Roger Biduk
Toronto's main index finished higher Wednesday, but backed off earlier triple-digit gains, as questions about the direction of the global economy weighed on markets.
The S&P/TSX Capped Financial Index fell 1.22%.
Scott's Real Estate Investment (SRQ.UN) +7.32% to $4.40. Extendicare Real Estate Invest (EXE.UN) +7.97% to $4.74.
Crown Hill Fund (MYT.UN) -11.59% to $3.66.
The S&P/TSX composite index rose 31.98 points to 9,279.15, after climbing as much as 164 points in the afternoon.
The TSX Venture Exchange fell 4.74 points to 979.12.
S&P/TSX Capped Diversified Metals & Mining Index dropped 0.65% as aluminum was flat, copper was 0.94% lower at $2.06 and silver rose 2.03% to $12.31.
Uranium One Inc. (UUU) +8.90% to $3.06. Red Back Mining Inc. (RBI) +6.39% to $8.16. Jaguar Mining Inc. (JAG) +6.02% to $6.69. Gerdau AmeriSteel Corporation (GNA) +5.78% to $6.04. Silvercorp Metals Inc. (SVM) +5.41% to $2.73.
Roger Biduk
The International Monetary Fund is projecting a 1.3 per cent drop in global economic activity this year, the first decline in six decades. The new forecast of a decline in global economic activity for 2009 is much weaker than the 0.5 per cent growth the IMF had estimated in January.
The April crude contract on the New York Mercantile Exchange rose 0.62% to $48.85 and natural gas was up 0.28% to $3.65 as the S&P/TSX Energy Index rose 1.66%.
Eveready Inc. (EIS) +17.91% to $3.95. Heritage Oil Corporation (HOC) +10.06% to $7.44. Trinidad Drilling Ltd. (TDG) +9.65% to $4.66. Flint Energy Services Ltd. (FES) +6.83% to $6.73. Ensign Energy Services Inc. (ESI) +5.40% to $13.46.
The U.S. Energy Information Administration said that crude inventories rose by 3.7 million barrels to 370.6 million barrels, which is the highest level in nearly 19 years.
The CDN$ moved down 0.24 cent to 80.65 cents U.S., and Statistics Canada reported its composite leading index fell 1.3 per cent in March, another contraction as the manufacturing sector faced widespread cutbacks.
Roger Biduk
The S&P/TSX Capped Telecom Services Index was 0.52% higher and the S&P/TSX Capped Information Technology Index rose 0.46%.
Aastra Technologies Limited (AAH) +34.73% to $30.65. DragonWave Inc. (DWI) +19.72% to $2.55. March Networks Corporation (MN) +8.81% to $3.21.
EnCana Corp. (TSX:ECA) topped expectations as its first-quarter profit soared to US$962 million or $1.28 per share, from $93 million a year ago. Its shares were up $2.21 to $54.92.
The S&P/TSX Capped Health Care Index was lower by 0.86%.
Novadaq Technologies Inc. (NDQ) +16.28% to $3.50. Theratechnologies Inc. (TH) +7.39% to $3.05.
QLT Inc. (QLT) -5.66% to $2.500. Oncolytics Biotech Inc. (ONC) -6.02% to $2.03.
Precision Drilling Trust (TSX:PD.UN) reported a first-quarter net profit of $57 million, down 46 per cent from a year ago amid an "unprecedented" slump in oilpatch activity. Its units closed 32 cents higher to $5.55.
Roger Biduk
The S&P/TSX Consumer Discretionary Index was 1.02% higher and the S&P/TSX Consumer Staples Index fell 0.33%.
Canfor Pulp Income Fund (CFX.UN) +9.90% to $2.22. Cascades Inc. (CAS) +8.33% to $3.25.
Toromont Industries Ltd. (TSX:TIH) booked a record 44 per cent year-over-year increase in first quarter profit to $23.7 million as revenue rose to $457.7 million despite lower booking activities. Shares of the company ended up 91 cents at $24.90.
The S&P/TSX Global Gold Index rose 0.74% as the April bullion contract in New York rose $9.80 to US$892.20 an ounce.
Centerra Gold Inc. (CG) +11.42% to $6.44. Kirkland Lake Gold Inc. (KGI) +7.35% to $7.30. Jaguar Mining Inc. (JAG) +6.02% to $6.69. NovaGold Resources Inc (NG) +5.05% to $2.91.
Canwest Global Communications Corp. (TSX:CGS) gained four cents to 28 cents after the media conglomerate arranged another reprieve from lenders and noteholders, this time until May 5.
Roger Biduk
In the Service sector:
CanWel Building Materials Inco (CWX.UN) +14.85% to $2.63. Transat A.T. Inc (TRZ.A) +12.88% to $11.04. Garda World Security Corporati (GW) +10.41% to $2.97. Transat A.T. Inc (TRZ.B) +7.06% to $10.77. Finning International Inc. (FTT) +6.95% to $14.00.
Gamehost Income Fund (GH.UN) -5.39% to $6.50.
Clothing retailer West 49 Inc. (TSX:WXX) dropped to an $8.5-million net loss in its latest quarter, and also said it was in violation of a bank covenant at the end of the quarter, though it has obtained a waiver until June 30. The company expects to violate another covenant when the current quarter closes at the end of this month. Shares lost 55 cents to close at 31 cents.
The S&P/TSX Capped Industrials Index was up 0.47%.
The S&P/TSX Capped Utilities Index rose 0.36%.
www.rogerbiduk.ca
www.rogerbiduk.wordpress.com
www.rogerbiduk.blogspot.com
http://bestcatanddognutrition.wordpress.com
Wednesday, April 22, 2009
Tuesday, April 21, 2009
Roger Biduk; Bay Street Higher
Roger Biduk
Stock markets ended in positive territory Tuesday despite weak U.S. corporate earnings reports and a warning by the Bank of Canada that the recession will be deeper than it previously predicted.
The S&P/TSX Capped Financial Index rose 2.80%.
GMP Capital Trust (GMP.UN) +8.61% to $8.96. Brookfield Properties Corporat (BPO) +8.52% to $9.17. Birchcliff Energy Ltd. (BIR) +8.24% to $6.44. IGM Financial Inc. (IGM) +7.37% to $35.99. Fairborne Energy Ltd. (FEL) +6.75% to $4.27.
Toronto's S&P/TSX composite index ended higher by 121.02 points at 9,247.17, reversing an early slide that followed the central bank's decision to cut its key policy rate by a quarter-point to 0.25 per cent in an effort to jolt the economy into life.
The TSX Venture Exchange lost 1.05 points to 974.38.
The Canadian dollar closed up 0.15 of a cent at 80.89 cents US, after briefly dipping below 80 cents in early action.
Roger Biduk
S&P/TSX Capped Diversified Metals & Mining Index soared 11.39% as aluminum rose 1.15%, copper was 1.19% lower at $2.08 and silver lost 0.37% to $12.06.
Gerdau AmeriSteel Corporation (GNA) +8.76% to $5.71. Forsys Metals Corp. (FSY) +6.25% to $4.59. Inmet Mining Corporation (IMN) +6.02% to $36.65.
On the TSX, Teck Cominco (TCK.B) surged 36.88% to $12.47 after it stabilized its debt situation while reporting a first-quarter profit of $241 million, off from $345 million a year ago although revenue was up 11 per cent to $1.71 billion.
The April crude contract on the New York Mercantile Exchange rose 1.37% to $46.51 and natural gas was down 0.87% to $3.64 as the S&P/TSX Energy Index rose 1.86%.
Eveready Inc. (EIS) +20.07% to $3.35. OPTI Canada Inc. (OPC) +13.74% to $2.07. Cathedral Energy Services Inco (CET.UN) +12.79% to $4.41. Pason Systems Inc. (PSI) +8.77% to $10.91. Trican Well Service Ltd. (TCW) +7.03% to $9.140.
Heritage Oil Corporation (HOC) -8.65% to $6.76.
Timminco Ltd. (TSX:TIM) continued its fall from grace, losing 23% to $1.82 following Monday's 38 per cent drop on news that customers for its solar-panel-grade silicon are claiming their contracts have been terminated due to non-compliance. Timminco shares were worth over $35 last June after a dramatic run-up.
