Roger Biduk
Stock markets closed lower Monday amid worries that a swine flu outbreak might morph into a full blown pandemic that could derail the economic recovery.
The S&P/TSX Capped Financial Index fell 1.96%.
Brookfield Properties Corporat (BPO) -6.14% to $9.02. Birchcliff Energy Ltd. (BIR) -5.32% to $5.87. Industrial Alliance Insurance (IAG) -5.05% to $24.24.
Toronto's S&P/TSX snapped a four-session winning streak, closing 154.68 points lower at 9,394.8, under pressure from the energy sector and falling crude prices.
The TSX Venture Exchange moved 3.83 points lower to 1,002.98, while the Canadian dollar was down 0.67 of a cent to 82 cents US.
S&P/TSX Capped Diversified Metals & Mining Index fell 1.62% as aluminum was flat, copper was 3.15% lower at $1.99 and silver rose 0.27% to $12.99.
Thompson Creek Metals Company (TCM.WT) +16.18% to $2.010. Greystar Resources Ltd. (GSL) +11.11% to $3.90. Augusta Resource Corporation (AZC) +9.36% to $2.22.
Roger Biduk
General Motors Canada will slash its workforce by more than half to 4,400 by 2014 and close as many as 310 dealerships by the end of next year. GM shares ran ahead $.35 or 20.7% to US$2.04.
The April crude contract on the New York Mercantile Exchange fell 2.73% to $50.16 and natural gas was down 1.17% to $3.37 as the S&P/TSX Energy Index fell 2.40%.
Corridor Resources Inc. (CDH) -9.09% to $2.20. Flint Energy Services Ltd. (FES) -6.32% to $6.37. Calfrac Well Services Ltd. (CFW) -6.19% to $9.10. Canadian Energy Services L.P. (CEU.UN) -5.98% to $5.50. Highpine Oil & Gas Limited (HPX) -5.57% to $5.43.
Fears that a spread of the swine flu virus could affect travel sent airline stocks lower. WestJet (TSX:WJA) dropped $.64 to $12.12, but Air Canada (TSX:AC.B) edged up $.01 to 81 cents.
The S&P/TSX Capped Telecom Services Index was 1.25% lower and the S&P/TSX Capped Information Technology Index fell 0.08%.
Tundra Semiconductor Corporati (TUN) +14.91% to $6.32. Gennum Corporation (GND) +14.06% to $5.11. CryptoLogic Limited (CRY) +7.85% to $7.01. Miranda Technologies Inc. (MT) +5.71% to $5.55.
Roger Biduk
In other corporate news, Tundra Semiconductor Corp. (TSX:TUN) says it has received a rival bid from Integrated Device Technology Inc. (Nasdaq:IDTI) that values the Ottawa company at C$6.25 per share or about $120.8 million.
The company says the offer is superior to a cash and share bid from Gennum Corp., a Burlington, Ont.-based microelectronics company (TSX:GND). Tundra shares moved up $.82 or 14.9% to $6.32 while Gennum shares surged $.63 or 14% to $5.11.
In the Service sector:
Transat A.T. Inc (TRZ.B) -10.04% to $10.75. Jazz Air Income Fund (JAZ.UN) -8.07% to $2.62. Mullen Group Income Fund (MTL.UN) -6.38% to $11.00. Reitmans (Canada) Limited (RET.A)
-5.06% to $11.45. WestJet Airlines Ltd. (WJA) -5.02% to $12.12.
Canadian pharmacy company Jean Coutu Group Inc. (TSX:PJC.A) said quarterly and full-year losses more than doubled versus year-earlier results, due to a weak financial performance by U.S. based Rite Aid Corp. (NYSE:RAD). Its shares added $.23 to $8.60.
The S&P/TSX Consumer Discretionary Index was 0.67% lower and the S&P/TSX Consumer Staples Index rose 0.99%.
Canfor Pulp Income Fund (CFX.UN) +9.66% to $2.61.
Roger Biduk
The S&P/TSX Global Gold Index fell 1.47% as the April bullion contract in New York sank $5.90 to US$908.20 an ounce.
Laramide Resources Ltd. (LAM) +32.77% to $2.350. Greystar Resources Ltd. (GSL) +11.11% to $3.90.
First Quantum Minerals Ltd. (FM) -5.36% to $41.14.
