Roger Biduk
Stock markets dropped heavily on Monday as crude oil prices fell to the lowest level since mid-March and fears grew that big American banks are burdened by swelling bad debts.
The S&P/TSX Capped Financial Index sank 5.06%.
Franco-Nevada Corporation (FNV) +5.36% to $25.150.
Savanna Energy Services Corp. (SVY) -14.43% to $5.220. Canadian Life Companies Split (LFE) -11.96% to $4.27. Dundee Corporation (DC.A) -11.74% to $5.34. Birchcliff Energy Ltd. (BIR) -11.19% to $5.95. Brookfield Properties Corp. (BPO) -10.11% to $8.45.
Renewed worries about the U.S. banks came on word that their lending remains tight and anxiety that Washington may take big ownership stakes in banks as its $700-billion bailout fund runs down.
The S&P/TSX Capped Health Care Index was lower by 1.44%.
Theratechnologies Inc. (TH) -8.58% to $2.77.
Roger Biduk
Toronto's S&P/TSX composite index fell 311.50 points to 9,126.15, with the energy and base metals sectors contributing most to the drag.
The TSX Venture Exchange ended down 13.80 points to 975.43.
The Canadian dollar fell 1.56 cents to 80.74 cents US.
The April crude contract on the New York Mercantile Exchange tanked 8.84% to $45.88 and natural gas was down 5.05% to $3.67 as the S&P/TSX Energy Index sank 6.48%.
Eveready Inc. (EIS) +13.88% to $2.79. Heritage Oil Corporation (HOC) +8.82% to $7.40.
Ensign Energy Services Inc. (ESI) -13.23% to $12.00. Xtreme Coil Drilling Corp. (XDC)
-11.06% to $2.09. Trican Well Service Ltd. (TCW) -10.48% to $8.54. Galleon Energy Inc. (GO)
-10.40% to $4.48. Highpine Oil & Gas Limited (HPX) -10.37% to $5.53.
Precision Drilling Trust units (TSX:PD.UN) lost 8% to $4.52 on news that an Alberta government investment vehicle is taking a 15 per cent stake in the oilfield services trust. The $380 million financing is to enable Precision to restructure debt.
S&P/TSX Capped Diversified Metals & Mining Index tanked 10.13% as aluminum fell 2.96%, copper was 4.21% lower at $2.11 and silver gained 2.67% to $12.11.
Red Back Mining Inc. (RBI) +8.73% to $7.60.
Teck Cominco Limited (TCK.B) -14.78% to $9.11. First Quantum Minerals Ltd. (FM) -12.53% to $38.05. Gerdau AmeriSteel Corporation (GNA) -11.76% to $5.25. Quadra Mining Ltd. (QUA)
-9.95% to $5.52.
Timminco Ltd. (TSX:TIM) lost 38% to $2.36 after the company said some customers for its solar-panel-grade silicon are asserting that their contracts have been terminated and they want their deposits back. Timminco also is considering a $15-million equity private placement.
Roger Biduk
The S&P/TSX Capped Industrials Index was down 3.02%.
Bird Construction Income Fund (BDT.UN) -9.59% to $21.50. Ballard Power Systems Inc. (BLD)
-9.27% to $2.35. Churchill Corporation (The) (CUQ) -8.07% to $9.00. ADF Group Inc. (DRX)
-6.02% to $2.03. ATS Automation Tooling Systems (ATA) -5.02% to $3.97.
Martinrea International Inc. (TSX:MRE) is taking advantage of the insolvency of SKD Co. to pay $3 million for factory equipment and other assets which in better times produced $125 million in annualized revenue. The auto parts maker's stock gained a penny to $3.91.
The S&P/TSX Capped Telecom Services Index was 1.93% lower and the S&P/TSX Capped Information Technology Index fell 3.10%.
CryptoLogic Limited (CRY) +5.18% to $6.50.
5N Plus Inc. (VNP) -11.43% to $5.50. Celestica Inc. (CLS) -8.00% to $5.52. Gennum Corporation (GND) -6.46% to $4.49.
MI Developments Inc. (TSX:MIM.A) has exited its bid to buy insolvent racetrack operator Magna Entertainment Corp., and has reduced its debtor-in-possession financing for the subsidiary's restructuring. MID shares gained seven cents to $8.72.
Roger Biduk
The S&P/TSX Consumer Discretionary Index was 2.44% lower and the S&P/TSX Consumer Staples Index fell 0.66%.
Arctic Glacier Income Fund (AG.UN) +45.35% to $2.50.
Inscape Corporation (INQ) -8.70% to $2.10.
The S&P/TSX Capped Utilities Index fell 0.34%.
The S&P/TSX Global Gold Index soared 6.65% as the April bullion contract in New York rose $19.60 to US$887.50 an ounce.
Agnico-Eagle Mines Ltd. (AEM) +10.55% to $58.59. Kinross Gold Corporation (K) +8.97% to $18.23. Richmont Mines Inc. (RIC) +8.89% to $3.92. Barrick Gold Corporation (ABX) +8.39% to $36.16. Yamana Gold Inc. (YRI) +7.66% to $9.70.
First Quantum Minerals Ltd. (FM) -12.53% to $38.05. Imperial Metals Corporation (III)
-7.89% to $3.85.
In the Service sector: Forzani Group Ltd. (The) (FGL) -10.43% to $10.99. Wajax Income Fund (WJX.UN) -7.78% to $13.510. Garda World Security Corporati (GW) -6.55% to $2.71. MacDonald, Dettwiler and Assoc (MDA) -6.47% to $25.140. Great Canadian Gaming Corporat (GC) -6.36% to $3.24.
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Monday, April 20, 2009
Saturday, April 18, 2009
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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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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Wednesday, April 15, 2009
Roger Biduk; Financials Lift Bay Street
Roger Biduk.
A late day burst of strength from the financial sector sent the Toronto stock market slightly higher Wednesday.
The S&P/TSX Capped Financial Index, was higher today by 1.06%.
AGF Management Limited (AGF.B) +15.03% to $9.95. Sun Gro Horticulture Income Fu (GRO.UN) +13.64% to $2.50. STRATA Income Fund (STW.UN) +7.83% to $2.34. Fairfax Financial Holdings Lim (FFH) +5.80% to $327.99. Uranium Participation Corporat (U) +5.03% to $7.10.
Toronto's S&P/TSX composite index closed 14.49 points higher at 9,246.11.
The TSX Venture Exchange gained 11.02 points to 987.94 while the CDN$ was up 0.74 of a cent to 83.11 cents US.
The showing still leaves the TSX up about 20 per cent from a spring rally that got under way March 10, after indexes reached multi-year lows.