Roger Biduk
The S&P/TSX Capped Telecom Services Index was 1.37% higher and the S&P/TSX Capped Information Technology Index rose 2.81%.
DragonWave Inc. (DWI) +17.03% to $2.13. Celestica Inc. (CLS) +7.79% to $5.950. Aastra Technologies Limited (AAH) +7.36% to $22.75.
Canadian National Railway Co. (TSX:CNR) moved ahead $1.33 to $50.11 after announcing that retiring CEO Hunter Harrison will be succeeded at year-end by chief financial officer Claude Mongeau. That followed CN's report that quarterly earnings increased to $424 million from $311 million, thanks to a one-time gain.
The S&P/TSX Capped Health Care Index was higher by 1.71%.
Oncolytics Biotech Inc. (ONC) +15.51% to $2.16.
The S&P/TSX Capped Industrials Index was up 0.97%.
ADF Group Inc. (DRX) +5.91% to $2.15.
Ballard Power Systems Inc. (BLD) +5.11% to $2.47.
Canfor Corporation (CFP) -7.45% to $5.09.
Roger Biduk
The S&P/TSX Consumer Discretionary Index was 0.37% higher and the S&P/TSX Consumer Staples Index rose 0.56%.
Linamar Corporation (LNR) +10.39% to $4.25. Canfor Pulp Income Fund (CFX.UN) +6.88% to $2.02. Gildan Activewear Inc. (GIL) +5.40% to $15.41.
Arctic Glacier Income Fund (AG.UN) -20.00% to $2.00.
The S&P/TSX Capped Utilities Index fell 0.44%.
The S&P/TSX Global Gold Index fell 2.62% as the April bullion contract in New York fell $4.80 to US$882.70 an ounce.
Centerra Gold Inc. (CG) +7.84% to $5.78.
Kinross Gold Corporation (K.WT.C) -10.35% to $3.55. Aquiline Resources Inc. (AQI) -9.05% to $2.21.Alamos Gold Inc. (AGI) -5.15% to $7.37.
In the Service sector:
TransForce Inc. (TFI) +10.75% to $4.43. Coast Wholesale Appliances Inc (CWA.UN) +8.17% to $2.25. Intermap Technologies Corporat (IMP) +7.94% to $2.04. MacDonald, Dettwiler and Assoc (MDA) +7.08% to $26.92. Westshore Terminals Income Fun (WTE.UN) +6.12% to $10.75. Cargojet Income Fund (CJT.UN) to -5.10% to $2.79.
www.rogerbiduk.ca
www.rogerbiduk.wordpress.com
www.rogerbiduk.blogspot.com
http://bestcatanddognutrition.wordpress.com
Stock markets ended in positive territory Tuesday despite weak U.S. corporate earnings reports and a warning by the Bank of Canada that the recession will be deeper than it previously predicted.
The S&P/TSX Capped Financial Index rose 2.80%.
GMP Capital Trust (GMP.UN) +8.61% to $8.96. Brookfield Properties Corporat (BPO) +8.52% to $9.17. Birchcliff Energy Ltd. (BIR) +8.24% to $6.44. IGM Financial Inc. (IGM) +7.37% to $35.99. Fairborne Energy Ltd. (FEL) +6.75% to $4.27.
Toronto's S&P/TSX composite index ended higher by 121.02 points at 9,247.17, reversing an early slide that followed the central bank's decision to cut its key policy rate by a quarter-point to 0.25 per cent in an effort to jolt the economy into life.
The TSX Venture Exchange lost 1.05 points to 974.38.
The Canadian dollar closed up 0.15 of a cent at 80.89 cents US, after briefly dipping below 80 cents in early action.
Roger Biduk
S&P/TSX Capped Diversified Metals & Mining Index soared 11.39% as aluminum rose 1.15%, copper was 1.19% lower at $2.08 and silver lost 0.37% to $12.06.
Gerdau AmeriSteel Corporation (GNA) +8.76% to $5.71. Forsys Metals Corp. (FSY) +6.25% to $4.59. Inmet Mining Corporation (IMN) +6.02% to $36.65.
On the TSX, Teck Cominco (TCK.B) surged 36.88% to $12.47 after it stabilized its debt situation while reporting a first-quarter profit of $241 million, off from $345 million a year ago although revenue was up 11 per cent to $1.71 billion.
The April crude contract on the New York Mercantile Exchange rose 1.37% to $46.51 and natural gas was down 0.87% to $3.64 as the S&P/TSX Energy Index rose 1.86%.
Eveready Inc. (EIS) +20.07% to $3.35. OPTI Canada Inc. (OPC) +13.74% to $2.07. Cathedral Energy Services Inco (CET.UN) +12.79% to $4.41. Pason Systems Inc. (PSI) +8.77% to $10.91. Trican Well Service Ltd. (TCW) +7.03% to $9.140.
Heritage Oil Corporation (HOC) -8.65% to $6.76.
Timminco Ltd. (TSX:TIM) continued its fall from grace, losing 23% to $1.82 following Monday's 38 per cent drop on news that customers for its solar-panel-grade silicon are claiming their contracts have been terminated due to non-compliance. Timminco shares were worth over $35 last June after a dramatic run-up.
Roger Biduk
The S&P/TSX Capped Telecom Services Index was 1.37% higher and the S&P/TSX Capped Information Technology Index rose 2.81%.
DragonWave Inc. (DWI) +17.03% to $2.13. Celestica Inc. (CLS) +7.79% to $5.950. Aastra Technologies Limited (AAH) +7.36% to $22.75.
Canadian National Railway Co. (TSX:CNR) moved ahead $1.33 to $50.11 after announcing that retiring CEO Hunter Harrison will be succeeded at year-end by chief financial officer Claude Mongeau. That followed CN's report that quarterly earnings increased to $424 million from $311 million, thanks to a one-time gain.
The S&P/TSX Capped Health Care Index was higher by 1.71%.
Oncolytics Biotech Inc. (ONC) +15.51% to $2.16.
The S&P/TSX Capped Industrials Index was up 0.97%.
ADF Group Inc. (DRX) +5.91% to $2.15.
Ballard Power Systems Inc. (BLD) +5.11% to $2.47.
Canfor Corporation (CFP) -7.45% to $5.09.
Roger Biduk
The S&P/TSX Consumer Discretionary Index was 0.37% higher and the S&P/TSX Consumer Staples Index rose 0.56%.
Linamar Corporation (LNR) +10.39% to $4.25. Canfor Pulp Income Fund (CFX.UN) +6.88% to $2.02. Gildan Activewear Inc. (GIL) +5.40% to $15.41.
Arctic Glacier Income Fund (AG.UN) -20.00% to $2.00.
The S&P/TSX Capped Utilities Index fell 0.44%.
The S&P/TSX Global Gold Index fell 2.62% as the April bullion contract in New York fell $4.80 to US$882.70 an ounce.
Centerra Gold Inc. (CG) +7.84% to $5.78.
Kinross Gold Corporation (K.WT.C) -10.35% to $3.55. Aquiline Resources Inc. (AQI) -9.05% to $2.21.Alamos Gold Inc. (AGI) -5.15% to $7.37.
In the Service sector:
TransForce Inc. (TFI) +10.75% to $4.43. Coast Wholesale Appliances Inc (CWA.UN) +8.17% to $2.25. Intermap Technologies Corporat (IMP) +7.94% to $2.04. MacDonald, Dettwiler and Assoc (MDA) +7.08% to $26.92. Westshore Terminals Income Fun (WTE.UN) +6.12% to $10.75. Cargojet Income Fund (CJT.UN) to -5.10% to $2.79.
www.rogerbiduk.ca
www.rogerbiduk.wordpress.com
www.rogerbiduk.blogspot.com
http://bestcatanddognutrition.wordpress.com
Monday, April 20, 2009
Roger Biduk; Bay Street Lower on Oils & Financials
Roger Biduk
Stock markets dropped heavily on Monday as crude oil prices fell to the lowest level since mid-March and fears grew that big American banks are burdened by swelling bad debts.
