Roger Biduk;
The TSX closed sharply lower Tuesday, but still hung on to most of the huge 452-point runup from the previous session.
The S&P/TSX Capped Health Care Index was lower by 0.60%.
IMRIS Inc. (IM) +17.15% to $2.80.
In the service sector:
MacDonald, Dettwiler and Assoc (MDA) +8.53% to $25.45. Reitmans (Canada) Limited (RET.A) +7.45% to $11.39. Stantec Inc. (STN) +7.28% to $23.43. Alimentation Couche-Tard Inc. (ATD.B) +6.12% to $12.65. New Flyer Industries Inc. (NFI.UN) +6.11% to $9.38.
ACE Aviation Holdings Inc. (ACE.A) -5.98% to $5.66. Mullen Group Income Fund (MTL.UN)
-5.28% to $9.51.
Toronto's S&P/TSX composite index was well off the lows of the session, recovering from an early deficit of about 200 points to close down 109.12 points to 8,849.39, with losses led by energy and financial stocks.
The TSX Venture Exchange inched 0.26 of a point higher to 924.29.
The Canadian dollar slipped 0.62 cent to 81.18 cents US.
Roger Biduk;
The S&P/TSX Global Gold Index lost 1.38% as the April bullion contract in New York sank $28.70 to US$923.80 an ounce.
NovaGold Resources Inc (NG) +9.00% to $3.15. Semafo Inc. (SMF) +5.66% to $2.24. Richmont Mines Inc. (RIC) +5.26% to $4.00.
First Quantum Minerals Ltd. (FM) -13.55% to $36.50. European Goldfields Limited (EGU) -6.61% to $3.39. Gabriel Resources Ltd. (GBU) -6.18% to $2.58. Greystar Resources Ltd. (GSL) -6.15% to $3.66. Moto Goldmines Limited (MGL) -5.78% to $2.77.
The strong showing on the TSX Monday extended a two-week rally as the U.S. government detailed a plan to support private investors in taking over as much as US$1 trillion in bad loans from American banks.
The S&P/TSX Consumer Discretionary Index was 0.16% higher and the S&P/TSX Consumer Staples Index lost 0.16%.
Linamar Corporation (LNR) +5.06% to $2.70.
The TSX is up 17 per cent from the trough of March 9 - but still underwater year-to-date and down dramatically from last June's peak of just over 15,000.
Roger Biduk;
S&P/TSX Capped Diversified Metals & Mining Index lost 1.89% as aluminum fell 2.65%, copper lost 1.90% and silver was 3.73% lower to $13.36.
HudBay Minerals Inc. (TSX:HBM) ran up 20 cents to $6 after dissident investors won control of the mining company following a bitter proxy battle.
Uranium One Inc. (UUU) +9.59% to $2.97. Altius Minerals Corporation (ALS) +5.96% to $7.11.
First Quantum Minerals Ltd. (FM) -13.55% to $36.50. Fronteer Development Group Inc (FRG) -6.67% to $3.08.
The S&P/TSX Capped Financial Index, which had surged 34 per cent from the March 9 trough, lost 2.03%.
Kingsway Financial Services In (KFS) +11.11% to $2.50. DiversiTrust Income Fund (DTF.UN) +9.56% to $7.45. Claymore S&P/TSX Global Mining (CMW.A) +8.73% to $14.69. DPF India Opportunities Fund (DPF.UN) +7.42% to $2.75. Brookfield Asset Management In (BAM.PR.B) +6.31% to $8.25.
Dundee Corporation (DC.A) -5.84% to $5.00. Uranium Participation Corporat (U) -5.70% to $6.45. Freehold Royalty Trust (FRU.UN) -5.58% to $9.30. AGF Management Limited (AGF.B) -5.26% to $8.29. Brascan SoundVest Rising Distr (BSD.PR.A) -5.09% to $5.03.
The April crude contract on the New York Mercantile Exchange gained 0.33% to $53.98 and natural gas rose 1.46% to $4.44 as the S&P/TSX Energy Index lost 2.72%.
Oil has risen more than 30 per cent this month as the U.S. dollar weakened and as traders wagered that the slide in the world's economy could be slowing. Oil had fallen in recent months as traders feared that economic weakness would crimp demand.