Roger Biduk
The S&P/TSX Consumer Discretionary Index was 0.18% lower and the S&P/TSX Consumer Staples Index rose 0.42%.
The U.S. Energy Department said that crude inventories grew by 5.6 million barrels, or 1.6 per cent, to 366.7 million barrels, which is 16.5 per cent above year-ago levels. That's the highest level since 1990 and more than twice the increase that had been expected.
The April crude contract on the New York Mercantile Exchange lost 0.32% to $49.25 and natural gas was up 0.11% to $3.69 as the S&P/TSX Energy Index fell 0.59%. There’s indications that falling demand is lifting U.S. crude stocks far more than expected.
OPTI Canada Inc. (OPC) +7.04% to $2.28. Vero Energy Inc. (VRO) +6.93% to 4.01. Phoenix Technology Income Fund (PHX.UN) +5.44% to $8.14.
Addax Petroleum Corporation (AXC) -5.21% to $31.27. Petrominerales Ltd. (PMG) -6.85% to $10.20.
The S&P/TSX Capped Industrials Index was up 0.01%.
Ballard Power Systems Inc. (BLD) +8.15% to $2.92. TimberWest Forest Corp. (TWF.UN) +5.02% to $3.35.
Roger Biduk
The S&P/TSX Capped Telecom Services Index was 1.36% higher.
Canwest Global Communications Corp. (TSX:CGS) said Tuesday that its Canwest Media Inc. subsidiary has been given another extension on a US$30.4-million interest payment that was due on its debt. The deal gives the company until April 21, the same deadline set by the company's senior lenders, to come up with a solution. Its shares rose two cents to 25 cents Cdn.
The S&P/TSX Capped Information Technology Index fell 1.01%.
Gennum Corporation (GND) +11.41% to $5.37.
S&P/TSX Capped Diversified Metals & Mining Index gained 0.86% as aluminum fell 1.79%, copper was 3.78% higher at $2.21 and silver gained 0.27% at $12.80.
Athabasca Potash Inc. (API) +9.86% to $3.23. Uranium One Inc. (UUU) +5.40% to $2.93.
Roger Biduk
The S&P/TSX Capped Utilities Index gained 0.01%.
Canadian Hydro Developers Inc (KHD) -7.86% to $2.58.
The S&P/TSX Global Gold Index rose 0.14% as the April bullion contract in New York fell $1.50 to US$893.50 an ounce.
Centerra Gold Inc. (CG) +7.68% $5.19. Jaguar Mining Inc. (JAG) +7.35% to $6.57.
NovaGold Resources Inc (NG) -5.76% to $3.11. Banro Corporation (BAA) -7.34% to $2.40.
Shares in developing gold miner NovaGold Resources Inc. (TSX:NG) declined 19 cents to C$3.11 after the company posted a first-quarter loss of $28.5 million versus year-ago profit of $24.2 million.
The S&P/TSX Capped Health Care Index was lower by 1.32%.
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A late day burst of strength from the financial sector sent the Toronto stock market slightly higher Wednesday.
The S&P/TSX Capped Financial Index, was higher today by 1.06%.
AGF Management Limited (AGF.B) +15.03% to $9.95. Sun Gro Horticulture Income Fu (GRO.UN) +13.64% to $2.50. STRATA Income Fund (STW.UN) +7.83% to $2.34. Fairfax Financial Holdings Lim (FFH) +5.80% to $327.99. Uranium Participation Corporat (U) +5.03% to $7.10.
Toronto's S&P/TSX composite index closed 14.49 points higher at 9,246.11.
The TSX Venture Exchange gained 11.02 points to 987.94 while the CDN$ was up 0.74 of a cent to 83.11 cents US.
The showing still leaves the TSX up about 20 per cent from a spring rally that got under way March 10, after indexes reached multi-year lows.
Roger Biduk
The S&P/TSX Consumer Discretionary Index was 0.18% lower and the S&P/TSX Consumer Staples Index rose 0.42%.
The U.S. Energy Department said that crude inventories grew by 5.6 million barrels, or 1.6 per cent, to 366.7 million barrels, which is 16.5 per cent above year-ago levels. That's the highest level since 1990 and more than twice the increase that had been expected.
The April crude contract on the New York Mercantile Exchange lost 0.32% to $49.25 and natural gas was up 0.11% to $3.69 as the S&P/TSX Energy Index fell 0.59%. There’s indications that falling demand is lifting U.S. crude stocks far more than expected.
OPTI Canada Inc. (OPC) +7.04% to $2.28. Vero Energy Inc. (VRO) +6.93% to 4.01. Phoenix Technology Income Fund (PHX.UN) +5.44% to $8.14.
Addax Petroleum Corporation (AXC) -5.21% to $31.27. Petrominerales Ltd. (PMG) -6.85% to $10.20.
The S&P/TSX Capped Industrials Index was up 0.01%.
Ballard Power Systems Inc. (BLD) +8.15% to $2.92. TimberWest Forest Corp. (TWF.UN) +5.02% to $3.35.
Roger Biduk
The S&P/TSX Capped Telecom Services Index was 1.36% higher.
Canwest Global Communications Corp. (TSX:CGS) said Tuesday that its Canwest Media Inc. subsidiary has been given another extension on a US$30.4-million interest payment that was due on its debt. The deal gives the company until April 21, the same deadline set by the company's senior lenders, to come up with a solution. Its shares rose two cents to 25 cents Cdn.
The S&P/TSX Capped Information Technology Index fell 1.01%.
Gennum Corporation (GND) +11.41% to $5.37.
S&P/TSX Capped Diversified Metals & Mining Index gained 0.86% as aluminum fell 1.79%, copper was 3.78% higher at $2.21 and silver gained 0.27% at $12.80.
Athabasca Potash Inc. (API) +9.86% to $3.23. Uranium One Inc. (UUU) +5.40% to $2.93.
Roger Biduk
The S&P/TSX Capped Utilities Index gained 0.01%.
Canadian Hydro Developers Inc (KHD) -7.86% to $2.58.
The S&P/TSX Global Gold Index rose 0.14% as the April bullion contract in New York fell $1.50 to US$893.50 an ounce.
Centerra Gold Inc. (CG) +7.68% $5.19. Jaguar Mining Inc. (JAG) +7.35% to $6.57.
NovaGold Resources Inc (NG) -5.76% to $3.11. Banro Corporation (BAA) -7.34% to $2.40.
Shares in developing gold miner NovaGold Resources Inc. (TSX:NG) declined 19 cents to C$3.11 after the company posted a first-quarter loss of $28.5 million versus year-ago profit of $24.2 million.
The S&P/TSX Capped Health Care Index was lower by 1.32%.
