Roger Biduk; Bay Street Higher for Sixth Week

Roger Biduk

Toronto's S&P/TSX composite index moved up 94.28 points to 9,437.65.
The TSX Venture Exchange edged up 7.1 points to 989.23.

The S&P/TSX Capped Financial Index, was higher today by 2.14%.
BNS Split Corp. II (BSC) +8.46% to $7.05. Brookfield Properties Corporat (BPO) +6.70% to $9.40. Coventree Inc. (COF) +6.67% to $4.00. Financial 15 Split Corp. (FTN.PR.A) +6.26% to $8.49. Franco-Nevada Corporation (FNV.WT) +5.95% to $4.45.
Canexus Income Fund (CUS.UN) -5.78% to $3.10. AGF Management Limited (AGF.B) -5.68% to $10.63. Dynasty Metals & Mining Inc. (DMM) -5.36% to $4.59.

The Canadian dollar was down 0.37 of a cent to 82.3 cents U.S. amid signs of lower inflation. Statistics Canada reported that the headline inflation rate dipped to 1.2 per cent in March.

The S&P/TSX Consumer Discretionary Index was 0.89% higher and the S&P/TSX Consumer Staples Index rose 0.09%.
Linamar Corporation (LNR) +5.38% to $3.92. Gildan Activewear Inc. (GIL) +5.63% to $15.38.

Roger Biduk
The TSX was up 251 points or 2.7 per cent for this week.
The rally which started March 10 has sent the TSX and the Dow industrials up by about 24%.

The April crude contract on the New York Mercantile Exchange gained 0.70% to $50.35 and natural gas was up 3.61% to $3.73 as the S&P/TSX Energy Index rose 1.60%.
Stoneham Drilling Trust (SDG.UN) +59.35% to $2.47. Cathedral Energy Services Inco (CET.UN) +14.61% to $4.00. Corridor Resources Inc. (CDH) +14.29% to $2.40. Trinidad Drilling Ltd. (TDG) +10.19% to $4.54. Paramount Energy Trust (PMT.UN) +9.89% to $3.89.
OPTI Canada Inc. (OPC) -5.83% to $2.10.
The board of UTS Energy Corp. (TSX:UTS) formally recommended that shareholders reject an improved hostile takeover bid from French oil giant Total SA. Total raised its offer earlier in the week from $1.30 per share to $1.75 per share. UTS stock was unchanged at $1.83.

The S&P/TSX Capped Industrials Index was up 2.03%.
JDS Uniphase Canada Ltd. (JDU) +12.12% to $5.83. Newalta Inc. (NAL) +10.17% to $3.90. Canfor Corporation (CFP) +9.98% to $5.62. Churchill Corporation (The) (CUQ) +5.38% to $9.79.
Ballard Power Systems Inc. (BLD) -11.72% to $2.56.

Roger Biduk
The retail cost of food was up 7.9 per cent from a year ago, the biggest rise since 1986, but this was offset by lower gasoline prices. Core inflation was exactly on the Bank of Canada's target of two per cent.

The S&P/TSX Capped Telecom Services Index was 0.33% higher and the S&P/TSX Capped Information Technology Index rose 0.50%.
CryptoLogic Limited (CRY) -5.94% to $6.18. Gennum Corporation (GND) -9.43% to $4.80.
Tundra Semiconductor Corporati (TUN) +13.94% to $5.64. Torstar Corporation (TS.B) +7.27% to $5.90.

S&P/TSX Capped Diversified Metals & Mining Index declined 0.04% as aluminum was flat, copper was 0.85% higher at $2.20 and silver lost 3.79% at $11.79.
The S&P/TSX Capped Utilities Index gained 0.84%.
Gerdau AmeriSteel Corporation (GNA) +6.44% to $5.95. Timminco Limited (TIM) +5.56% to $3.80. Athabasca Potash Inc. (API) +5.00% to $3.36.
Silver Wheaton Corp. (SLW) -5.26% to $9.01. Equinox Minerals Limited (EQN) -5.12% to $2.04.

Roger Biduk
The S&P/TSX Global Gold Index fell 2.98% as the April bullion contract in New York fell $11.90 to US$867.90 an ounce.
Aquiline Resources Inc. (AQI) -10.00% to $2.43. Jaguar Mining Inc. (JAG) -6.79% to $6.04. Kinross Gold Corporation (K.WT.C) -5.63% to $3.35.

The S&P/TSX Capped Health Care Index was lower by 1.38%.

In the service sector:
World Energy Solutions Inc. (XWE) +14.75% to $7.00. Forzani Group Ltd. (The) (FGL) +10.24% to $12.27. Jazz Air Income Fund (JAZ.UN) +9.01% to $2.54.Canadian Pacific Railway Limit (CP) +6.88% to $42.10. TransForce Inc. (TFI) +6.40% to $3.99. Garda World Security Corporati (GW) -7.94% to $2.90.

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