The S&P/TSX Capped Health Care Index was lower by 0.85%.
Noveko International Inc. (EKO) +47.37% to $2.80. Amica Mature Lifestyles Inc. (ACC) +10.61% to $3.65. Cangene Corporation (CNJ) +5.38% to $5.29.
The S&P/TSX Capped Industrials Index was down 2.13%.
Martinrea International Inc. (MRE) +6.78% to $4.25.
The S&P/TSX Capped Utilities Index fell 0.43%. Maxim Power Corp. (MXG) -8.03% to $2.75.
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Monday, April 27, 2009
Thursday, April 23, 2009
Roger Biduk; Bay Street Higher on Lousy News
Roger Biduk
How does this work? The news gets worse and worse but the markets go up. I’m expecting a nice downturn coming up very soon.
North American markets all finished near their highs of the day on Thursday as investors fended off another wave of bleak economic data on U.S. home sales and employment.
The S&P/TSX Capped Financial Index rose 1.63%.
Canexus Income Fund (CUS.UN) +21.21% to $4.00. Algonquin Power Income Fund (APF.UN) +13.60% to $2.84. Crown Hill Fund (MYT.UN) +10.31% to $4.28. Franco-Nevada Corporation (FNV.WT) +10.87% to $5.10. Fiera High Income Trust (HIT.UN) +8.31% to $10.04.
SL Split Corp. (SLS) -14.55% to $2.82. Oil Sands Split Trust (OST.UN) -9.87% to $109.99. Whiterock Real Estate Investme (WRK.UN) -9.09% to $15.000. NB Split Corp. (NBF) -7.46% to $6.20. Allbanc Split Corp. (ABK.A) -7.36% to $17.13.
Toronto's S&P/TSX composite index rode out a relatively turbulent trading session and closed up 130.35 points to 9409.50.
The TSX Venture Exchange gained 8.82 points to 987.94.
The Canadian dollar gained 1.06 to 81.71 cents US.
Roger Biduk
S&P/TSX Capped Diversified Metals & Mining Index gained 0.46% as aluminum lost 1.13%, copper was 3.37% lower at $1.99 and silver rose 3.66% to $12.66.
Quadra Mining Ltd. (QUA) +9.08% to $6.25. Queenston Mining Inc. (QMI) +7.65% to $3.66. Jaguar Mining Inc. (JAG) +7.62% to $7.20. Richmont Mines Inc. (RIC) +7.48% to $4.31. Osisko Mining Corporation (OSK) +6.52% to $5.72. Silvercorp Metals Inc. (SVM) +5.86% to $2.89.
Gerdau AmeriSteel Corporation (GNA) -8.94% to $5.50.
Statistics Canada said retail sales edged up 0.2 per cent in February to $33.7 billion, driven by higher prices rather than sales volumes.
The April crude contract on the New York Mercantile Exchange rose 0.62% to $48.85 and natural gas was down 3.70% to $3.51 as the S&P/TSX Energy Index rose 2.08%.
West Energy Ltd. (WTL) +6.09% to $2.44. ShawCor Ltd. (SCL.A) +5.68% to $21.60. Peyto Energy Trust (PEY.UN) +5.21% to $9.89.
Eveready Inc. (EIS) -15.95% to $3.320.
Investors were also focused on comments from the Bank of Canada which said in its April monetary report that the recession is much more severe and will last longer than it previously thought.
Roger Biduk
The S&P/TSX Consumer Discretionary Index was 0.18% lower and the S&P/TSX Consumer Staples Index rose 0.62%.
Gildan Activewear Inc. (GIL) -5.96% to $15.00.
Fortress Paper Ltd. (FTP) +15.51% to $7.00. Cascades Inc. (CAS) +7.69% to $3.50. Arctic Glacier Income Fund (AG.UN) +6.09% to $2.09. Linamar Corporation (LNR) +6.06% to $4.55.
In earnings, Suncor Energy Inc. (TSX:SU) reported a first quarter loss of $189 million on comparatively low oil prices and various accounting and foreign exchange impacts. Shares in the company rose 86 cents to $30.33.
The S&P/TSX Capped Telecom Services Index was 0.95% higher and the S&P/TSX Capped Information Technology Index rose 0.82%.
Celestica Inc. (CLS) +13.03% to $6.42. March Networks Corporation (MN) +12.15% to $3.60.