The S&P/TSX Capped Financial Index sank 5.06%.
Franco-Nevada Corporation (FNV) +5.36% to $25.150.
Savanna Energy Services Corp. (SVY) -14.43% to $5.220. Canadian Life Companies Split (LFE) -11.96% to $4.27. Dundee Corporation (DC.A) -11.74% to $5.34. Birchcliff Energy Ltd. (BIR) -11.19% to $5.95. Brookfield Properties Corp. (BPO) -10.11% to $8.45.
Renewed worries about the U.S. banks came on word that their lending remains tight and anxiety that Washington may take big ownership stakes in banks as its $700-billion bailout fund runs down.
The S&P/TSX Capped Health Care Index was lower by 1.44%.
Theratechnologies Inc. (TH) -8.58% to $2.77.
Roger Biduk
Toronto's S&P/TSX composite index fell 311.50 points to 9,126.15, with the energy and base metals sectors contributing most to the drag.
The TSX Venture Exchange ended down 13.80 points to 975.43.
The Canadian dollar fell 1.56 cents to 80.74 cents US.
The April crude contract on the New York Mercantile Exchange tanked 8.84% to $45.88 and natural gas was down 5.05% to $3.67 as the S&P/TSX Energy Index sank 6.48%.
Eveready Inc. (EIS) +13.88% to $2.79. Heritage Oil Corporation (HOC) +8.82% to $7.40.
Ensign Energy Services Inc. (ESI) -13.23% to $12.00. Xtreme Coil Drilling Corp. (XDC)
-11.06% to $2.09. Trican Well Service Ltd. (TCW) -10.48% to $8.54. Galleon Energy Inc. (GO)
-10.40% to $4.48. Highpine Oil & Gas Limited (HPX) -10.37% to $5.53.
Precision Drilling Trust units (TSX:PD.UN) lost 8% to $4.52 on news that an Alberta government investment vehicle is taking a 15 per cent stake in the oilfield services trust. The $380 million financing is to enable Precision to restructure debt.
S&P/TSX Capped Diversified Metals & Mining Index tanked 10.13% as aluminum fell 2.96%, copper was 4.21% lower at $2.11 and silver gained 2.67% to $12.11.
Red Back Mining Inc. (RBI) +8.73% to $7.60.
Teck Cominco Limited (TCK.B) -14.78% to $9.11. First Quantum Minerals Ltd. (FM) -12.53% to $38.05. Gerdau AmeriSteel Corporation (GNA) -11.76% to $5.25. Quadra Mining Ltd. (QUA)
-9.95% to $5.52.
Timminco Ltd. (TSX:TIM) lost 38% to $2.36 after the company said some customers for its solar-panel-grade silicon are asserting that their contracts have been terminated and they want their deposits back. Timminco also is considering a $15-million equity private placement.
Roger Biduk
The S&P/TSX Capped Industrials Index was down 3.02%.
Bird Construction Income Fund (BDT.UN) -9.59% to $21.50. Ballard Power Systems Inc. (BLD)
-9.27% to $2.35. Churchill Corporation (The) (CUQ) -8.07% to $9.00. ADF Group Inc. (DRX)
-6.02% to $2.03. ATS Automation Tooling Systems (ATA) -5.02% to $3.97.
Martinrea International Inc. (TSX:MRE) is taking advantage of the insolvency of SKD Co. to pay $3 million for factory equipment and other assets which in better times produced $125 million in annualized revenue. The auto parts maker's stock gained a penny to $3.91.
The S&P/TSX Capped Telecom Services Index was 1.93% lower and the S&P/TSX Capped Information Technology Index fell 3.10%.
CryptoLogic Limited (CRY) +5.18% to $6.50.
5N Plus Inc. (VNP) -11.43% to $5.50. Celestica Inc. (CLS) -8.00% to $5.52. Gennum Corporation (GND) -6.46% to $4.49.
MI Developments Inc. (TSX:MIM.A) has exited its bid to buy insolvent racetrack operator Magna Entertainment Corp., and has reduced its debtor-in-possession financing for the subsidiary's restructuring. MID shares gained seven cents to $8.72.
Roger Biduk
The S&P/TSX Consumer Discretionary Index was 2.44% lower and the S&P/TSX Consumer Staples Index fell 0.66%.
Arctic Glacier Income Fund (AG.UN) +45.35% to $2.50.
Inscape Corporation (INQ) -8.70% to $2.10.
The S&P/TSX Capped Utilities Index fell 0.34%.
The S&P/TSX Global Gold Index soared 6.65% as the April bullion contract in New York rose $19.60 to US$887.50 an ounce.
Agnico-Eagle Mines Ltd. (AEM) +10.55% to $58.59. Kinross Gold Corporation (K) +8.97% to $18.23. Richmont Mines Inc. (RIC) +8.89% to $3.92. Barrick Gold Corporation (ABX) +8.39% to $36.16. Yamana Gold Inc. (YRI) +7.66% to $9.70.
First Quantum Minerals Ltd. (FM) -12.53% to $38.05. Imperial Metals Corporation (III)
-7.89% to $3.85.
In the Service sector: Forzani Group Ltd. (The) (FGL) -10.43% to $10.99. Wajax Income Fund (WJX.UN) -7.78% to $13.510. Garda World Security Corporati (GW) -6.55% to $2.71. MacDonald, Dettwiler and Assoc (MDA) -6.47% to $25.140. Great Canadian Gaming Corporat (GC) -6.36% to $3.24.
www.rogerbiduk.ca
www.rogerbiduk.wordpress.com
www.rogerbiduk.blogspot.com
http://bestcatanddognutrition.wordpress.com
Stock markets dropped heavily on Monday as crude oil prices fell to the lowest level since mid-March and fears grew that big American banks are burdened by swelling bad debts.
The S&P/TSX Capped Financial Index sank 5.06%.
Franco-Nevada Corporation (FNV) +5.36% to $25.150.
Savanna Energy Services Corp. (SVY) -14.43% to $5.220. Canadian Life Companies Split (LFE) -11.96% to $4.27. Dundee Corporation (DC.A) -11.74% to $5.34. Birchcliff Energy Ltd. (BIR) -11.19% to $5.95. Brookfield Properties Corp. (BPO) -10.11% to $8.45.
Renewed worries about the U.S. banks came on word that their lending remains tight and anxiety that Washington may take big ownership stakes in banks as its $700-billion bailout fund runs down.
The S&P/TSX Capped Health Care Index was lower by 1.44%.
Theratechnologies Inc. (TH) -8.58% to $2.77.
Roger Biduk
Toronto's S&P/TSX composite index fell 311.50 points to 9,126.15, with the energy and base metals sectors contributing most to the drag.
The TSX Venture Exchange ended down 13.80 points to 975.43.
The Canadian dollar fell 1.56 cents to 80.74 cents US.
The April crude contract on the New York Mercantile Exchange tanked 8.84% to $45.88 and natural gas was down 5.05% to $3.67 as the S&P/TSX Energy Index sank 6.48%.
Eveready Inc. (EIS) +13.88% to $2.79. Heritage Oil Corporation (HOC) +8.82% to $7.40.
Ensign Energy Services Inc. (ESI) -13.23% to $12.00. Xtreme Coil Drilling Corp. (XDC)
-11.06% to $2.09. Trican Well Service Ltd. (TCW) -10.48% to $8.54. Galleon Energy Inc. (GO)
-10.40% to $4.48. Highpine Oil & Gas Limited (HPX) -10.37% to $5.53.
Precision Drilling Trust units (TSX:PD.UN) lost 8% to $4.52 on news that an Alberta government investment vehicle is taking a 15 per cent stake in the oilfield services trust. The $380 million financing is to enable Precision to restructure debt.
S&P/TSX Capped Diversified Metals & Mining Index tanked 10.13% as aluminum fell 2.96%, copper was 4.21% lower at $2.11 and silver gained 2.67% to $12.11.
Red Back Mining Inc. (RBI) +8.73% to $7.60.
Teck Cominco Limited (TCK.B) -14.78% to $9.11. First Quantum Minerals Ltd. (FM) -12.53% to $38.05. Gerdau AmeriSteel Corporation (GNA) -11.76% to $5.25. Quadra Mining Ltd. (QUA)
-9.95% to $5.52.