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Tuesday, April 14, 2009
Roger Biduk; Commodities Lower as Bay Street Drops
Roger Biduk;
Stock markets closed lower Tuesday after a surprisingly weak U.S. retail sales report helped persuade investors to take some profits from the spring rally.
The S&P/TSX Consumer Discretionary Index was 0.14% lower and the S&P/TSX Consumer Staples Index rose 0.64%.
Cascades Inc. (CAS) +5.93% to $2.86. Linamar Corporation (LNR) +5.07% to $3.73.
Toronto's S&P/TSX composite index closed 54 points lower at 9,231.62 led by declines in commodity stocks.
Still, the main TSX index is up more than 20 per cent since the start of the current rally March 10.
The TSX Venture Exchange was down 3.94 points to 976.92 while the Canadian dollar was up 0.36 of a cent to 82.37 U.S.
Roger Biduk;
The energy sector was the biggest TSX drag The April crude contract on the New York Mercantile Exchange lost 1.28% to $49.41 and natural gas was up 1.67% to $3.71 as the S&P/TSX Energy Index fell 2.09%.
Bankers Petroleum Ltd. (BNK) +15.64% to $2.07. OPTI Canada Inc. (OPC) +15.14% to $2.13. Crew Energy Inc. (CR) +9.98% to $5.18. Trinidad Drilling Ltd. (TDG) +9.86% to $3.90. NuVista Energy Ltd. (NVA) +7.65% to $7.18.
The industrials sector was also weak, The S&P/TSX Capped Industrials Index was down 1.71%.
Ballard Power Systems Inc. (BLD) -8.11% to $2.72.
International Forest Products (IFP.A) +8.70% to $2.50. Sino-Forest Corporation (TRE) +6.81% to $10.20. Canfor Corporation (CFP) +6.08% to $5.06. Newalta Inc. (NAL) +5.14% to $3.48. West Fraser Timber Co Ltd. (WFT) +5.04% to $24.99.
The telecom sector was weak as the S&P/TSX Capped Telecom Services Index was 1.14% lower.
Shares in Telus Corp. (TSX:T) fell back $1 to $30 after it said Tuesday its capital spending this year includes $700 million focused on wireless and wireline broadband infrastructure in Alberta. Overall capital investment planned by Canada's second-largest telecommunications operator remains at the $2.05-billion figure confirmed in February.
Shares in Canwest Global Communications Corp. (TSX:CGS) were down two cents to 23 cents and earlier hit an all time low of 20 cents. The slide came after Moody's Investors Service downgraded Canwest Media Inc., a key part of the company, and said it's unlikely it will repay $30.4 million of interest due on Tuesday.
Roger Biduk;
The tech sector was the biggest gainer as the S&P/TSX Capped Information Technology Index rose 1.72%.
Torstar Corporation (TS.B) +7.29% to $5.59. Absolute Software Corporation (ABT) +6.67% to $5.12.
The S&P/TSX Capped Financial Index, was higher today by 0.15%.
Financial 15 Split Corp. II (FFN) +10.27% to $4.08. R Split III Corp. (RBS) +6.97% to $6.75. Global Uranium Fund Inc. (GUR) +6.80% to $2.20. Primaris Retail Real Estate In (PMZ.UN) +5.92% to $10.20. Dividend 15 Split Corp. (DFN) +5.50% to $7.86.
Energy Plus Income Trust (EPF.UN) -5.68% to $4.65.
S&P/TSX Capped Diversified Metals & Mining Index dropped 2.40% as aluminum fell 1.79%, copper was 0.51% lower at $2.13 and silver was unchanged at $12.77.
Athabasca Potash Inc. (API) +6.91% to $2.94.
Quadra Mining Ltd. (QUA) -5.09% to $6.15. New Gold Inc. (NGD) -5.88% to $2.08. Inmet Mining Corporation (IMN) -6.76% to $36.00.
Denison Mines Corp. (TSX:DML) shares were up 21 cents to $1.51 after it said it has struck a deal for Korea Electric Power Corp. to take a 19.9 per cent stake in the mid-tier uranium producer. The company is mired in debt and waiting desperately for an upturn in uranium prices.
The S&P/TSX Capped Utilities Index lost 0.29%.
The S&P/TSX Global Gold Index fell 1.12% as the April bullion contract in New York fell $3.80 to US$892.00 an ounce.
Imperial Metals Corporation (III) +5.43% to $4.08.
The S&P/TSX Capped Health Care Index was higher by 0.32%.
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Stock markets closed lower Tuesday after a surprisingly weak U.S. retail sales report helped persuade investors to take some profits from the spring rally.
The S&P/TSX Consumer Discretionary Index was 0.14% lower and the S&P/TSX Consumer Staples Index rose 0.64%.
Cascades Inc. (CAS) +5.93% to $2.86. Linamar Corporation (LNR) +5.07% to $3.73.
Toronto's S&P/TSX composite index closed 54 points lower at 9,231.62 led by declines in commodity stocks.
Still, the main TSX index is up more than 20 per cent since the start of the current rally March 10.
The TSX Venture Exchange was down 3.94 points to 976.92 while the Canadian dollar was up 0.36 of a cent to 82.37 U.S.
Roger Biduk;
The energy sector was the biggest TSX drag The April crude contract on the New York Mercantile Exchange lost 1.28% to $49.41 and natural gas was up 1.67% to $3.71 as the S&P/TSX Energy Index fell 2.09%.
Bankers Petroleum Ltd. (BNK) +15.64% to $2.07. OPTI Canada Inc. (OPC) +15.14% to $2.13. Crew Energy Inc. (CR) +9.98% to $5.18. Trinidad Drilling Ltd. (TDG) +9.86% to $3.90. NuVista Energy Ltd. (NVA) +7.65% to $7.18.
The industrials sector was also weak, The S&P/TSX Capped Industrials Index was down 1.71%.
Ballard Power Systems Inc. (BLD) -8.11% to $2.72.
International Forest Products (IFP.A) +8.70% to $2.50. Sino-Forest Corporation (TRE) +6.81% to $10.20. Canfor Corporation (CFP) +6.08% to $5.06. Newalta Inc. (NAL) +5.14% to $3.48. West Fraser Timber Co Ltd. (WFT) +5.04% to $24.99.
The telecom sector was weak as the S&P/TSX Capped Telecom Services Index was 1.14% lower.
Shares in Telus Corp. (TSX:T) fell back $1 to $30 after it said Tuesday its capital spending this year includes $700 million focused on wireless and wireline broadband infrastructure in Alberta. Overall capital investment planned by Canada's second-largest telecommunications operator remains at the $2.05-billion figure confirmed in February.
