Roger Biduk;
The Toronto stock market capped a losing week that saw its key index hit multi-year lows with a negative close Friday following enormous job losses in the U.S. last month.
Toronto's S&P/TSX composite index closed down 37.7 points to 7,591.47.
The TSX Venture Exchange was off 0.57 of a point to 829.12, while the CDN$ closed up 0.11 of a US cent to 77.73 cents U.S.
The S&P/TSX Capped Diversified Metals & Mining Index rose 2.38% as aluminum lost .83%, copper gained 2.15% and silver rose 1.62% to $13.33.
Teck Cominco Limited (TCK.B) +14.04% to $3.90. Aurora Energy Resources Inc. (AXU) +7.42% to $2.46.
Quadra Mining Ltd. (TSX:QUA) shares rose 10 cents to $3.69 after it reported a fourth-quarter net loss of US$126.1 million compared to a year-earlier profit of $5.5 million.
Ivanhoe Mines Ltd. (IVN) -6.39% to $5.27. Migao Corporation (MGO) -6.24% to $5.26. Pembina Pipeline Income Fund (PIF.UN) -5.35% to $12.38. Phoenix Technology Income Fund (PHX.UN) -5.35% to $5.13. Potash Corporation of Saskatch (POT) -5.10% to $84.97.
Canada's jobless rate is 7.2 per cent but could shoot higher next Friday when Statistics Canada reports the February employment numbers.
The TSX finished the week down 531.55 points or 6.5 per cent to its worst level since the fall of 2003.
Roger Biduk;
The Toronto financial sector had a particularly miserable week, down almost 10 per cent.
The S&P/TSX Capped Financial Index dropped .47%.
Home Equity Income Trust (HEQ.UN) +5.00% to $3.57. Resverlogix Corp. (RVX) +5.13% to $3.28. Crown Hill Fund (MYT.UN) +10.23% to $2.91. Homburg Invest Inc. (HII.A) +12.00% to $4.48.
Energy Split Corp. Inc. (ES) -32.00% to $2.38. US Financial 15 Split Corp. (FTU.PR.A) -13.33% to $2.34. Royal Host Real Estate Investm (RYL.UN) -12.79% to $2.25. Canadian Western Bank (CWB) -11.58% to $8.25. Chartwell Seniors Housing Rl E (CSH.UN) -10.61% to $3.96. Claymore Japan Fundamental Ind (CJP) -8.44% to $7.050.
CIBC (TSX:CM) shed 36 cents to $37.50 while Bank of Montreal (TSX:BMO) advanced 32 cents to $27.48.
The Bank of Nova Scotia (TSX:BNS) has taken a majority interest in Five Continents Financial Ltd., an asset management firm in the Cayman Islands. The terms of the transaction were not disclosed. Scotiabank shares were down 17 cents to $26.04.
The April crude contract on the New York Mercantile Exchange rose 4.38% to $43.61 and natural gas lost 3.50% to $3.95 as the S&P/TSX Energy Index gained 1.26%.
Eveready Inc. (EIS) +9.45% to $2.20. Paramount Resources Ltd. (POU) +6.82% to $5.64. Petrominerales Ltd. (PMG) +5.62% to $9.58. Suncor Inc. (TSX:SU) rose $1.15 to $27.35 and Canadian Natural Resources (TSX:CNQ) gained $1.29 to $41.80.
Pacific Rubiales Energy Corp. (PRE) -15.68% to $3.55. Cathedral Energy Services Inco (CET.UN) -14.58% to $2.05. Calfrac Well Services Ltd. (CFW) -8.67% to $7.16. Major Drilling Group Internati (MDI) -7.50% to $11.10. Paramount Energy Trust (PMT.UN) -6.80% to $2.88.
Roger Biduk;
Canadian autoparts maker Linamar Corp. (TSX:LNR) has cut its quarterly dividend in half. The Ontario-based company reported a fourth-quarter loss Thursday and said it would pay a quarterly dividend of three cents per share, down from six cents in the previous quarter. Linamar shares fell 33 cents to $2.67.
The S&P/TSX Capped Industrial Index lost .65%.
Newalta Inc. (NAL) -18.77% to $3.03. JDS Uniphase Canada Ltd. (JDU) -5.54% to $2.90.
The S&P/TSX Capped Utilities Index lost .066%.
EPCOR Power L.P. (EP.UN) -6.45% to $14.64.
The S&P/TSX Consumer Discretionary Index was .59% lower and the S&P/TSX Consumer Staples Index gained .71%.
Supremex Income Fund (SXP.UN) -11.39% to $2.10. Linamar Corporation (LNR) -11.00% to $2.67.
SNC Lavalin Group Inc. (TSX:SNC) reported fourth quarter net income of $75 million, compared with a net income of $68.7 million for the same period in 2007. For all of 2008, the engineering giant reports $312.5 million in net income, compared with $153.2 million in 2007. SNC also announced a 25 per cent increase to quarterly dividends. Its shares climbed 74 cents to $29.39.
Roger Biduk;
The S&P/TSX Capped Health Care Index was lower by 3.94%.
BioMS Medical Corp. (MS) +5.02% to $2.30.
In the service sector:
Jean Coutu Group Inc. (PJC.A) +13.18% to $8.16. TransForce Inc. (TFI) +7.01% to $3.36.
Altus Group Income Fund (AIF.UN) -16.97% to $5.48. Jazz Air Income Fund (JAZ.UN) -9.92% to $3.45. Data Group Income Fund (The) (DGI.UN) -8.51% to $3.01. Transcontinental Inc. (TCL.A) -7.22% to $6.04. Empire Company Ltd. (EMP.A) -5.87% to $49.10.
Industrial waste management services provider Newalta Inc. (TSX:NAL) said Friday it was cutting its dividend by 14 cents to five cents after reporting a drop in profits for both the most recent quarter and fiscal year. The company cited volatile markets and weak commodity prices and its shares dropped 70 cents to $3.
The S&P/TSX Capped Information Technology Index lost 2.28% and the S&P/TSX Capped Telecom Services Index was 1.08% lower.
TSX included Research In Motion Ltd. (TSX:RIM)down $2.22 to $46.60.
The S&P/TSX Global Gold Index dropped .72% as the April bullion contract in New York jumped 14.90 to US$942.70 an ounce.
Aquiline Resources Inc. (AQI) +8.47% to $3.20. Kirkland Lake Gold Inc. (KGI) +7.78% to $5.40. International Minerals Corp. (IMZ) -6.96% to $3.21. Goldcorp Inc. (TSX:G) faded 63 cents to $37.82.
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Saturday, March 7, 2009
Friday, March 6, 2009
Roger Biduk, Bay Street Sinks on Energy & Financials
Roger Biduk;
I don’t usually make recommendations in this email (and I’m still not) but there are some sectors that are worth looking at after these huge drops.
I’m expecting a huge but brief relief rally that should bring the indexes, commodity and financial sectors to some sharp gains. I’d be looking at ETFs that are leveraged in these areas.
It could start tomorrow when the employment numbers come out at 8:30 AM. in the U.S. The non-farm payrolls numbers and unemployment rate are going to be ugly. But that could be a short-term catalyst washing out any remaining sellers going forward.
Ten of the eleven sectors I follow on Bay Street fell today as the S&P/TSX composite index lost Wednesday's 183-point advance, falling 185.58 points to 7,629.17.
The TSX Venture Exchange slipped 1.26 points to 829.69 while the CDN$ fell 0.79 cent to 77.62 cents US.
The S&P/TSX Capped Financial Index tanked 4.97% after being slapped around earlier in the week after insurer American International Group Inc. handed in a US$62 billion quarterly loss, a U.S. corporate record.
Royal Bank (TSX:RY) declined $1.36 to $29.22 and CIBC (TSX:CM) shares were down $1.77 to $37.86 after it announced that it will raise up to $1.6 billion in a Tier 1 debt issue. It said that completion would take the bank's pro-forma Tier 1 capital ratio to about 11.5 per cent.
Canadian Western Bank (TSX:CWB) reported Thursday a first-quarter profit of $25.6 million, down from a year-earlier $25.9 million in earnings, as the fallout from the recession continued to pressure its earnings. Its shares gave back $1.27 to $9.33.
MI Developments Inc. (MIM.A) +16.20% to $5.81. Central GoldTrust (GTU.UN) +11.96% to $58.50. iShares CDN S&P/TSX Global Gol (XGD) +6.26% to $19.34. Dynasty Metals & Mining Inc. (DMM) +5.91% to $5.20.
Homburg Invest Inc. (HII.A) -20.95% to $4.00. Crown Hill Fund (MYT.UN) -18.52% to $2.64. Financial 15 Split Corp. (FTN) -13.38% to $2.33. Brompton Lifeco Split Corp. (LCS.PR.A) -12.13% to $7.03. Canadian Western Bank (CWB) -11.98% to $9.33.
Roger Biduk;
The April crude contract on the New York Mercantile Exchange dropped 3.90% to $43.61 and natural gas lost 5.81% to $4.09 as the S&P/TSX Energy Index lost 3.09%.
TriStar Oil & Gas Ltd. (TOG) -14.93% to $7.92. Galleon Energy Inc. (GO) -9.43% to $2.40. Trinidad Drilling Ltd. (TDG) -8.79% to $2.18. Addax Petroleum Corporation (AXC) -8.20% to $21.49. Cathedral Energy Services Inco (CET.UN) -7.34% to $2.40. EnCana Corp. (TSX:ECA) surrendered $1.71 to $48.56.
Investors also took in earnings reports from some of the oilpatch's heavyweights, while another company filed for creditor protection.