Timminco Ltd. (TSX:TIM) lost 38% to $2.36 after the company said some customers for its solar-panel-grade silicon are asserting that their contracts have been terminated and they want their deposits back. Timminco also is considering a $15-million equity private placement.
Roger Biduk
The S&P/TSX Capped Industrials Index was down 3.02%.
Bird Construction Income Fund (BDT.UN) -9.59% to $21.50. Ballard Power Systems Inc. (BLD)
-9.27% to $2.35. Churchill Corporation (The) (CUQ) -8.07% to $9.00. ADF Group Inc. (DRX)
-6.02% to $2.03. ATS Automation Tooling Systems (ATA) -5.02% to $3.97.
Martinrea International Inc. (TSX:MRE) is taking advantage of the insolvency of SKD Co. to pay $3 million for factory equipment and other assets which in better times produced $125 million in annualized revenue. The auto parts maker's stock gained a penny to $3.91.
The S&P/TSX Capped Telecom Services Index was 1.93% lower and the S&P/TSX Capped Information Technology Index fell 3.10%.
CryptoLogic Limited (CRY) +5.18% to $6.50.
5N Plus Inc. (VNP) -11.43% to $5.50. Celestica Inc. (CLS) -8.00% to $5.52. Gennum Corporation (GND) -6.46% to $4.49.
MI Developments Inc. (TSX:MIM.A) has exited its bid to buy insolvent racetrack operator Magna Entertainment Corp., and has reduced its debtor-in-possession financing for the subsidiary's restructuring. MID shares gained seven cents to $8.72.
Roger Biduk
The S&P/TSX Consumer Discretionary Index was 2.44% lower and the S&P/TSX Consumer Staples Index fell 0.66%.
Arctic Glacier Income Fund (AG.UN) +45.35% to $2.50.
Inscape Corporation (INQ) -8.70% to $2.10.
The S&P/TSX Capped Utilities Index fell 0.34%.
The S&P/TSX Global Gold Index soared 6.65% as the April bullion contract in New York rose $19.60 to US$887.50 an ounce.
Agnico-Eagle Mines Ltd. (AEM) +10.55% to $58.59. Kinross Gold Corporation (K) +8.97% to $18.23. Richmont Mines Inc. (RIC) +8.89% to $3.92. Barrick Gold Corporation (ABX) +8.39% to $36.16. Yamana Gold Inc. (YRI) +7.66% to $9.70.
First Quantum Minerals Ltd. (FM) -12.53% to $38.05. Imperial Metals Corporation (III)
-7.89% to $3.85.
In the Service sector: Forzani Group Ltd. (The) (FGL) -10.43% to $10.99. Wajax Income Fund (WJX.UN) -7.78% to $13.510. Garda World Security Corporati (GW) -6.55% to $2.71. MacDonald, Dettwiler and Assoc (MDA) -6.47% to $25.140. Great Canadian Gaming Corporat (GC) -6.36% to $3.24.
www.rogerbiduk.ca
www.rogerbiduk.wordpress.com
www.rogerbiduk.blogspot.com
http://bestcatanddognutrition.wordpress.com
Saturday, April 18, 2009
Roger Biduk; Bay Street Higher for Sixth Week
Roger Biduk
Toronto's S&P/TSX composite index moved up 94.28 points to 9,437.65.
The TSX Venture Exchange edged up 7.1 points to 989.23.
The S&P/TSX Capped Financial Index, was higher today by 2.14%.
BNS Split Corp. II (BSC) +8.46% to $7.05. Brookfield Properties Corporat (BPO) +6.70% to $9.40. Coventree Inc. (COF) +6.67% to $4.00. Financial 15 Split Corp. (FTN.PR.A) +6.26% to $8.49. Franco-Nevada Corporation (FNV.WT) +5.95% to $4.45.
Canexus Income Fund (CUS.UN) -5.78% to $3.10. AGF Management Limited (AGF.B) -5.68% to $10.63. Dynasty Metals & Mining Inc. (DMM) -5.36% to $4.59.
The Canadian dollar was down 0.37 of a cent to 82.3 cents U.S. amid signs of lower inflation. Statistics Canada reported that the headline inflation rate dipped to 1.2 per cent in March.
The S&P/TSX Consumer Discretionary Index was 0.89% higher and the S&P/TSX Consumer Staples Index rose 0.09%.
Linamar Corporation (LNR) +5.38% to $3.92. Gildan Activewear Inc. (GIL) +5.63% to $15.38.
Roger Biduk
The TSX was up 251 points or 2.7 per cent for this week.
The rally which started March 10 has sent the TSX and the Dow industrials up by about 24%.
The April crude contract on the New York Mercantile Exchange gained 0.70% to $50.35 and natural gas was up 3.61% to $3.73 as the S&P/TSX Energy Index rose 1.60%.
Stoneham Drilling Trust (SDG.UN) +59.35% to $2.47. Cathedral Energy Services Inco (CET.UN) +14.61% to $4.00. Corridor Resources Inc. (CDH) +14.29% to $2.40. Trinidad Drilling Ltd. (TDG) +10.19% to $4.54. Paramount Energy Trust (PMT.UN) +9.89% to $3.89.
OPTI Canada Inc. (OPC) -5.83% to $2.10.
The board of UTS Energy Corp. (TSX:UTS) formally recommended that shareholders reject an improved hostile takeover bid from French oil giant Total SA. Total raised its offer earlier in the week from $1.30 per share to $1.75 per share. UTS stock was unchanged at $1.83.
The S&P/TSX Capped Industrials Index was up 2.03%.
JDS Uniphase Canada Ltd. (JDU) +12.12% to $5.83. Newalta Inc. (NAL) +10.17% to $3.90. Canfor Corporation (CFP) +9.98% to $5.62. Churchill Corporation (The) (CUQ) +5.38% to $9.79.
Ballard Power Systems Inc. (BLD) -11.72% to $2.56.
Roger Biduk
The retail cost of food was up 7.9 per cent from a year ago, the biggest rise since 1986, but this was offset by lower gasoline prices. Core inflation was exactly on the Bank of Canada's target of two per cent.
The S&P/TSX Capped Telecom Services Index was 0.33% higher and the S&P/TSX Capped Information Technology Index rose 0.50%.
CryptoLogic Limited (CRY) -5.94% to $6.18. Gennum Corporation (GND) -9.43% to $4.80.
Tundra Semiconductor Corporati (TUN) +13.94% to $5.64. Torstar Corporation (TS.B) +7.27% to $5.90.
S&P/TSX Capped Diversified Metals & Mining Index declined 0.04% as aluminum was flat, copper was 0.85% higher at $2.20 and silver lost 3.79% at $11.79.
The S&P/TSX Capped Utilities Index gained 0.84%.
Gerdau AmeriSteel Corporation (GNA) +6.44% to $5.95. Timminco Limited (TIM) +5.56% to $3.80. Athabasca Potash Inc. (API) +5.00% to $3.36.
Silver Wheaton Corp. (SLW) -5.26% to $9.01. Equinox Minerals Limited (EQN) -5.12% to $2.04.
Roger Biduk
The S&P/TSX Global Gold Index fell 2.98% as the April bullion contract in New York fell $11.90 to US$867.90 an ounce.
Aquiline Resources Inc. (AQI) -10.00% to $2.43. Jaguar Mining Inc. (JAG) -6.79% to $6.04. Kinross Gold Corporation (K.WT.C) -5.63% to $3.35.
The S&P/TSX Capped Health Care Index was lower by 1.38%.
In the service sector:
World Energy Solutions Inc. (XWE) +14.75% to $7.00. Forzani Group Ltd. (The) (FGL) +10.24% to $12.27. Jazz Air Income Fund (JAZ.UN) +9.01% to $2.54.Canadian Pacific Railway Limit (CP) +6.88% to $42.10. TransForce Inc. (TFI) +6.40% to $3.99. Garda World Security Corporati (GW) -7.94% to $2.90.
www.rogerbiduk.ca
www.rogerbiduk.wordpress.com
www.rogerbiduk.blogspot.com
http://bestcatanddognutrition.wordpress.com
Toronto's S&P/TSX composite index moved up 94.28 points to 9,437.65.