Cathedral Energy Services Inco (CET.UN) +14.86% to $4.02. Flint Energy Services Ltd. (FES) +7.20% to $6.85.Verenex Energy Inc. (VNX) +6.31% to $9.10.
West Energy Ltd. (WTL) -8.98% to $2.23. Crew Energy Inc. (CR) -8.92% to $4.39. Galleon Energy Inc. (GO) -8.72% to $3.77. Suncor Energy Inc. (SU) -7.29% to $28.50. Trican Well Service Ltd. (TCW) -5.85% to $6.92.
Roger Biduk;
The S&P/TSX Capped Information Technology Index rose 1.54% and the S&P/TSX Capped Telecom Services Index gained 0.91%.
5N Plus Inc. (VNP) +12.19% to $5.80. March Networks Corporation (MN) +7.83% to $2.48.
Torstar Corporation (TS.B) -5.21% to $4.91.
Shaw Communications Inc. (TSX:SJR.B) slipped 10 cents to $19.99 as it reported subscriber growth in all its services, including an 11 per cent rise in digital TV clients.
The S&P/TSX Capped Utilities Index gained 0.10%.
S&P/TSX Capped Industrial Index gained 0.42%.
JDS Uniphase Canada Ltd. (JDU) +10.02% to $4.83. TimberWest Forest Corp. (TWF.UN) +5.35% to $2.56. Newalta Inc. (NAL) -8.70% to $2.31.
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Tuesday, March 24, 2009
Roger Biduk; Financials and Energy Rally Bay Street
Roger Biduk;
Toronto's S&P/TSX composite index jumped 452.16 points Monday to 8,958.51. The Canadian benchmark index is up 18.4 per cent since its March 9 trough, led by a 34 per cent rise in the financial sector. Ten of the eleven sectors I follow on the TSX were higher.
The TSX Venture Exchange rose 22.23 points to 924.03.
The Canadian dollar gained 1.12 cents to 81.8 cents US as the American dollar weakened on worries about inflation resulting from the taxpayer-supported plan to remove up to US$1 trillion in bad loans from the banks' balance sheets.
ETFs led the way.
Horizons BetaPro S&P/TSX Capped Financial Bull (HFU) +16.78%. Horizons BetaPro MSCI Emerging Markets Bull (HJU) +16.68%. Horizons BetaPro S&P 500 Bull (HSU) +14.09%.
The S&P/TSX Capped Health Care Index was higher by 1.21%.
In the service sector:
Contrans Income Fund (CSS.UN) +9.86% to $3.90. Transcontinental Inc. (TCL.A) +9.24% to $6.15. Canadian Pacific Railway Limit (CP) +7.18% to $39.55. Great Canadian Gaming Corporat (GC) +6.27% to $2.71. WestJet Airlines Ltd. (WJA) +5.96% to $11.55.
ACE Aviation Holdings Inc. (ACE.A) -7.38% to $6.02.
Roger Biduk;
The April crude contract on the New York Mercantile Exchange gained 3.32% to $53.80 and natural gas rose 1.16% to $4.43 as the S&P/TSX Energy Index jumped 7.41%.
Energy stocks took off after Suncor Energy Inc. (TSX:SU) and Petro-Canada (TSX:PCA) announced an all-stock combination into a company valued at $43.3 billion. The new enterprise is to operate under the Suncor name with existing Petro-Canada shareholders owning 40 per cent. Suncor shares slipped 16 cents to $30.74 while Petro-Canada soared $6.05 or 20 per cent to $35.70.
Galleon Energy Inc. (GO) +20.41% to $4.13. Cathedral Energy Services Inco (CET.UN) +18.64% to $3.50. Trinidad Drilling Ltd. (TDG) +13.88% to $3.20. Progress Energy Resources Corp (PRQ) +11.76% to $10.64. Talisman Energy Inc. (TLM) +11.31% to $14.47.
The gold sector was the only decliner. The S&P/TSX Global Gold Index lost 0.82% as the April bullion contract in New York sank $3.70 to US$952.50 an ounce.
Banro Corporation (BAA) +18.05% to $2.42. European Goldfields Limited (EGU) +10.33% to $3.63. First Quantum Minerals Ltd. (FM) +9.38% to $42.22. Imperial Metals Corporation (III) +7.21% to $3.27.
