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This Week’s Market Buzz


• Global benchmark Brent crude surged nearly $2 a barrel, lifted by concern about a steep drop in exports from Venezuela and worries OPEC may not raise production at its meeting this month. Brent crude futures settled up $1.96 a barrel, or 2.6 percent at $77.32. U.S. West Texas Intermediate crude rose $1.22, or 1.88 percent to $65.95 a barrel.

• Margaret Lai has resigned as chief financial officer of Victory Nickel to pursue a new opportunity. Sean Stokes, currently vice president of corporate affairs and corporate secretary of the company, has been appointed interim chief financial officer pending the selection of a permanent chief financial officer. Stokes has approximately 30 years of business development/finance experience with a broad range of public and private companies primarily in the metals and mining sector.

• Representatives of Unimin Canada Ltd., donated $100,000 to the Peterborough, Canada, Regional Health Centre Foundation and toured the hospital’s Centre of Excellence for Cancer Care. “Many of Unimin’s employees and their families have experienced the first-class care of this great community healthcare center,” stated Carl Horvat, regional general manager, Unimin Canada. “As our company makes further investments to secure our long-term sustainability in the Peterborough region, we also want to help sustain important pillars of the communities in which our employees live and work.” Lesley Heighway, PRHC Foundation president, and CEO, said the donation will fund technology that ensures fast, accurate cancer screening, diagnosis and treatment through investment in laboratory innovation.