Roger Biduk; Bay Street has Largest Yearly Gain

Roger Biduk;

Did you read my email that I sent on Monday morning regarding what ETFs to buy on an upcoming bear market rally I saw coming?
Hopefully you did and bought (as my clients did) the ones I included.
Horizon BetaPro S&P/TSX Financials Bull Plus (HFU) soared 25.00% to $3.60, (HQU) was up 12.18% and (HXU) rose 9.07%.
The ETFs in the U.S. markets that I talked about (see below) did even better as they are leveraged 3-1 compared to the Canadian ones at 2-1.

Stock markets surged on a huge runup in bank and insurance shares Tuesday after American financial-services giant Citigroup Inc. said it was profitable in the first two months of this year.
Toronto's S&P/TSX composite index jumped 313.47 points or 4.1 per cent to 7,880.41, powered by a 12 per cent charge in the financial sector. It was the biggest gain this year for the benchmark Canadian index.
The TSX Venture Exchange edged 4.36 points higher to 818.55.
The Canadian dollar rose 0.83 cent to 77.81 cents US after losing almost half a cent Monday to its lowest close since September 2004.

Of the ten sectors I follow on the Toronto market, all were higher except for the gold sector.
The S&P/TSX Global Gold Index tanked 7.37% as the April bullion contract in New York sank $22.10 to US$895.90 an ounce.
Minefinders Corporation Ltd. (MFL.WT) -19.35% to $2.50. Kinross Gold Corporation (K.WT.B) -12.67% to $2.62. US Gold Corporation (UXG) -12.10% to $2.18. Kinross Gold Corporation (K.WT.C) -10.91% to $4.41. Aquiline Resources Inc. (AQI) -10.10% to $2.58.

Roger Biduk;
The market also got support from energy stocks even as the price of crude oil moved lower.
The April crude contract on the New York Mercantile Exchange dropped 2.89% to $45.71 and natural gas lost .65% to $3.84 as the S&P/TSX Energy Index gained 2.93%.
Breaker Energy Ltd. (WAV) +9.30% to $2.350. Flint Energy Services Ltd. (FES) +7.11% to $5.12. Gran Tierra Energy Inc. (GTE) +6.17% to $3.27. Destiny Resource Services Corp (DSC) +6.00% to $2.12. Canadian Natural Resources Lim (CNQ) +5.99% to $46.00.
Avenir Diversified Income Trus (AVF.UN) -19.49% to $3.14. Paramount Resources Ltd. (POU)
-6.73% to $5.27. Badger Income Fund (BAD.UN) -5.95% to $10.90. Cathedral Energy Services Inco (CET.UN) -5.31% to $2.14.
Oil earlier had surged as high as US$48.32 as OPEC signalled another production cut is likely within days, but then pulled back after the U.S. Energy Department predicted oil will average US$42 a barrel this year and US$53 next year. A month ago, it had predicted prices of US$43 and US$55.

The S&P/TSX Capped Diversified Metals & Mining Index jumped 5.92% as aluminum gained 1.68%, copper gained 2.74% and silver fell 3.09% to $12.54.
Inmet Mining Corporation (IMN) +14.48% to $31.07. Quadra Mining Ltd. (QUA) +10.67% to $4.15. Teck Cominco Limited (TCK.B) +9.95% to $4.09. Breaker Energy Ltd. (WAV) +9.30% to $2.35. Athabasca Potash Inc. (API) +8.70% to $2.00. Flint Energy Services Ltd. (FES) +7.11% to $5.12. Potash Corporation of Saskatch (POT) +6.92% to $96.26.
Red Back Mining Inc. (RBI) -8.75% to $6.57. Fronteer Development Group Inc (FRG) -8.21% to $2.57. Pan American Silver Corp. (PAA) -6.88% to $16.51.
HudBay Minerals Inc. (TSX: HBM.TO) rose 19 cents to $5.90 after the resignation of Allen Palmiere as CEO, effective immediately. His departure comes as a major shareholder seeks to shake up the mining company's board after the collapse of HudBay's proposed merger with Lundin Mining Corp. (TSX: LUN.TO).

Roger Biduk;
The S&P/TSX Capped Financial Index soared 12.04%.
Life & Banc Split Corp. (LBS) +35.71% to $2.85. Allbanc Split Corp. II (ALB) +34.91% to $3.71. Canadian Life Companies Split (LFE) +33.97% to $2.09. Financial 15 Split Corp. (FTN) +31.45% to $3.26. R Split III Corp. (RBS) +24.29% to $4.35.
iShares CDN S&P/TSX Global Gol (XGD) -7.09% to $17.42. Birchcliff Energy Ltd. (BIR)
-7.02% to $4.90. Franco-Nevada Corporation (FNV) -5.79% to $24.73.

The S&P/TSX Capped Industrial Index jumped 6.60%.
TimberWest Forest Corp. (TWF.UN) +14.04% to $2.68. SNC - Lavalin Group Inc. (SNC) +11.63% to $31.59. Bombardier Inc. (BBD.B) +10.68% to $2.59. Seacliff Construction Corp. (SDC) +8.00% to $6.75. ATS Automation Tooling Systems (ATA) +7.97% to $3.25.

The S&P/TSX Capped Utilities Index rose .31%.

The S&P/TSX Consumer Discretionary Index was 4.17% higher and the S&P/TSX Consumer Staples Index gained .44%.
Gildan Activewear Inc. (GIL) +7.43% to $8.10. Richards Packaging Income Fund (RPI.UN) +7.39% to $2.76. Hammond Power Solutions Inc. (HPS.A) +6.75% to $7.75. Cascades Inc. (CAS) +6.15% to $2.07.

The S&P/TSX Capped Health Care Index was higher by 3.80%.
Biovail Corporation (BVF) +6.37% to $14.20. BioMS Medical Corp. (MS) +5.29% to $2.39.

Roger Biduk;
In the service sector:
Great Canadian Gaming Corporat (GC) +12.29% to $2.65. Stantec Inc. (STN) +11.83% to $21.17. Transcontinental Inc. (TCL.A) +11.11% to $6.20. Wajax Income Fund (WJX.UN) +10.00% to $12.10. Cargojet Income Fund (CJT.UN) +8.89% to $2.45.
Second Cup Royalty Income Fund (SCU.UN) -7.96% to $4.51. Trimac Income Fund (TMA.UN)
-9.05% to $2.01.

The S&P/TSX Capped Information Technology Index gained 3.39% and the S&P/TSX Capped Telecom Services Index was 3.72% higher. 5N Plus Inc. (VNP) +13.36% to $5.09. Tundra Semiconductor Corporati (TUN) +9.62% to $2.85. Research in Motion Limited (RIM) +9.47% to $50.30. Celestica Inc. (CLS) +7.04% to $3.65.

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