Natural gas explorer and producer Canadian Superior Energy Inc. (TSX:SNG) says it has filed an application with the Court of Queen's Bench of Alberta for protection from creditors under the federal Companies' Creditors Arrangement Act. Its shares plunged 20 cents to 29 cents and the TSX said it is "reviewing the common shares of the company with respect to meeting the continued listing requirements."
Canadian Natural Resources (CNQ) +5.11% to $40.51 after it said Thursday it was reducing its 2009 capital spending budget by $800 million in anticipation of a turbulent year marked by low commodity prices. The company recorded net earnings of $1.8 billion during the fourth quarter, up from year-earlier profits of $798 million. Canadian Natural also said it was raising its annual dividend by five per cent to 42 cents per share.
Shares in Talisman Energy Inc. (TSX:TLM) drifted 10 cents lower to $11.38 after the oil and natural gas producer said net profits for the latest quarter came in at $1.2 billion, up sharply from year-earlier profits of $656 million.
The S&P/TSX Capped Diversified Metals & Mining Index sank 3.02% as aluminum lost 2.42%, copper dropped 2.39% and silver rose 1.51% to $13.11.
Greystar Resources Ltd. (GSL) +13.74% to $2.40. Forsys Metals Corp. (FSY) +10.18% to $6.28. Aquiline Resources Inc. (AQI) +10.07% to $2.95. Red Back Mining Inc. (RBI) +9.54% to $7.69. Agnico-Eagle Mines Ltd. (AEM) +8.64% to $65.40.
Mongolia has submitted a draft agreement to allow Canadian mining company Ivanhoe Mines (TSX:IVN) and Rio Tinto to mine at one of the country's largest gold and copper deposits. Ivanhoe shares inched 12 cents lower to $5.63 .
Roger Biduk;
The gold sector was the only advancer as the S&P/TSX Global Gold Index soared 6.34% as the April bullion contract in New York jumped $21.10 to US$927.80 an ounce.
SEMAFO INC. (SMF) +16.29% to $2.07. Greystar Resources Ltd. (GSL) +13.74% to $2.40. Yamana Gold Inc. (YRI) +10.87% to $11.32. Aquiline Resources Inc. (AQI) +10.07% to $2.95. Goldcorp Inc. (TSX:G) ran ahead $3.02 to $38.45
Virginia Mines Inc. (VGQ) -6.25% to $3.75. Gabriel Resources Ltd. (GBU) -5.56% to $2.55.
The S&P/TSX Capped Information Technology Index lost 2.39% and the S&P/TSX Capped Telecom Services Index was 2.72% lower.
Celestica Inc. (CLS) -7.25% to $3.71.
The S&P/TSX Capped Industrial Index lost 4.20%.
Bombardier Inc. (BBD.B) -8.96% to $2.44.
The S&P/TSX Capped Utilities Index lost .06%.
The S&P/TSX Consumer Discretionary Index was 2.37% lower and the S&P/TSX Consumer Staples Index dropped 3.46%.
Gildan Activewear Inc. (GIL) -5.10% to $7.44.
The S&P/TSX Capped Health Care Index was lower by 2.55%.
The service sector also stunk today. Great Canadian Gaming Corporat (GC) -12.82% to $2.38. Transcontinental Inc. (TCL.A) -9.75% to $6.48. Wajax Income Fund (WJX.UN) -6.43% to $12.80. Canadian Pacific Railway Limit (CP) -5.83% to $33.27.
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I don’t usually make recommendations in this email (and I’m still not) but there are some sectors that are worth looking at after these huge drops.
I’m expecting a huge but brief relief rally that should bring the indexes, commodity and financial sectors to some sharp gains. I’d be looking at ETFs that are leveraged in these areas.
It could start tomorrow when the employment numbers come out at 8:30 AM. in the U.S. The non-farm payrolls numbers and unemployment rate are going to be ugly. But that could be a short-term catalyst washing out any remaining sellers going forward.
Ten of the eleven sectors I follow on Bay Street fell today as the S&P/TSX composite index lost Wednesday's 183-point advance, falling 185.58 points to 7,629.17.
The TSX Venture Exchange slipped 1.26 points to 829.69 while the CDN$ fell 0.79 cent to 77.62 cents US.
The S&P/TSX Capped Financial Index tanked 4.97% after being slapped around earlier in the week after insurer American International Group Inc. handed in a US$62 billion quarterly loss, a U.S. corporate record.
Royal Bank (TSX:RY) declined $1.36 to $29.22 and CIBC (TSX:CM) shares were down $1.77 to $37.86 after it announced that it will raise up to $1.6 billion in a Tier 1 debt issue. It said that completion would take the bank's pro-forma Tier 1 capital ratio to about 11.5 per cent.
Canadian Western Bank (TSX:CWB) reported Thursday a first-quarter profit of $25.6 million, down from a year-earlier $25.9 million in earnings, as the fallout from the recession continued to pressure its earnings. Its shares gave back $1.27 to $9.33.
MI Developments Inc. (MIM.A) +16.20% to $5.81. Central GoldTrust (GTU.UN) +11.96% to $58.50. iShares CDN S&P/TSX Global Gol (XGD) +6.26% to $19.34. Dynasty Metals & Mining Inc. (DMM) +5.91% to $5.20.
Homburg Invest Inc. (HII.A) -20.95% to $4.00. Crown Hill Fund (MYT.UN) -18.52% to $2.64. Financial 15 Split Corp. (FTN) -13.38% to $2.33. Brompton Lifeco Split Corp. (LCS.PR.A) -12.13% to $7.03. Canadian Western Bank (CWB) -11.98% to $9.33.
Roger Biduk;
The April crude contract on the New York Mercantile Exchange dropped 3.90% to $43.61 and natural gas lost 5.81% to $4.09 as the S&P/TSX Energy Index lost 3.09%.
TriStar Oil & Gas Ltd. (TOG) -14.93% to $7.92. Galleon Energy Inc. (GO) -9.43% to $2.40. Trinidad Drilling Ltd. (TDG) -8.79% to $2.18. Addax Petroleum Corporation (AXC) -8.20% to $21.49. Cathedral Energy Services Inco (CET.UN) -7.34% to $2.40. EnCana Corp. (TSX:ECA) surrendered $1.71 to $48.56.
Investors also took in earnings reports from some of the oilpatch's heavyweights, while another company filed for creditor protection.
Natural gas explorer and producer Canadian Superior Energy Inc. (TSX:SNG) says it has filed an application with the Court of Queen's Bench of Alberta for protection from creditors under the federal Companies' Creditors Arrangement Act. Its shares plunged 20 cents to 29 cents and the TSX said it is "reviewing the common shares of the company with respect to meeting the continued listing requirements."
Canadian Natural Resources (CNQ) +5.11% to $40.51 after it said Thursday it was reducing its 2009 capital spending budget by $800 million in anticipation of a turbulent year marked by low commodity prices. The company recorded net earnings of $1.8 billion during the fourth quarter, up from year-earlier profits of $798 million. Canadian Natural also said it was raising its annual dividend by five per cent to 42 cents per share.
Shares in Talisman Energy Inc. (TSX:TLM) drifted 10 cents lower to $11.38 after the oil and natural gas producer said net profits for the latest quarter came in at $1.2 billion, up sharply from year-earlier profits of $656 million.
The S&P/TSX Capped Diversified Metals & Mining Index sank 3.02% as aluminum lost 2.42%, copper dropped 2.39% and silver rose 1.51% to $13.11.
Greystar Resources Ltd. (GSL) +13.74% to $2.40. Forsys Metals Corp. (FSY) +10.18% to $6.28. Aquiline Resources Inc. (AQI) +10.07% to $2.95. Red Back Mining Inc. (RBI) +9.54% to $7.69. Agnico-Eagle Mines Ltd. (AEM) +8.64% to $65.40.
Mongolia has submitted a draft agreement to allow Canadian mining company Ivanhoe Mines (TSX:IVN) and Rio Tinto to mine at one of the country's largest gold and copper deposits. Ivanhoe shares inched 12 cents lower to $5.63 .
Roger Biduk;
The gold sector was the only advancer as the S&P/TSX Global Gold Index soared 6.34% as the April bullion contract in New York jumped $21.10 to US$927.80 an ounce.
SEMAFO INC. (SMF) +16.29% to $2.07. Greystar Resources Ltd. (GSL) +13.74% to $2.40. Yamana Gold Inc. (YRI) +10.87% to $11.32. Aquiline Resources Inc. (AQI) +10.07% to $2.95. Goldcorp Inc. (TSX:G) ran ahead $3.02 to $38.45
Virginia Mines Inc. (VGQ) -6.25% to $3.75. Gabriel Resources Ltd. (GBU) -5.56% to $2.55.
The S&P/TSX Capped Information Technology Index lost 2.39% and the S&P/TSX Capped Telecom Services Index was 2.72% lower.
Celestica Inc. (CLS) -7.25% to $3.71.
The S&P/TSX Capped Industrial Index lost 4.20%.
Bombardier Inc. (BBD.B) -8.96% to $2.44.
The S&P/TSX Capped Utilities Index lost .06%.
The S&P/TSX Consumer Discretionary Index was 2.37% lower and the S&P/TSX Consumer Staples Index dropped 3.46%.
Gildan Activewear Inc. (GIL) -5.10% to $7.44.
The S&P/TSX Capped Health Care Index was lower by 2.55%.
The service sector also stunk today. Great Canadian Gaming Corporat (GC) -12.82% to $2.38. Transcontinental Inc. (TCL.A) -9.75% to $6.48. Wajax Income Fund (WJX.UN) -6.43% to $12.80. Canadian Pacific Railway Limit (CP) -5.83% to $33.27.