Shares in Canwest Global Communications Corp. (TSX:CGS) were down two cents to 23 cents and earlier hit an all time low of 20 cents. The slide came after Moody's Investors Service downgraded Canwest Media Inc., a key part of the company, and said it's unlikely it will repay $30.4 million of interest due on Tuesday.
Roger Biduk;
The tech sector was the biggest gainer as the S&P/TSX Capped Information Technology Index rose 1.72%.
Torstar Corporation (TS.B) +7.29% to $5.59. Absolute Software Corporation (ABT) +6.67% to $5.12.
The S&P/TSX Capped Financial Index, was higher today by 0.15%.
Financial 15 Split Corp. II (FFN) +10.27% to $4.08. R Split III Corp. (RBS) +6.97% to $6.75. Global Uranium Fund Inc. (GUR) +6.80% to $2.20. Primaris Retail Real Estate In (PMZ.UN) +5.92% to $10.20. Dividend 15 Split Corp. (DFN) +5.50% to $7.86.
Energy Plus Income Trust (EPF.UN) -5.68% to $4.65.
S&P/TSX Capped Diversified Metals & Mining Index dropped 2.40% as aluminum fell 1.79%, copper was 0.51% lower at $2.13 and silver was unchanged at $12.77.
Athabasca Potash Inc. (API) +6.91% to $2.94.
Quadra Mining Ltd. (QUA) -5.09% to $6.15. New Gold Inc. (NGD) -5.88% to $2.08. Inmet Mining Corporation (IMN) -6.76% to $36.00.
Denison Mines Corp. (TSX:DML) shares were up 21 cents to $1.51 after it said it has struck a deal for Korea Electric Power Corp. to take a 19.9 per cent stake in the mid-tier uranium producer. The company is mired in debt and waiting desperately for an upturn in uranium prices.
The S&P/TSX Capped Utilities Index lost 0.29%.
The S&P/TSX Global Gold Index fell 1.12% as the April bullion contract in New York fell $3.80 to US$892.00 an ounce.
Imperial Metals Corporation (III) +5.43% to $4.08.
The S&P/TSX Capped Health Care Index was higher by 0.32%.
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Thursday, April 9, 2009
Roger Biduk; Bay Street Higher on Financials and Energy
Roger Biduk;
The Toronto stock market closed sharply higher Wednesday on rising energy and financial stocks after three down days on the markets.
The S&P/TSX Capped Financial Index, was higher today by 1.30%.
Sun Gro Horticulture Income Fu (GRO.UN) +11.38% to $2.74. Freehold Royalty Trust (FRU.UN) +5.93% to $10.72. Horizons BetaPro S&P/TSX Cap E (HEU) +5.29% to $4.98. Sun Life Financial Inc.(SLF) +5.26% to $25.00.
Plutonic Power Corporation (PCC) -5.56% to $2.21.
Toronto's S&P/TSX composite index surged 144.53 points to 8,969.28.
The TSX Venture Exchange was off 1.78 points to 950.70.
The rally has so far boosted the TSX about 18 per cent and the Dow 20 per cent.
S&P/TSX Capped Diversified Metals & Mining Index rose 3.58% as aluminum rose 1.12%, copper was 0.43% higher at $2.00 and silver rose 1.06% to $12.34.
Timminco Limited (TIM) +14.23% to $3.05.
Teck Cominco Limited (TCK.B) +9.79% to $8.75 after it said it has sold about 5.6 million common shares of Kinross Gold Corp. (TSX:K), raising about US$101 million for the debt-plagued Vancouver mining giant.
Roger Biduk;
The CDN$ rose 0.03 of a cent to 80.82 cents U.S. as Canada Mortgage and Housing Corp. reported that the seasonally adjusted annual rate of housing starts increased to 154,700 units in March from 136,100 units in February.
The TSX energy sector shook off early losses after crude inventories rose less than analysts forecast last week, climbing by 1.7 million barrels, against an expected increase of 2.3 million barrels.
The April crude contract on the New York Mercantile Exchange gained 0.47% to $49.38 and natural gas was up 1.91% to $3.63 as the S&P/TSX Energy Index rose 2.94%.
Trinidad Drilling Ltd. (TDG) +11.72% to $3.05. Eveready Inc. (EIS) +8.57% to $2.28. Paramount Energy Trust (PMT.UN) +8.18% to $3.57. Avenir Diversified Income Trus (AVF.UN) +6.42% to $3.15. Nexen Inc. (NXY) +6.19% to $23.49.
Angle Energy Inc. (NGL) -6.43% to $3.64.
Canadian investors also took in earnings reports from the retail and media sectors.
The Forzani Group Ltd. (TSX:FGL), owner of chains such as Athletes World, reported profit of $24.2 million for the quarter ended Feb. 1, down from $28.7 million a year earlier amid slumping sales. But its shares advanced 16 cents to $9.45.
Roger Biduk;
The S&P/TSX Capped Information Technology Index rose 3.01% and the S&P/TSX Capped Telecom Services Index was 0.10% higher.
EXFO Electro-Optical Engineeri (EXF) +5.12% to $4.72. Absolute Software Corporation (ABT) +10.59% to $4.70.
Shares in clothing retailer Reitmans (Canada) Ltd. (TSX:RET.A) fell $1.51 or 13 per cent to $9.99 as fourth-quarter net earnings plummeted 75.8 per cent to $9 million on Quebec income tax reassessments. Sales slid 2.9 per cent to $261.8 million.
The S&P/TSX Capped Industrial Index rose 1.29%.
Ballard Power Systems Inc. (BLD) +13.33% to $2.38. International Forest Products (IFP.A) +6.33% to $2.35. Aecon Group Inc. (ARE) +5.19% to $11.15.
Cable provider Shaw Communications Inc. (TSX:SJR.B) says its second-quarter profit fell to $156 million from a year-earlier $113 million, but revenues improved 10 per cent. Shaw said the lower earnings were due to a variance in the amount of tax recovery it received in the comparable quarters and its shares climbed 14 cents to $19.45.
Roger Biduk;
In the service sector:
Garda World Security Corporati (GW) +29.02% to $2.49. Groupe Aeroplan Inc. (AER) +7.94% to $7.75. Great Canadian Gaming Corporat (GC) +6.52% to $2.94.
Reitmans (Canada) Limited (RET) -10.90% to $8.91. Softchoice Corporation (SO) -5.42% to $2.62.
Corus Entertainment Inc. (TSX:CJR.B) said Wednesday its quarterly net profit came in at $29 million, a drop from net income of $35.4 million during the same quarter the year before. Its shares were ahead 43 cents to $14.26.
The S&P/TSX Capped Utilities Index gained 0.14%.
Canadian Hydro Developers Inc (KHD) +7.20% to $2.53.