Alamos Gold Inc. (AGI) -5.06% to $8.26. Vista Gold Corp. (VGZ) -5.06% to $2.44.
Statistics Canada, meanwhile, reported that its gauge of future economic activity fell 1.1 per cent in February after a 0.9 per cent decrease in January.
The S&P/TSX Consumer Discretionary Index was 4.00% higher and the S&P/TSX Consumer Staples Index gained 1.43%.
Richards Packaging Income Fund (RPI.UN) +12.36% $3.00. Linamar Corporation (LNR) +11.74% to $2.57. Cascades Inc. (CAS) +10.10% to $2.18. Gildan Activewear Inc. (GIL) +8.57% to $10.26. Supremex Income Fund (SXP.UN) +7.14% to $2.25.
Roger Biduk;
S&P/TSX Capped Diversified Metals & Mining Index soared 9.13% as aluminum fell 0.75%, copper gained 2.51% and silver was 0.25% higher to $13.88.
Athabasca Potash Inc. (API) +16.44% to $2.55. Sherritt International Corpora (S) +16.03% to $2.75. Teck Cominco Limited (TCK.B) +12.93% to $6.64. Timminco Limited (TIM) +10.77% to $2.16. Quadra Mining Ltd. (QUA) +9.82% to $5.48.
The S&P/TSX Capped Information Technology Index rose 3.72% and the S&P/TSX Capped Telecom Services Index gained 1.96%.
5N Plus Inc. (VNP) +8.39% to $5.17. Research in Motion Limited (RIM) +7.21% to $55.00. Torstar Corporation (TS.B) +6.40% to $5.15. CGI Group Inc. (GIB.A) +5.68% to $9.68. Matrikon Inc. (MTK) +5.26% to $2.00.
The S&P/TSX Capped Financial Index soared 8.93%.
Financial 15 Split Corp. II (FFN) +30.42% to $3.73. CIX Split Corp. (CXC) +28.66% to $2.11. Fairborne Energy Ltd. (FEL) +20.67% to $3.62. NB Split Corp. (NBF) +20.00% to $6.00. Homburg Invest Inc. (HII.A) +18.10% to $10.83.
Melcor Developments Ltd. (MRD) -6.19% to $4.55. DPF India Opportunities Fund (DPF.UN)
-5.19% to $2.56.
The S&P/TSX Capped Utilities Index gained 1.36%.
Canadian Hydro Developers Inc (KHD) +7.75% to $2.78.
S&P/TSX Capped Industrial Index jumped 5.34%. Bombardier Inc. (BBD.B) +7.14% to $3.00. Sino-Forest Corporation (TRE) +6.83% to $7.98. Toromont Industries Ltd. (TIH) +6.29% to $24.15. Churchill Corporation (The) (CUQ) +6.22% to $8.20. Martinrea International Inc. (MRE) +5.78% to $2.38.
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Toronto's S&P/TSX composite index jumped 452.16 points Monday to 8,958.51. The Canadian benchmark index is up 18.4 per cent since its March 9 trough, led by a 34 per cent rise in the financial sector. Ten of the eleven sectors I follow on the TSX were higher.
The TSX Venture Exchange rose 22.23 points to 924.03.
The Canadian dollar gained 1.12 cents to 81.8 cents US as the American dollar weakened on worries about inflation resulting from the taxpayer-supported plan to remove up to US$1 trillion in bad loans from the banks' balance sheets.
ETFs led the way.
Horizons BetaPro S&P/TSX Capped Financial Bull (HFU) +16.78%. Horizons BetaPro MSCI Emerging Markets Bull (HJU) +16.68%. Horizons BetaPro S&P 500 Bull (HSU) +14.09%.
The S&P/TSX Capped Health Care Index was higher by 1.21%.
In the service sector:
Contrans Income Fund (CSS.UN) +9.86% to $3.90. Transcontinental Inc. (TCL.A) +9.24% to $6.15. Canadian Pacific Railway Limit (CP) +7.18% to $39.55. Great Canadian Gaming Corporat (GC) +6.27% to $2.71. WestJet Airlines Ltd. (WJA) +5.96% to $11.55.
ACE Aviation Holdings Inc. (ACE.A) -7.38% to $6.02.