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Wednesday, March 4, 2009
Roger Biduk; Bay Street Higher on Commodities
Roger Biduk;
Toronto's S&P/TSX composite index ran ahead 183.13 points to 7,814.75. This followed three days of losses that had carved more than 500 points from the index, sending it down to 2003 levels.
The TSX Venture Exchange added 6.88 points to 830.95.
The Canadian dollar rose 0.96 cent to 78.41 cents US.
The Toronto market benefited from rising energy and mining stocks on hopes China will hike demand and jolt commodity shares back to life.
The S&P/TSX Capped Diversified Metals & Mining Index jumped 4.09% as aluminum gained 2.48%, copper jumped 5.48% and silver rose 1.57% to $12.92.
Consolidated Thompson Iron Min (CLM) +35.06% to $2.35. Quadra Mining Ltd. (QUA) +10.79% to $3.80. Osisko Mining Corporation (OSK) +5.49% to $4.80.
New Gold Inc. (NGD) -10.87% to $2.05. Forsys Metals Corp. (FSY) -9.38% to $5.70. Silvercorp Metals Inc. (SVM) -5.54% to $2.56. Red Back Mining Inc. (RBI) -5.26% to $7.02.
Roger Biduk;
The April crude contract on the New York Mercantile Exchange soared 8.96% to $45.38 and natural gas gained 1.12% to $4.34 as the S&P/TSX Energy Index soared 6.59%. Prices got a lift after a report showed that oil inventories in the U.S. dipped last week and demand for gasoline continued to rise. The U.S. government's weekly supply report showed that crude stockpiles decreased by 700,000 barrels in the week ended Feb. 27, while analysts expected an increase of 2.2 million barrels.
Petrominerales Ltd. (PMG) +12.43% to $9.59. Galleon Energy Inc. (GO) +10.42% to $2.65. Husky Energy Inc. (HSE) +9.96% to $27.83. Bonavista Energy Trust (BNP.UN) +9.50% to $13.60. Paramount Resources Ltd. (POU) +8.71% to $5.49.
EnCana Corp. (TSX:ECA) gained $2.89 to $50.27 and Suncor Inc. (TSX:SU) advanced $1.98 to $26.99.
The S&P/TSX Capped Financial Index gained 2.53%.
Fairborne Energy Ltd. (FEL) +16.53% to $2.75. Baytex Energy Trust (BTE.UN) +13.50% to $12.36. H & R Real Estate Investment Trust (HR.UN) +13.38% to $7.37. Canadian Oil Sands Trust (COS.UN) +12.58% to $20.50. Birchcliff Energy Ltd. (BIR) +11.88% to $4.99.
Dividend 15 Split Corp. II (DF) -10.76% 2.57. Homburg Invest Inc. (HII.A) -7.58% 5.00. Laurentian Bank of Canada (LB) -6.92% 28.25. Franco-Nevada Corporation (FNV.WT) -5.93% to $5.39. Life & Banc Split Corp. (LBS) -5.49% 2.41.
Sun Life Financial (TSX:SLF) rose 54 cents to $17.98 following reports it is in talks to buy insurance assets from U.S.-based Hartford Financial Services Group.
Bank of Montreal (TSX:BMO) climbed 73 cents to $28.37 and Royal Bank (TSX:RY) advanced 92 cents to $30.58.
Laurentian Bank (TSX:LB) reported its first-quarter earnings rose to $25 million from $19.1 million a year ago, but its shares fell $2.10 to $28.25.
Roger Biduk;
The gold sector led the TSX lower as the S&P/TSX Global Gold Index lost 2.87% as the April bullion contract in New York lost $6.90 to US$906.70 an ounce.
First Quantum Minerals Ltd. (FM) +7.16% to $33.66. Guyana Goldfields Inc. (GUY) +5.28% to $2.79.
Barrick Gold Corp. (TSX:ABX) declined $1.46 to $35.25.
Agnico-Eagle Mines Ltd. (TSX:AEM) raised its estimate of gold reserves by eight per cent to 18.1 million ounces after spending $72 million on exploration last year. Its shares were off $2.09 to $60.20.
WestJet Airlines Ltd. (TSX:WJA) descended 71 cents to $11.24 after announcing that the weak economy and fare competition will hit its first-quarter results.
The S&P/TSX Capped Information Technology Index gained 1.10% and the S&P/TSX Capped Telecom Services Index was 2.40% higher.
SXC Health Solutions Corp. (SXC) +8.19% to $24.45. Mosaid Technologies Inc. (MSD) +6.31% to $11.12. 5N Plus Inc. (VNP) +6.02% to $5.46. Research in Motion Limited (RIM) +5.31% to $51.75. Aastra Technologies Limited (AAH) +5.19% to $15.40.
Torstar Corporation (TS.B) -5.49% to $4.30.
Roger Biduk;
The S&P/TSX Capped Industrial Index gained 2.51%.
Sino-Forest Corporation (TRE) +11.59% to $7.80. GLV Inc. (GLV.A) +10.04% to $6.25. SNC - Lavalin Group Inc. (SNC) +7.04% to $28.90. Toromont Industries Ltd. (TIH) +7.00% to $21.55.
The S&P/TSX Capped Utilities Index lost .06%.
Canadian Hydro Developers Inc. (KHD) +6.69% to $2.55.
The S&P/TSX Consumer Discretionary Index was 1.24% higher and the S&P/TSX Consumer Staples Index jumped 4.09%.
Gildan Activewear Inc. (GIL) -7.44% to $7.84.
Cascades Inc. (CAS) +6.84% to $2.03.
The S&P/TSX Capped Health Care Index was lower by 1.10%. Biovail Corporation (BVF) +6.00% to $14.32.
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Toronto's S&P/TSX composite index ran ahead 183.13 points to 7,814.75. This followed three days of losses that had carved more than 500 points from the index, sending it down to 2003 levels.
The TSX Venture Exchange added 6.88 points to 830.95.
The Canadian dollar rose 0.96 cent to 78.41 cents US.
The Toronto market benefited from rising energy and mining stocks on hopes China will hike demand and jolt commodity shares back to life.
The S&P/TSX Capped Diversified Metals & Mining Index jumped 4.09% as aluminum gained 2.48%, copper jumped 5.48% and silver rose 1.57% to $12.92.
Consolidated Thompson Iron Min (CLM) +35.06% to $2.35. Quadra Mining Ltd. (QUA) +10.79% to $3.80. Osisko Mining Corporation (OSK) +5.49% to $4.80.
New Gold Inc. (NGD) -10.87% to $2.05. Forsys Metals Corp. (FSY) -9.38% to $5.70. Silvercorp Metals Inc. (SVM) -5.54% to $2.56. Red Back Mining Inc. (RBI) -5.26% to $7.02.
Roger Biduk;
The April crude contract on the New York Mercantile Exchange soared 8.96% to $45.38 and natural gas gained 1.12% to $4.34 as the S&P/TSX Energy Index soared 6.59%. Prices got a lift after a report showed that oil inventories in the U.S. dipped last week and demand for gasoline continued to rise. The U.S. government's weekly supply report showed that crude stockpiles decreased by 700,000 barrels in the week ended Feb. 27, while analysts expected an increase of 2.2 million barrels.
Petrominerales Ltd. (PMG) +12.43% to $9.59. Galleon Energy Inc. (GO) +10.42% to $2.65. Husky Energy Inc. (HSE) +9.96% to $27.83. Bonavista Energy Trust (BNP.UN) +9.50% to $13.60. Paramount Resources Ltd. (POU) +8.71% to $5.49.
EnCana Corp. (TSX:ECA) gained $2.89 to $50.27 and Suncor Inc. (TSX:SU) advanced $1.98 to $26.99.
The S&P/TSX Capped Financial Index gained 2.53%.
Fairborne Energy Ltd. (FEL) +16.53% to $2.75. Baytex Energy Trust (BTE.UN) +13.50% to $12.36. H & R Real Estate Investment Trust (HR.UN) +13.38% to $7.37. Canadian Oil Sands Trust (COS.UN) +12.58% to $20.50. Birchcliff Energy Ltd. (BIR) +11.88% to $4.99.
Dividend 15 Split Corp. II (DF) -10.76% 2.57. Homburg Invest Inc. (HII.A) -7.58% 5.00. Laurentian Bank of Canada (LB) -6.92% 28.25. Franco-Nevada Corporation (FNV.WT) -5.93% to $5.39. Life & Banc Split Corp. (LBS) -5.49% 2.41.
Sun Life Financial (TSX:SLF) rose 54 cents to $17.98 following reports it is in talks to buy insurance assets from U.S.-based Hartford Financial Services Group.
Bank of Montreal (TSX:BMO) climbed 73 cents to $28.37 and Royal Bank (TSX:RY) advanced 92 cents to $30.58.
Laurentian Bank (TSX:LB) reported its first-quarter earnings rose to $25 million from $19.1 million a year ago, but its shares fell $2.10 to $28.25.
Roger Biduk;
The gold sector led the TSX lower as the S&P/TSX Global Gold Index lost 2.87% as the April bullion contract in New York lost $6.90 to US$906.70 an ounce.
First Quantum Minerals Ltd. (FM) +7.16% to $33.66. Guyana Goldfields Inc. (GUY) +5.28% to $2.79.
Barrick Gold Corp. (TSX:ABX) declined $1.46 to $35.25.
Agnico-Eagle Mines Ltd. (TSX:AEM) raised its estimate of gold reserves by eight per cent to 18.1 million ounces after spending $72 million on exploration last year. Its shares were off $2.09 to $60.20.
WestJet Airlines Ltd. (TSX:WJA) descended 71 cents to $11.24 after announcing that the weak economy and fare competition will hit its first-quarter results.