The TSX Venture Exchange edged up 7.1 points to 989.23.
The S&P/TSX Capped Financial Index, was higher today by 2.14%.
BNS Split Corp. II (BSC) +8.46% to $7.05. Brookfield Properties Corporat (BPO) +6.70% to $9.40. Coventree Inc. (COF) +6.67% to $4.00. Financial 15 Split Corp. (FTN.PR.A) +6.26% to $8.49. Franco-Nevada Corporation (FNV.WT) +5.95% to $4.45.
Canexus Income Fund (CUS.UN) -5.78% to $3.10. AGF Management Limited (AGF.B) -5.68% to $10.63. Dynasty Metals & Mining Inc. (DMM) -5.36% to $4.59.
The Canadian dollar was down 0.37 of a cent to 82.3 cents U.S. amid signs of lower inflation. Statistics Canada reported that the headline inflation rate dipped to 1.2 per cent in March.
The S&P/TSX Consumer Discretionary Index was 0.89% higher and the S&P/TSX Consumer Staples Index rose 0.09%.
Linamar Corporation (LNR) +5.38% to $3.92. Gildan Activewear Inc. (GIL) +5.63% to $15.38.
Roger Biduk
The TSX was up 251 points or 2.7 per cent for this week.
The rally which started March 10 has sent the TSX and the Dow industrials up by about 24%.
The April crude contract on the New York Mercantile Exchange gained 0.70% to $50.35 and natural gas was up 3.61% to $3.73 as the S&P/TSX Energy Index rose 1.60%.
Stoneham Drilling Trust (SDG.UN) +59.35% to $2.47. Cathedral Energy Services Inco (CET.UN) +14.61% to $4.00. Corridor Resources Inc. (CDH) +14.29% to $2.40. Trinidad Drilling Ltd. (TDG) +10.19% to $4.54. Paramount Energy Trust (PMT.UN) +9.89% to $3.89.
OPTI Canada Inc. (OPC) -5.83% to $2.10.
The board of UTS Energy Corp. (TSX:UTS) formally recommended that shareholders reject an improved hostile takeover bid from French oil giant Total SA. Total raised its offer earlier in the week from $1.30 per share to $1.75 per share. UTS stock was unchanged at $1.83.
The S&P/TSX Capped Industrials Index was up 2.03%.
JDS Uniphase Canada Ltd. (JDU) +12.12% to $5.83. Newalta Inc. (NAL) +10.17% to $3.90. Canfor Corporation (CFP) +9.98% to $5.62. Churchill Corporation (The) (CUQ) +5.38% to $9.79.
Ballard Power Systems Inc. (BLD) -11.72% to $2.56.
Roger Biduk
The retail cost of food was up 7.9 per cent from a year ago, the biggest rise since 1986, but this was offset by lower gasoline prices. Core inflation was exactly on the Bank of Canada's target of two per cent.
The S&P/TSX Capped Telecom Services Index was 0.33% higher and the S&P/TSX Capped Information Technology Index rose 0.50%.
CryptoLogic Limited (CRY) -5.94% to $6.18. Gennum Corporation (GND) -9.43% to $4.80.
Tundra Semiconductor Corporati (TUN) +13.94% to $5.64. Torstar Corporation (TS.B) +7.27% to $5.90.
S&P/TSX Capped Diversified Metals & Mining Index declined 0.04% as aluminum was flat, copper was 0.85% higher at $2.20 and silver lost 3.79% at $11.79.
The S&P/TSX Capped Utilities Index gained 0.84%.
Gerdau AmeriSteel Corporation (GNA) +6.44% to $5.95. Timminco Limited (TIM) +5.56% to $3.80. Athabasca Potash Inc. (API) +5.00% to $3.36.
Silver Wheaton Corp. (SLW) -5.26% to $9.01. Equinox Minerals Limited (EQN) -5.12% to $2.04.
Roger Biduk
The S&P/TSX Global Gold Index fell 2.98% as the April bullion contract in New York fell $11.90 to US$867.90 an ounce.
Aquiline Resources Inc. (AQI) -10.00% to $2.43. Jaguar Mining Inc. (JAG) -6.79% to $6.04. Kinross Gold Corporation (K.WT.C) -5.63% to $3.35.
The S&P/TSX Capped Health Care Index was lower by 1.38%.
In the service sector:
World Energy Solutions Inc. (XWE) +14.75% to $7.00. Forzani Group Ltd. (The) (FGL) +10.24% to $12.27. Jazz Air Income Fund (JAZ.UN) +9.01% to $2.54.Canadian Pacific Railway Limit (CP) +6.88% to $42.10. TransForce Inc. (TFI) +6.40% to $3.99. Garda World Security Corporati (GW) -7.94% to $2.90.
www.rogerbiduk.ca
www.rogerbiduk.wordpress.com
www.rogerbiduk.blogspot.com
http://bestcatanddognutrition.wordpress.com
Wednesday, April 15, 2009
Roger Biduk; Financials Lift Bay Street
Roger Biduk.
A late day burst of strength from the financial sector sent the Toronto stock market slightly higher Wednesday.
The S&P/TSX Capped Financial Index, was higher today by 1.06%.
AGF Management Limited (AGF.B) +15.03% to $9.95. Sun Gro Horticulture Income Fu (GRO.UN) +13.64% to $2.50. STRATA Income Fund (STW.UN) +7.83% to $2.34. Fairfax Financial Holdings Lim (FFH) +5.80% to $327.99. Uranium Participation Corporat (U) +5.03% to $7.10.
Toronto's S&P/TSX composite index closed 14.49 points higher at 9,246.11.
The TSX Venture Exchange gained 11.02 points to 987.94 while the CDN$ was up 0.74 of a cent to 83.11 cents US.
The showing still leaves the TSX up about 20 per cent from a spring rally that got under way March 10, after indexes reached multi-year lows.
Roger Biduk
The S&P/TSX Consumer Discretionary Index was 0.18% lower and the S&P/TSX Consumer Staples Index rose 0.42%.
The U.S. Energy Department said that crude inventories grew by 5.6 million barrels, or 1.6 per cent, to 366.7 million barrels, which is 16.5 per cent above year-ago levels. That's the highest level since 1990 and more than twice the increase that had been expected.
The April crude contract on the New York Mercantile Exchange lost 0.32% to $49.25 and natural gas was up 0.11% to $3.69 as the S&P/TSX Energy Index fell 0.59%. There’s indications that falling demand is lifting U.S. crude stocks far more than expected.
OPTI Canada Inc. (OPC) +7.04% to $2.28. Vero Energy Inc. (VRO) +6.93% to 4.01. Phoenix Technology Income Fund (PHX.UN) +5.44% to $8.14.
Addax Petroleum Corporation (AXC) -5.21% to $31.27. Petrominerales Ltd. (PMG) -6.85% to $10.20.
The S&P/TSX Capped Industrials Index was up 0.01%.
Ballard Power Systems Inc. (BLD) +8.15% to $2.92. TimberWest Forest Corp. (TWF.UN) +5.02% to $3.35.
Roger Biduk
The S&P/TSX Capped Telecom Services Index was 1.36% higher.
Canwest Global Communications Corp. (TSX:CGS) said Tuesday that its Canwest Media Inc. subsidiary has been given another extension on a US$30.4-million interest payment that was due on its debt. The deal gives the company until April 21, the same deadline set by the company's senior lenders, to come up with a solution. Its shares rose two cents to 25 cents Cdn.
The S&P/TSX Capped Information Technology Index fell 1.01%.
Gennum Corporation (GND) +11.41% to $5.37.
S&P/TSX Capped Diversified Metals & Mining Index gained 0.86% as aluminum fell 1.79%, copper was 3.78% higher at $2.21 and silver gained 0.27% at $12.80.
Athabasca Potash Inc. (API) +9.86% to $3.23. Uranium One Inc. (UUU) +5.40% to $2.93.
Roger Biduk
The S&P/TSX Capped Utilities Index gained 0.01%.
