SpaceX launching Canada’s Cassiope weather satellite into space this Sunday
Athabasca Oil Corp. (ATH) , which is seeking a joint-venture partner for its Duvernay holdings, jumped 9.3 percent to C$7.97, the most in seven weeks. BlackBerry Earnings BlackBerry added 0.7 percent to C$8.28, the first increase in six days. The smartphone maker reported more complete second-quarter earnings , including a loss of 47 cents a share from continuing operations and a 45 percent plunge in sales to $1.57 billion, after disclosing preliminary results on Sept. 20. The slight upside likely reflects that there was nothing hidden in the results, said Bill Kreher , an analyst with Edward Jones & Co., in a phone interview from St. Louis . Jean Coutu Group Inc. rose 1.8 percent to C$18.29 to pace gains among consumer-staples companies. Telus dropped 1.2 percent to C$34.52 and Rogers retreated 1 percent to C$44.64. Analyst Robert Bek with CIBC World Markets cut his price targets for the two wireless carriers by 11 percent and 17 percent, respectively, due to the Canadian governments increasing attention to the space. Canadas largest carriers signaled on Sept. 23 their intent to bid in a wireless spectrum auction in January, with no sign of interest from major foreign companies after Verizon Communications Inc. said earlier this month it wouldnt enter the Canadian market.
For more information about FRQS, please visit www.frqs.gouv.qc.ca . The news release is available at www.cnw.ca . Forward Looking Statement This news release includes “forward-looking statements” within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. These statements are based upon the current beliefs and expectations of Merck’s management and are subject to significant risks and uncertainties. If underlying assumptions prove inaccurate or risks or uncertainties materialize, actual results may differ materially from those set forth in the forward-looking statements. Risks and uncertainties include but are not limited to, general industry conditions and competition; general economic factors, including interest rate and currency exchange rate fluctuations; the impact of pharmaceutical industry regulation and health care legislation in the United States and internationally; global trends toward health care cost containment; technological advances, new products and patents attained by competitors; challenges inherent in new product development, including obtaining regulatory approval; Merck’s ability to accurately predict future market conditions; manufacturing difficulties or delays; financial instability of international economies and sovereign risk; dependence on the effectiveness of Merck’s patents and other protections for innovative products; and the exposure to litigation, including patent litigation, and/or regulatory actions. Merck undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events or otherwise. Additional factors that could cause results to differ materially from those described in the forward-looking statements can be found in Merck’s 2012 Annual Report on Form 10-K and the company’s other filings with the Securities and Exchange Commission (SEC) available at the SEC’s Internet site (ww.sec.gov). SOURCE Merck Image with caption: “Merck Canada Announces a $4 Million Grant To Support Patient-Centered Care (from left to right) Dr. Renaldo Battista, Scientific Director, FRQS; Dr. Thomas R. Cannell, President and Managing Director, Merck Canada Inc.; Dr. Rejean Hebert, Quebec Minister of Health and Social Services. (CNW Group/Merck)”.
Canada PM Won’t Accept US Rejection of Keystone XL
“The logic behind this project is simply overwhelming,” the prime minister said. Harper said politics has cast doubt on whether the pipeline will be approved but said he’s optimistic it will be approved. “Ultimately, over time, bad politics make bad policy,” he said. “The president has always assured me that he will a make decision that’s in what he believes is in the best interests of the United States based on the facts. I think the facts are clear.” The Obama administration is considering whether to approve the pipeline, which would carry 800,000 barrels of oil a day from Alberta across six U.S. states to the Texas Gulf Coast. A decision late this year or early next year. Republicans, and business and labor groups, have urged the Obama administration to approve the pipeline as a source of much-needed jobs and a step toward North American energy independence. Environmental groups have been pressuring President Barack Obama to reject the pipeline, saying it would carry “dirty oil” that contributes to global warming. They also worry about a spill. Obama’s initial rejection of the pipeline last year went over badly in Canada, which relies on the U.S. for 97 percent of its energy exports.
Canada Stocks Little Changed as Oil Producers, BlackBerry Gain
Cassiope is the first of three satellites that Canada is sending into orbit as part of the RADARSAT Constellation Mission , which is intended to provide maritime surveillance, disaster management, and ecosystem monitoring capabilities through an enhance polar outflow probe (ePOP). This is the largest space launch in Canadas history. Together, the three satellites will offer complete daily coverage of Canadas3,855,100 square miles of territory, and Canada will be able to monitor polar ice conditions, oil pills, ship movements, forest fires, wetlands and coastal changes, and other things. The three-satellite configuration is a paradigm shift from earlier RADARSAT missions that launched a single satellite. By distributing the capabilities of the system across multiple satellites, the CSA aims to establish a more robust, flexible system that can be maintained at a lower cost, and launched using smaller, less expensive launch vehicles, like the Falcon 9. SpaceX was founded by startup superhero Elon Musk ( the real-world Tony Stark of our age ), who also founded PayPal and Tesla Motors and serves on the board of SolarCity. In 2012, SpaceX launched the Falcon 9 rocket carrying a Dragon capsule full of supplies , which became the first private unmanned spaceship in history to successfully attach to the International Space Station . The long-term goal is send humans into space, but SpaceX is starting out by sending other things, like cargo and satellites. Governments are historically the only entities with enough resources to fuel space missions, but Musk has changed all that. SpaceX works with governments and private organizations to help them fulfill their galactic needs. Earlier this year, it earned a contract with Thales Alenia Space to launch Turkmenistans first satellite into orbit to set up a national system of satellite communications. This will be the first launch of the latest version of the Falcon 9, with upgraded engines and stretched fuel tanks. Falcon 9 and Cassiope were initially supposed to launch about two weeks ago, but the event was postponed.