The S&P/TSX Capped Information Technology Index gained 1.10% and the S&P/TSX Capped Telecom Services Index was 2.40% higher.
SXC Health Solutions Corp. (SXC) +8.19% to $24.45. Mosaid Technologies Inc. (MSD) +6.31% to $11.12. 5N Plus Inc. (VNP) +6.02% to $5.46. Research in Motion Limited (RIM) +5.31% to $51.75. Aastra Technologies Limited (AAH) +5.19% to $15.40.
Torstar Corporation (TS.B) -5.49% to $4.30.
Roger Biduk;
The S&P/TSX Capped Industrial Index gained 2.51%.
Sino-Forest Corporation (TRE) +11.59% to $7.80. GLV Inc. (GLV.A) +10.04% to $6.25. SNC - Lavalin Group Inc. (SNC) +7.04% to $28.90. Toromont Industries Ltd. (TIH) +7.00% to $21.55.
The S&P/TSX Capped Utilities Index lost .06%.
Canadian Hydro Developers Inc. (KHD) +6.69% to $2.55.
The S&P/TSX Consumer Discretionary Index was 1.24% higher and the S&P/TSX Consumer Staples Index jumped 4.09%.
Gildan Activewear Inc. (GIL) -7.44% to $7.84.
Cascades Inc. (CAS) +6.84% to $2.03.
The S&P/TSX Capped Health Care Index was lower by 1.10%. Biovail Corporation (BVF) +6.00% to $14.32.
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Tuesday, March 3, 2009
Roger Biduk; Bay Street Gets Wacked
Roger Biduk;
Interesting markets these days, to say the least.
The Toronto's S&P/TSX composite index dropped 435.51 points or 5.35 per cent to 7,687.51, its worst level since the fall of 2003.
The TSX Venture Exchange was off 33.42 points to 828.24.
The Canadian dollar lost 1.16 cents to 77.44 cents US a day before the Bank of Canada makes its next announcement on interest rates. Economists say it could cut by half a point, which would bring the central bank's key rate down to 0.5 per cent.
Exchange Traded Funds (ETFs) were again among the biggest percentage gainers and losers on Wall Street and Bay Street.
Horizons BetaPro NYMEX Crude Oil Bear (HOD) +19.66% to $37.79. Horizons BetaPro S&P/TSX Cap Energy Bear (HED) +17.13% to $23.04. Horizons BetaPro S&P/TSX Glbl Mining Bear (HMD) +13.72% to $13.18. Horizons BetaPro MSCI Emerging Markets Bear (HJD) +11.93% to $20.26. Horizons BetaPro S&P/TSX 60 Bear Plus (HXD) +11.68% to $35.20.
Making things worse on Toronto's heavily energy weighted stock index was a big plunge in the price of oil.
The April crude contract on the New York Mercantile Exchange cratered 10.30% to $40.15 and natural gas dropped 1.10% to $4.15 as the S&P/TSX Energy Index tanked 8.31%.
The drop was blamed on expectations of widening and deepening economic weakness.
Eveready Inc. (EIS) -16.34% to $2.56. Paramount Resources Ltd. (POU) -14.95% to $5.29. Crew Energy Inc. (CR) -14.86% to $2.75. Trinidad Drilling Ltd. (TDG) -13.95% to $2.22. Enerplus Resources Fund (ERF.UN) -12.80% to $18.80. EnCana Corp. (TSX:ECA) fell $3.13 to $47.07 and Suncor Inc. (TSX:SU) stepped back $2.71 to $23.75.
Roger Biduk;
Meanwhile, Statistics Canada reported the Canadian economy shrank at an annualized rate of 3.4 per cent in the fourth quarter. The contraction worsened toward the end of 2008, with gross domestic product declining one per cent in December.
The S&P/TSX Capped Financial Index dropped 4.47% as Scotiabank lost $1.68 to $27.03 and CIBC (TSX:CM) fell $2.90 to $40.25. Royal Bank of Canada (TSX:RY) shed 95 cents to $29.97, and insurer Manulife Financial (TSX:MFC) fell $1.32 to $11.58.
Energy Split Corp. Inc. (ES) -19.96% to $4.01. Premium Income Corporation (PIC.A) -16.32% to $2.00. Savanna Energy Services Corp. (SVY) -14.34% to $4.48. Artis Real Estate Investment T (AX.UN) -13.55% to $5.55. ARC Energy Trust (AET.UN) -13.12% to $12.12.
Prime Dividend Corp. (PDV.PR.A) +9.07% to $8.30. Claymore Equal Weight Banc & L (CEW) +6.99% to $4.59. Royal Host Real Estate (RYL.UN) +6.11% to $2.78.
The S&P/TSX Capped Information Technology Index lost 1.46% and the S&P/TSX Capped Telecom Services Index was down 3.10%.
Absolute Software Corporation (ABT) -9.46% to $3.54. SXC Health Solutions Corp. (SXC) -7.12% to $22.82. 5N Plus Inc. (VNP) -6.95% to $4.82. Research in Motion Limited (RIM) -5.78% to $47.90.
Roger Biduk;
The S&P/TSX Capped Industrial Index tanked 5.10%.
Bombardier Inc. (BBD.B) -13.85% to $2.55. Sino-Forest Corporation (TRE) -11.41% to $7.53. TimberWest Forest Corp. (TWF.UN) -8.93% to $2.65. ATS Automation Tooling Systems (ATA) -8.83% to $3.20. Newalta Inc. (NAL) -8.24% to $3.90.
The S&P/TSX Global Gold Index dropped 5.46% even as the April bullion contract in New York lost $2.40 to US$940.00 an ounce.
Detour Gold Corporation (DGC) -18.06% to $8.71. NovaGold Resources Inc (NG) -12.63% to $3.25. Yamana Gold Inc. (YRI) -8.45% to $10.18. Kinross Gold Corporation (K.WT.B) -7.93% to $2.670. First Quantum Minerals Ltd. (FM) -7.68% to $31.00.
The S&P/TSX Capped Utilities Index lost 2.21%.
Canadian Hydro Developers Inc (KHD) -11.03% to $2.34. Atlantic Power Corporation (ATP.UN) -5.99% to $7.37.
The S&P/TSX Consumer Discretionary Index was 2.67% lower and the S&P/TSX Consumer Staples Index was down .49%.
Cascades Inc. (CAS) -17.31% to $2.15. Rogers Sugar Income Fund (RSI.UN) -7.08 to $3.02.
The S&P/TSX Capped Diversified Metals & Mining Index dropped tanked 6.30% as aluminum dropped 1.63%, copper lost 1.46% and silver dropped .31% to $13.07.
Agrium Inc. (AGU) -12.88% to $38.48. Enerplus Resources Fund (ERF.UN) -12.80% to $18.80. PDX Resources Inc. (PLG) -12.40% to $2.26. Teck Cominco Limited (TCK.B) -11.63% to $3.95. Inmet Mining Corporation (IMN) -10.89% to $25.70.
The S&P/TSX Capped Health Care Index was lower by 1.14%.
Biovail Corporation (BVF) +5.33% to $14.24. Futuremed Healthcare Income Fund (FMD.UN) +6.49% to $8.70. Medical Facilities Corporation (DR.UN) -6.67% to $7.00. Atrium Innovations Inc. (ATB) -5.60% to $14.15.
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Interesting markets these days, to say the least.
The Toronto's S&P/TSX composite index dropped 435.51 points or 5.35 per cent to 7,687.51, its worst level since the fall of 2003.
The TSX Venture Exchange was off 33.42 points to 828.24.
The Canadian dollar lost 1.16 cents to 77.44 cents US a day before the Bank of Canada makes its next announcement on interest rates. Economists say it could cut by half a point, which would bring the central bank's key rate down to 0.5 per cent.
Exchange Traded Funds (ETFs) were again among the biggest percentage gainers and losers on Wall Street and Bay Street.
Horizons BetaPro NYMEX Crude Oil Bear (HOD) +19.66% to $37.79. Horizons BetaPro S&P/TSX Cap Energy Bear (HED) +17.13% to $23.04. Horizons BetaPro S&P/TSX Glbl Mining Bear (HMD) +13.72% to $13.18. Horizons BetaPro MSCI Emerging Markets Bear (HJD) +11.93% to $20.26. Horizons BetaPro S&P/TSX 60 Bear Plus (HXD) +11.68% to $35.20.
Making things worse on Toronto's heavily energy weighted stock index was a big plunge in the price of oil.
The April crude contract on the New York Mercantile Exchange cratered 10.30% to $40.15 and natural gas dropped 1.10% to $4.15 as the S&P/TSX Energy Index tanked 8.31%.
The drop was blamed on expectations of widening and deepening economic weakness.
Eveready Inc. (EIS) -16.34% to $2.56. Paramount Resources Ltd. (POU) -14.95% to $5.29. Crew Energy Inc. (CR) -14.86% to $2.75. Trinidad Drilling Ltd. (TDG) -13.95% to $2.22. Enerplus Resources Fund (ERF.UN) -12.80% to $18.80. EnCana Corp. (TSX:ECA) fell $3.13 to $47.07 and Suncor Inc. (TSX:SU) stepped back $2.71 to $23.75.
Roger Biduk;
Meanwhile, Statistics Canada reported the Canadian economy shrank at an annualized rate of 3.4 per cent in the fourth quarter. The contraction worsened toward the end of 2008, with gross domestic product declining one per cent in December.
The S&P/TSX Capped Financial Index dropped 4.47% as Scotiabank lost $1.68 to $27.03 and CIBC (TSX:CM) fell $2.90 to $40.25. Royal Bank of Canada (TSX:RY) shed 95 cents to $29.97, and insurer Manulife Financial (TSX:MFC) fell $1.32 to $11.58.
