Roger Biduk; Five in a Row for Bay Street.

Roger Biduk;

The Toronto stock market again rallied Monday with gains again led by banks and insurance companies as fresh hopes the recession could end during 2009 extended sharp gains to a fifth day.

Toronto's S&P/TSX composite index gave up more than half of early gains but still closed up 83.32 points to 8,386.71 after a string of good news from the American financial sector pushed the main index almost 10 per cent higher last week.
The TSX Venture Exchange was off 1.65 points to 847.32.
The Canadian dollar dipped 0.07 cent to 78.52 cents US amid further indications of a rapidly slowing economy.

Statistics Canada reported that industries operated at 74.7 per cent of their capacity in the fourth quarter of 2008, down from 78.1 in the third quarter and the lowest capacity utilization rate since the federal agency began keeping records in 1987.
The agency said the fourth-quarter decline was driven mainly by weak domestic and foreign demand for manufactured goods.

Roger Biduk;
The S&P/TSX Capped Financial Index gained 2.32%.
Homburg Invest Inc. (HII.A) +21.74% to $7.00. Dundee Corporation (DC.A) +18.18% to $5.33. Life & Banc Split Corp. (LBS) +17.79% to $4.70. Canadian Life Companies Split (LFE) +17.43% to $2.83. Copernican World Banks Split I (CBW.PR.A) +17.27% to $2.58.

Hopes that an early end to the recession would boost commodity prices sent the S&P/TSX Capped Diversified Metals & Mining Index higher by 4.69% as aluminum gained .81%, copper jumped 4.96% higher and silver dropped 2.46% to $13.22.
Ivanhoe Mines Ltd. (IVN) +12.08% to $5.94. Athabasca Potash Inc. (API) +7.88% to $2.19.
Uranium One Inc. (TSX:UUU) had a net loss of US$258.8 million in its fourth quarter, capping off a year of major losses as the company wrote down mineral interests, plants and equipment. Its shares were down one cent to $2.24.

Industrials were also strong as the S&P/TSX Capped Industrial Index rose 2.25%.
Churchill Corporation (The) (CUQ) +10.13% to $7.50. Bombardier Inc. (BBD.B) +5.76% to $2.94. ATS Automation Tooling Systems (ATA) +5.68% to $3.72.
Sino-Forest Corporation (TRE) -6.53% to $8.02.

Roger Biduk;
The energy sector participated in the upsurge after crude prices reversed course, rising one per cent as the April crude contract on the New York Mercantile Exchange gained $1.10 to US$47.35 a barrel. Prices went as low as US$43.62 during the morning in the wake of OPEC's weekend decision to maintain production at current levels. EnCana Corp. (TSX:ECA) rose 46 cents to $50.05 while Canadian Oil Sands Trust (TSX:COS.UN) gained 93 cents to $23.71.
Crescent Point Energy Trust (TSX:CPG.UN) units fell 10 cents to $24.48 after it reported fourth-quarter net income of $361.4 million on record quarterly production, compared to a year-earlier loss of $90.3 million.

The gold sector was the only major decliner. The S&P/TSX Global Gold Index lost 1.64% as the April bullion contract in New York slumped $8.10 to US$922.00 an ounce.
Minefinders Corporation Ltd. (MFL.WT) +23.88% to $4.15. Imperial Metals Corporation (III) +15.91% to $2.55. Greystar Resources Ltd. (GSL) +14.56% to $3.54. Gabriel Resources Ltd. (GBU) +6.80% to $2.67. Kirkland Lake Gold Inc. (KGI) +6.75% to $6.17.
Keegan Resources Inc. (KGN) -9.39% to $2.22. US Gold Corporation (UXG) -7.50% to $2.22. Alamos Gold Inc. (AGI) -5.49% to $7.75.

The S&P/TSX Capped Utilities Index gained .53%.

The S&P/TSX Consumer Discretionary Index was 1.96% higher and the S&P/TSX Consumer Staples Index gained .21%.
Linamar Corporation (LNR) -9.62% to $2.35.

Roger Biduk;
The S&P/TSX Capped Health Care Index was higher by 1.81%.
Cangene Corporation (CNJ) -13.55% to $4.02.

In the service sector:
Forzani Group Ltd. (The) (FGL) +10.04% to $8.66. MacDonald, Dettwiler and Assoc (MDA) +8.73% to $21.42. TransForce Inc. (TFI) +7.57% to $3.98. Transat A.T. Inc (TRZ.A) +7.51% to $6.87. ACE Aviation Holdings Inc. (ACE.A) +7.30% to $6.32.
Shares in convenience store chain Alimentation Couche-Tard (TSX:ATD.B) rose 15 cents to $13.12 after it reported that third-quarter profits surged 40.8 per cent to $71.1 million despite lower U.S. fuel sales.
Transcontinental Inc. (TCL.A) -7.67% to $6.02. Cargojet Income Fund (CJT.UN) -7.20% to $2.32.

The S&P/TSX Capped Information Technology Index lost .38% and the S&P/TSX Capped Telecom Services Index was 2.19% higher.
Aastra Technologies Limited (AAH) +5.70% to $19.66. March Networks Corporation (MN) +5.61% to $2.26. RuggedCom Inc. (RCM) +5.46% to $21.44. SXC Health Solutions Corp. (SXC) +5.23% to $27.15.
Shares in Rogers Communications Inc. (TSX:RCI.B) were up 84 cents to $29.13 following a report that Nadir Mohamed will become the next CEO, elevating the long-time telecom executive to the position left open by the death of Ted Rogers.

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