Canadian Hydro Developers Inc (KHD) -7.86% to $2.58.
The S&P/TSX Global Gold Index rose 0.14% as the April bullion contract in New York fell $1.50 to US$893.50 an ounce.
Centerra Gold Inc. (CG) +7.68% $5.19. Jaguar Mining Inc. (JAG) +7.35% to $6.57.
NovaGold Resources Inc (NG) -5.76% to $3.11. Banro Corporation (BAA) -7.34% to $2.40.
Shares in developing gold miner NovaGold Resources Inc. (TSX:NG) declined 19 cents to C$3.11 after the company posted a first-quarter loss of $28.5 million versus year-ago profit of $24.2 million.
The S&P/TSX Capped Health Care Index was lower by 1.32%.
www.rogerbiduk.ca
www.rogerbiduk.wordpress.com
www.rogerbiduk.blogspot.com
http://bestcatanddognutrition.wordpress.com
A late day burst of strength from the financial sector sent the Toronto stock market slightly higher Wednesday.
The S&P/TSX Capped Financial Index, was higher today by 1.06%.
AGF Management Limited (AGF.B) +15.03% to $9.95. Sun Gro Horticulture Income Fu (GRO.UN) +13.64% to $2.50. STRATA Income Fund (STW.UN) +7.83% to $2.34. Fairfax Financial Holdings Lim (FFH) +5.80% to $327.99. Uranium Participation Corporat (U) +5.03% to $7.10.
Toronto's S&P/TSX composite index closed 14.49 points higher at 9,246.11.
The TSX Venture Exchange gained 11.02 points to 987.94 while the CDN$ was up 0.74 of a cent to 83.11 cents US.
The showing still leaves the TSX up about 20 per cent from a spring rally that got under way March 10, after indexes reached multi-year lows.
Roger Biduk
The S&P/TSX Consumer Discretionary Index was 0.18% lower and the S&P/TSX Consumer Staples Index rose 0.42%.
The U.S. Energy Department said that crude inventories grew by 5.6 million barrels, or 1.6 per cent, to 366.7 million barrels, which is 16.5 per cent above year-ago levels. That's the highest level since 1990 and more than twice the increase that had been expected.
The April crude contract on the New York Mercantile Exchange lost 0.32% to $49.25 and natural gas was up 0.11% to $3.69 as the S&P/TSX Energy Index fell 0.59%. There’s indications that falling demand is lifting U.S. crude stocks far more than expected.
OPTI Canada Inc. (OPC) +7.04% to $2.28. Vero Energy Inc. (VRO) +6.93% to 4.01. Phoenix Technology Income Fund (PHX.UN) +5.44% to $8.14.
Addax Petroleum Corporation (AXC) -5.21% to $31.27. Petrominerales Ltd. (PMG) -6.85% to $10.20.
The S&P/TSX Capped Industrials Index was up 0.01%.
Ballard Power Systems Inc. (BLD) +8.15% to $2.92. TimberWest Forest Corp. (TWF.UN) +5.02% to $3.35.
Roger Biduk
The S&P/TSX Capped Telecom Services Index was 1.36% higher.
Canwest Global Communications Corp. (TSX:CGS) said Tuesday that its Canwest Media Inc. subsidiary has been given another extension on a US$30.4-million interest payment that was due on its debt. The deal gives the company until April 21, the same deadline set by the company's senior lenders, to come up with a solution. Its shares rose two cents to 25 cents Cdn.
The S&P/TSX Capped Information Technology Index fell 1.01%.
Gennum Corporation (GND) +11.41% to $5.37.
S&P/TSX Capped Diversified Metals & Mining Index gained 0.86% as aluminum fell 1.79%, copper was 3.78% higher at $2.21 and silver gained 0.27% at $12.80.
Athabasca Potash Inc. (API) +9.86% to $3.23. Uranium One Inc. (UUU) +5.40% to $2.93.
Roger Biduk
The S&P/TSX Capped Utilities Index gained 0.01%.
Canadian Hydro Developers Inc (KHD) -7.86% to $2.58.
The S&P/TSX Global Gold Index rose 0.14% as the April bullion contract in New York fell $1.50 to US$893.50 an ounce.
Centerra Gold Inc. (CG) +7.68% $5.19. Jaguar Mining Inc. (JAG) +7.35% to $6.57.
NovaGold Resources Inc (NG) -5.76% to $3.11. Banro Corporation (BAA) -7.34% to $2.40.
Shares in developing gold miner NovaGold Resources Inc. (TSX:NG) declined 19 cents to C$3.11 after the company posted a first-quarter loss of $28.5 million versus year-ago profit of $24.2 million.
The S&P/TSX Capped Health Care Index was lower by 1.32%.
www.rogerbiduk.ca
www.rogerbiduk.wordpress.com
www.rogerbiduk.blogspot.com
http://bestcatanddognutrition.wordpress.com
Tuesday, April 14, 2009
Roger Biduk; Commodities Lower as Bay Street Drops
Roger Biduk;
Stock markets closed lower Tuesday after a surprisingly weak U.S. retail sales report helped persuade investors to take some profits from the spring rally.
The S&P/TSX Consumer Discretionary Index was 0.14% lower and the S&P/TSX Consumer Staples Index rose 0.64%.
Cascades Inc. (CAS) +5.93% to $2.86. Linamar Corporation (LNR) +5.07% to $3.73.
Toronto's S&P/TSX composite index closed 54 points lower at 9,231.62 led by declines in commodity stocks.
Still, the main TSX index is up more than 20 per cent since the start of the current rally March 10.
The TSX Venture Exchange was down 3.94 points to 976.92 while the Canadian dollar was up 0.36 of a cent to 82.37 U.S.
Roger Biduk;
The energy sector was the biggest TSX drag The April crude contract on the New York Mercantile Exchange lost 1.28% to $49.41 and natural gas was up 1.67% to $3.71 as the S&P/TSX Energy Index fell 2.09%.
Bankers Petroleum Ltd. (BNK) +15.64% to $2.07. OPTI Canada Inc. (OPC) +15.14% to $2.13. Crew Energy Inc. (CR) +9.98% to $5.18. Trinidad Drilling Ltd. (TDG) +9.86% to $3.90. NuVista Energy Ltd. (NVA) +7.65% to $7.18.
The industrials sector was also weak, The S&P/TSX Capped Industrials Index was down 1.71%.
Ballard Power Systems Inc. (BLD) -8.11% to $2.72.
International Forest Products (IFP.A) +8.70% to $2.50. Sino-Forest Corporation (TRE) +6.81% to $10.20. Canfor Corporation (CFP) +6.08% to $5.06. Newalta Inc. (NAL) +5.14% to $3.48. West Fraser Timber Co Ltd. (WFT) +5.04% to $24.99.
The telecom sector was weak as the S&P/TSX Capped Telecom Services Index was 1.14% lower.
Shares in Telus Corp. (TSX:T) fell back $1 to $30 after it said Tuesday its capital spending this year includes $700 million focused on wireless and wireline broadband infrastructure in Alberta. Overall capital investment planned by Canada's second-largest telecommunications operator remains at the $2.05-billion figure confirmed in February.
Shares in Canwest Global Communications Corp. (TSX:CGS) were down two cents to 23 cents and earlier hit an all time low of 20 cents. The slide came after Moody's Investors Service downgraded Canwest Media Inc., a key part of the company, and said it's unlikely it will repay $30.4 million of interest due on Tuesday.
Roger Biduk;
The tech sector was the biggest gainer as the S&P/TSX Capped Information Technology Index rose 1.72%.
Torstar Corporation (TS.B) +7.29% to $5.59. Absolute Software Corporation (ABT) +6.67% to $5.12.
The S&P/TSX Capped Financial Index, was higher today by 0.15%.
Financial 15 Split Corp. II (FFN) +10.27% to $4.08. R Split III Corp. (RBS) +6.97% to $6.75. Global Uranium Fund Inc. (GUR) +6.80% to $2.20. Primaris Retail Real Estate In (PMZ.UN) +5.92% to $10.20. Dividend 15 Split Corp. (DFN) +5.50% to $7.86.