Energy Split Corp. Inc. (ES) -19.96% to $4.01. Premium Income Corporation (PIC.A) -16.32% to $2.00. Savanna Energy Services Corp. (SVY) -14.34% to $4.48. Artis Real Estate Investment T (AX.UN) -13.55% to $5.55. ARC Energy Trust (AET.UN) -13.12% to $12.12.
Prime Dividend Corp. (PDV.PR.A) +9.07% to $8.30. Claymore Equal Weight Banc & L (CEW) +6.99% to $4.59. Royal Host Real Estate (RYL.UN) +6.11% to $2.78.
The S&P/TSX Capped Information Technology Index lost 1.46% and the S&P/TSX Capped Telecom Services Index was down 3.10%.
Absolute Software Corporation (ABT) -9.46% to $3.54. SXC Health Solutions Corp. (SXC) -7.12% to $22.82. 5N Plus Inc. (VNP) -6.95% to $4.82. Research in Motion Limited (RIM) -5.78% to $47.90.
Roger Biduk;
The S&P/TSX Capped Industrial Index tanked 5.10%.
Bombardier Inc. (BBD.B) -13.85% to $2.55. Sino-Forest Corporation (TRE) -11.41% to $7.53. TimberWest Forest Corp. (TWF.UN) -8.93% to $2.65. ATS Automation Tooling Systems (ATA) -8.83% to $3.20. Newalta Inc. (NAL) -8.24% to $3.90.
The S&P/TSX Global Gold Index dropped 5.46% even as the April bullion contract in New York lost $2.40 to US$940.00 an ounce.
Detour Gold Corporation (DGC) -18.06% to $8.71. NovaGold Resources Inc (NG) -12.63% to $3.25. Yamana Gold Inc. (YRI) -8.45% to $10.18. Kinross Gold Corporation (K.WT.B) -7.93% to $2.670. First Quantum Minerals Ltd. (FM) -7.68% to $31.00.
The S&P/TSX Capped Utilities Index lost 2.21%.
Canadian Hydro Developers Inc (KHD) -11.03% to $2.34. Atlantic Power Corporation (ATP.UN) -5.99% to $7.37.
The S&P/TSX Consumer Discretionary Index was 2.67% lower and the S&P/TSX Consumer Staples Index was down .49%.
Cascades Inc. (CAS) -17.31% to $2.15. Rogers Sugar Income Fund (RSI.UN) -7.08 to $3.02.
The S&P/TSX Capped Diversified Metals & Mining Index dropped tanked 6.30% as aluminum dropped 1.63%, copper lost 1.46% and silver dropped .31% to $13.07.
Agrium Inc. (AGU) -12.88% to $38.48. Enerplus Resources Fund (ERF.UN) -12.80% to $18.80. PDX Resources Inc. (PLG) -12.40% to $2.26. Teck Cominco Limited (TCK.B) -11.63% to $3.95. Inmet Mining Corporation (IMN) -10.89% to $25.70.
The S&P/TSX Capped Health Care Index was lower by 1.14%.
Biovail Corporation (BVF) +5.33% to $14.24. Futuremed Healthcare Income Fund (FMD.UN) +6.49% to $8.70. Medical Facilities Corporation (DR.UN) -6.67% to $7.00. Atrium Innovations Inc. (ATB) -5.60% to $14.15.
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Sunday, March 1, 2009
Roger Biduk; Bay Street Higher for the Week
Roger Biduk;
Toronto's S&P/TSX composite index closed down 63.8 points to 8,123.02.
At the end of a week where the TSX brushed late 2003 lows, the main index gained 173 points or two per cent, thanks in large part to better-than-expected earnings reports from four of the big Canadian banks.
The TSX Venture Exchange gave back 1.15 points to 861.66.
The CDN$ was down one and a fifth US cents to 78.6 cents US as Canada's current account balance with the rest of the world fell to its first deficit in nine years - reaching $7.5 billion - in the final quarter of 2008 as export volumes and prices decreased.
The S&P/TSX Capped Financial Index dropped 3.13%.
World Financial Split Corp. (WFS) soared 20.90% to $2.43. Energy Split Corp. (ES) +17.92% to $5.00. Franco-Nevada Corporation (FNV.WT) +9.35% to $5.85 Canaccord Capital (CCI) higher by 7.73% to $4.32. Acuity Small Cap Corporation (ASF) up 7.51% to $2.72.
GMP Capital Trust (GMP.UN) -18.47% to $5.65. Fairborne Energy Ltd. (FEL) -9.35% to $2.81. Manulife Financial Corporation (MFC) -9.03% to $12.90. Kingsway Financial Services (KFS) -8.91% to $2.25. Labrador Iron Ore Royalty Inco (LIF.UN) -8.27% to $25.50.
Royal Bank (TSX:RY) down 98 cents to $30.92 and CIBC (TSX:CM) lost $2.76 to $43.15. Manulife Inc. (TSX:MFC) fell $1.28 to $12.90.
TD Bank (TSX:TD) shares lost 58 cents to $37.39. Ed Clark has agreed to a contract extension and will stay on as president and CEO until the annual meeting in 2013. He also will take a pension freeze and waived the right to severance pay.
Roger Biduk;
The S&P/TSX Capped Information Technology Index was flat and the S&P/TSX Capped Telecom Services Index was up .28%.
Absolute Software Corporation (ABT) +6.25% to $3.91.
Torstar Corporation (TS.B) -15.54% to $5.11. Miranda Technologies Inc. (MT) -11.34% to $5.24.
The April crude contract on the New York Mercantile Exchange dropped 1.02% to $44.76, natural gas gained 2.97% to $4.20 as the S&P/TSX Energy Index was .35% higher.
Progress Energy Resources Corp. (PRQ) +8.97% to $8.99. ShawCor Ltd. (SCL.A) +6.58% to $18.30.
Eveready Inc. (EIS) -8.66% to $3.06. NuVista Energy Ltd. (NVA) -6.83% to $5.59. Breaker Energy Ltd. (WAV) -6.37% to $2.35. Paramount Resources Ltd. (POU) -5.04% to $6.22.
EnCana Corp. (TSX:ECA) gained $1.32 to $50.20 and Canadian Natural Resources (TSX:CNQ) declined 76 cents to $40.90.
The S&P/TSX Capped Industrial Index lost .92%.
TimberWest Forest Corp. (TWF.UN) +10.23% to $2.91.
Bird Construction Income Fund (BDT.UN) -11.19% to $15.55. SNC - Lavalin Group Inc. (SNC) -8.25% to $29.04.
Roger Biduk;
The S&P/TSX Global Gold Index gained .98% even as the April bullion contract in New York lost $.10 to US$942.10 an ounce.
Kinross Gold Corporation (K.WT.B) -9.18% to $2.77. Kinross Gold Corporation (K.WT.C) -6.37% to $5.00.
Guyana Goldfields Inc. (GUY) +7.43% to $2.89. Goldcorp (TSX:G) rose 55 cents to $36.96.
The S&P/TSX Capped Utilities Index gained .89%.
Superior Plus Corp. (SPB) +6.45% to $10.57.
The S&P/TSX Consumer Discretionary Index was .28% lower and the S&P/TSX Consumer Staples Index was down .39%.
Cascades Inc. (CAS) -5.11% to $2.60. CCL Industries Inc. (CCL.B) -5.98% to $21.39.
The S&P/TSX Capped Diversified Metals & Mining Index dropped 2.32% as aluminum dropped 1.60%, copper lost 2.56% and silver gained .96% to $13.11.
Athabasca Potash Inc. (API) +9.04% to $2.05. Progress Energy Resources Corp. (PRQ) +8.97% to $8.99. Fronteer Development Group Inc. (FRG) +7.61% to $3.11. Aurora Energy Resources Inc. (AXU) +5.00% to $2.52.
Paramount Resources Ltd. (POU) -5.04% to $6.22. Gerdau AmeriSteel Corporation (GNA) -5.16% to $5.15. Migao Corporation (MGO) -7.14% to $6.11.
The S&P/TSX Capped Health Care Index was higher by 3.73%.
QLT Inc. (QLT) +9.80% to $2.24.
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Toronto's S&P/TSX composite index closed down 63.8 points to 8,123.02.
At the end of a week where the TSX brushed late 2003 lows, the main index gained 173 points or two per cent, thanks in large part to better-than-expected earnings reports from four of the big Canadian banks.
The TSX Venture Exchange gave back 1.15 points to 861.66.
The CDN$ was down one and a fifth US cents to 78.6 cents US as Canada's current account balance with the rest of the world fell to its first deficit in nine years - reaching $7.5 billion - in the final quarter of 2008 as export volumes and prices decreased.
The S&P/TSX Capped Financial Index dropped 3.13%.
World Financial Split Corp. (WFS) soared 20.90% to $2.43. Energy Split Corp. (ES) +17.92% to $5.00. Franco-Nevada Corporation (FNV.WT) +9.35% to $5.85 Canaccord Capital (CCI) higher by 7.73% to $4.32. Acuity Small Cap Corporation (ASF) up 7.51% to $2.72.
GMP Capital Trust (GMP.UN) -18.47% to $5.65. Fairborne Energy Ltd. (FEL) -9.35% to $2.81. Manulife Financial Corporation (MFC) -9.03% to $12.90. Kingsway Financial Services (KFS) -8.91% to $2.25. Labrador Iron Ore Royalty Inco (LIF.UN) -8.27% to $25.50.
Royal Bank (TSX:RY) down 98 cents to $30.92 and CIBC (TSX:CM) lost $2.76 to $43.15. Manulife Inc. (TSX:MFC) fell $1.28 to $12.90.