The S&P/TSX Global Gold Index gained 0.10% as the April bullion contract in New York rose $2.60 to US$885.90 an ounce.
Banro Corporation (BAA) +10.05% to $2.08. Richmont Mines Inc. (RIC) +5.62% to $4.32.
The S&P/TSX Consumer Discretionary Index was 0.32% higher and the S&P/TSX Consumer Staples Index lost 0.06%.
The S&P/TSX Capped Health Care Index was higher by 3.15%. Theratechnologies Inc. (TH) +5.50% to $2.30.
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The Toronto stock market closed sharply higher Wednesday on rising energy and financial stocks after three down days on the markets.
The S&P/TSX Capped Financial Index, was higher today by 1.30%.
Sun Gro Horticulture Income Fu (GRO.UN) +11.38% to $2.74. Freehold Royalty Trust (FRU.UN) +5.93% to $10.72. Horizons BetaPro S&P/TSX Cap E (HEU) +5.29% to $4.98. Sun Life Financial Inc.(SLF) +5.26% to $25.00.
Plutonic Power Corporation (PCC) -5.56% to $2.21.
Toronto's S&P/TSX composite index surged 144.53 points to 8,969.28.
The TSX Venture Exchange was off 1.78 points to 950.70.
The rally has so far boosted the TSX about 18 per cent and the Dow 20 per cent.
S&P/TSX Capped Diversified Metals & Mining Index rose 3.58% as aluminum rose 1.12%, copper was 0.43% higher at $2.00 and silver rose 1.06% to $12.34.
Timminco Limited (TIM) +14.23% to $3.05.
Teck Cominco Limited (TCK.B) +9.79% to $8.75 after it said it has sold about 5.6 million common shares of Kinross Gold Corp. (TSX:K), raising about US$101 million for the debt-plagued Vancouver mining giant.
Roger Biduk;
The CDN$ rose 0.03 of a cent to 80.82 cents U.S. as Canada Mortgage and Housing Corp. reported that the seasonally adjusted annual rate of housing starts increased to 154,700 units in March from 136,100 units in February.
The TSX energy sector shook off early losses after crude inventories rose less than analysts forecast last week, climbing by 1.7 million barrels, against an expected increase of 2.3 million barrels.
The April crude contract on the New York Mercantile Exchange gained 0.47% to $49.38 and natural gas was up 1.91% to $3.63 as the S&P/TSX Energy Index rose 2.94%.
Trinidad Drilling Ltd. (TDG) +11.72% to $3.05. Eveready Inc. (EIS) +8.57% to $2.28. Paramount Energy Trust (PMT.UN) +8.18% to $3.57. Avenir Diversified Income Trus (AVF.UN) +6.42% to $3.15. Nexen Inc. (NXY) +6.19% to $23.49.
Angle Energy Inc. (NGL) -6.43% to $3.64.
Canadian investors also took in earnings reports from the retail and media sectors.
The Forzani Group Ltd. (TSX:FGL), owner of chains such as Athletes World, reported profit of $24.2 million for the quarter ended Feb. 1, down from $28.7 million a year earlier amid slumping sales. But its shares advanced 16 cents to $9.45.
Roger Biduk;
The S&P/TSX Capped Information Technology Index rose 3.01% and the S&P/TSX Capped Telecom Services Index was 0.10% higher.
EXFO Electro-Optical Engineeri (EXF) +5.12% to $4.72. Absolute Software Corporation (ABT) +10.59% to $4.70.
Shares in clothing retailer Reitmans (Canada) Ltd. (TSX:RET.A) fell $1.51 or 13 per cent to $9.99 as fourth-quarter net earnings plummeted 75.8 per cent to $9 million on Quebec income tax reassessments. Sales slid 2.9 per cent to $261.8 million.
The S&P/TSX Capped Industrial Index rose 1.29%.
Ballard Power Systems Inc. (BLD) +13.33% to $2.38. International Forest Products (IFP.A) +6.33% to $2.35. Aecon Group Inc. (ARE) +5.19% to $11.15.
Cable provider Shaw Communications Inc. (TSX:SJR.B) says its second-quarter profit fell to $156 million from a year-earlier $113 million, but revenues improved 10 per cent. Shaw said the lower earnings were due to a variance in the amount of tax recovery it received in the comparable quarters and its shares climbed 14 cents to $19.45.
Roger Biduk;
In the service sector:
Garda World Security Corporati (GW) +29.02% to $2.49. Groupe Aeroplan Inc. (AER) +7.94% to $7.75. Great Canadian Gaming Corporat (GC) +6.52% to $2.94.
Reitmans (Canada) Limited (RET) -10.90% to $8.91. Softchoice Corporation (SO) -5.42% to $2.62.
Corus Entertainment Inc. (TSX:CJR.B) said Wednesday its quarterly net profit came in at $29 million, a drop from net income of $35.4 million during the same quarter the year before. Its shares were ahead 43 cents to $14.26.
The S&P/TSX Capped Utilities Index gained 0.14%.
Canadian Hydro Developers Inc (KHD) +7.20% to $2.53.
The S&P/TSX Global Gold Index gained 0.10% as the April bullion contract in New York rose $2.60 to US$885.90 an ounce.
Banro Corporation (BAA) +10.05% to $2.08. Richmont Mines Inc. (RIC) +5.62% to $4.32.
The S&P/TSX Consumer Discretionary Index was 0.32% higher and the S&P/TSX Consumer Staples Index lost 0.06%.
The S&P/TSX Capped Health Care Index was higher by 3.15%. Theratechnologies Inc. (TH) +5.50% to $2.30.
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Tuesday, April 7, 2009
Roger Biduk; Bay Street Lower on Financials & Oil
Roger Biduk;
Toronto's S&P/TSX composite index fell 191.42 points to 8,824.75.
The TSX Venture Exchange was 10.69 points lower to 952.48 while the Canadian dollar closed up 0.05 of a cent to 80.79 cents US.
The S&P/TSX Capped Financial Index, still up almost 32% over the course of the rally, was lower today by 2.73%.
Plutonic Power Corporation (PCC) +8.84% to $2.34. Resverlogix Corp. (RVX) +8.70% to $3.50.
Sentry Select Primary Metals C (PME) -9.45% to $4.12. Brompton Lifeco Split Corp. (LCS) -9.39% to $2.80. Great-West Lifeco Inc. (GWO)
-7.92% to $16.39. Home Capital Group Inc. (HCG) -7.90% to $25.41. Life & Banc Split Corp. (LBS) -7.59% to $4.75.
Shares in Canadian auto parts makers were lower even as Ottawa announced that help is on the way for the sector. Industry Minister Tony Clement said that Export Development Canada will be authorized to provide an additional $700 million to insure accounts receivable at Canada's auto parts suppliers.
