Roger Biduk; Bay Street Higher on Financials

Roger Biduk;

The Toronto stock market surged for a second day Wednesday in another broad advance led by beaten-down Canadian banks and insurance companies.
Toronto's S&P/TSX composite index closed up 130.61 points to 8,011.02, after a 12 per cent surge in financials pushed the benchmark index up 313 points on Tuesday, the market's best day so far this year.
The TSX Venture Exchange ticked 5.35 points higher to 823.9.
The CDN$ fell 0.06 of a cent to 77.75 cents US.

The S&P/TSX Capped Financial Index gained 2.02.
NB Split Corp. (NBF) +10.81% to $4.10. Allbanc Split Corp. II (ALB) +10.24% to $4.09. Life & Banc Split Corp. (LBS) +10.18% to $3.14. GMP Capital Trust (GMP.UN) +9.67% to $5.90. Dividend 15 Split Corp. (DFN) +9.43% to $5.80.
World Financial Split Corp. (WFS) -10.96% to $2.03. Resverlogix Corp. (RVX) -9.61% to $3.01. Dundee Corporation (DC.A) -6.98% to $4.00. Savanna Energy Services Corp. (SVY) -5.54% to $4.09.
The TSX financial sector was up 2.2 per cent on the day as TD Bank (TSX:TD) rose $1.26 to $39.76 and Royal Bank (TSX:RY) gained 63 cents to $33.57.
Bank of Montreal (TSX:BMO) improved 39 cents to $30.10 as it announced a $200-million preferred share issue paying 6.5 per cent.

The April crude contract on the New York Mercantile Exchange dropped 2.65% to $45.71 and natural gas lost 1.09% to $3.80 as the S&P/TSX Energy Index lost .41%.
The U.S. Department of Energy reported that crude supplies climbed by 700,000 barrels last week against an expected drop of one million barrels.
Avenir Diversified Income Trus (AVF.UN) +6.37% to $3.34. Pacific Rubiales Energy Corp. (PRE) +6.17% to $4.30. Parkland Income Fund (PKI.UN) +5.76% to $7.35.
Paramount Energy Trust (PMT.UN) -8.14% to $2.71. Paramount Resources Ltd. (POU)
-7.59% to $4.87. Galleon Energy Inc. (GO) -5.74% to $2.30. Breaker Energy Ltd. (WAV)
-5.53% to $2.22.

Roger Biduk;
The S&P/TSX Global Gold Index jumped 6.07% as the April bullion contract in New York jumped $14.80 to US$910.70 an ounce.
Vista Gold Corp. (VGZ) +12.70% to $2.13. Greystar Resources Ltd. (GSL) +10.57% to $2.72. US Gold Corporation (UXG) +10.19% to $2.38. Alamos Gold Inc. (AGI) +8.93% to $8.05. Queenston Mining Inc. (QMI) +8.70% to $3.50.

The S&P/TSX Capped Diversified Metals & Mining Index gained 3.14% as aluminum gained 1.24%, copper lost 3.50% and silver rose 2.07% to $12.80.
Teck Cominco Limited (TCK.B) +12.47% to $4.60. Uranium One Inc. (UUU) +9.52% to $2.07. Agrium Inc. (AGU) +6.54% to $47.73. Migao Corporation (MGO) +5.54% to $5.72. Athabasca Potash Inc. (API) +5.50% to $2.11.

The S&P/TSX Capped Industrial Index rose 1.41%.
Bombardier Inc. (TSX:BBD.B) climbed 12 cents to $2.71 after it finalized a sale of 30 new CS100 jets for US$1.5 billion to Germany's Lufthansa.
Newalta Inc. (NAL) -9.00% to $2.63.

The S&P/TSX Capped Utilities Index rose .69%.

The S&P/TSX Consumer Discretionary Index was .13% higher and the S&P/TSX Consumer Staples Index lost .77%.
Gildan Activewear Inc. (GIL) +5.68% to $8.56.
Linamar Corporation (LNR) -9.47% to $2.20. Richards Packaging Income Fund (RPI.UN) -9.06% to $2.51. Winpak Ltd. (WPK) -6.45% to $6.53. ZCL Composites Inc. (ZCL) -5.38% to $4.40.

The S&P/TSX Capped Health Care Index was higher by .57.

Roger Biduk;
In the service sector:
Patheon Inc. (PTI) +18.78% to $2.53. Transcontinental Inc. (TCL.A) +7.19% to $6.71. Ag Growth Income Fund (AFN.UN) +6.54% to $19.39. RONA Inc. (RON) +5.44% to $10.86.
Transat A.T. Inc (TRZ.B) -9.87% to $6.85.

The S&P/TSX Capped Information Technology Index gained 2.49% and the S&P/TSX Capped Telecom Services Index was .78% lower. Descartes Systems Group Inc. (DSG) +10.79% to $3.08. Evertz Technologies Limited (ET) +10.09% to $11.67. Aastra Technologies Limited (AAH) +6.47% to $16.12.

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