Energy Plus Income Trust (EPF.UN) -5.68% to $4.65.
S&P/TSX Capped Diversified Metals & Mining Index dropped 2.40% as aluminum fell 1.79%, copper was 0.51% lower at $2.13 and silver was unchanged at $12.77.
Athabasca Potash Inc. (API) +6.91% to $2.94.
Quadra Mining Ltd. (QUA) -5.09% to $6.15. New Gold Inc. (NGD) -5.88% to $2.08. Inmet Mining Corporation (IMN) -6.76% to $36.00.
Denison Mines Corp. (TSX:DML) shares were up 21 cents to $1.51 after it said it has struck a deal for Korea Electric Power Corp. to take a 19.9 per cent stake in the mid-tier uranium producer. The company is mired in debt and waiting desperately for an upturn in uranium prices.
The S&P/TSX Capped Utilities Index lost 0.29%.
The S&P/TSX Global Gold Index fell 1.12% as the April bullion contract in New York fell $3.80 to US$892.00 an ounce.
Imperial Metals Corporation (III) +5.43% to $4.08.
The S&P/TSX Capped Health Care Index was higher by 0.32%.
www.rogerbiduk.ca
www.rogerbiduk.wordpress.com
www.rogerbiduk.blogspot.com
http://bestcatanddognutrition.wordpress.com
Stock markets closed lower Tuesday after a surprisingly weak U.S. retail sales report helped persuade investors to take some profits from the spring rally.
The S&P/TSX Consumer Discretionary Index was 0.14% lower and the S&P/TSX Consumer Staples Index rose 0.64%.
Cascades Inc. (CAS) +5.93% to $2.86. Linamar Corporation (LNR) +5.07% to $3.73.
Toronto's S&P/TSX composite index closed 54 points lower at 9,231.62 led by declines in commodity stocks.
Still, the main TSX index is up more than 20 per cent since the start of the current rally March 10.
The TSX Venture Exchange was down 3.94 points to 976.92 while the Canadian dollar was up 0.36 of a cent to 82.37 U.S.
Roger Biduk;
The energy sector was the biggest TSX drag The April crude contract on the New York Mercantile Exchange lost 1.28% to $49.41 and natural gas was up 1.67% to $3.71 as the S&P/TSX Energy Index fell 2.09%.
Bankers Petroleum Ltd. (BNK) +15.64% to $2.07. OPTI Canada Inc. (OPC) +15.14% to $2.13. Crew Energy Inc. (CR) +9.98% to $5.18. Trinidad Drilling Ltd. (TDG) +9.86% to $3.90. NuVista Energy Ltd. (NVA) +7.65% to $7.18.
The industrials sector was also weak, The S&P/TSX Capped Industrials Index was down 1.71%.
Ballard Power Systems Inc. (BLD) -8.11% to $2.72.
International Forest Products (IFP.A) +8.70% to $2.50. Sino-Forest Corporation (TRE) +6.81% to $10.20. Canfor Corporation (CFP) +6.08% to $5.06. Newalta Inc. (NAL) +5.14% to $3.48. West Fraser Timber Co Ltd. (WFT) +5.04% to $24.99.
The telecom sector was weak as the S&P/TSX Capped Telecom Services Index was 1.14% lower.
Shares in Telus Corp. (TSX:T) fell back $1 to $30 after it said Tuesday its capital spending this year includes $700 million focused on wireless and wireline broadband infrastructure in Alberta. Overall capital investment planned by Canada's second-largest telecommunications operator remains at the $2.05-billion figure confirmed in February.
Shares in Canwest Global Communications Corp. (TSX:CGS) were down two cents to 23 cents and earlier hit an all time low of 20 cents. The slide came after Moody's Investors Service downgraded Canwest Media Inc., a key part of the company, and said it's unlikely it will repay $30.4 million of interest due on Tuesday.
Roger Biduk;
The tech sector was the biggest gainer as the S&P/TSX Capped Information Technology Index rose 1.72%.
Torstar Corporation (TS.B) +7.29% to $5.59. Absolute Software Corporation (ABT) +6.67% to $5.12.
The S&P/TSX Capped Financial Index, was higher today by 0.15%.
Financial 15 Split Corp. II (FFN) +10.27% to $4.08. R Split III Corp. (RBS) +6.97% to $6.75. Global Uranium Fund Inc. (GUR) +6.80% to $2.20. Primaris Retail Real Estate In (PMZ.UN) +5.92% to $10.20. Dividend 15 Split Corp. (DFN) +5.50% to $7.86.
Energy Plus Income Trust (EPF.UN) -5.68% to $4.65.
S&P/TSX Capped Diversified Metals & Mining Index dropped 2.40% as aluminum fell 1.79%, copper was 0.51% lower at $2.13 and silver was unchanged at $12.77.
Athabasca Potash Inc. (API) +6.91% to $2.94.
Quadra Mining Ltd. (QUA) -5.09% to $6.15. New Gold Inc. (NGD) -5.88% to $2.08. Inmet Mining Corporation (IMN) -6.76% to $36.00.
Denison Mines Corp. (TSX:DML) shares were up 21 cents to $1.51 after it said it has struck a deal for Korea Electric Power Corp. to take a 19.9 per cent stake in the mid-tier uranium producer. The company is mired in debt and waiting desperately for an upturn in uranium prices.
The S&P/TSX Capped Utilities Index lost 0.29%.
The S&P/TSX Global Gold Index fell 1.12% as the April bullion contract in New York fell $3.80 to US$892.00 an ounce.
Imperial Metals Corporation (III) +5.43% to $4.08.
The S&P/TSX Capped Health Care Index was higher by 0.32%.
www.rogerbiduk.ca
www.rogerbiduk.wordpress.com
www.rogerbiduk.blogspot.com
http://bestcatanddognutrition.wordpress.com
Thursday, April 9, 2009
Roger Biduk; Bay Street Higher on Financials and Energy
Roger Biduk;
The Toronto stock market closed sharply higher Wednesday on rising energy and financial stocks after three down days on the markets.
The S&P/TSX Capped Financial Index, was higher today by 1.30%.
Sun Gro Horticulture Income Fu (GRO.UN) +11.38% to $2.74. Freehold Royalty Trust (FRU.UN) +5.93% to $10.72. Horizons BetaPro S&P/TSX Cap E (HEU) +5.29% to $4.98. Sun Life Financial Inc.(SLF) +5.26% to $25.00.
Plutonic Power Corporation (PCC) -5.56% to $2.21.
Toronto's S&P/TSX composite index surged 144.53 points to 8,969.28.
The TSX Venture Exchange was off 1.78 points to 950.70.
The rally has so far boosted the TSX about 18 per cent and the Dow 20 per cent.
S&P/TSX Capped Diversified Metals & Mining Index rose 3.58% as aluminum rose 1.12%, copper was 0.43% higher at $2.00 and silver rose 1.06% to $12.34.
Timminco Limited (TIM) +14.23% to $3.05.
Teck Cominco Limited (TCK.B) +9.79% to $8.75 after it said it has sold about 5.6 million common shares of Kinross Gold Corp. (TSX:K), raising about US$101 million for the debt-plagued Vancouver mining giant.
Roger Biduk;
The CDN$ rose 0.03 of a cent to 80.82 cents U.S. as Canada Mortgage and Housing Corp. reported that the seasonally adjusted annual rate of housing starts increased to 154,700 units in March from 136,100 units in February.
The TSX energy sector shook off early losses after crude inventories rose less than analysts forecast last week, climbing by 1.7 million barrels, against an expected increase of 2.3 million barrels.
The April crude contract on the New York Mercantile Exchange gained 0.47% to $49.38 and natural gas was up 1.91% to $3.63 as the S&P/TSX Energy Index rose 2.94%.
Trinidad Drilling Ltd. (TDG) +11.72% to $3.05. Eveready Inc. (EIS) +8.57% to $2.28. Paramount Energy Trust (PMT.UN) +8.18% to $3.57. Avenir Diversified Income Trus (AVF.UN) +6.42% to $3.15. Nexen Inc. (NXY) +6.19% to $23.49.
Angle Energy Inc. (NGL) -6.43% to $3.64.