Roger Biduk;
S&P/TSX Capped Diversified Metals & Mining Index fell 4.47% as aluminum was flat, copper was 1.58% higher at $1.99 and silver rose 0.83% to $12.21.
Timminco Limited (TIM) +8.98% to $2.67.
Norsemont Mining Inc. (NOM) -10.48% to $2.05. Sherritt International Corpora (S) -9.91% to $3.00. Hanfeng Evergreen Inc. (HF) -7.88% to $6.90. Uranium One Inc. (UUU) -6.93% to $2.55. Quadra Mining Ltd. (QUA) -6.27% to $5.53.
Equinox Minerals Ltd. (TSX:EQN) fell 33 cents or 15.2 per cent to $1.84 after it said Monday it plans to raise about $160 million in an equity financing to fund the expansion of its Lumwana copper mine in Zambia.
Clement also told a news conference that Canadians need to be prepared for a possible filing under bankruptcy protection laws by General Motors, North America's largest auto maker.
The S&P/TSX Capped Information Technology Index fell 3.04% and the S&P/TSX Capped Telecom Services Index was 0.82% lower.
Absolute Software Corporation (ABT) +7.59% to $4.25. March Networks Corporation (MN) +9.74% to $3.38.
Research in Motion Limited (RIM) -5.16% to $74.01.
Danier Leather Inc. (TSX:DL), which makes leather and suede clothing and accessories, said after the market closed that it is cutting 78 jobs to reduce costs. The cuts are expected to save it a total of $2.6 million annually.
Roger Biduk;
The S&P/TSX Capped Industrial Index fell 1.53%.
International Forest Products (IFP.A) +5.24% to $2.21.
ATS Automation Tooling Systems (ATA) -9.71% to $3.72. Canfor Corporation (CFP) -6.32% to $4.74. Sino-Forest Corporation (TRE) -6.13% to $9.18.
In the service sector:
World Energy Solutions Inc. (XWE) +13.41% to $4.65.
Empire Co. Ltd. (TSX:EMP.A), the owner of the Sobeys grocer stores, said Monday that it has signed a deal with a syndicate of underwriters led by Scotia Capital Inc. to raise $125 million. The company said the underwriters have agreed to purchase, on a bought-deal basis, 2.5 million non-voting class A shares at a price of $49.75 per share. Its shares fell $4.96 to $49.82.
The April crude contract on the New York Mercantile Exchange declined 3.72% to $49.15 and natural gas was down 4.54% to $3.57 as the S&P/TSX Energy Index dropped 2.73%.
Flint Energy Services Ltd. (FES) +6.71% to $6.20. Heritage Oil Corporation (HOC) +5.01% to $7.34.
Pacific Rubiales Energy Corp. (PRE) -9.23% to $5.31. Breaker Energy Ltd. (WAV) -8.74% to $3.76. Avenir Diversified Income Trus (AVF.UN) -7.21% to $2.96. Trinidad Drilling Ltd. (TDG)
-7.14% to $2.73. Progress Energy Resources Corp (PRQ) -6.92% to $9.15.
Roger Biduk;
Shares in security firm Garda World (TSX:GW) jumped 22 cents or 12.9 per cent to $1.93 after it said Tuesday it has won an extension of its contract to provide passenger and baggage security screening operations at 26 airports in Canada.
The Montreal-based company said the two-year extension is worth about $300 million in revenue
The S&P/TSX Capped Utilities Index lost 0.01%.
Boralex Inc. (BLX) +9.68% to $6.23.
The S&P/TSX Global Gold Index gained 0.79% as the April bullion contract in New York rose $10.50 to US$883.30 an ounce.
Timminco Limited (TIM) +8.98% to $2.67. Flint Energy Services Ltd. (FES) +6.71% to $6.20. Centerra Gold Inc. (CG) +6.52% to $4.25. Heritage Oil Corporation (HOC) +5.01% to $7.34.
Norsemont Mining Inc. (NOM) -10.48% to $2.05. First Quantum Minerals Ltd. (FM) -6.00% to $37.13.
The S&P/TSX Consumer Discretionary Index was 1.97% lower and the S&P/TSX Consumer Staples Index lost 0.88%.
Linamar Corporation (LNR) -7.00% to $2.79.
The S&P/TSX Capped Health Care Index was lower by 0.91%.
The transportation sector was down 3.10%. YRC Worldwide Inc. (YRCW) -25.32% to $4.07. Universal Truckload (UACL) -13.86% to $13.73. Celadon Group Inc. (CLDN) -13.11% to $5.17. DryShips Inc. (DRYS) -11.15% to $4.54. Excel Maritime Carriers (EXM) -10.63% to $5.72.
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Toronto's S&P/TSX composite index fell 191.42 points to 8,824.75.
The TSX Venture Exchange was 10.69 points lower to 952.48 while the Canadian dollar closed up 0.05 of a cent to 80.79 cents US.
The S&P/TSX Capped Financial Index, still up almost 32% over the course of the rally, was lower today by 2.73%.
Plutonic Power Corporation (PCC) +8.84% to $2.34. Resverlogix Corp. (RVX) +8.70% to $3.50.
Sentry Select Primary Metals C (PME) -9.45% to $4.12. Brompton Lifeco Split Corp. (LCS) -9.39% to $2.80. Great-West Lifeco Inc. (GWO)
-7.92% to $16.39. Home Capital Group Inc. (HCG) -7.90% to $25.41. Life & Banc Split Corp. (LBS) -7.59% to $4.75.
Shares in Canadian auto parts makers were lower even as Ottawa announced that help is on the way for the sector. Industry Minister Tony Clement said that Export Development Canada will be authorized to provide an additional $700 million to insure accounts receivable at Canada's auto parts suppliers.
Roger Biduk;
S&P/TSX Capped Diversified Metals & Mining Index fell 4.47% as aluminum was flat, copper was 1.58% higher at $1.99 and silver rose 0.83% to $12.21.
Timminco Limited (TIM) +8.98% to $2.67.
Norsemont Mining Inc. (NOM) -10.48% to $2.05. Sherritt International Corpora (S) -9.91% to $3.00. Hanfeng Evergreen Inc. (HF) -7.88% to $6.90. Uranium One Inc. (UUU) -6.93% to $2.55. Quadra Mining Ltd. (QUA) -6.27% to $5.53.
Equinox Minerals Ltd. (TSX:EQN) fell 33 cents or 15.2 per cent to $1.84 after it said Monday it plans to raise about $160 million in an equity financing to fund the expansion of its Lumwana copper mine in Zambia.
