The Successful Investor Hotline – Friday, April 7, 2011

Article Excerpt

PLEASE NOTE: Our next Hotline will go out on Friday, April 15, 2011. TECK RESOURCES LTD., $55.06, Toronto symbol TCK.B, rose 8% this week after the company reached a new deal with the union at its Elkview metallurgical coal mine in B.C. The deal should end a two-month strike. Elkview is the second-largest of Teck’s six coal mines in B.C., so settling this dispute will help the company take advantage of rising demand for its coal by steelmakers in Asia. As well, the company continues to benefit from higher copper prices. It should also see higher demand for its coal and zinc as Japan rebuilds following last month’s earthquake and tsunami. Teck is a buy. BCE INC., $35.23, Toronto symbol BCE, has completed its purchase of the 85% of CTVglobemedia that it did not already own. This is the private company that owns the CTV Television Network, which consists of 28 TV stations. CTVglobemedia also owns 29 specialty channels, 33 radio stations and…