Celestica Inc. (TSX:CLS) shares rose 13% to $6.42 after the contract manufacturer reported first-quarter earnings of US$19.2 million, down 36 per cent from a year earlier, as revenue fell 20 per cent.
Roger Biduk
The S&P/TSX Global Gold Index rose 2.52% as the April bullion contract in New York rose $14.10 to US$906.60 an ounce.
Banro Corporation (BAA) +8.56% to $2.03. Queenston Mining Inc. (QMI) +7.65% to $3.66. Jaguar Mining Inc. (JAG) +7.60% to $7.220. Richmont Mines Inc. (RIC) +7.48% to $4.31. Kirkland Lake Gold Inc. (KGI) +6.16% to $7.75.
Weaker demand for fertilizer and lower prices pushed Potash Corp. (TSX:POT) profits to US$308.3 million, down from a year-earlier profit of $566 million, while shares dropped $2.91 to $97.49.
In the Service sector:
Vitran Corporation Inc. (VTN) +12.00% to $8.40. Great Canadian Gaming Corp. (GC) +6.32% to $3.70. Garda World Security Corporati (GW) +5.72% to $3.14.
Roger Biduk
Grocery store operator Metro Inc. (TSX:MRU.A) said it is raising its dividend by 10 per cent as it posted net earnings of $76.3 million, an increase of 41 per cent over the same time last year. Company shares were down $.10 to $37.55.
The S&P/TSX Capped Health Care Index was lower by 0.97%.
Oncolytics Biotech Inc. (ONC) +8.87% to $2.21. Transition Therapeutics Inc. (TTH) +5.22% to $4.84.
The S&P/TSX Capped Industrials Index was up 1.86%.
Newalta Inc. (NAL) +8.86% to $4.30.
The S&P/TSX Capped Utilities Index rose 0.72%.
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How does this work? The news gets worse and worse but the markets go up. I’m expecting a nice downturn coming up very soon.
North American markets all finished near their highs of the day on Thursday as investors fended off another wave of bleak economic data on U.S. home sales and employment.
The S&P/TSX Capped Financial Index rose 1.63%.
Canexus Income Fund (CUS.UN) +21.21% to $4.00. Algonquin Power Income Fund (APF.UN) +13.60% to $2.84. Crown Hill Fund (MYT.UN) +10.31% to $4.28. Franco-Nevada Corporation (FNV.WT) +10.87% to $5.10. Fiera High Income Trust (HIT.UN) +8.31% to $10.04.
SL Split Corp. (SLS) -14.55% to $2.82. Oil Sands Split Trust (OST.UN) -9.87% to $109.99. Whiterock Real Estate Investme (WRK.UN) -9.09% to $15.000. NB Split Corp. (NBF) -7.46% to $6.20. Allbanc Split Corp. (ABK.A) -7.36% to $17.13.
Toronto's S&P/TSX composite index rode out a relatively turbulent trading session and closed up 130.35 points to 9409.50.
The TSX Venture Exchange gained 8.82 points to 987.94.
The Canadian dollar gained 1.06 to 81.71 cents US.
Roger Biduk
S&P/TSX Capped Diversified Metals & Mining Index gained 0.46% as aluminum lost 1.13%, copper was 3.37% lower at $1.99 and silver rose 3.66% to $12.66.
Quadra Mining Ltd. (QUA) +9.08% to $6.25. Queenston Mining Inc. (QMI) +7.65% to $3.66. Jaguar Mining Inc. (JAG) +7.62% to $7.20. Richmont Mines Inc. (RIC) +7.48% to $4.31. Osisko Mining Corporation (OSK) +6.52% to $5.72. Silvercorp Metals Inc. (SVM) +5.86% to $2.89.
Gerdau AmeriSteel Corporation (GNA) -8.94% to $5.50.
Statistics Canada said retail sales edged up 0.2 per cent in February to $33.7 billion, driven by higher prices rather than sales volumes.
The April crude contract on the New York Mercantile Exchange rose 0.62% to $48.85 and natural gas was down 3.70% to $3.51 as the S&P/TSX Energy Index rose 2.08%.
West Energy Ltd. (WTL) +6.09% to $2.44. ShawCor Ltd. (SCL.A) +5.68% to $21.60. Peyto Energy Trust (PEY.UN) +5.21% to $9.89.