TD Bank (TSX:TD) shares lost 58 cents to $37.39. Ed Clark has agreed to a contract extension and will stay on as president and CEO until the annual meeting in 2013. He also will take a pension freeze and waived the right to severance pay.
Roger Biduk;
The S&P/TSX Capped Information Technology Index was flat and the S&P/TSX Capped Telecom Services Index was up .28%.
Absolute Software Corporation (ABT) +6.25% to $3.91.
Torstar Corporation (TS.B) -15.54% to $5.11. Miranda Technologies Inc. (MT) -11.34% to $5.24.
The April crude contract on the New York Mercantile Exchange dropped 1.02% to $44.76, natural gas gained 2.97% to $4.20 as the S&P/TSX Energy Index was .35% higher.
Progress Energy Resources Corp. (PRQ) +8.97% to $8.99. ShawCor Ltd. (SCL.A) +6.58% to $18.30.
Eveready Inc. (EIS) -8.66% to $3.06. NuVista Energy Ltd. (NVA) -6.83% to $5.59. Breaker Energy Ltd. (WAV) -6.37% to $2.35. Paramount Resources Ltd. (POU) -5.04% to $6.22.
EnCana Corp. (TSX:ECA) gained $1.32 to $50.20 and Canadian Natural Resources (TSX:CNQ) declined 76 cents to $40.90.
The S&P/TSX Capped Industrial Index lost .92%.
TimberWest Forest Corp. (TWF.UN) +10.23% to $2.91.
Bird Construction Income Fund (BDT.UN) -11.19% to $15.55. SNC - Lavalin Group Inc. (SNC) -8.25% to $29.04.
Roger Biduk;
The S&P/TSX Global Gold Index gained .98% even as the April bullion contract in New York lost $.10 to US$942.10 an ounce.
Kinross Gold Corporation (K.WT.B) -9.18% to $2.77. Kinross Gold Corporation (K.WT.C) -6.37% to $5.00.
Guyana Goldfields Inc. (GUY) +7.43% to $2.89. Goldcorp (TSX:G) rose 55 cents to $36.96.
The S&P/TSX Capped Utilities Index gained .89%.
Superior Plus Corp. (SPB) +6.45% to $10.57.
The S&P/TSX Consumer Discretionary Index was .28% lower and the S&P/TSX Consumer Staples Index was down .39%.
Cascades Inc. (CAS) -5.11% to $2.60. CCL Industries Inc. (CCL.B) -5.98% to $21.39.
The S&P/TSX Capped Diversified Metals & Mining Index dropped 2.32% as aluminum dropped 1.60%, copper lost 2.56% and silver gained .96% to $13.11.
Athabasca Potash Inc. (API) +9.04% to $2.05. Progress Energy Resources Corp. (PRQ) +8.97% to $8.99. Fronteer Development Group Inc. (FRG) +7.61% to $3.11. Aurora Energy Resources Inc. (AXU) +5.00% to $2.52.
Paramount Resources Ltd. (POU) -5.04% to $6.22. Gerdau AmeriSteel Corporation (GNA) -5.16% to $5.15. Migao Corporation (MGO) -7.14% to $6.11.
The S&P/TSX Capped Health Care Index was higher by 3.73%.
QLT Inc. (QLT) +9.80% to $2.24.
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Thursday, February 26, 2009
Roger Biduk; Banks Lift Bay Street
Roger Biduk;
Stocks in Canada gained Wednesday, with the financial sector leading the market higher, as investors were cheered by a relatively small decline in Toronto-Dominion Bank's first-quarter net income.
In Toronto, the S&P/TSX Composite (ISPTX) closed up 73 points, or 0.9%, at 7,932.3 points. On Tuesday, the index rose 2.8%, tracking a rally on Wall Street.
Advancers led decliners 744 to 742.
The S&P/TSX Capped Financial Index jumped 3.08% today.
NB Split (NBF) soared 34.00% to $3.35. 5Banc Split (FBS.B) jumped 30.00%. Premium Income (PIC.A) higher by 29.44%. Dividend 15 Split (DF) gained 17.57% to $2.61.
Savanna Enegy Serv. (SVY) tanked 9.63% to $4.88. Gluskin Sheff & Ass. (GS) sank 6.76% to $8.00. Livingston Int’l. inc. (LIV.UN) down 6.70% to $3.90. Euitable Gr. (ETC) lower by 6.11% to $10.29.
Kicking off the Canadian bank earnings season, Toronto-Dominion Bank (TD) reported that its net income fell to C$712 million in the first quarter ended Jan. 31, down from C$970 million a year earlier. Adjusted net income fell to C$1.14 billion compared with C$1.06 billion a year earlier.
The bank reported earnings of 82 cents a share, compared with C$1.33 cents a share a year ago. It said that it expects "a worsening economic environment." Shares of the bank closed up 1.7%
Elsewhere in the sector, Royal Bank of Canada (RY) gained 5.3% and the Bank of Nova Scotia (BNS) added 4.2%. Bank of Montreal (BMO) slid 0.9%.
Roger Biduk;
The March crude contract on the New York Mercantile Exchange
soared 6.36% to US$42.50 a barrel and the S&P/TSX Energy Index was 1.87% higher. Natural gas lost 3.93% to $4.03.
Phoenis Tech. Income Fund (PHX.UN) soared 14.65 to $5.79. Zargon Energy Tr. (ZAR.UN) jumped 11.11% to $15.40. Verenex Energy Tr. (VNX) rose 10.64% to $7.80. Trinidad Drilling (TDG) gained 7.59% to $2.55. Petrobank Energy & Res. (PBG) up 6.90% to $19.22.
NuVista Energy (NVA) sank 8.45% to $5.20. Eveready (EIS) down 6.94% to $3.35.
The S&P/TSX Capped Industrial Index dropped 1.34%.
West Fraser Timer (WFT) jumped 8.59% to $26.17.
The S&P/TSX Capped Information Technology Index rose 1.42% and the S&P/TSX Capped Telecom Services Index was down .44%.
Aastra Tech. (AAH) soared 46.70% to $13.76. Evertz Tech. (ET) jumped 13.78% to $11.15. Gennum (GND) gained 10.53% to $4.20. Torstar (TS.B) up 5.10% to $6.39.
In the mining sector, several producers' shares pared earlier gains or registered losses as gold prices slid.
The S&P/TSX Global Gold Index lost .21% as the April bullion contract in New York lost $3.30 to US$966.20 an ounce.
Jaguar Mining (JAG) lost 5.24% to $6.87.
Moto Goldmines (MGL) soared 29.17% to $3.10. US Gold Corp. (UXG) jumped 5.93% to $2.50. Gabriel Res. (GBU) rose 5.51% to $2.68.
Shares in Yamana Gold Inc. (YRI) ended 1.9% higher. Shares of Equinox Minerals Limited (EQN) fell 2.3%. Barrick Gold Corp. (ABX) closed 0.4% lower.
Roger Biduk;
Shares of Agrium Inc. (AGU), a producer of fertilizers and other agricultural products, tumbled 8.5% after it launched an unsolicited bid Wednesday for CF Industries Holdings (US:CF), which itself is making a hostile bid for another firm, Terra Industries (US:TRA).
Calgary-based Agrium said it's bidding $3.6 billion of cash and stock for CF Industries Holdings in a deal that would add CF's North American nitrogen, phosphate and crop nutrient distribution assets to Agrium's global wholesale and retail capabilities.
The S&P/TSX Capped Utilities Index gained .90%.
The S&P/TSX Consumer Discretionary Index was .54% lower and the S&P/TSX Consumer Staples Index was down .52%.
Richelieu Hardware (RCH) jumped 6.20% to $16.97.
Maple Leaf Foods (MFI) sank 7.21% to $8.75.
The S&P/TSX Capped Diversified Metals & Mining Index gained .47% as aluminum gained 1.65%, copper gained 2.47% and silver dropped .86% to $13.91.
Sherritt Int’l. (S) tanked 18.92% to $2.10. Osisko Mining (OSK) sank 5.38% to $4.40. Jaguar Mining (JAG) lower by 5.24% to $6.87.
Ivanhoe Mines (IVN) jumping 10.33% to $5.66. Timminco (TIM) higher by 9.86% to $3.12. Hanfeng Evergreen (HF) up 8.24% to $6.96. Altus Min. (ALS) rising 6.04% to $6.50.
Shares of Bombardier Inc. (BBD.B) fell 1.4%. The company said Wednesday that Bombardier Transportation has been awarded a contract in Australia by the Victorian government to build 32 rail cars valued at about $95 million.
Some energy companies reversed higher as oil prices rallied more than 6% to $42.50 a barrel.
Shares of Talisman Energy Inc. (TLM) ended 3.6% higher and shares of Suncor Energy Inc. (SU) gained 1.5%.
Roger Biduk;
The S&P/TSX Capped Health Care Index was higher by 1.34%.
QLT (QLT) jumped 7.32% to $2.20. Atrium Innovastions (ATB) higher by 6.50% to $14.75.
In the service sector, Hartco Inc. Fund (HCI.UN) tanked to 23.08% to $2.30. Guardian Capital GR. (GCG.A) sank 6.25% to $3.00. Ritchie Bros. Auctioneers (RBA) down 6.16% to $19.20. Weston Gr. (WN) down 5.26% to $59.85.
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Stocks in Canada gained Wednesday, with the financial sector leading the market higher, as investors were cheered by a relatively small decline in Toronto-Dominion Bank's first-quarter net income.
In Toronto, the S&P/TSX Composite (ISPTX) closed up 73 points, or 0.9%, at 7,932.3 points. On Tuesday, the index rose 2.8%, tracking a rally on Wall Street.
Advancers led decliners 744 to 742.
