Roger Biduk; Financials & Energy Sink Bay Street

Roger Biduk;

The TSX closed sharply lower Tuesday, but still hung on to most of the huge 452-point runup from the previous session.

The S&P/TSX Capped Health Care Index was lower by 0.60%.
IMRIS Inc. (IM) +17.15% to $2.80.

In the service sector:
MacDonald, Dettwiler and Assoc (MDA) +8.53% to $25.45. Reitmans (Canada) Limited (RET.A) +7.45% to $11.39. Stantec Inc. (STN) +7.28% to $23.43. Alimentation Couche-Tard Inc. (ATD.B) +6.12% to $12.65. New Flyer Industries Inc. (NFI.UN) +6.11% to $9.38.
ACE Aviation Holdings Inc. (ACE.A) -5.98% to $5.66. Mullen Group Income Fund (MTL.UN)
-5.28% to $9.51.

Toronto's S&P/TSX composite index was well off the lows of the session, recovering from an early deficit of about 200 points to close down 109.12 points to 8,849.39, with losses led by energy and financial stocks.
The TSX Venture Exchange inched 0.26 of a point higher to 924.29.
The Canadian dollar slipped 0.62 cent to 81.18 cents US.

Roger Biduk;
The S&P/TSX Global Gold Index lost 1.38% as the April bullion contract in New York sank $28.70 to US$923.80 an ounce.
NovaGold Resources Inc (NG) +9.00% to $3.15. Semafo Inc. (SMF) +5.66% to $2.24. Richmont Mines Inc. (RIC) +5.26% to $4.00.
First Quantum Minerals Ltd. (FM) -13.55% to $36.50. European Goldfields Limited (EGU) -6.61% to $3.39. Gabriel Resources Ltd. (GBU) -6.18% to $2.58. Greystar Resources Ltd. (GSL) -6.15% to $3.66. Moto Goldmines Limited (MGL) -5.78% to $2.77.

The strong showing on the TSX Monday extended a two-week rally as the U.S. government detailed a plan to support private investors in taking over as much as US$1 trillion in bad loans from American banks.

The S&P/TSX Consumer Discretionary Index was 0.16% higher and the S&P/TSX Consumer Staples Index lost 0.16%.
Linamar Corporation (LNR) +5.06% to $2.70.

The TSX is up 17 per cent from the trough of March 9 - but still underwater year-to-date and down dramatically from last June's peak of just over 15,000.

Roger Biduk;
S&P/TSX Capped Diversified Metals & Mining Index lost 1.89% as aluminum fell 2.65%, copper lost 1.90% and silver was 3.73% lower to $13.36.
HudBay Minerals Inc. (TSX:HBM) ran up 20 cents to $6 after dissident investors won control of the mining company following a bitter proxy battle.
Uranium One Inc. (UUU) +9.59% to $2.97. Altius Minerals Corporation (ALS) +5.96% to $7.11.
First Quantum Minerals Ltd. (FM) -13.55% to $36.50. Fronteer Development Group Inc (FRG) -6.67% to $3.08.

The S&P/TSX Capped Financial Index, which had surged 34 per cent from the March 9 trough, lost 2.03%.
Kingsway Financial Services In (KFS) +11.11% to $2.50. DiversiTrust Income Fund (DTF.UN) +9.56% to $7.45. Claymore S&P/TSX Global Mining (CMW.A) +8.73% to $14.69. DPF India Opportunities Fund (DPF.UN) +7.42% to $2.75. Brookfield Asset Management In (BAM.PR.B) +6.31% to $8.25.
Dundee Corporation (DC.A) -5.84% to $5.00. Uranium Participation Corporat (U) -5.70% to $6.45. Freehold Royalty Trust (FRU.UN) -5.58% to $9.30. AGF Management Limited (AGF.B) -5.26% to $8.29. Brascan SoundVest Rising Distr (BSD.PR.A) -5.09% to $5.03.

The April crude contract on the New York Mercantile Exchange gained 0.33% to $53.98 and natural gas rose 1.46% to $4.44 as the S&P/TSX Energy Index lost 2.72%.
Oil has risen more than 30 per cent this month as the U.S. dollar weakened and as traders wagered that the slide in the world's economy could be slowing. Oil had fallen in recent months as traders feared that economic weakness would crimp demand.
Cathedral Energy Services Inco (CET.UN) +14.86% to $4.02. Flint Energy Services Ltd. (FES) +7.20% to $6.85.Verenex Energy Inc. (VNX) +6.31% to $9.10.
West Energy Ltd. (WTL) -8.98% to $2.23. Crew Energy Inc. (CR) -8.92% to $4.39. Galleon Energy Inc. (GO) -8.72% to $3.77. Suncor Energy Inc. (SU) -7.29% to $28.50. Trican Well Service Ltd. (TCW) -5.85% to $6.92.

Roger Biduk;
The S&P/TSX Capped Information Technology Index rose 1.54% and the S&P/TSX Capped Telecom Services Index gained 0.91%.
5N Plus Inc. (VNP) +12.19% to $5.80. March Networks Corporation (MN) +7.83% to $2.48.
Torstar Corporation (TS.B) -5.21% to $4.91.
Shaw Communications Inc. (TSX:SJR.B) slipped 10 cents to $19.99 as it reported subscriber growth in all its services, including an 11 per cent rise in digital TV clients.

The S&P/TSX Capped Utilities Index gained 0.10%.

S&P/TSX Capped Industrial Index gained 0.42%.
JDS Uniphase Canada Ltd. (JDU) +10.02% to $4.83. TimberWest Forest Corp. (TWF.UN) +5.35% to $2.56. Newalta Inc. (NAL) -8.70% to $2.31.

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