Roger Biduk; Bay Street Lower on Oils and Financials

Roger Biduk,
The Toronto stock market handed in a negative finish for a second straight session Wednesday, pressured by the energy sector as oil prices fell while financials stepped back amid tepid reaction to major bond issues in the U.S. and Britain.

The S&P/TSX Global Gold Index jumped 3.18% as the April bullion contract in New York rose $12.00 to US$938.00 an ounce.
Jaguar Mining Inc. (JAG) +5.35% to $7.48. Kinross Gold Corporation (K.WT.C) +5.57% to $6.25. Alamos Gold Inc. (AGI) +5.95% to $8.90. Premier Gold Mines Limited (PG) +6.60% to $2.10. Richmont Mines Inc. (RIC) +7.50% to $4.30.
Banro Corporation (BAA) -6.41% to $2.19.

The S&P/TSX Consumer Discretionary Index was 0.90% lower and the S&P/TSX Consumer Staples Index lost 0.14%.

Toronto's S&P/TSX composite index stepped back from a 132-point surge to close down 51.95 points to 8,797.44.
The TSX Venture Exchange rose 24.75 points to 949.04.
The Canadian dollar gained 0.22 of a cent to 81.4 cents US.

The S&P/TSX Capped Health Care Index was lower by 0.60%.
Cangene Corporation (CNJ) +6.62% to $4.99.

In the service sector:
Groupe Aeroplan Inc. (AER) -7.69% to $8.40.

Roger Biduk;
Among TSX industrials, Magna International (TSX:MG.A) rose 58 cents to $34.59 after U.S. Sen. Charles Schumer said the company has agreed to discuss a last-minute aid package that could keep Magna from closing its New Process Gear plant in upstate New York.
The S&P/TSX Capped Industrial Index dropped 1.84%.
Newalta Inc. (NAL) +9.96% to $2.54. Bird Construction Income Fund (BDT.UN) +9.71% to $22.49. TimberWest Forest Corp. (TWF.UN) +9.38% to $2.80. Vector Aerospace Corporation (RNO) +8.54% to $4.45.
ATS Automation Tooling Systems (ATA) -6.33% to $3.550 Bombardier Inc. (BBD.B) -5.63% to $2.85. JDS Uniphase Canada Ltd. (JDU) -5.06% to $4.69.

The S&P/TSX Capped Information Technology Index rose 1.01% and the S&P/TSX Capped Telecom Services Index gained 0.30%.March Networks Corporation (MN) +16.13% to $2.88. Celestica Inc. (CLS) +12.11% to $4.35. EXFO Electro-Optical Engineeri (EXF) +5.53% to $4.39.
CGI Group Inc. (TSX:GIB.A) rose 26 cents to $10.01 after winning a 10-year, $182-million contract to manage information technology for the Foresters life insurance organization.

The April crude contract on the New York Mercantile Exchange lost 2.24% to $52.77 and natural gas sank .59% to $4.41 as the S&P/TSX Energy Index lost 1.10%.
New U.S. inventory figures showed crude supplies rose by 3.3 million barrels last week, about twice the amount expected.
Heritage Oil Corporation (HOC) +20.74% to $6.52. Paramount Resources Ltd. (POU) +14.26% to $6.33.
Gran Tierra Exchangeco Inc. (GTX) -5.65% to $3.34.
Meanwhile, Oilexco Inc. (TSXV:OIL), an insolvent Calgary-based international energy company, saw its shares plunge 57 per cent after it announced that British-based Premier Oil will acquire Oilexco's operating subsidiary for $505 million. Oilexco stock plunged 16 cents to close at 12 cents, a drop of 57 per cent in massive trading of more than 48 million shares, making the company the most active issue on the TSX Venture Exchange.

Roger Biduk;
S&P/TSX Capped Diversified Metals & Mining Index gained 1.40% as aluminum gained .39%, copper lost .17% and silver was 0.60% higher to $13.36.
Athabasca Potash Inc. (API) +16.23% to $3.08. Teck Cominco Limited (TCK.A) +11.28% to $10.16. Ivanhoe Mines Ltd. (IVN) +5.88% to $7.200. Red Back Mining Inc.(RBI) +5.47% to $8.49.
CIC Energy Corp. (ELC) -12.01% to $2.49. Uranium One Inc. (UUU) -6.73% to $2.77.

The S&P/TSX Capped Financial Index lost 1.64%.
Stone Agribusiness Fund (HAY.UN) +8.48% to $4.99. Noranda Income Fund (NIF.UN) +5.67% to $3.17.
Canadian Life Companies Split (LFE) -9.66% to $2.90. Chemtrade Logistics Income Fun (CHE.UN) -7.49% to $5.56. Dundee Corporation (DC.A) -5.00% to $4.75.

The S&P/TSX Capped Utilities Index lost 2.16%.

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