The S&P/TSX Capped Financial Index jumped 3.08% today.
NB Split (NBF) soared 34.00% to $3.35. 5Banc Split (FBS.B) jumped 30.00%. Premium Income (PIC.A) higher by 29.44%. Dividend 15 Split (DF) gained 17.57% to $2.61.
Savanna Enegy Serv. (SVY) tanked 9.63% to $4.88. Gluskin Sheff & Ass. (GS) sank 6.76% to $8.00. Livingston Int’l. inc. (LIV.UN) down 6.70% to $3.90. Euitable Gr. (ETC) lower by 6.11% to $10.29.
Kicking off the Canadian bank earnings season, Toronto-Dominion Bank (TD) reported that its net income fell to C$712 million in the first quarter ended Jan. 31, down from C$970 million a year earlier. Adjusted net income fell to C$1.14 billion compared with C$1.06 billion a year earlier.
The bank reported earnings of 82 cents a share, compared with C$1.33 cents a share a year ago. It said that it expects "a worsening economic environment." Shares of the bank closed up 1.7%
Elsewhere in the sector, Royal Bank of Canada (RY) gained 5.3% and the Bank of Nova Scotia (BNS) added 4.2%. Bank of Montreal (BMO) slid 0.9%.
Roger Biduk;
The March crude contract on the New York Mercantile Exchange
soared 6.36% to US$42.50 a barrel and the S&P/TSX Energy Index was 1.87% higher. Natural gas lost 3.93% to $4.03.
Phoenis Tech. Income Fund (PHX.UN) soared 14.65 to $5.79. Zargon Energy Tr. (ZAR.UN) jumped 11.11% to $15.40. Verenex Energy Tr. (VNX) rose 10.64% to $7.80. Trinidad Drilling (TDG) gained 7.59% to $2.55. Petrobank Energy & Res. (PBG) up 6.90% to $19.22.
NuVista Energy (NVA) sank 8.45% to $5.20. Eveready (EIS) down 6.94% to $3.35.
The S&P/TSX Capped Industrial Index dropped 1.34%.
West Fraser Timer (WFT) jumped 8.59% to $26.17.
The S&P/TSX Capped Information Technology Index rose 1.42% and the S&P/TSX Capped Telecom Services Index was down .44%.
Aastra Tech. (AAH) soared 46.70% to $13.76. Evertz Tech. (ET) jumped 13.78% to $11.15. Gennum (GND) gained 10.53% to $4.20. Torstar (TS.B) up 5.10% to $6.39.
In the mining sector, several producers' shares pared earlier gains or registered losses as gold prices slid.
The S&P/TSX Global Gold Index lost .21% as the April bullion contract in New York lost $3.30 to US$966.20 an ounce.
Jaguar Mining (JAG) lost 5.24% to $6.87.
Moto Goldmines (MGL) soared 29.17% to $3.10. US Gold Corp. (UXG) jumped 5.93% to $2.50. Gabriel Res. (GBU) rose 5.51% to $2.68.
Shares in Yamana Gold Inc. (YRI) ended 1.9% higher. Shares of Equinox Minerals Limited (EQN) fell 2.3%. Barrick Gold Corp. (ABX) closed 0.4% lower.
Roger Biduk;
Shares of Agrium Inc. (AGU), a producer of fertilizers and other agricultural products, tumbled 8.5% after it launched an unsolicited bid Wednesday for CF Industries Holdings (US:CF), which itself is making a hostile bid for another firm, Terra Industries (US:TRA).
Calgary-based Agrium said it's bidding $3.6 billion of cash and stock for CF Industries Holdings in a deal that would add CF's North American nitrogen, phosphate and crop nutrient distribution assets to Agrium's global wholesale and retail capabilities.
The S&P/TSX Capped Utilities Index gained .90%.
The S&P/TSX Consumer Discretionary Index was .54% lower and the S&P/TSX Consumer Staples Index was down .52%.
Richelieu Hardware (RCH) jumped 6.20% to $16.97.
Maple Leaf Foods (MFI) sank 7.21% to $8.75.
The S&P/TSX Capped Diversified Metals & Mining Index gained .47% as aluminum gained 1.65%, copper gained 2.47% and silver dropped .86% to $13.91.
Sherritt Int’l. (S) tanked 18.92% to $2.10. Osisko Mining (OSK) sank 5.38% to $4.40. Jaguar Mining (JAG) lower by 5.24% to $6.87.
Ivanhoe Mines (IVN) jumping 10.33% to $5.66. Timminco (TIM) higher by 9.86% to $3.12. Hanfeng Evergreen (HF) up 8.24% to $6.96. Altus Min. (ALS) rising 6.04% to $6.50.
Shares of Bombardier Inc. (BBD.B) fell 1.4%. The company said Wednesday that Bombardier Transportation has been awarded a contract in Australia by the Victorian government to build 32 rail cars valued at about $95 million.
Some energy companies reversed higher as oil prices rallied more than 6% to $42.50 a barrel.
Shares of Talisman Energy Inc. (TLM) ended 3.6% higher and shares of Suncor Energy Inc. (SU) gained 1.5%.
Roger Biduk;
The S&P/TSX Capped Health Care Index was higher by 1.34%.
QLT (QLT) jumped 7.32% to $2.20. Atrium Innovastions (ATB) higher by 6.50% to $14.75.
In the service sector, Hartco Inc. Fund (HCI.UN) tanked to 23.08% to $2.30. Guardian Capital GR. (GCG.A) sank 6.25% to $3.00. Ritchie Bros. Auctioneers (RBA) down 6.16% to $19.20. Weston Gr. (WN) down 5.26% to $59.85.
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Wednesday, February 25, 2009
Roger Biduk; Financials Take Bay Street Higher
Roger Biduk;
If you read my blog yesterday, it started like this:
“The markets have dropped so much that I believe it’s now time to be selective and jump in. I think the ETFs that follow the indexes and the financial sector are the places to look at.”
And I hit the nail on the head.
Many of my clients out there loaded up on these ETFs and they went through the roof today.
Depending on what President Obama has to say later tonight, we may see a follow-through day tomorrow.
Exchange Traded Funds (ETFs) were again among the biggest percentage gainers on Wall Street and Bay Street.
As you know from my writings, the ETF I’ve been buying and recommending for client accounts over the last several days is DIREXION SHARES ETF TRUST (FAS), which soared 27.44% today on huge volume of 174M! I’ve been watching this baby drop to a 52-week low the other day and it was definitely time to buy.
ProShares Ultra Financial (UYG) jumped 21.39% to $2.44. Proshares Ultra Real Estate (URE) rose 16.92% to $3.11. Financial Select Sector (XLF) higher by 12.12% to $8.05.
Canadian ETFs also had a great day.
Horizons BetaPro S&P/TSX Global Gold Bear+ (HGD-T) soared 17.39% to $9.25. Horizons BetaPro S&P/TSX Capped Fin Bull+ ETF (HFU-T) jumped 13.71% to $3.40. Horizons BetaPro S&P/TSX Cap Energy Bull+ ETF (HEU-T) jumped 10.92% to $3.25. Horizons BetaPro MSCI Emerg Markets Bull+ ETF (HJU-T) rose 10.90% to $14.04.
Toronto's main stock index closed sharply higher on Tuesday as oil and gas issues climbed with rising crude prices, while financials strengthened as fears over the fate of the troubled U.S. banking sector eased.
In see-saw action, the benchmark index swung nearly 300 points from trough to peak, with the upside supported by strength in energy issues as oil settled nearly 4 percent higher at $39.96 a barrel. The main pressure to the downside came from weaker gold prices.
Roger Biduk;
The March crude contract on the New York Mercantile Exchange gained 3.95% to US$39.96 a barrel and the S&P/TSX Energy Index was 5.48% higher. Natural gas gained 2.34% to $4.19.
Nexen (NXY) jumped 10.77% to $16.46. Highpine Oil & Gas (HPX) higher by 10.20% to $4.43. Bonavsita (BNP.UN) up 9.65% to $13.75. Cnd. Nat.Res. (CNQ) rose 8.76% to $39.74.
Eveready (EIS) tanked 16.67% to 43.60. Trinidad Drilling (TDG) sank 7.78% to $2.37. Phoenix Tech. inc. Fund (PHX.UN) down 6.31% to $5.05. Angle Energy (NGL) lower by 5.71% to $3.30.
The S&P/TSX Global Gold Index tanked 8.94% as the April bullion contract in New York sank $25.50 to US$969.50 an ounce.
Moto Goldmines (MGL) tanked 18.64% to $2.40. US GoldCorp.(UXG) sank 16.90% to $2.36. Kirkland Lake Gold (KGI)lower by 15.81% to $5.75. Barrick Gold (ABX) down 12.15% to $39.25.
First Quantum Minerals (FM) soared 9.67% to$33.34.
The heavily weighted financial services sector led the TSX higher. The S&P/TSX Capped Financial Index, which lost over 14 per cent soared 7.22% today.
The sector followed U.S. stocks higher after Federal Reserve Chairman Ben Bernanke signaled that nationalization of major U.S. banks was not at hand.
The Toronto Stock Exchange S&P/TSX composite index closed up 211.66 points, or 2.77 percent, at 7,859.33, with nine of its 10 main groups advancing.
The index rose sharply at the open, rebounding from multi-year closing lows on both Canadian and U.S. markets on Monday. At one point on Tuesday, however, the index retreated to touch its lowest level since October 2003.
Roger Biduk;
The S&P/TSX Capped Utilities Index jumped 4.29%.
Atco (ACO.X) rose 6.07% to $35.28. Cdn. Utilities Ltd.(CU) gained 5.14% to $39.70.
Superior Plus (SPB) lost 5.05% to $10.15.
