Roger Biduk; Bay Steet Higher on U.S. Reports

Roger Biduk;

Stock markets rose sharply on the first day of the second quarter, as better than expected readings on U.S. vehicle sales, manufacturing and construction persuaded investors to extend a three-week-old rally.
Indexes started the day negatively as other data suggested deep American job losses but then started going higher.

S&P/TSX Capped Diversified Metals & Mining Index soared 7.16% as aluminum was flat, copper was also flat at $1.85 and silver was $.01 lower to $12.98.
Forsys Metals Corp. (FSY) +17.00% to $4.680. Gerdau AmeriSteel Corporation (GNA) +13.68% to $4.32. Teck Cominco Limited (TCK.B) +10.64% to $7.80. Consolidated Thompson Iron Min (CLM) +10.04% to $2.85. Ivanhoe Mines Ltd. (IVN) +9.90% to $8.55.

Toronto's S&P/TSX composite index closed with a gain of 221.43 points to 8,941.82, led by the financial and energy sectors. New York's Dow Jones industrial average ran up 152.68 points to 7,761.60.
The TSX Venture Exchange gained 13.28 points to 970.09. The Canadian dollar added 0.02 of a cent to 79.30 cents US as Bank of Canada governor Mark Carney said the economy could continue to contract into the second half of this year, and recovery will likely take longer than expected.

Roger Biduk;
The S&P/TSX Capped Industrial Index gained 0.91%.
JDS Uniphase Canada Ltd. (JDU) +11.89% to $4.61. GLV Inc. (GLV.A) +7.59% to $7.09. Churchill Corporation (The) (CUQ) +5.81% to $9.10. Heroux-Devtek Inc. (HRX) +5.00% to $4.20.

Wednesday's performance extended a rally that started just over three weeks ago and has lifted the TSX about 18 per cent after the main index had sold off to 2004 levels.

The S&P/TSX Capped Information Technology Index rose 2.75% and the S&P/TSX Capped Telecom Services Index gained 2.07%.
Gennum Corporation (GND) +8.43% to $4.50. Descartes Systems Group Inc. (DSG) +7.50% to $3.87. Celestica Inc. (CLS) +7.42% to $4.78. Research in Motion Limited (RIM) +5.89% to $57.70.

The S&P/TSX Capped Utilities Index gained 0.39%.

Roger Biduk;
The April crude contract on the New York Mercantile Exchange dropped 3.03% to $48.39 and natural gas was down 2.16% to $3.68 as the S&P/TSX Energy Index gained 2.72%.
The index was higher even as U.S. crude inventories rose more than expected last week and gasoline stockpiles increased.
Major Drilling Group Internati (MDI) +10.10% to $13.30. Crew Energy Inc. (CR) +8.70% to $4.25. Corridor Resources Inc. (CDH) +7.89% to $2.05. Paramount Energy Trust (PMT.UN) +5.81% to $3.28. Nexen Inc. (NXY) +5.29% to $22.51.
Cathedral Energy Services Inco (CET.UN) -5.68% to $3.49.

The S&P/TSX Capped Financial Index gained 2.70%.
Premium Income Corporation (PIC.A) +7.78% to $2.91. 5Banc Split Inc. (FBS.B) +7.37% to $3.06. Fairborne Energy Ltd. (FEL) +6.64% to $3.21. Kingsway Financial Services In (KFS) +6.50% to $2.62. Manulife Financial Corporation (MFC) +6.20% to $15.08.
Multi Select Income Trust (MST.UN) -11.47% to $3.01. Cominar Real Estate Investment (CUF.UN) -9.08% to $12.51.

The S&P/TSX Global Gold Index gained 4.36% as the April bullion contract in New York gained $2.70 to US$927.70 an ounce.
Gabriel Resources Ltd. (GBU) +11.67% to $2.68. Guyana Goldfields Inc. (GUY) +11.56% to $3.28. Moto Goldmines Limited (MGL) +9.59% to $3.20. US Gold Corporation (UXG) +8.75% to $2.86. Allied Nevada Gold Corp. (ANV) +8.50% to $7.91.

Roger Biduk;
The S&P/TSX Consumer Discretionary Index was 0.89% higher and the S&P/TSX Consumer Staples Index gained 1.17%.
INSCAPE Corporation (INQ) +23.76% to $2.24. Maple Leaf Foods Inc. (MFI) +5.05% to $8.53.

The S&P/TSX Capped Health Care Index was higher by 0.42%.

In the service sector:
Sears Canada Inc. (SCC) +8.96% to $20.67. TransForce Inc. (TFI) +8.53% to $3.69. Altus Group Income Fund (AIF.UN) +7.69% to $7.00. Chateau Inc. (Le) (CTU.A) +7.61% to $8.34. Cossette Inc. (KOS) +7.52% to $3.43.
Jazz Air Income Fund (JAZ.UN) -16.35% to $2.66. Cargojet Income Fund (CJT.UN) -6.38% to $2.64. Groupe Aeroplan Inc. (AER) -5.23% to $7.43.

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