Eveready Inc. (EIS) -15.95% to $3.320.
Investors were also focused on comments from the Bank of Canada which said in its April monetary report that the recession is much more severe and will last longer than it previously thought.
Roger Biduk
The S&P/TSX Consumer Discretionary Index was 0.18% lower and the S&P/TSX Consumer Staples Index rose 0.62%.
Gildan Activewear Inc. (GIL) -5.96% to $15.00.
Fortress Paper Ltd. (FTP) +15.51% to $7.00. Cascades Inc. (CAS) +7.69% to $3.50. Arctic Glacier Income Fund (AG.UN) +6.09% to $2.09. Linamar Corporation (LNR) +6.06% to $4.55.
In earnings, Suncor Energy Inc. (TSX:SU) reported a first quarter loss of $189 million on comparatively low oil prices and various accounting and foreign exchange impacts. Shares in the company rose 86 cents to $30.33.
The S&P/TSX Capped Telecom Services Index was 0.95% higher and the S&P/TSX Capped Information Technology Index rose 0.82%.
Celestica Inc. (CLS) +13.03% to $6.42. March Networks Corporation (MN) +12.15% to $3.60.
Celestica Inc. (TSX:CLS) shares rose 13% to $6.42 after the contract manufacturer reported first-quarter earnings of US$19.2 million, down 36 per cent from a year earlier, as revenue fell 20 per cent.
Roger Biduk
The S&P/TSX Global Gold Index rose 2.52% as the April bullion contract in New York rose $14.10 to US$906.60 an ounce.
Banro Corporation (BAA) +8.56% to $2.03. Queenston Mining Inc. (QMI) +7.65% to $3.66. Jaguar Mining Inc. (JAG) +7.60% to $7.220. Richmont Mines Inc. (RIC) +7.48% to $4.31. Kirkland Lake Gold Inc. (KGI) +6.16% to $7.75.
Weaker demand for fertilizer and lower prices pushed Potash Corp. (TSX:POT) profits to US$308.3 million, down from a year-earlier profit of $566 million, while shares dropped $2.91 to $97.49.
In the Service sector:
Vitran Corporation Inc. (VTN) +12.00% to $8.40. Great Canadian Gaming Corp. (GC) +6.32% to $3.70. Garda World Security Corporati (GW) +5.72% to $3.14.
Roger Biduk
Grocery store operator Metro Inc. (TSX:MRU.A) said it is raising its dividend by 10 per cent as it posted net earnings of $76.3 million, an increase of 41 per cent over the same time last year. Company shares were down $.10 to $37.55.
The S&P/TSX Capped Health Care Index was lower by 0.97%.
Oncolytics Biotech Inc. (ONC) +8.87% to $2.21. Transition Therapeutics Inc. (TTH) +5.22% to $4.84.
The S&P/TSX Capped Industrials Index was up 1.86%.
Newalta Inc. (NAL) +8.86% to $4.30.
The S&P/TSX Capped Utilities Index rose 0.72%.
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Wednesday, April 22, 2009
Roger Biduk; Small Gains for Bay Street
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%.
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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%.
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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.
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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.
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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.
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Stock markets dropped heavily on Monday as crude oil prices fell to the lowest level since mid-March and fears grew that big American banks are burdened by swelling bad debts.
The S&P/TSX Capped Financial Index sank 5.06%.
Franco-Nevada Corporation (FNV) +5.36% to $25.150.
Savanna Energy Services Corp. (SVY) -14.43% to $5.220. Canadian Life Companies Split (LFE) -11.96% to $4.27. Dundee Corporation (DC.A) -11.74% to $5.34. Birchcliff Energy Ltd. (BIR) -11.19% to $5.95. Brookfield Properties Corp. (BPO) -10.11% to $8.45.
Renewed worries about the U.S. banks came on word that their lending remains tight and anxiety that Washington may take big ownership stakes in banks as its $700-billion bailout fund runs down.
The S&P/TSX Capped Health Care Index was lower by 1.44%.
Theratechnologies Inc. (TH) -8.58% to $2.77.
Roger Biduk
Toronto's S&P/TSX composite index fell 311.50 points to 9,126.15, with the energy and base metals sectors contributing most to the drag.
The TSX Venture Exchange ended down 13.80 points to 975.43.
The Canadian dollar fell 1.56 cents to 80.74 cents US.
