on the flipside
Could the NSA access BlackBerry servers via relationship with government ? The Canadian government helped the NSA collect information during the 2010 Toronto G8 summit. This leads to other concerns: Does the Canadian government have unrestricted access to BlackBerry servers in Ontario ? We know that a big reason BlackBerry is off the market is because the government won't ok such a deal if it involves a foreign company such as Lenovo, this leads us to believe that the government of Canada does have a certain level of influence over BlackBerry.
Gold Silver stock doubles on news of higher than expected pre-production
That makes my favorite gold mining stock Seabridge Gold (SEA) even more enticing. You see, Seabridge has 5X as much gold and silver at neighbouring mine Kerr-Sulphurates-Mitchell. Higher gold grades at Brucejack probably means higher gold grades at KSM ! Either way, Seabridge Gold has to be on your stock radar .. has much more gold than Pretium Resources at a property that is only miles away .. any company looking to develop Brucejack is going to take an interest in KSM. Future news regarding development at KSM will have a huge impact on Seabridge stock. With Brucejack prepping for 2016, it's only a matter of time until the focus shifts to KSM.
Watch Out: New tax on gold in India will affect gold demand
Two months ago, in September India raised the duty tax on imports of gold jewelry from 10% to 15%. Unsurprisingly Thailand, a major source of India's gold (3% of Thailand -India trade) initially objected to the tax hike however by the end of October, Thailand agreed to abide by the new rules after India threatened to suspend imports of gold jewelry from the country. India also introduced a tax of 10% on gold bullion.
The new tax on Indian gold imports will eventually have a significant affect on world gold consumption: Last year, India was the primary driver of gold demand - the country accounted for a fifth of gold consumption worldwide (864 tonnes out of 4405 tonnes total; 11% more than China).
Sears Canada being run into the ground by parent Sears Holdings ? (owns 51%; Sears Canada closes)
Over the last five weeks, Sears Canada raised $695 million in two seperate deals that saw the 61 year-old retailer sell a number of its core, revenue generating stores. In the $380 million October 29 deal, Sears gave up its most profitable location in Toronto's Eaton Centre (335 employees there alone, store is so big mall gets its name from previous tenant Eatons) and one of its biggest stores in Western Canada (Richmond BC). What's most alarming about the deal is this:
