Roger Biduk;
Stock markets enjoyed another positive session Friday, stretching a remarkable buying spree in Toronto and New York to four days, largely fuelled by good news from the financial sector.
While it certainly doesn’t happen all the time, I nailed it this week picking the financials.
The S&P/TSX Capped Financial Index gained .92% for a gain of 18.5% this week.
Brompton Lifeco Split Corp. (LCS) +85.19% to $2.00. Kingsway Financial Services In (KFS) +27.57% to $2.73. AGF Management Limited (AGF.B) +7.82% to $8.13. Artis Real Estate Investment T (AX.UN) +6.87% to $6.38. Macquarie Power & Infrastructu (MPT.UN) +6.30% to $4.89.
Alaris Royalty Corp. (AD) -21.76% to $5.25. Killam Properties Inc. (KMP) -6.93% to $4.70. Fairborne Energy Ltd. (FEL) -5.51% to $2.40.
Toronto's S&P/TSX composite index gained 21.12 points on the day to 8303.39, advancing 9.5 per cent for the week.
The TSX Venture Exchange rose 5.55 points to 848.97.
The Canadian dollar climbed 0.41% to 78.59 cents US despite the news that the unemployment rate jumped half a point to 7.7 per cent with the loss of 82,600 jobs in February. Statistics Canada also reported the country's trade deficit deepened to almost $1 billion in January. Observers didn't think the data had much effect on stock trading.
The S&P/TSX Global Gold Index gained .99% as the April bullion contract in New York rose $6.10 to US$930.10 an ounce.
Greystar Resources Ltd. (GSL) +10.36% to $3.09. Detour Gold Corporation (DGC) +7.57% to $9.24. Gabriel Resources Ltd. (GBU) +6.38% to $2.50.
Roger Biduk;
The April crude contract on the New York Mercantile Exchange dropped 1.68% to $46.25 and natural gas lost 1.58% to $3.93 as the S&P/TSX Energy Index sank .96%. This ahead of a meeting of OPEC Sunday. Traders wondered if the cartel will cut production to support prices, while the International Energy Agency lowered its estimate of global oil demand.
Akita Drilling Ltd. (AKT.A) +6.06% to $7.00. Petro Andina Resources Inc. (PAR) +5.12% to $5.95.
Calfrac Well Services Ltd. (CFW) -6.25% to $6.75. Pacific Rubiales Energy Corp. (PRE) -7.79% to $4.50.
In economic news, 83,000 workers lost their jobs in February, bringing total losses since the peak of last October to 295, Statistics Canada reported on Friday. The unemployment rate rose 0.5 percentage points to 7.7% in February.
The S&P/TSX Capped Diversified Metals & Mining Index lost 1.97% as aluminum gained .82%, copper was 2.46% higher and silver rose 2.10% to $13.22.
Aurora Energy Resources Inc. (AXU) +9.78% to $2.47. Detour Gold Corporation (DGC) +7.57% to $9.24. CIC Energy Corp. (ELC) +7.46% to $2.16.
Forsys Metals Corp. (FSY) -29.52% to $3.70. Athabasca Potash Inc. (API) -5.58% to $2.03. Quadra Mining Ltd. (QUA) -5.18% to $4.21.
Ivanhoe Mines Ltd. (IVN) -14.38% to $5.30 after the Mongolian parliament put off discussions about its Oyu Tolgoi copper-gold complex until next month.
Roger Biduk;
The S&P/TSX Capped Industrial Index lost .48%.
Newalta Inc. (NAL) +17.20% to $2.93.
GLV Inc. (GLV.A) -11.31% to $5.41.
Separately, Canada’s trade deficit widened to C$993 million in January from C$652 million in December, as both exports and imports fell, led by a sharp decline in automotive products trade, the statistics office reported. Overall, exports fell 9.0% to C$31.7 billion, while imports fell 7.9% to C$32.7 billion, the data showed.
The S&P/TSX Capped Utilities Index gained .21%.
The S&P/TSX Consumer Discretionary Index was .40% lower and the S&P/TSX Consumer Staples Index lost .57%.
Linamar Corporation (LNR) +6.12% to $2.60.
Roger Biduk;
The S&P/TSX Capped Health Care Index was lower by 1.74%.
QLT Inc. (QLT) +11.00% to $2.22.
Cangene Corporation (CNJ) -15.96% to $4.79.
In the service sector:
TransForce Inc. (TFI) +9.14% to $3.70. Trimac Income Fund (TMA.UN) +7.50% to $2.15. Forzani Group Ltd. (The) (FGL) +7.07% to $7.87. New Flyer Industries Inc. (NFI.UN) +5.51% to $7.85. Ag Growth Income Fund (AFN.UN) +5.32% to 20.80.
Transcontinental Inc. (TCL.A) -6.86% to $6.52.
The S&P/TSX Capped Information Technology Index lost .38% and the S&P/TSX Capped Telecom Services Index was 2.19% higher.
EXFO Electro-Optical Engineeri (EXF) +13.39% to $3.81. Torstar Corporation (TS.B) +9.47% to $5.200. Enghouse Systems Limited (ESL) +9.17% to $5.00. Aastra Technologies Limited (AAH) +7.83% to $18.60. Tundra Semiconductor Corporati (TUN) +5.26% to $3.00.
www.rogerbiduk.ca
www.rogerbiduk.wordpress.com
www.rogerbiduk.blogspot.com
http://bestcatanddognutrition.wordpress.com
Saturday, March 14, 2009
Thursday, March 12, 2009
Roger Biduk; Bay Street Higher on Financials and Energy
Roger Biduk;
As in the U.S., Canadian ETFs did great today and over the last five days.
Horizons BetaPro S&P/TSX Capped Fin Bull (HFU-T) +12.63% to $4.19 (+36% in 5 days!). Horizons BetaPro S&P/TSX 60 Bull (HXU-T) +7.91% to $9.69 (+21% in 5 days!). Horizons BetaPro S&P 500 Bull Plus ETF (HSU-T) +7.87% to $4.80 (+19% in 5 days!). Horizons BetaPro NASDAQ-100 Bull Plus ETF (HQU-T) +6.56% to $5.36 (+16% in 5 days). Horizons BetaPro MSCI Emerg Markets Bull+ ETF (HJU-T) +7.55% to $14.95 (+22% in 5 days!). Horizons BetaPro Nymex Crude Oil Bull (HOU-T) + 16.12% to $5.98. Horizons BetaPro S&P/TSX Cap Energy Bull+ ETF (HEU-T) +11.41% to $4.20.
A powerful stock-market buying spree has continued for a third day, yielding triple-digit index gains in Toronto and New York driven by ongoing advances in financial and energy shares.
Toronto's S&P/TSX composite index jumped 271.25 points or 3.4 per cent to 8,282.27 on Thursday, up by 715 points or 9.4 per cent in three sessions.
The TSX Venture Exchange added 19.52 points to 843.42 while the Canadian dollar advanced 0.43 of a cent to 78.18 cents US.
The S&P/TSX Capped Financial Index soared 5.58% and is up almost 21 per cent since Monday's close.
Life & Banc Split Corp. (LBS) +25.48% to $3.94. Crown Hill Fund (MYT.UN) +20.94% to $4.10. Scott's Real Estate Investment (SRQ.UN) +20.77% to $4.07. World Financial Split Corp. (WFS) +18.23% to $2.40. Canadian Life Companies Split (LFE) +18.14% to $2.41.
Plutonic Power Corporation (PCC) -5.53% to $2.05.
Roger Biduk;
The April crude contract on the New York Mercantile Exchange soared 11.10% to $47.03 and natural gas jumped 5.19% to $4.00 as the S&P/TSX Energy Index rose 5.02%.
Rumours swirled that Russia, which vies with Saudi Arabia as the world's largest oil producer, will join OPEC in slashing crude production.
Crew Energy Inc. (CR) +14.39% to $3.18. Paramount Energy Trust (PMT.UN) +13.65 to $3.08. Pacific Rubiales Energy Corp. (PRE) +13.49% to $4.88. Galleon Energy Inc. (GO) +13.04% to $2.60. Addax Petroleum Corporation (AXC) +11.70% to $24.35.
The S&P/TSX Global Gold Index jumped 3.61% as the April bullion contract in New York rose $13.30 to US$924.00 an ounce.
Vista Gold Corp. (VGZ) +11.37% to $2.35. Aquiline Resources Inc. (AQI) +8.61% to $2.90. Kirkland Lake Gold Inc. (KGI) +8.19% to $5.68. Markland AGF Precious Metals C (MPM) +6.16% to $6.38. International Minerals Corpora (IMZ) +5.00% to $3.15.
The S&P/TSX Capped Diversified Metals & Mining Index jumped 5.32% as aluminum gained 1.24%, copper was flat and silver rose 1.12% to $12.94.
Teck Cominco Limited (TCK.B) +8.70% to $5.00. Uranium One Inc. (UUU) +8.21% to $2.24. Ivanhoe Mines Ltd. (IVN) +7.84% to $6.19.
Forsys Metals Corp. (FSY) -16.00% to $5.25.
The S&P/TSX Capped Industrial Index rose 2.92%.
Stella-Jones Inc. (SJ) +9.88% to $16.80. GLV Inc. (GLV.A) +9.32% to $6.10. JDS Uniphase Canada Ltd. (JDU) +8.11% to $3.60.
The S&P/TSX Capped Utilities Index lost .22%.
Superior Plus Corp. (SPB) +6.48% to $9.53.
Roger Biduk;
The S&P/TSX Consumer Discretionary Index was 2.92% higher and the S&P/TSX Consumer Staples Index gained 1.43%.
Linamar Corporation (LNR) +11.36% to $2.45. Gildan Activewear Inc. (GIL) +7.59% to $9.21.
The S&P/TSX Capped Health Care Index was higher by 2.46%.
QLT Inc. (QLT) +9.89% to $2.00.
In the service sector:
TransForce Inc. (TFI) +13.76% to $3.39. Empire Company Ltd. (EMP.A) +7.48% to $49.98. Westshore Terminals Income Fun (WTE.UN) +7.01% to $8.55. Guardian Capital Group Ltd. (GCG.A) +6.36% to $3.51. TMX Group Inc. (X) +5.44% to $33.32.
Contrans Income Fund (CSS.UN) -23.81% to $3.20.
The S&P/TSX Capped Information Technology Index gained 1.76% and the S&P/TSX Capped Telecom Services Index was .36% lower.
Miranda Technologies Inc. (MT) +9.17% to $4.88. Celestica Inc. (CLS) +7.80% to $3.87. Aastra Technologies Limited (AAH) +7.01% to $17.25. Torstar Corporation (TS.B) +6.74% to $4.75.
Is your broker or financial advisor giving you or your clients this type of timely, daily information?
I can tell you the answer is most likely …..no!
Give me a call….
I am always looking to form a professional and mutually profitable relationship on a referral basis regarding our respective clients, friends & business associates.
www.rogerbiduk.ca
www.rogerbiduk.wordpress.com
www.rogerbiduk.blogspot.com
http://bestcatanddognutrition.wordpress.com
As in the U.S., Canadian ETFs did great today and over the last five days.
Horizons BetaPro S&P/TSX Capped Fin Bull (HFU-T) +12.63% to $4.19 (+36% in 5 days!). Horizons BetaPro S&P/TSX 60 Bull (HXU-T) +7.91% to $9.69 (+21% in 5 days!). Horizons BetaPro S&P 500 Bull Plus ETF (HSU-T) +7.87% to $4.80 (+19% in 5 days!). Horizons BetaPro NASDAQ-100 Bull Plus ETF (HQU-T) +6.56% to $5.36 (+16% in 5 days). Horizons BetaPro MSCI Emerg Markets Bull+ ETF (HJU-T) +7.55% to $14.95 (+22% in 5 days!). Horizons BetaPro Nymex Crude Oil Bull (HOU-T) + 16.12% to $5.98. Horizons BetaPro S&P/TSX Cap Energy Bull+ ETF (HEU-T) +11.41% to $4.20.
A powerful stock-market buying spree has continued for a third day, yielding triple-digit index gains in Toronto and New York driven by ongoing advances in financial and energy shares.
Toronto's S&P/TSX composite index jumped 271.25 points or 3.4 per cent to 8,282.27 on Thursday, up by 715 points or 9.4 per cent in three sessions.
The TSX Venture Exchange added 19.52 points to 843.42 while the Canadian dollar advanced 0.43 of a cent to 78.18 cents US.
The S&P/TSX Capped Financial Index soared 5.58% and is up almost 21 per cent since Monday's close.
Life & Banc Split Corp. (LBS) +25.48% to $3.94. Crown Hill Fund (MYT.UN) +20.94% to $4.10. Scott's Real Estate Investment (SRQ.UN) +20.77% to $4.07. World Financial Split Corp. (WFS) +18.23% to $2.40. Canadian Life Companies Split (LFE) +18.14% to $2.41.
Plutonic Power Corporation (PCC) -5.53% to $2.05.
Roger Biduk;
The April crude contract on the New York Mercantile Exchange soared 11.10% to $47.03 and natural gas jumped 5.19% to $4.00 as the S&P/TSX Energy Index rose 5.02%.
Rumours swirled that Russia, which vies with Saudi Arabia as the world's largest oil producer, will join OPEC in slashing crude production.
Crew Energy Inc. (CR) +14.39% to $3.18. Paramount Energy Trust (PMT.UN) +13.65 to $3.08. Pacific Rubiales Energy Corp. (PRE) +13.49% to $4.88. Galleon Energy Inc. (GO) +13.04% to $2.60. Addax Petroleum Corporation (AXC) +11.70% to $24.35.
The S&P/TSX Global Gold Index jumped 3.61% as the April bullion contract in New York rose $13.30 to US$924.00 an ounce.
Vista Gold Corp. (VGZ) +11.37% to $2.35. Aquiline Resources Inc. (AQI) +8.61% to $2.90. Kirkland Lake Gold Inc. (KGI) +8.19% to $5.68. Markland AGF Precious Metals C (MPM) +6.16% to $6.38. International Minerals Corpora (IMZ) +5.00% to $3.15.
The S&P/TSX Capped Diversified Metals & Mining Index jumped 5.32% as aluminum gained 1.24%, copper was flat and silver rose 1.12% to $12.94.
Teck Cominco Limited (TCK.B) +8.70% to $5.00. Uranium One Inc. (UUU) +8.21% to $2.24. Ivanhoe Mines Ltd. (IVN) +7.84% to $6.19.
Forsys Metals Corp. (FSY) -16.00% to $5.25.
The S&P/TSX Capped Industrial Index rose 2.92%.
Stella-Jones Inc. (SJ) +9.88% to $16.80. GLV Inc. (GLV.A) +9.32% to $6.10. JDS Uniphase Canada Ltd. (JDU) +8.11% to $3.60.
The S&P/TSX Capped Utilities Index lost .22%.
Superior Plus Corp. (SPB) +6.48% to $9.53.
Roger Biduk;
The S&P/TSX Consumer Discretionary Index was 2.92% higher and the S&P/TSX Consumer Staples Index gained 1.43%.
Linamar Corporation (LNR) +11.36% to $2.45. Gildan Activewear Inc. (GIL) +7.59% to $9.21.
The S&P/TSX Capped Health Care Index was higher by 2.46%.
QLT Inc. (QLT) +9.89% to $2.00.
In the service sector:
TransForce Inc. (TFI) +13.76% to $3.39. Empire Company Ltd. (EMP.A) +7.48% to $49.98. Westshore Terminals Income Fun (WTE.UN) +7.01% to $8.55. Guardian Capital Group Ltd. (GCG.A) +6.36% to $3.51. TMX Group Inc. (X) +5.44% to $33.32.
Contrans Income Fund (CSS.UN) -23.81% to $3.20.
The S&P/TSX Capped Information Technology Index gained 1.76% and the S&P/TSX Capped Telecom Services Index was .36% lower.
Miranda Technologies Inc. (MT) +9.17% to $4.88. Celestica Inc. (CLS) +7.80% to $3.87. Aastra Technologies Limited (AAH) +7.01% to $17.25. Torstar Corporation (TS.B) +6.74% to $4.75.
Is your broker or financial advisor giving you or your clients this type of timely, daily information?
I can tell you the answer is most likely …..no!
Give me a call….
I am always looking to form a professional and mutually profitable relationship on a referral basis regarding our respective clients, friends & business associates.
www.rogerbiduk.ca
www.rogerbiduk.wordpress.com
www.rogerbiduk.blogspot.com
http://bestcatanddognutrition.wordpress.com
Wednesday, March 11, 2009
Roger Biduk; Bay Street Higher on Financials
Roger Biduk;
The Toronto stock market surged for a second day Wednesday in another broad advance led by beaten-down Canadian banks and insurance companies.
Toronto's S&P/TSX composite index closed up 130.61 points to 8,011.02, after a 12 per cent surge in financials pushed the benchmark index up 313 points on Tuesday, the market's best day so far this year.
The TSX Venture Exchange ticked 5.35 points higher to 823.9.
The CDN$ fell 0.06 of a cent to 77.75 cents US.
The S&P/TSX Capped Financial Index gained 2.02.
NB Split Corp. (NBF) +10.81% to $4.10. Allbanc Split Corp. II (ALB) +10.24% to $4.09. Life & Banc Split Corp. (LBS) +10.18% to $3.14. GMP Capital Trust (GMP.UN) +9.67% to $5.90. Dividend 15 Split Corp. (DFN) +9.43% to $5.80.
World Financial Split Corp. (WFS) -10.96% to $2.03. Resverlogix Corp. (RVX) -9.61% to $3.01. Dundee Corporation (DC.A) -6.98% to $4.00. Savanna Energy Services Corp. (SVY) -5.54% to $4.09.
The TSX financial sector was up 2.2 per cent on the day as TD Bank (TSX:TD) rose $1.26 to $39.76 and Royal Bank (TSX:RY) gained 63 cents to $33.57.
Bank of Montreal (TSX:BMO) improved 39 cents to $30.10 as it announced a $200-million preferred share issue paying 6.5 per cent.
The April crude contract on the New York Mercantile Exchange dropped 2.65% to $45.71 and natural gas lost 1.09% to $3.80 as the S&P/TSX Energy Index lost .41%.
The U.S. Department of Energy reported that crude supplies climbed by 700,000 barrels last week against an expected drop of one million barrels.
Avenir Diversified Income Trus (AVF.UN) +6.37% to $3.34. Pacific Rubiales Energy Corp. (PRE) +6.17% to $4.30. Parkland Income Fund (PKI.UN) +5.76% to $7.35.
Paramount Energy Trust (PMT.UN) -8.14% to $2.71. Paramount Resources Ltd. (POU)
-7.59% to $4.87. Galleon Energy Inc. (GO) -5.74% to $2.30. Breaker Energy Ltd. (WAV)
-5.53% to $2.22.
Roger Biduk;
The S&P/TSX Global Gold Index jumped 6.07% as the April bullion contract in New York jumped $14.80 to US$910.70 an ounce.
Vista Gold Corp. (VGZ) +12.70% to $2.13. Greystar Resources Ltd. (GSL) +10.57% to $2.72. US Gold Corporation (UXG) +10.19% to $2.38. Alamos Gold Inc. (AGI) +8.93% to $8.05. Queenston Mining Inc. (QMI) +8.70% to $3.50.
The S&P/TSX Capped Diversified Metals & Mining Index gained 3.14% as aluminum gained 1.24%, copper lost 3.50% and silver rose 2.07% to $12.80.
Teck Cominco Limited (TCK.B) +12.47% to $4.60. Uranium One Inc. (UUU) +9.52% to $2.07. Agrium Inc. (AGU) +6.54% to $47.73. Migao Corporation (MGO) +5.54% to $5.72. Athabasca Potash Inc. (API) +5.50% to $2.11.
The S&P/TSX Capped Industrial Index rose 1.41%.
Bombardier Inc. (TSX:BBD.B) climbed 12 cents to $2.71 after it finalized a sale of 30 new CS100 jets for US$1.5 billion to Germany's Lufthansa.
Newalta Inc. (NAL) -9.00% to $2.63.
The S&P/TSX Capped Utilities Index rose .69%.
The S&P/TSX Consumer Discretionary Index was .13% higher and the S&P/TSX Consumer Staples Index lost .77%.
Gildan Activewear Inc. (GIL) +5.68% to $8.56.
Linamar Corporation (LNR) -9.47% to $2.20. Richards Packaging Income Fund (RPI.UN) -9.06% to $2.51. Winpak Ltd. (WPK) -6.45% to $6.53. ZCL Composites Inc. (ZCL) -5.38% to $4.40.
The S&P/TSX Capped Health Care Index was higher by .57.
Roger Biduk;
In the service sector:
Patheon Inc. (PTI) +18.78% to $2.53. Transcontinental Inc. (TCL.A) +7.19% to $6.71. Ag Growth Income Fund (AFN.UN) +6.54% to $19.39. RONA Inc. (RON) +5.44% to $10.86.
Transat A.T. Inc (TRZ.B) -9.87% to $6.85.
The S&P/TSX Capped Information Technology Index gained 2.49% and the S&P/TSX Capped Telecom Services Index was .78% lower. Descartes Systems Group Inc. (DSG) +10.79% to $3.08. Evertz Technologies Limited (ET) +10.09% to $11.67. Aastra Technologies Limited (AAH) +6.47% to $16.12.
www.rogerbiduk.ca
www.rogerbiduk.wordpress.com
www.rogerbiduk.blogspot.com
http://bestcatanddognutrition.wordpress.com
The Toronto stock market surged for a second day Wednesday in another broad advance led by beaten-down Canadian banks and insurance companies.
Toronto's S&P/TSX composite index closed up 130.61 points to 8,011.02, after a 12 per cent surge in financials pushed the benchmark index up 313 points on Tuesday, the market's best day so far this year.
The TSX Venture Exchange ticked 5.35 points higher to 823.9.
The CDN$ fell 0.06 of a cent to 77.75 cents US.
The S&P/TSX Capped Financial Index gained 2.02.
NB Split Corp. (NBF) +10.81% to $4.10. Allbanc Split Corp. II (ALB) +10.24% to $4.09. Life & Banc Split Corp. (LBS) +10.18% to $3.14. GMP Capital Trust (GMP.UN) +9.67% to $5.90. Dividend 15 Split Corp. (DFN) +9.43% to $5.80.
World Financial Split Corp. (WFS) -10.96% to $2.03. Resverlogix Corp. (RVX) -9.61% to $3.01. Dundee Corporation (DC.A) -6.98% to $4.00. Savanna Energy Services Corp. (SVY) -5.54% to $4.09.
The TSX financial sector was up 2.2 per cent on the day as TD Bank (TSX:TD) rose $1.26 to $39.76 and Royal Bank (TSX:RY) gained 63 cents to $33.57.
Bank of Montreal (TSX:BMO) improved 39 cents to $30.10 as it announced a $200-million preferred share issue paying 6.5 per cent.
The April crude contract on the New York Mercantile Exchange dropped 2.65% to $45.71 and natural gas lost 1.09% to $3.80 as the S&P/TSX Energy Index lost .41%.
The U.S. Department of Energy reported that crude supplies climbed by 700,000 barrels last week against an expected drop of one million barrels.
Avenir Diversified Income Trus (AVF.UN) +6.37% to $3.34. Pacific Rubiales Energy Corp. (PRE) +6.17% to $4.30. Parkland Income Fund (PKI.UN) +5.76% to $7.35.
Paramount Energy Trust (PMT.UN) -8.14% to $2.71. Paramount Resources Ltd. (POU)
-7.59% to $4.87. Galleon Energy Inc. (GO) -5.74% to $2.30. Breaker Energy Ltd. (WAV)
-5.53% to $2.22.
Roger Biduk;
The S&P/TSX Global Gold Index jumped 6.07% as the April bullion contract in New York jumped $14.80 to US$910.70 an ounce.
Vista Gold Corp. (VGZ) +12.70% to $2.13. Greystar Resources Ltd. (GSL) +10.57% to $2.72. US Gold Corporation (UXG) +10.19% to $2.38. Alamos Gold Inc. (AGI) +8.93% to $8.05. Queenston Mining Inc. (QMI) +8.70% to $3.50.
The S&P/TSX Capped Diversified Metals & Mining Index gained 3.14% as aluminum gained 1.24%, copper lost 3.50% and silver rose 2.07% to $12.80.
Teck Cominco Limited (TCK.B) +12.47% to $4.60. Uranium One Inc. (UUU) +9.52% to $2.07. Agrium Inc. (AGU) +6.54% to $47.73. Migao Corporation (MGO) +5.54% to $5.72. Athabasca Potash Inc. (API) +5.50% to $2.11.
The S&P/TSX Capped Industrial Index rose 1.41%.
Bombardier Inc. (TSX:BBD.B) climbed 12 cents to $2.71 after it finalized a sale of 30 new CS100 jets for US$1.5 billion to Germany's Lufthansa.
Newalta Inc. (NAL) -9.00% to $2.63.
The S&P/TSX Capped Utilities Index rose .69%.
The S&P/TSX Consumer Discretionary Index was .13% higher and the S&P/TSX Consumer Staples Index lost .77%.
Gildan Activewear Inc. (GIL) +5.68% to $8.56.
Linamar Corporation (LNR) -9.47% to $2.20. Richards Packaging Income Fund (RPI.UN) -9.06% to $2.51. Winpak Ltd. (WPK) -6.45% to $6.53. ZCL Composites Inc. (ZCL) -5.38% to $4.40.
The S&P/TSX Capped Health Care Index was higher by .57.
Roger Biduk;
In the service sector:
Patheon Inc. (PTI) +18.78% to $2.53. Transcontinental Inc. (TCL.A) +7.19% to $6.71. Ag Growth Income Fund (AFN.UN) +6.54% to $19.39. RONA Inc. (RON) +5.44% to $10.86.
Transat A.T. Inc (TRZ.B) -9.87% to $6.85.
The S&P/TSX Capped Information Technology Index gained 2.49% and the S&P/TSX Capped Telecom Services Index was .78% lower. Descartes Systems Group Inc. (DSG) +10.79% to $3.08. Evertz Technologies Limited (ET) +10.09% to $11.67. Aastra Technologies Limited (AAH) +6.47% to $16.12.
www.rogerbiduk.ca
www.rogerbiduk.wordpress.com
www.rogerbiduk.blogspot.com
http://bestcatanddognutrition.wordpress.com
Tuesday, March 10, 2009
Roger Biduk; Bay Street has Largest Yearly Gain
Roger Biduk;
Did you read my email that I sent on Monday morning regarding what ETFs to buy on an upcoming bear market rally I saw coming?
Hopefully you did and bought (as my clients did) the ones I included.
Horizon BetaPro S&P/TSX Financials Bull Plus (HFU) soared 25.00% to $3.60, (HQU) was up 12.18% and (HXU) rose 9.07%.
The ETFs in the U.S. markets that I talked about (see below) did even better as they are leveraged 3-1 compared to the Canadian ones at 2-1.
Stock markets surged on a huge runup in bank and insurance shares Tuesday after American financial-services giant Citigroup Inc. said it was profitable in the first two months of this year.
Toronto's S&P/TSX composite index jumped 313.47 points or 4.1 per cent to 7,880.41, powered by a 12 per cent charge in the financial sector. It was the biggest gain this year for the benchmark Canadian index.
The TSX Venture Exchange edged 4.36 points higher to 818.55.
The Canadian dollar rose 0.83 cent to 77.81 cents US after losing almost half a cent Monday to its lowest close since September 2004.
Of the ten sectors I follow on the Toronto market, all were higher except for the gold sector.
The S&P/TSX Global Gold Index tanked 7.37% as the April bullion contract in New York sank $22.10 to US$895.90 an ounce.
Minefinders Corporation Ltd. (MFL.WT) -19.35% to $2.50. Kinross Gold Corporation (K.WT.B) -12.67% to $2.62. US Gold Corporation (UXG) -12.10% to $2.18. Kinross Gold Corporation (K.WT.C) -10.91% to $4.41. Aquiline Resources Inc. (AQI) -10.10% to $2.58.
Roger Biduk;
The market also got support from energy stocks even as the price of crude oil moved lower.
The April crude contract on the New York Mercantile Exchange dropped 2.89% to $45.71 and natural gas lost .65% to $3.84 as the S&P/TSX Energy Index gained 2.93%.
Breaker Energy Ltd. (WAV) +9.30% to $2.350. Flint Energy Services Ltd. (FES) +7.11% to $5.12. Gran Tierra Energy Inc. (GTE) +6.17% to $3.27. Destiny Resource Services Corp (DSC) +6.00% to $2.12. Canadian Natural Resources Lim (CNQ) +5.99% to $46.00.
Avenir Diversified Income Trus (AVF.UN) -19.49% to $3.14. Paramount Resources Ltd. (POU)
-6.73% to $5.27. Badger Income Fund (BAD.UN) -5.95% to $10.90. Cathedral Energy Services Inco (CET.UN) -5.31% to $2.14.
Oil earlier had surged as high as US$48.32 as OPEC signalled another production cut is likely within days, but then pulled back after the U.S. Energy Department predicted oil will average US$42 a barrel this year and US$53 next year. A month ago, it had predicted prices of US$43 and US$55.
The S&P/TSX Capped Diversified Metals & Mining Index jumped 5.92% as aluminum gained 1.68%, copper gained 2.74% and silver fell 3.09% to $12.54.
Inmet Mining Corporation (IMN) +14.48% to $31.07. Quadra Mining Ltd. (QUA) +10.67% to $4.15. Teck Cominco Limited (TCK.B) +9.95% to $4.09. Breaker Energy Ltd. (WAV) +9.30% to $2.35. Athabasca Potash Inc. (API) +8.70% to $2.00. Flint Energy Services Ltd. (FES) +7.11% to $5.12. Potash Corporation of Saskatch (POT) +6.92% to $96.26.
Red Back Mining Inc. (RBI) -8.75% to $6.57. Fronteer Development Group Inc (FRG) -8.21% to $2.57. Pan American Silver Corp. (PAA) -6.88% to $16.51.
HudBay Minerals Inc. (TSX: HBM.TO) rose 19 cents to $5.90 after the resignation of Allen Palmiere as CEO, effective immediately. His departure comes as a major shareholder seeks to shake up the mining company's board after the collapse of HudBay's proposed merger with Lundin Mining Corp. (TSX: LUN.TO).
Roger Biduk;
The S&P/TSX Capped Financial Index soared 12.04%.
Life & Banc Split Corp. (LBS) +35.71% to $2.85. Allbanc Split Corp. II (ALB) +34.91% to $3.71. Canadian Life Companies Split (LFE) +33.97% to $2.09. Financial 15 Split Corp. (FTN) +31.45% to $3.26. R Split III Corp. (RBS) +24.29% to $4.35.
iShares CDN S&P/TSX Global Gol (XGD) -7.09% to $17.42. Birchcliff Energy Ltd. (BIR)
-7.02% to $4.90. Franco-Nevada Corporation (FNV) -5.79% to $24.73.
The S&P/TSX Capped Industrial Index jumped 6.60%.
TimberWest Forest Corp. (TWF.UN) +14.04% to $2.68. SNC - Lavalin Group Inc. (SNC) +11.63% to $31.59. Bombardier Inc. (BBD.B) +10.68% to $2.59. Seacliff Construction Corp. (SDC) +8.00% to $6.75. ATS Automation Tooling Systems (ATA) +7.97% to $3.25.
The S&P/TSX Capped Utilities Index rose .31%.
The S&P/TSX Consumer Discretionary Index was 4.17% higher and the S&P/TSX Consumer Staples Index gained .44%.
Gildan Activewear Inc. (GIL) +7.43% to $8.10. Richards Packaging Income Fund (RPI.UN) +7.39% to $2.76. Hammond Power Solutions Inc. (HPS.A) +6.75% to $7.75. Cascades Inc. (CAS) +6.15% to $2.07.
The S&P/TSX Capped Health Care Index was higher by 3.80%.
Biovail Corporation (BVF) +6.37% to $14.20. BioMS Medical Corp. (MS) +5.29% to $2.39.
Roger Biduk;
In the service sector:
Great Canadian Gaming Corporat (GC) +12.29% to $2.65. Stantec Inc. (STN) +11.83% to $21.17. Transcontinental Inc. (TCL.A) +11.11% to $6.20. Wajax Income Fund (WJX.UN) +10.00% to $12.10. Cargojet Income Fund (CJT.UN) +8.89% to $2.45.
Second Cup Royalty Income Fund (SCU.UN) -7.96% to $4.51. Trimac Income Fund (TMA.UN)
-9.05% to $2.01.
The S&P/TSX Capped Information Technology Index gained 3.39% and the S&P/TSX Capped Telecom Services Index was 3.72% higher. 5N Plus Inc. (VNP) +13.36% to $5.09. Tundra Semiconductor Corporati (TUN) +9.62% to $2.85. Research in Motion Limited (RIM) +9.47% to $50.30. Celestica Inc. (CLS) +7.04% to $3.65.
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Did you read my email that I sent on Monday morning regarding what ETFs to buy on an upcoming bear market rally I saw coming?
Hopefully you did and bought (as my clients did) the ones I included.
Horizon BetaPro S&P/TSX Financials Bull Plus (HFU) soared 25.00% to $3.60, (HQU) was up 12.18% and (HXU) rose 9.07%.
The ETFs in the U.S. markets that I talked about (see below) did even better as they are leveraged 3-1 compared to the Canadian ones at 2-1.
Stock markets surged on a huge runup in bank and insurance shares Tuesday after American financial-services giant Citigroup Inc. said it was profitable in the first two months of this year.
Toronto's S&P/TSX composite index jumped 313.47 points or 4.1 per cent to 7,880.41, powered by a 12 per cent charge in the financial sector. It was the biggest gain this year for the benchmark Canadian index.
The TSX Venture Exchange edged 4.36 points higher to 818.55.
The Canadian dollar rose 0.83 cent to 77.81 cents US after losing almost half a cent Monday to its lowest close since September 2004.
Of the ten sectors I follow on the Toronto market, all were higher except for the gold sector.
The S&P/TSX Global Gold Index tanked 7.37% as the April bullion contract in New York sank $22.10 to US$895.90 an ounce.
Minefinders Corporation Ltd. (MFL.WT) -19.35% to $2.50. Kinross Gold Corporation (K.WT.B) -12.67% to $2.62. US Gold Corporation (UXG) -12.10% to $2.18. Kinross Gold Corporation (K.WT.C) -10.91% to $4.41. Aquiline Resources Inc. (AQI) -10.10% to $2.58.
Roger Biduk;
The market also got support from energy stocks even as the price of crude oil moved lower.
The April crude contract on the New York Mercantile Exchange dropped 2.89% to $45.71 and natural gas lost .65% to $3.84 as the S&P/TSX Energy Index gained 2.93%.
Breaker Energy Ltd. (WAV) +9.30% to $2.350. Flint Energy Services Ltd. (FES) +7.11% to $5.12. Gran Tierra Energy Inc. (GTE) +6.17% to $3.27. Destiny Resource Services Corp (DSC) +6.00% to $2.12. Canadian Natural Resources Lim (CNQ) +5.99% to $46.00.
Avenir Diversified Income Trus (AVF.UN) -19.49% to $3.14. Paramount Resources Ltd. (POU)
-6.73% to $5.27. Badger Income Fund (BAD.UN) -5.95% to $10.90. Cathedral Energy Services Inco (CET.UN) -5.31% to $2.14.
Oil earlier had surged as high as US$48.32 as OPEC signalled another production cut is likely within days, but then pulled back after the U.S. Energy Department predicted oil will average US$42 a barrel this year and US$53 next year. A month ago, it had predicted prices of US$43 and US$55.
The S&P/TSX Capped Diversified Metals & Mining Index jumped 5.92% as aluminum gained 1.68%, copper gained 2.74% and silver fell 3.09% to $12.54.
Inmet Mining Corporation (IMN) +14.48% to $31.07. Quadra Mining Ltd. (QUA) +10.67% to $4.15. Teck Cominco Limited (TCK.B) +9.95% to $4.09. Breaker Energy Ltd. (WAV) +9.30% to $2.35. Athabasca Potash Inc. (API) +8.70% to $2.00. Flint Energy Services Ltd. (FES) +7.11% to $5.12. Potash Corporation of Saskatch (POT) +6.92% to $96.26.
Red Back Mining Inc. (RBI) -8.75% to $6.57. Fronteer Development Group Inc (FRG) -8.21% to $2.57. Pan American Silver Corp. (PAA) -6.88% to $16.51.
HudBay Minerals Inc. (TSX: HBM.TO) rose 19 cents to $5.90 after the resignation of Allen Palmiere as CEO, effective immediately. His departure comes as a major shareholder seeks to shake up the mining company's board after the collapse of HudBay's proposed merger with Lundin Mining Corp. (TSX: LUN.TO).
Roger Biduk;
The S&P/TSX Capped Financial Index soared 12.04%.
Life & Banc Split Corp. (LBS) +35.71% to $2.85. Allbanc Split Corp. II (ALB) +34.91% to $3.71. Canadian Life Companies Split (LFE) +33.97% to $2.09. Financial 15 Split Corp. (FTN) +31.45% to $3.26. R Split III Corp. (RBS) +24.29% to $4.35.
iShares CDN S&P/TSX Global Gol (XGD) -7.09% to $17.42. Birchcliff Energy Ltd. (BIR)
-7.02% to $4.90. Franco-Nevada Corporation (FNV) -5.79% to $24.73.
The S&P/TSX Capped Industrial Index jumped 6.60%.
TimberWest Forest Corp. (TWF.UN) +14.04% to $2.68. SNC - Lavalin Group Inc. (SNC) +11.63% to $31.59. Bombardier Inc. (BBD.B) +10.68% to $2.59. Seacliff Construction Corp. (SDC) +8.00% to $6.75. ATS Automation Tooling Systems (ATA) +7.97% to $3.25.
The S&P/TSX Capped Utilities Index rose .31%.
The S&P/TSX Consumer Discretionary Index was 4.17% higher and the S&P/TSX Consumer Staples Index gained .44%.
Gildan Activewear Inc. (GIL) +7.43% to $8.10. Richards Packaging Income Fund (RPI.UN) +7.39% to $2.76. Hammond Power Solutions Inc. (HPS.A) +6.75% to $7.75. Cascades Inc. (CAS) +6.15% to $2.07.
The S&P/TSX Capped Health Care Index was higher by 3.80%.
Biovail Corporation (BVF) +6.37% to $14.20. BioMS Medical Corp. (MS) +5.29% to $2.39.
Roger Biduk;
In the service sector:
Great Canadian Gaming Corporat (GC) +12.29% to $2.65. Stantec Inc. (STN) +11.83% to $21.17. Transcontinental Inc. (TCL.A) +11.11% to $6.20. Wajax Income Fund (WJX.UN) +10.00% to $12.10. Cargojet Income Fund (CJT.UN) +8.89% to $2.45.
Second Cup Royalty Income Fund (SCU.UN) -7.96% to $4.51. Trimac Income Fund (TMA.UN)
-9.05% to $2.01.
The S&P/TSX Capped Information Technology Index gained 3.39% and the S&P/TSX Capped Telecom Services Index was 3.72% higher. 5N Plus Inc. (VNP) +13.36% to $5.09. Tundra Semiconductor Corporati (TUN) +9.62% to $2.85. Research in Motion Limited (RIM) +9.47% to $50.30. Celestica Inc. (CLS) +7.04% to $3.65.
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Saturday, March 7, 2009
Roger Biduk; Bay Street Slumps to 2003 Levels
Roger Biduk;
The Toronto stock market capped a losing week that saw its key index hit multi-year lows with a negative close Friday following enormous job losses in the U.S. last month.
Toronto's S&P/TSX composite index closed down 37.7 points to 7,591.47.
The TSX Venture Exchange was off 0.57 of a point to 829.12, while the CDN$ 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 $37.82.
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The Toronto stock market capped a losing week that saw its key index hit multi-year lows with a negative close Friday following enormous job losses in the U.S. last month.
Toronto's S&P/TSX composite index closed down 37.7 points to 7,591.47.
The TSX Venture Exchange was off 0.57 of a point to 829.12, while the CDN$ 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 $37.82.
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Friday, March 6, 2009
Roger Biduk, Bay Street Sinks on Energy & Financials
Roger Biduk;
I don’t usually make recommendations in this email (and I’m still not) but there are some sectors that are worth looking at after these huge drops.
I’m expecting a huge but brief relief rally that should bring the indexes, commodity and financial sectors to some sharp gains. I’d be looking at ETFs that are leveraged in these areas.
It could start tomorrow when the employment numbers come out at 8:30 AM. in the U.S. The non-farm payrolls numbers and unemployment rate are going to be ugly. But that could be a short-term catalyst washing out any remaining sellers going forward.
Ten of the eleven sectors I follow on Bay Street fell today as the S&P/TSX composite index lost Wednesday's 183-point advance, falling 185.58 points to 7,629.17.
The TSX Venture Exchange slipped 1.26 points to 829.69 while the CDN$ 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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