The S&P/TSX Consumer Discretionary Index was higher by 3.55% and the S&P/TSX Consumer Staples Index was up 1.51%.
Cascades (CAS) lost 6.73% to$2.50.
ZCL Composites (ZCL) jumped 7.95% to $4.75. Rogers Sugar income fund (RSI.UN) rose 6.67% to $3.20. Viterra (VT) higher by 6.16% to $10.17%. Glidan Activewear (GIL) up 5.73% to $8.86.
The S&P/TSX Capped Industrial Index rose 3.99%.
Sino-Forest Corp. (TRE) tanked 9.09% to $8.50. Heroux-Devtek (HRX) sank 6.62% to $4.09.
Bombardier (BBD.B) soared 11.70% to $2.96. Bird Construction Income Fund (BDT.UN) jumping 8.63% to $17.14. Martinrea Int’l. (MRE) gained 7.27% to$2.36. ATS Automation Tooling (ATA) gaining 5.12% to $3.49.
The S&P/TSX Capped Information Technology Index rose 1.78% and the S&P/TSX Capped Telecom Services Index was up 1.88%.
Research in Motion (RIM) soared 7.96% to $50.56. Computer Modelling Gr. (CMG) jumped 7.48% to $9.20.
Roger Biduk;
The S&P/TSX Capped Health Care Index was higher by 3.02%.
Medical Facilities (DR.UN) sinking 7.52% to $7.50. QLT (QLT) down 5.09% to $2.05.
Biovail (BVF) higher by 5.63% to $13.70.
In the service sector, Thomson Reuters (TRI) soared 11.47% to $31.49. Westjet (WJA) jumped 6.96% to $11.53. Santec (STN) higher by 6.97% to $24.57. Cdn. Pacific Railway (CP) gained 6.04% to $36.01. Transat A.T. (TRZ.B) gained 5.32% to $9.30.
Transcontinental (TCL.A) tanked 8.62% to $7.95. Reitmans (RET.A) sinking 8.26% to $9.55. Great Cdn. Gaming (GC) losing 8.12% to $3.17. Black Diamond Income Tr. (BDI.UN) down 7.14% to $6.50. Altus Group Inc. Fund (AIF.UN) losing 6.12% to $6.90.
The S&P/TSX Capped Diversified Metals & Mining Index gained 3.41% as aluminum gained 2.54%, copper gained 3.38% and silver dropped 3.15% to $14.00.
Sherritt Int’l. (S) jumping 7.92% to $2.59. Inmet Mining (IMN) gaining 5.49% to $27.50.
New Gold (NGD) tanking 16.84% to $2.47. PDX Resources (PLG) sinking 12.20% to $2.52. Silvercorp Metals (SVM) down 10.93% to $2.77. Aurora Energy Res. (AXU) down $10.59% to $2.11. Red Back Mining (RBI) lower by 9.95% to $7.24.
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If you read my blog yesterday, it started like this:
“The markets have dropped so much that I believe it’s now time to be selective and jump in. I think the ETFs that follow the indexes and the financial sector are the places to look at.”
And I hit the nail on the head.
Many of my clients out there loaded up on these ETFs and they went through the roof today.
Depending on what President Obama has to say later tonight, we may see a follow-through day tomorrow.
Exchange Traded Funds (ETFs) were again among the biggest percentage gainers on Wall Street and Bay Street.
As you know from my writings, the ETF I’ve been buying and recommending for client accounts over the last several days is DIREXION SHARES ETF TRUST (FAS), which soared 27.44% today on huge volume of 174M! I’ve been watching this baby drop to a 52-week low the other day and it was definitely time to buy.
ProShares Ultra Financial (UYG) jumped 21.39% to $2.44. Proshares Ultra Real Estate (URE) rose 16.92% to $3.11. Financial Select Sector (XLF) higher by 12.12% to $8.05.
Canadian ETFs also had a great day.
Horizons BetaPro S&P/TSX Global Gold Bear+ (HGD-T) soared 17.39% to $9.25. Horizons BetaPro S&P/TSX Capped Fin Bull+ ETF (HFU-T) jumped 13.71% to $3.40. Horizons BetaPro S&P/TSX Cap Energy Bull+ ETF (HEU-T) jumped 10.92% to $3.25. Horizons BetaPro MSCI Emerg Markets Bull+ ETF (HJU-T) rose 10.90% to $14.04.
Toronto's main stock index closed sharply higher on Tuesday as oil and gas issues climbed with rising crude prices, while financials strengthened as fears over the fate of the troubled U.S. banking sector eased.
In see-saw action, the benchmark index swung nearly 300 points from trough to peak, with the upside supported by strength in energy issues as oil settled nearly 4 percent higher at $39.96 a barrel. The main pressure to the downside came from weaker gold prices.
Roger Biduk;
The March crude contract on the New York Mercantile Exchange gained 3.95% to US$39.96 a barrel and the S&P/TSX Energy Index was 5.48% higher. Natural gas gained 2.34% to $4.19.
Nexen (NXY) jumped 10.77% to $16.46. Highpine Oil & Gas (HPX) higher by 10.20% to $4.43. Bonavsita (BNP.UN) up 9.65% to $13.75. Cnd. Nat.Res. (CNQ) rose 8.76% to $39.74.
Eveready (EIS) tanked 16.67% to 43.60. Trinidad Drilling (TDG) sank 7.78% to $2.37. Phoenix Tech. inc. Fund (PHX.UN) down 6.31% to $5.05. Angle Energy (NGL) lower by 5.71% to $3.30.
The S&P/TSX Global Gold Index tanked 8.94% as the April bullion contract in New York sank $25.50 to US$969.50 an ounce.
Moto Goldmines (MGL) tanked 18.64% to $2.40. US GoldCorp.(UXG) sank 16.90% to $2.36. Kirkland Lake Gold (KGI)lower by 15.81% to $5.75. Barrick Gold (ABX) down 12.15% to $39.25.
First Quantum Minerals (FM) soared 9.67% to$33.34.
The heavily weighted financial services sector led the TSX higher. The S&P/TSX Capped Financial Index, which lost over 14 per cent soared 7.22% today.
The sector followed U.S. stocks higher after Federal Reserve Chairman Ben Bernanke signaled that nationalization of major U.S. banks was not at hand.
The Toronto Stock Exchange S&P/TSX composite index closed up 211.66 points, or 2.77 percent, at 7,859.33, with nine of its 10 main groups advancing.
The index rose sharply at the open, rebounding from multi-year closing lows on both Canadian and U.S. markets on Monday. At one point on Tuesday, however, the index retreated to touch its lowest level since October 2003.
Roger Biduk;
The S&P/TSX Capped Utilities Index jumped 4.29%.
Atco (ACO.X) rose 6.07% to $35.28. Cdn. Utilities Ltd.(CU) gained 5.14% to $39.70.
Superior Plus (SPB) lost 5.05% to $10.15.
The S&P/TSX Consumer Discretionary Index was higher by 3.55% and the S&P/TSX Consumer Staples Index was up 1.51%.
Cascades (CAS) lost 6.73% to$2.50.
ZCL Composites (ZCL) jumped 7.95% to $4.75. Rogers Sugar income fund (RSI.UN) rose 6.67% to $3.20. Viterra (VT) higher by 6.16% to $10.17%. Glidan Activewear (GIL) up 5.73% to $8.86.
The S&P/TSX Capped Industrial Index rose 3.99%.
Sino-Forest Corp. (TRE) tanked 9.09% to $8.50. Heroux-Devtek (HRX) sank 6.62% to $4.09.
Bombardier (BBD.B) soared 11.70% to $2.96. Bird Construction Income Fund (BDT.UN) jumping 8.63% to $17.14. Martinrea Int’l. (MRE) gained 7.27% to$2.36. ATS Automation Tooling (ATA) gaining 5.12% to $3.49.
The S&P/TSX Capped Information Technology Index rose 1.78% and the S&P/TSX Capped Telecom Services Index was up 1.88%.
Research in Motion (RIM) soared 7.96% to $50.56. Computer Modelling Gr. (CMG) jumped 7.48% to $9.20.
Roger Biduk;
The S&P/TSX Capped Health Care Index was higher by 3.02%.
Medical Facilities (DR.UN) sinking 7.52% to $7.50. QLT (QLT) down 5.09% to $2.05.
Biovail (BVF) higher by 5.63% to $13.70.
In the service sector, Thomson Reuters (TRI) soared 11.47% to $31.49. Westjet (WJA) jumped 6.96% to $11.53. Santec (STN) higher by 6.97% to $24.57. Cdn. Pacific Railway (CP) gained 6.04% to $36.01. Transat A.T. (TRZ.B) gained 5.32% to $9.30.
Transcontinental (TCL.A) tanked 8.62% to $7.95. Reitmans (RET.A) sinking 8.26% to $9.55. Great Cdn. Gaming (GC) losing 8.12% to $3.17. Black Diamond Income Tr. (BDI.UN) down 7.14% to $6.50. Altus Group Inc. Fund (AIF.UN) losing 6.12% to $6.90.
The S&P/TSX Capped Diversified Metals & Mining Index gained 3.41% as aluminum gained 2.54%, copper gained 3.38% and silver dropped 3.15% to $14.00.
Sherritt Int’l. (S) jumping 7.92% to $2.59. Inmet Mining (IMN) gaining 5.49% to $27.50.
New Gold (NGD) tanking 16.84% to $2.47. PDX Resources (PLG) sinking 12.20% to $2.52. Silvercorp Metals (SVM) down 10.93% to $2.77. Aurora Energy Res. (AXU) down $10.59% to $2.11. Red Back Mining (RBI) lower by 9.95% to $7.24.
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