Roger Biduk; Metals and Energy Take Bay Street Higher

Roger Biduk writes:

The financial sector held limited the gains on Bay Street but mining and energy stocks were strong.
Toronto's S&P/TSX composite index rose 141.41 points to 8,627.97 for a loss of 292 points or 3.25 per cent this week, led by sliding financials.
The TSX Venture Exchange was 9.48 points ahead to 859.69.
The CDN$ rose 1.46 cents to 81.22 cents US as new data showed inflation slowed to the lowest pace in two years last month, thanks largely to falling energy prices. Statistics Canada says annual inflation dipped to 1.2 per cent in December, down from November's two per cent rate.

The S&P/TSX Capped Industrial Index was higher by .36%.
Canadian National Railway (TSX:CNR) rose $1.79 to $41.74 after it raised its dividend by 10 per cent. CN's fourth-quarter profit of $573 million was down from a year ago, but this was mainly because of big gains in the year-earlier period, and the results beat market expectations.
Heroux-Deytek (HRX) jumped 13.33% to $5.44.

The S&P/TSX Capped Financial Index dropped .75% after already losing 9% for the week. The Royal Bank (TSX:RY) fell $1.99 to $28.08 after an analyst questioned the financial health of the bank. CIBC (TSX:CM) gained 75 cents to $44. Franco-Nevada (FNV) gained 13.86% to $4.60. Sentry Select Primary Metals (PME) soared 9.75% to $3.49. Baytex Energy Trust (BTE.UN) gained 9.37% to $16.34. Canadian Oil Sands Trust (COS.UN) gained 8.55% to $18.40. Manulife Financial (MFC) gained 5.45% to $20.14. Dynasty Metals & Minerals (DMM) up 5.10% to $4.33.
Urbava Corp. (URB) tanked 10.13% to $2.13. Parksbridge Lifestyle (PRK) sank 8.33% to $2.75. Acuity Small Cap corp. (ASF) lost 7.52% to $2.46. Macquarie Power & Infrastructure (MPT.UN) down 5.39% to $5.79.

Roger Biduk:
The S&P/TSX Energy Index rose 3.54% as the March crude contract on the New York Mercantile Exchange gained $2.80 to US$46.47. Natural gas declining 3.63% to $4.49. Suncor Inc. (TSX:SU) jumped 5.15% to $24.10 and EnCana Corp. (TSX:ECA) improved $1.75 to $54.50. Petrominerales (PMG) gained 5.17% to $5.70. Pason Systems (PSI) soared 9.55% to $12.16.

The S&P/TSX Global Gold Index soared 7.84% as the February bullion contract in New York jumped $37 to US$895/80 an ounce. Goldcorp Inc. (TSX:G) gained $2.98 to $36.25 and Barrick Gold Corp. (TSX:ABX) moved up $4.09 to $48.79. NovaGold Res. (NG) soared 16.88% to $2.77. Kirkland Lake (KGI) jumped 15.03% to $5.28. Richmont Mines (RIC) moved 11.72% higher to $3.05. Detour Gold (DGC) up 9.55% to $8.26. Agnico-Eagle Mines (AEM) up 7.79% to $69.49. Kindross Gold (K.WT.B) up 7.27% to $3.45. Royal Gold (RGL) higher by 7.15% to $59.79. Centerra Gold (CG) up 7.06% to $4.55. Newmount Mining (NMC) rose 6.91% to $54.79. Queenston Mining (QMI) higher by 6.64% to $3.05. Virginia Mines (VGQ) moved up 6.23% to $3.58. Jaguar Mining (JAG) up 5.46% to $6.95.

The S&P Capped Diversified Metals and Minerals Index rose 2.96% as copper jumped 5.44% to $1.47. Silver gained 5.06% to $11.94 and aluminum was .81% higher to $.62. with Teck Cominco Ltd. (TSX:TCK.B) ahead 32 cents to $5.61.
HudBay Minerals Inc. (TSX:HBM) surged 85 cents or 24 per cent to $4.37 after the Ontario Securities Commission ruled its shareholders must be allowed to vote on its proposed highly dilutive all-stock takeover of Lundin Mining Corp. (TSX:LUN). Lundin shares dropped 27 cents or 23 per cent to 92 cents. Ivanhoe Mines (IVN) sank 5.68% to $3.49. Osisko Mines (OSK) soaring $16.46% to $4.60. Fronteer Dev. Gr. (FRG) up 13.33% to $2.72. Aurora Energy Res. (AXU) jumped 9.05% to $2.17.
Sprott Res. (SCP) gained 8.89% to $2.45. Pan American Silver (PAA) moved 7.95% higher to $22.14. Altius Minerals (ALS) up 7.88% to $4.93%. Silver Wheaton (SLW) up 6.94% to $8.47.

Roger Biduk:
The S&P/TSX Consumer Discretionary Index was down .22% and the S&P/TSX Consumer Staples Index was down .12%.
AlarmForce Ind. (AF) sank 5.17% to $3.85. Cascades Inc. (CAS) down 5.53% and Sub-Rype Products (SRF) tanked 8.76% to $6.56. Hammond Power Solutions (HPS.A) jumped 11.56% to $8.49. High Liner Foods (HLF) higher by 5.72% to $7.95.

The S&P/TSX Capped Information Technology Index was down .53% and the S&P/TSX Capped Telecom Index was up .03%.
Encryption technology company Certicom Corp. (TSX:CIC) has reached a $92-million deal to be purchased by California-based VeriSign Inc. The deal trumps the hostile bid that BlackBerry-maker Research In Motion (TSX:RIM) was forced to withdraw by an Ontario court order. However analysts say it doesn't keep RIM from returning with a friendly counteroffer. Certicom stocks jumped 67 cents or 40 per cent to $2.34.
Bridgewater Systems Corp. (BWC) tanked 16.30% to $2.31. Mosaid Technologies (MSD) sank 11.37% to $8.65.

The S&P/TSX Capped Health Care Index sank 1.96%.
Amica Mature Lifestyles (ACC) gained 5.53% to $4.01. Cangene Corp. (CNJ) up 5.73% to $5.63.

In the service sector, Softchoice Corp. (SO) tanked 15.44% to $2.41. Vitran Corp. (VTN) sank 10.88% to $5.16. Transcontental Inc. (TCL.A) dropped 5.75% to $8.85. Coast Wholesale Appliance (CWA.UN) soared14.53% to $3.31. Sterling Shoes Income Fund (SSI.UN) rose 7.00% to $2.14.

The S&P/TSX Capped Utilities Index dropped 1.29%.

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