Clement also told a news conference that Canadians need to be prepared for a possible filing under bankruptcy protection laws by General Motors, North America's largest auto maker.
The S&P/TSX Capped Information Technology Index fell 3.04% and the S&P/TSX Capped Telecom Services Index was 0.82% lower.
Absolute Software Corporation (ABT) +7.59% to $4.25. March Networks Corporation (MN) +9.74% to $3.38.
Research in Motion Limited (RIM) -5.16% to $74.01.
Danier Leather Inc. (TSX:DL), which makes leather and suede clothing and accessories, said after the market closed that it is cutting 78 jobs to reduce costs. The cuts are expected to save it a total of $2.6 million annually.
Roger Biduk;
The S&P/TSX Capped Industrial Index fell 1.53%.
International Forest Products (IFP.A) +5.24% to $2.21.
ATS Automation Tooling Systems (ATA) -9.71% to $3.72. Canfor Corporation (CFP) -6.32% to $4.74. Sino-Forest Corporation (TRE) -6.13% to $9.18.
In the service sector:
World Energy Solutions Inc. (XWE) +13.41% to $4.65.
Empire Co. Ltd. (TSX:EMP.A), the owner of the Sobeys grocer stores, said Monday that it has signed a deal with a syndicate of underwriters led by Scotia Capital Inc. to raise $125 million. The company said the underwriters have agreed to purchase, on a bought-deal basis, 2.5 million non-voting class A shares at a price of $49.75 per share. Its shares fell $4.96 to $49.82.
The April crude contract on the New York Mercantile Exchange declined 3.72% to $49.15 and natural gas was down 4.54% to $3.57 as the S&P/TSX Energy Index dropped 2.73%.
Flint Energy Services Ltd. (FES) +6.71% to $6.20. Heritage Oil Corporation (HOC) +5.01% to $7.34.
Pacific Rubiales Energy Corp. (PRE) -9.23% to $5.31. Breaker Energy Ltd. (WAV) -8.74% to $3.76. Avenir Diversified Income Trus (AVF.UN) -7.21% to $2.96. Trinidad Drilling Ltd. (TDG)
-7.14% to $2.73. Progress Energy Resources Corp (PRQ) -6.92% to $9.15.
Roger Biduk;
Shares in security firm Garda World (TSX:GW) jumped 22 cents or 12.9 per cent to $1.93 after it said Tuesday it has won an extension of its contract to provide passenger and baggage security screening operations at 26 airports in Canada.
The Montreal-based company said the two-year extension is worth about $300 million in revenue
The S&P/TSX Capped Utilities Index lost 0.01%.
Boralex Inc. (BLX) +9.68% to $6.23.
The S&P/TSX Global Gold Index gained 0.79% as the April bullion contract in New York rose $10.50 to US$883.30 an ounce.
Timminco Limited (TIM) +8.98% to $2.67. Flint Energy Services Ltd. (FES) +6.71% to $6.20. Centerra Gold Inc. (CG) +6.52% to $4.25. Heritage Oil Corporation (HOC) +5.01% to $7.34.
Norsemont Mining Inc. (NOM) -10.48% to $2.05. First Quantum Minerals Ltd. (FM) -6.00% to $37.13.
The S&P/TSX Consumer Discretionary Index was 1.97% lower and the S&P/TSX Consumer Staples Index lost 0.88%.
Linamar Corporation (LNR) -7.00% to $2.79.
The S&P/TSX Capped Health Care Index was lower by 0.91%.
The transportation sector was down 3.10%. YRC Worldwide Inc. (YRCW) -25.32% to $4.07. Universal Truckload (UACL) -13.86% to $13.73. Celadon Group Inc. (CLDN) -13.11% to $5.17. DryShips Inc. (DRYS) -11.15% to $4.54. Excel Maritime Carriers (EXM) -10.63% to $5.72.
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Roger Biduk; Bay Street Trims Losses
Roger Biduk;
Toronto's S&P/TSX composite index revived from a 147-point loss to close off 49.59 points at 9,016.17. Early declines in the energy sector mended even as the June crude contract in New York receded $1.46 to US$51.05 a barrel.
The TSX Venture Exchange was 12.42 points lower to 963.17.
S&P/TSX Capped Diversified Metals & Mining Index fell 2.64% as aluminum lost 1.11%, copper was 2.07% lower at $1.96 and silver was 4.91% lower to $12.11.
Red Back Mining Inc. (RBI) -6.23% to $7.080. Ivanhoe Mines Ltd. (IVN) -5.95% to $7.590. Silver Wheaton Corp. (SLW) -5.57% to $9.32.
Shares in Teck Cominco Ltd. (TSX:TCK.B) declined five cents to $8.40 after it sold an interest in production at its Andacollo mine in Chile to Royal Gold. The Vancouver-based mining giant valued the deal at US$300 million, as it struggles under a huge debt burden arising from its $14-billion acquisition of Fording Canadian Coal Trust last year.
Shares in Potash Corp. (TSX:POT) moved down $1.44 to $103.65 after unionized workers at its Lanigan mine ratified a new contract. The union says wages in general will rise 18 per cent over three years and certain jobs will have a bigger increase.
Roger Biduk;
The Canadian dollar declined 0.53 of a cent to 80.74 cents US after Statistics Canada reported that the value of building permits fell 15.9 per cent to $3.7 billion in February, largely due to a 30.5 per cent plunge in non-residential activity centred in Ontario.
The S&P/TSX Capped Information Technology Index gained 2.46% and the S&P/TSX Capped Telecom Services Index rose 0.84%.
Research in Motion Limited (RIM) +7.20% to $78.04. Aastra Technologies Limited (AAH) +5.82% to $20.90.
March Networks Corporation (MN) -10.72% to $3.08.
Indexes in Toronto and New York sustained early triple-digit declines amid new concerns about the American financial sector and nervousness ahead of first-quarter corporate reports.
Financials, particularly in the U.S., were jolted as analyst Mike Mayo at Calyon Securities warned of "the ongoing consequences of increased risk-taking by banks." Mayo predicted loan losses relative to total loans will become worse than during the Great Depression.
The S&P/TSX Capped Financial Index lost 0.75%.
Resverlogix Corp. (RVX) -12.97% to $3.22. Prime Rate Plus Corp. (PPL) -7.13% to $5.86. Noranda Income Fund (NIF.UN) -6.38% to $2.79. Dundee Corporation (DC.A) -6.38% to $5.14. Morguard Real Estate Investmen (MRT.UN) -5.66% to $9.34.
Roger Biduk;
The S&P/TSX Capped Industrial Index rose 0.81%.
Mega Brands Inc. (TSX:MB) tumbled 8.5 cents or 16 per cent to 44.5 cents after the toymaker reported deeper losses - US$323.3 million in its latest quarter.
