Roger Biduk; Four in a Row For Bay Street

Roger Biduk;
Stock markets enjoyed another positive session Friday, stretching a remarkable buying spree in Toronto and New York to four days, largely fuelled by good news from the financial sector.

While it certainly doesn’t happen all the time, I nailed it this week picking the financials.
The S&P/TSX Capped Financial Index gained .92% for a gain of 18.5% this week.
Brompton Lifeco Split Corp. (LCS) +85.19% to $2.00. Kingsway Financial Services In (KFS) +27.57% to $2.73. AGF Management Limited (AGF.B) +7.82% to $8.13. Artis Real Estate Investment T (AX.UN) +6.87% to $6.38. Macquarie Power & Infrastructu (MPT.UN) +6.30% to $4.89.
Alaris Royalty Corp. (AD) -21.76% to $5.25. Killam Properties Inc. (KMP) -6.93% to $4.70. Fairborne Energy Ltd. (FEL) -5.51% to $2.40.

Toronto's S&P/TSX composite index gained 21.12 points on the day to 8303.39, advancing 9.5 per cent for the week.
The TSX Venture Exchange rose 5.55 points to 848.97.
The Canadian dollar climbed 0.41% to 78.59 cents US despite the news that the unemployment rate jumped half a point to 7.7 per cent with the loss of 82,600 jobs in February. Statistics Canada also reported the country's trade deficit deepened to almost $1 billion in January. Observers didn't think the data had much effect on stock trading.

The S&P/TSX Global Gold Index gained .99% as the April bullion contract in New York rose $6.10 to US$930.10 an ounce.
Greystar Resources Ltd. (GSL) +10.36% to $3.09. Detour Gold Corporation (DGC) +7.57% to $9.24. Gabriel Resources Ltd. (GBU) +6.38% to $2.50.

Roger Biduk;
The April crude contract on the New York Mercantile Exchange dropped 1.68% to $46.25 and natural gas lost 1.58% to $3.93 as the S&P/TSX Energy Index sank .96%. This ahead of a meeting of OPEC Sunday. Traders wondered if the cartel will cut production to support prices, while the International Energy Agency lowered its estimate of global oil demand.
Akita Drilling Ltd. (AKT.A) +6.06% to $7.00. Petro Andina Resources Inc. (PAR) +5.12% to $5.95.
Calfrac Well Services Ltd. (CFW) -6.25% to $6.75. Pacific Rubiales Energy Corp. (PRE) -7.79% to $4.50.

In economic news, 83,000 workers lost their jobs in February, bringing total losses since the peak of last October to 295, Statistics Canada reported on Friday. The unemployment rate rose 0.5 percentage points to 7.7% in February.

The S&P/TSX Capped Diversified Metals & Mining Index lost 1.97% as aluminum gained .82%, copper was 2.46% higher and silver rose 2.10% to $13.22.
Aurora Energy Resources Inc. (AXU) +9.78% to $2.47. Detour Gold Corporation (DGC) +7.57% to $9.24. CIC Energy Corp. (ELC) +7.46% to $2.16.
Forsys Metals Corp. (FSY) -29.52% to $3.70. Athabasca Potash Inc. (API) -5.58% to $2.03. Quadra Mining Ltd. (QUA) -5.18% to $4.21.
Ivanhoe Mines Ltd. (IVN) -14.38% to $5.30 after the Mongolian parliament put off discussions about its Oyu Tolgoi copper-gold complex until next month.

Roger Biduk;
The S&P/TSX Capped Industrial Index lost .48%.
Newalta Inc. (NAL) +17.20% to $2.93.
GLV Inc. (GLV.A) -11.31% to $5.41.

Separately, Canada’s trade deficit widened to C$993 million in January from C$652 million in December, as both exports and imports fell, led by a sharp decline in automotive products trade, the statistics office reported. Overall, exports fell 9.0% to C$31.7 billion, while imports fell 7.9% to C$32.7 billion, the data showed.

The S&P/TSX Capped Utilities Index gained .21%.

The S&P/TSX Consumer Discretionary Index was .40% lower and the S&P/TSX Consumer Staples Index lost .57%.
Linamar Corporation (LNR) +6.12% to $2.60.

Roger Biduk;
The S&P/TSX Capped Health Care Index was lower by 1.74%.
QLT Inc. (QLT) +11.00% to $2.22.
Cangene Corporation (CNJ) -15.96% to $4.79.

In the service sector:
TransForce Inc. (TFI) +9.14% to $3.70. Trimac Income Fund (TMA.UN) +7.50% to $2.15. Forzani Group Ltd. (The) (FGL) +7.07% to $7.87. New Flyer Industries Inc. (NFI.UN) +5.51% to $7.85. Ag Growth Income Fund (AFN.UN) +5.32% to 20.80.
Transcontinental Inc. (TCL.A) -6.86% to $6.52.

The S&P/TSX Capped Information Technology Index lost .38% and the S&P/TSX Capped Telecom Services Index was 2.19% higher.
EXFO Electro-Optical Engineeri (EXF) +13.39% to $3.81. Torstar Corporation (TS.B) +9.47% to $5.200. Enghouse Systems Limited (ESL) +9.17% to $5.00. Aastra Technologies Limited (AAH) +7.83% to $18.60. Tundra Semiconductor Corporati (TUN) +5.26% to $3.00.

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