Roger Biduk; CDN$ & Bay Street Tank

Roger Biduk:

The Toronto stock market and the Canadian dollar both tanked Tuesday on disappointment with U.S. Treasury Secretary Timothy Geithner's plan to help the financial sector.
Toronto's S&P/TSX composite index snapped a five-session winning streak to close down 229.39 points or 2.5 per cent to 8,817.89 led by a four per cent drop in the financial sector.
The TSX Venture Exchange was 0.99 of a point higher to 902.09.

The Canadian dollar tanked 1.97 cents to 80.24 cents US - after going as low as 80.04 cents as disappointment with the Geithner announcement sparked a selloff of a string of currencies in favour of the U.S. dollar.
Investors were also focused on Bank of Canada governor Mark Carney, who reiterated to a parliamentary committee that he expects the economy to rebound in 2010, growing by 3.8 per cent.
Many economists regard this as overly optimistic, but Carney said "such a recovery is actually more muted than usual," after what will be a difficult 2009.

ETFs (Exchange Traded Funds) that short the market, that is, they go up when everything goes down (my favorite since last January) were the best gainers in Toronto.
Horizons BetaPro NYMEX Natural Gas Bear ETF (HND) soared 11.54% to $45.54. Horizons BetaPro MSCI Emerging Markets Bear ETF (HJD-T) jumped 11.01% to %15.32. Horizons BetaPro S&P 500 Bear Plus ETF (HSD-T) was up 10.07% to $33.88. Horizons BetaPro NYMEX Crude Oil Bear ETF (HOD-T). Horizons BetaPro NASDAQ-100 Bear Plus ETF (HQD-T) gained 8.28% to $34.40.

Roger Biduk
The S&P/TSX Capped Financial Index sank 3.97% as TD Bank (TSX:TD) was down $1.57 to $39.12 and Bank of Montreal (TSX:BMO) fell $1.42 to $30.36. Savanna Energy Services (SVY) sank 12.13% to $5.94. Dundee Corp. (DC.A) dropped 11.01% to $5.09. Noranda Income fund (NIF.UN) dropped 9.98% to $4.24.

The S&P/TSX Energy Index tanked 4.44% per cent as the March crude contract in New York lost $2.01 to US$37.55 a barrel. Petro-Canada (TSX:PCA) declined $1.55 to $28.26 and EnCana Corp. (TSX:ECA) gave back $2.55 to $55.31.
Tusk Energy Corp. (TSX:TSK) announced a deal to be taken over by a unit of Teachers Insurance and Annuity Association of America in a deal valued at $257 million. Its shares soared $1.22 or 142 per cent to $2.08.
Pacific Rubiales Energy (PRE) tanked 9.71% to $2.79. Trinidad Drilling (TDG) sank 9.49% to $2.67. Highpine Oil & Gas (HPX) dropped 7.77% to $4.63.

The S&P/TSX Global Gold Index was up .30% as the April bullion contract in New York rose $21.40 to US$914.20 an ounce.
Goldcorp Inc. (TSX:G) climbed 74 cents to $36.83. First Quantum Minerals (FM) sank 13.03% to $26.96. Centerra Gold (CG) dropped 11.31% to $4.47. Aquiline Res. (AQI) sank 10.91% to $2.45. European Goldfields (EGU) dropped 7.86% to $2.93.

The S&P/TSX Capped Divesified Metals & Mining Index tanked 8.70% as aluminum dropped 2.64%, copper dipped 2.29% and silver gained 2.34%8.7 per cent with Teck Cominco Ltd. (TSX:TCK.B) down 54 cents to $4.96 and Quadra Mining (QUA) tanked 13.25% to $3.47. Ivanhoe Mines (IVN) sank 11.19%.
Shares in Inmet Mining (TSX:IMN) were off 96 cents to $25.65 after a fourth-quarter loss of $32.5 million on asset writedowns and low metal prices.
A Japanese consortium is paying $270 million for a 19.95 per cent interest in Uranium One Inc. (TSX:UUU). The Toronto-headquartered miner is active in Kazakhstan, the United States and South Africa and its shares climbed eight cents to $2.09 .

Roger Biduk:
The S&P/TSX Capped Information Technology Index was down 1.43% and the S&P/TSX Capped Telecom Services Index was down .75%.
Data encryption specialist Certicom Corp. (TSX:CIC) says it has been told by VeriSign Inc. that the California company will not match a $3-a-share takeover offer from Research In Motion Ltd. (TSX:RIM). RIM's proposal topped a $2.10-per-share price previously agreed to between VeriSign and Certicom. Certicom shares declined 29 cents to $2.97 while RIM ticked 92 cents lower to $70.88.

The S&P/TSX Consumer Discretionary Index dropped 2.00% and the S&P/TSX Consumer Staples Index was down .98%.

The S&P/TSX Capped Health Care Index sank 3.87%.

The S&P/TSX Capped Utilities Index was lower by 1.18%.

The S&P/TSX Capped Industrial Index dropped 2.67%.
Molson Coors Brewing Co. (TSX:TAP) reported a steep drop in fourth-quarter earnings to US$96.8 million "due to unfavourable foreign currency and slowing industry trends." In New York, its shares were down $3.20 at US$37.30.

www.rogerbiduk.ca
www.rogerbiduk.wordpress.com
www.rogerbiduk.blogspot.com
http://bestcatanddognutrition.wordpress.com/