Roger Biduk;
The April crude contract on the New York Mercantile Exchange gained 3.32% to $53.80 and natural gas rose 1.16% to $4.43 as the S&P/TSX Energy Index jumped 7.41%.
Energy stocks took off after Suncor Energy Inc. (TSX:SU) and Petro-Canada (TSX:PCA) announced an all-stock combination into a company valued at $43.3 billion. The new enterprise is to operate under the Suncor name with existing Petro-Canada shareholders owning 40 per cent. Suncor shares slipped 16 cents to $30.74 while Petro-Canada soared $6.05 or 20 per cent to $35.70.
Galleon Energy Inc. (GO) +20.41% to $4.13. Cathedral Energy Services Inco (CET.UN) +18.64% to $3.50. Trinidad Drilling Ltd. (TDG) +13.88% to $3.20. Progress Energy Resources Corp (PRQ) +11.76% to $10.64. Talisman Energy Inc. (TLM) +11.31% to $14.47.
The gold sector was the only decliner. The S&P/TSX Global Gold Index lost 0.82% as the April bullion contract in New York sank $3.70 to US$952.50 an ounce.
Banro Corporation (BAA) +18.05% to $2.42. European Goldfields Limited (EGU) +10.33% to $3.63. First Quantum Minerals Ltd. (FM) +9.38% to $42.22. Imperial Metals Corporation (III) +7.21% to $3.27.
Alamos Gold Inc. (AGI) -5.06% to $8.26. Vista Gold Corp. (VGZ) -5.06% to $2.44.
Statistics Canada, meanwhile, reported that its gauge of future economic activity fell 1.1 per cent in February after a 0.9 per cent decrease in January.
The S&P/TSX Consumer Discretionary Index was 4.00% higher and the S&P/TSX Consumer Staples Index gained 1.43%.
Richards Packaging Income Fund (RPI.UN) +12.36% $3.00. Linamar Corporation (LNR) +11.74% to $2.57. Cascades Inc. (CAS) +10.10% to $2.18. Gildan Activewear Inc. (GIL) +8.57% to $10.26. Supremex Income Fund (SXP.UN) +7.14% to $2.25.
Roger Biduk;
S&P/TSX Capped Diversified Metals & Mining Index soared 9.13% as aluminum fell 0.75%, copper gained 2.51% and silver was 0.25% higher to $13.88.
Athabasca Potash Inc. (API) +16.44% to $2.55. Sherritt International Corpora (S) +16.03% to $2.75. Teck Cominco Limited (TCK.B) +12.93% to $6.64. Timminco Limited (TIM) +10.77% to $2.16. Quadra Mining Ltd. (QUA) +9.82% to $5.48.
The S&P/TSX Capped Information Technology Index rose 3.72% and the S&P/TSX Capped Telecom Services Index gained 1.96%.
5N Plus Inc. (VNP) +8.39% to $5.17. Research in Motion Limited (RIM) +7.21% to $55.00. Torstar Corporation (TS.B) +6.40% to $5.15. CGI Group Inc. (GIB.A) +5.68% to $9.68. Matrikon Inc. (MTK) +5.26% to $2.00.
The S&P/TSX Capped Financial Index soared 8.93%.
Financial 15 Split Corp. II (FFN) +30.42% to $3.73. CIX Split Corp. (CXC) +28.66% to $2.11. Fairborne Energy Ltd. (FEL) +20.67% to $3.62. NB Split Corp. (NBF) +20.00% to $6.00. Homburg Invest Inc. (HII.A) +18.10% to $10.83.
Melcor Developments Ltd. (MRD) -6.19% to $4.55. DPF India Opportunities Fund (DPF.UN)
-5.19% to $2.56.
The S&P/TSX Capped Utilities Index gained 1.36%.
Canadian Hydro Developers Inc (KHD) +7.75% to $2.78.
S&P/TSX Capped Industrial Index jumped 5.34%. Bombardier Inc. (BBD.B) +7.14% to $3.00. Sino-Forest Corporation (TRE) +6.83% to $7.98. Toromont Industries Ltd. (TIH) +6.29% to $24.15. Churchill Corporation (The) (CUQ) +6.22% to $8.20. Martinrea International Inc. (MRE) +5.78% to $2.38.
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