Roger Biduk; Bay Street Higher on Commodities

Roger Biduk;

Toronto's S&P/TSX composite index ran ahead 183.13 points to 7,814.75. This followed three days of losses that had carved more than 500 points from the index, sending it down to 2003 levels.
The TSX Venture Exchange added 6.88 points to 830.95.
The Canadian dollar rose 0.96 cent to 78.41 cents US.

The Toronto market benefited from rising energy and mining stocks on hopes China will hike demand and jolt commodity shares back to life.

The S&P/TSX Capped Diversified Metals & Mining Index jumped 4.09% as aluminum gained 2.48%, copper jumped 5.48% and silver rose 1.57% to $12.92.
Consolidated Thompson Iron Min (CLM) +35.06% to $2.35. Quadra Mining Ltd. (QUA) +10.79% to $3.80. Osisko Mining Corporation (OSK) +5.49% to $4.80.
New Gold Inc. (NGD) -10.87% to $2.05. Forsys Metals Corp. (FSY) -9.38% to $5.70. Silvercorp Metals Inc. (SVM) -5.54% to $2.56. Red Back Mining Inc. (RBI) -5.26% to $7.02.

Roger Biduk;
The April crude contract on the New York Mercantile Exchange soared 8.96% to $45.38 and natural gas gained 1.12% to $4.34 as the S&P/TSX Energy Index soared 6.59%. Prices got a lift after a report showed that oil inventories in the U.S. dipped last week and demand for gasoline continued to rise. The U.S. government's weekly supply report showed that crude stockpiles decreased by 700,000 barrels in the week ended Feb. 27, while analysts expected an increase of 2.2 million barrels.
Petrominerales Ltd. (PMG) +12.43% to $9.59. Galleon Energy Inc. (GO) +10.42% to $2.65. Husky Energy Inc. (HSE) +9.96% to $27.83. Bonavista Energy Trust (BNP.UN) +9.50% to $13.60. Paramount Resources Ltd. (POU) +8.71% to $5.49.
EnCana Corp. (TSX:ECA) gained $2.89 to $50.27 and Suncor Inc. (TSX:SU) advanced $1.98 to $26.99.

The S&P/TSX Capped Financial Index gained 2.53%.
Fairborne Energy Ltd. (FEL) +16.53% to $2.75. Baytex Energy Trust (BTE.UN) +13.50% to $12.36. H & R Real Estate Investment Trust (HR.UN) +13.38% to $7.37. Canadian Oil Sands Trust (COS.UN) +12.58% to $20.50. Birchcliff Energy Ltd. (BIR) +11.88% to $4.99.
Dividend 15 Split Corp. II (DF) -10.76% 2.57. Homburg Invest Inc. (HII.A) -7.58% 5.00. Laurentian Bank of Canada (LB) -6.92% 28.25. Franco-Nevada Corporation (FNV.WT) -5.93% to $5.39. Life & Banc Split Corp. (LBS) -5.49% 2.41.
Sun Life Financial (TSX:SLF) rose 54 cents to $17.98 following reports it is in talks to buy insurance assets from U.S.-based Hartford Financial Services Group.
Bank of Montreal (TSX:BMO) climbed 73 cents to $28.37 and Royal Bank (TSX:RY) advanced 92 cents to $30.58.
Laurentian Bank (TSX:LB) reported its first-quarter earnings rose to $25 million from $19.1 million a year ago, but its shares fell $2.10 to $28.25.

Roger Biduk;
The gold sector led the TSX lower as the S&P/TSX Global Gold Index lost 2.87% as the April bullion contract in New York lost $6.90 to US$906.70 an ounce.
First Quantum Minerals Ltd. (FM) +7.16% to $33.66. Guyana Goldfields Inc. (GUY) +5.28% to $2.79.
Barrick Gold Corp. (TSX:ABX) declined $1.46 to $35.25.
Agnico-Eagle Mines Ltd. (TSX:AEM) raised its estimate of gold reserves by eight per cent to 18.1 million ounces after spending $72 million on exploration last year. Its shares were off $2.09 to $60.20.

WestJet Airlines Ltd. (TSX:WJA) descended 71 cents to $11.24 after announcing that the weak economy and fare competition will hit its first-quarter results.

The S&P/TSX Capped Information Technology Index gained 1.10% and the S&P/TSX Capped Telecom Services Index was 2.40% higher.
SXC Health Solutions Corp. (SXC) +8.19% to $24.45. Mosaid Technologies Inc. (MSD) +6.31% to $11.12. 5N Plus Inc. (VNP) +6.02% to $5.46. Research in Motion Limited (RIM) +5.31% to $51.75. Aastra Technologies Limited (AAH) +5.19% to $15.40.
Torstar Corporation (TS.B) -5.49% to $4.30.

Roger Biduk;
The S&P/TSX Capped Industrial Index gained 2.51%.
Sino-Forest Corporation (TRE) +11.59% to $7.80. GLV Inc. (GLV.A) +10.04% to $6.25. SNC - Lavalin Group Inc. (SNC) +7.04% to $28.90. Toromont Industries Ltd. (TIH) +7.00% to $21.55.

The S&P/TSX Capped Utilities Index lost .06%.
Canadian Hydro Developers Inc. (KHD) +6.69% to $2.55.

The S&P/TSX Consumer Discretionary Index was 1.24% higher and the S&P/TSX Consumer Staples Index jumped 4.09%.
Gildan Activewear Inc. (GIL) -7.44% to $7.84.
Cascades Inc. (CAS) +6.84% to $2.03.

The S&P/TSX Capped Health Care Index was lower by 1.10%. Biovail Corporation (BVF) +6.00% to $14.32.

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