The April crude contract on the New York Mercantile Exchange declined 2.78% to $51.05 and natural gas was down 1.83% to $3.69 as the S&P/TSX Energy Index dropped 0.73%.
Eveready Inc. (EIS) -10.92% to $2.120.
The S&P/TSX Capped Utilities Index lost 0.24%.
The S&P/TSX Global Gold Index dropped 3.21% as the April bullion contract in New York sank $24.50 to US$872.80 an ounce.
Comaplex Minerals Corp. (CMF) -10.03% to $3.05. Alamos Gold Inc. (AGI) -9.46% to $7.850. Keegan Resources Inc. (KGN) -8.16% to $2.25. Greystar Resources Ltd. (GSL) -7.89% to $3.50. Guyana Goldfields Inc. (GUY) -7.84% to $2.94.
Roger Biduk;
The S&P/TSX Consumer Discretionary Index was 0.46% lower and the S&P/TSX Consumer Staples Index gained 0.82%.
Vicwest Income Fund (VIC.UN) +9.09% to $9.00.
Gildan Activewear Inc. (GIL) -6.19% to $10.91.
The S&P/TSX Capped Health Care Index was higher by 0.19%.
In the service sector:
Softchoice Corporation (SO) +34.88% to $2.90. Data Group Income Fund (The) (DGI.UN) +8.33% to $3.25.
Jazz Air Income Fund (JAZ.UN) -7.39% to $2.130. Intermap Technologies Corporat (IMP)
-7.56% to $2.20.
WestJet Airlines Ltd. (TSX:WJA) descended 40 cents to $11.85 after it filled 81.9 per cent of its seats last month, down from a load factor of 86.6 per cent in March 2008.
www.rogerbiduk.ca
www.rogerbiduk.wordpress.com
www.rogerbiduk.blogspot.com
http://bestcatanddognutrition.wordpress.com
Toronto's S&P/TSX composite index revived from a 147-point loss to close off 49.59 points at 9,016.17. Early declines in the energy sector mended even as the June crude contract in New York receded $1.46 to US$51.05 a barrel.
The TSX Venture Exchange was 12.42 points lower to 963.17.
S&P/TSX Capped Diversified Metals & Mining Index fell 2.64% as aluminum lost 1.11%, copper was 2.07% lower at $1.96 and silver was 4.91% lower to $12.11.
Red Back Mining Inc. (RBI) -6.23% to $7.080. Ivanhoe Mines Ltd. (IVN) -5.95% to $7.590. Silver Wheaton Corp. (SLW) -5.57% to $9.32.
Shares in Teck Cominco Ltd. (TSX:TCK.B) declined five cents to $8.40 after it sold an interest in production at its Andacollo mine in Chile to Royal Gold. The Vancouver-based mining giant valued the deal at US$300 million, as it struggles under a huge debt burden arising from its $14-billion acquisition of Fording Canadian Coal Trust last year.
Shares in Potash Corp. (TSX:POT) moved down $1.44 to $103.65 after unionized workers at its Lanigan mine ratified a new contract. The union says wages in general will rise 18 per cent over three years and certain jobs will have a bigger increase.
Roger Biduk;
The Canadian dollar declined 0.53 of a cent to 80.74 cents US after Statistics Canada reported that the value of building permits fell 15.9 per cent to $3.7 billion in February, largely due to a 30.5 per cent plunge in non-residential activity centred in Ontario.
The S&P/TSX Capped Information Technology Index gained 2.46% and the S&P/TSX Capped Telecom Services Index rose 0.84%.
Research in Motion Limited (RIM) +7.20% to $78.04. Aastra Technologies Limited (AAH) +5.82% to $20.90.
March Networks Corporation (MN) -10.72% to $3.08.
Indexes in Toronto and New York sustained early triple-digit declines amid new concerns about the American financial sector and nervousness ahead of first-quarter corporate reports.
Financials, particularly in the U.S., were jolted as analyst Mike Mayo at Calyon Securities warned of "the ongoing consequences of increased risk-taking by banks." Mayo predicted loan losses relative to total loans will become worse than during the Great Depression.
The S&P/TSX Capped Financial Index lost 0.75%.
Resverlogix Corp. (RVX) -12.97% to $3.22. Prime Rate Plus Corp. (PPL) -7.13% to $5.86. Noranda Income Fund (NIF.UN) -6.38% to $2.79. Dundee Corporation (DC.A) -6.38% to $5.14. Morguard Real Estate Investmen (MRT.UN) -5.66% to $9.34.
Roger Biduk;
The S&P/TSX Capped Industrial Index rose 0.81%.
Mega Brands Inc. (TSX:MB) tumbled 8.5 cents or 16 per cent to 44.5 cents after the toymaker reported deeper losses - US$323.3 million in its latest quarter.
The April crude contract on the New York Mercantile Exchange declined 2.78% to $51.05 and natural gas was down 1.83% to $3.69 as the S&P/TSX Energy Index dropped 0.73%.
Eveready Inc. (EIS) -10.92% to $2.120.
The S&P/TSX Capped Utilities Index lost 0.24%.
The S&P/TSX Global Gold Index dropped 3.21% as the April bullion contract in New York sank $24.50 to US$872.80 an ounce.
Comaplex Minerals Corp. (CMF) -10.03% to $3.05. Alamos Gold Inc. (AGI) -9.46% to $7.850. Keegan Resources Inc. (KGN) -8.16% to $2.25. Greystar Resources Ltd. (GSL) -7.89% to $3.50. Guyana Goldfields Inc. (GUY) -7.84% to $2.94.
Roger Biduk;
The S&P/TSX Consumer Discretionary Index was 0.46% lower and the S&P/TSX Consumer Staples Index gained 0.82%.
Vicwest Income Fund (VIC.UN) +9.09% to $9.00.
Gildan Activewear Inc. (GIL) -6.19% to $10.91.
The S&P/TSX Capped Health Care Index was higher by 0.19%.
In the service sector:
Softchoice Corporation (SO) +34.88% to $2.90. Data Group Income Fund (The) (DGI.UN) +8.33% to $3.25.
Jazz Air Income Fund (JAZ.UN) -7.39% to $2.130. Intermap Technologies Corporat (IMP)
-7.56% to $2.20.
WestJet Airlines Ltd. (TSX:WJA) descended 40 cents to $11.85 after it filled 81.9 per cent of its seats last month, down from a load factor of 86.6 per cent in March 2008.
www.rogerbiduk.ca
www.rogerbiduk.wordpress.com
www.rogerbiduk.blogspot.com
http://bestcatanddognutrition.wordpress.com
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