Canadian investors also took in earnings reports from the retail and media sectors.
The Forzani Group Ltd. (TSX:FGL), owner of chains such as Athletes World, reported profit of $24.2 million for the quarter ended Feb. 1, down from $28.7 million a year earlier amid slumping sales. But its shares advanced 16 cents to $9.45.
Roger Biduk;
The S&P/TSX Capped Information Technology Index rose 3.01% and the S&P/TSX Capped Telecom Services Index was 0.10% higher.
EXFO Electro-Optical Engineeri (EXF) +5.12% to $4.72. Absolute Software Corporation (ABT) +10.59% to $4.70.
Shares in clothing retailer Reitmans (Canada) Ltd. (TSX:RET.A) fell $1.51 or 13 per cent to $9.99 as fourth-quarter net earnings plummeted 75.8 per cent to $9 million on Quebec income tax reassessments. Sales slid 2.9 per cent to $261.8 million.
The S&P/TSX Capped Industrial Index rose 1.29%.
Ballard Power Systems Inc. (BLD) +13.33% to $2.38. International Forest Products (IFP.A) +6.33% to $2.35. Aecon Group Inc. (ARE) +5.19% to $11.15.
Cable provider Shaw Communications Inc. (TSX:SJR.B) says its second-quarter profit fell to $156 million from a year-earlier $113 million, but revenues improved 10 per cent. Shaw said the lower earnings were due to a variance in the amount of tax recovery it received in the comparable quarters and its shares climbed 14 cents to $19.45.
Roger Biduk;
In the service sector:
Garda World Security Corporati (GW) +29.02% to $2.49. Groupe Aeroplan Inc. (AER) +7.94% to $7.75. Great Canadian Gaming Corporat (GC) +6.52% to $2.94.
Reitmans (Canada) Limited (RET) -10.90% to $8.91. Softchoice Corporation (SO) -5.42% to $2.62.
Corus Entertainment Inc. (TSX:CJR.B) said Wednesday its quarterly net profit came in at $29 million, a drop from net income of $35.4 million during the same quarter the year before. Its shares were ahead 43 cents to $14.26.
The S&P/TSX Capped Utilities Index gained 0.14%.
Canadian Hydro Developers Inc (KHD) +7.20% to $2.53.
The S&P/TSX Global Gold Index gained 0.10% as the April bullion contract in New York rose $2.60 to US$885.90 an ounce.
Banro Corporation (BAA) +10.05% to $2.08. Richmont Mines Inc. (RIC) +5.62% to $4.32.
The S&P/TSX Consumer Discretionary Index was 0.32% higher and the S&P/TSX Consumer Staples Index lost 0.06%.
The S&P/TSX Capped Health Care Index was higher by 3.15%. Theratechnologies Inc. (TH) +5.50% to $2.30.
www.rogerbiduk.ca
www.rogerbiduk.wordpress.com
www.rogerbiduk.blogspot.com
http://bestcatanddognutrition.wordpress.com
The Toronto stock market closed sharply higher Wednesday on rising energy and financial stocks after three down days on the markets.
The S&P/TSX Capped Financial Index, was higher today by 1.30%.
Sun Gro Horticulture Income Fu (GRO.UN) +11.38% to $2.74. Freehold Royalty Trust (FRU.UN) +5.93% to $10.72. Horizons BetaPro S&P/TSX Cap E (HEU) +5.29% to $4.98. Sun Life Financial Inc.(SLF) +5.26% to $25.00.
Plutonic Power Corporation (PCC) -5.56% to $2.21.
Toronto's S&P/TSX composite index surged 144.53 points to 8,969.28.
The TSX Venture Exchange was off 1.78 points to 950.70.
The rally has so far boosted the TSX about 18 per cent and the Dow 20 per cent.
S&P/TSX Capped Diversified Metals & Mining Index rose 3.58% as aluminum rose 1.12%, copper was 0.43% higher at $2.00 and silver rose 1.06% to $12.34.
Timminco Limited (TIM) +14.23% to $3.05.
Teck Cominco Limited (TCK.B) +9.79% to $8.75 after it said it has sold about 5.6 million common shares of Kinross Gold Corp. (TSX:K), raising about US$101 million for the debt-plagued Vancouver mining giant.
Roger Biduk;
The CDN$ rose 0.03 of a cent to 80.82 cents U.S. as Canada Mortgage and Housing Corp. reported that the seasonally adjusted annual rate of housing starts increased to 154,700 units in March from 136,100 units in February.
The TSX energy sector shook off early losses after crude inventories rose less than analysts forecast last week, climbing by 1.7 million barrels, against an expected increase of 2.3 million barrels.
The April crude contract on the New York Mercantile Exchange gained 0.47% to $49.38 and natural gas was up 1.91% to $3.63 as the S&P/TSX Energy Index rose 2.94%.
Trinidad Drilling Ltd. (TDG) +11.72% to $3.05. Eveready Inc. (EIS) +8.57% to $2.28. Paramount Energy Trust (PMT.UN) +8.18% to $3.57. Avenir Diversified Income Trus (AVF.UN) +6.42% to $3.15. Nexen Inc. (NXY) +6.19% to $23.49.
Angle Energy Inc. (NGL) -6.43% to $3.64.
Canadian investors also took in earnings reports from the retail and media sectors.
The Forzani Group Ltd. (TSX:FGL), owner of chains such as Athletes World, reported profit of $24.2 million for the quarter ended Feb. 1, down from $28.7 million a year earlier amid slumping sales. But its shares advanced 16 cents to $9.45.
Roger Biduk;
The S&P/TSX Capped Information Technology Index rose 3.01% and the S&P/TSX Capped Telecom Services Index was 0.10% higher.
EXFO Electro-Optical Engineeri (EXF) +5.12% to $4.72. Absolute Software Corporation (ABT) +10.59% to $4.70.
Shares in clothing retailer Reitmans (Canada) Ltd. (TSX:RET.A) fell $1.51 or 13 per cent to $9.99 as fourth-quarter net earnings plummeted 75.8 per cent to $9 million on Quebec income tax reassessments. Sales slid 2.9 per cent to $261.8 million.
The S&P/TSX Capped Industrial Index rose 1.29%.
Ballard Power Systems Inc. (BLD) +13.33% to $2.38. International Forest Products (IFP.A) +6.33% to $2.35. Aecon Group Inc. (ARE) +5.19% to $11.15.
Cable provider Shaw Communications Inc. (TSX:SJR.B) says its second-quarter profit fell to $156 million from a year-earlier $113 million, but revenues improved 10 per cent. Shaw said the lower earnings were due to a variance in the amount of tax recovery it received in the comparable quarters and its shares climbed 14 cents to $19.45.
Roger Biduk;
In the service sector:
Garda World Security Corporati (GW) +29.02% to $2.49. Groupe Aeroplan Inc. (AER) +7.94% to $7.75. Great Canadian Gaming Corporat (GC) +6.52% to $2.94.
Reitmans (Canada) Limited (RET) -10.90% to $8.91. Softchoice Corporation (SO) -5.42% to $2.62.
Corus Entertainment Inc. (TSX:CJR.B) said Wednesday its quarterly net profit came in at $29 million, a drop from net income of $35.4 million during the same quarter the year before. Its shares were ahead 43 cents to $14.26.
The S&P/TSX Capped Utilities Index gained 0.14%.
Canadian Hydro Developers Inc (KHD) +7.20% to $2.53.
The S&P/TSX Global Gold Index gained 0.10% as the April bullion contract in New York rose $2.60 to US$885.90 an ounce.
Banro Corporation (BAA) +10.05% to $2.08. Richmont Mines Inc. (RIC) +5.62% to $4.32.
The S&P/TSX Consumer Discretionary Index was 0.32% higher and the S&P/TSX Consumer Staples Index lost 0.06%.
The S&P/TSX Capped Health Care Index was higher by 3.15%. Theratechnologies Inc. (TH) +5.50% to $2.30.
www.rogerbiduk.ca
www.rogerbiduk.wordpress.com
www.rogerbiduk.blogspot.com
http://bestcatanddognutrition.wordpress.com
Subscribe to:
Posts (Atom)