The April crude contract on the New York Mercantile Exchange tanked 8.84% to $45.88 and natural gas was down 5.05% to $3.67 as the S&P/TSX Energy Index sank 6.48%.
Eveready Inc. (EIS) +13.88% to $2.79. Heritage Oil Corporation (HOC) +8.82% to $7.40.
Ensign Energy Services Inc. (ESI) -13.23% to $12.00. Xtreme Coil Drilling Corp. (XDC)
-11.06% to $2.09. Trican Well Service Ltd. (TCW) -10.48% to $8.54. Galleon Energy Inc. (GO)
-10.40% to $4.48. Highpine Oil & Gas Limited (HPX) -10.37% to $5.53.
Precision Drilling Trust units (TSX:PD.UN) lost 8% to $4.52 on news that an Alberta government investment vehicle is taking a 15 per cent stake in the oilfield services trust. The $380 million financing is to enable Precision to restructure debt.
S&P/TSX Capped Diversified Metals & Mining Index tanked 10.13% as aluminum fell 2.96%, copper was 4.21% lower at $2.11 and silver gained 2.67% to $12.11.
Red Back Mining Inc. (RBI) +8.73% to $7.60.
Teck Cominco Limited (TCK.B) -14.78% to $9.11. First Quantum Minerals Ltd. (FM) -12.53% to $38.05. Gerdau AmeriSteel Corporation (GNA) -11.76% to $5.25. Quadra Mining Ltd. (QUA)
-9.95% to $5.52.
Timminco Ltd. (TSX:TIM) lost 38% to $2.36 after the company said some customers for its solar-panel-grade silicon are asserting that their contracts have been terminated and they want their deposits back. Timminco also is considering a $15-million equity private placement.
Roger Biduk
The S&P/TSX Capped Industrials Index was down 3.02%.
Bird Construction Income Fund (BDT.UN) -9.59% to $21.50. Ballard Power Systems Inc. (BLD)
-9.27% to $2.35. Churchill Corporation (The) (CUQ) -8.07% to $9.00. ADF Group Inc. (DRX)
-6.02% to $2.03. ATS Automation Tooling Systems (ATA) -5.02% to $3.97.
Martinrea International Inc. (TSX:MRE) is taking advantage of the insolvency of SKD Co. to pay $3 million for factory equipment and other assets which in better times produced $125 million in annualized revenue. The auto parts maker's stock gained a penny to $3.91.
The S&P/TSX Capped Telecom Services Index was 1.93% lower and the S&P/TSX Capped Information Technology Index fell 3.10%.
CryptoLogic Limited (CRY) +5.18% to $6.50.
5N Plus Inc. (VNP) -11.43% to $5.50. Celestica Inc. (CLS) -8.00% to $5.52. Gennum Corporation (GND) -6.46% to $4.49.
MI Developments Inc. (TSX:MIM.A) has exited its bid to buy insolvent racetrack operator Magna Entertainment Corp., and has reduced its debtor-in-possession financing for the subsidiary's restructuring. MID shares gained seven cents to $8.72.
Roger Biduk
The S&P/TSX Consumer Discretionary Index was 2.44% lower and the S&P/TSX Consumer Staples Index fell 0.66%.
Arctic Glacier Income Fund (AG.UN) +45.35% to $2.50.
Inscape Corporation (INQ) -8.70% to $2.10.
The S&P/TSX Capped Utilities Index fell 0.34%.
The S&P/TSX Global Gold Index soared 6.65% as the April bullion contract in New York rose $19.60 to US$887.50 an ounce.
Agnico-Eagle Mines Ltd. (AEM) +10.55% to $58.59. Kinross Gold Corporation (K) +8.97% to $18.23. Richmont Mines Inc. (RIC) +8.89% to $3.92. Barrick Gold Corporation (ABX) +8.39% to $36.16. Yamana Gold Inc. (YRI) +7.66% to $9.70.
First Quantum Minerals Ltd. (FM) -12.53% to $38.05. Imperial Metals Corporation (III)
-7.89% to $3.85.
In the Service sector: Forzani Group Ltd. (The) (FGL) -10.43% to $10.99. Wajax Income Fund (WJX.UN) -7.78% to $13.510. Garda World Security Corporati (GW) -6.55% to $2.71. MacDonald, Dettwiler and Assoc (MDA) -6.47% to $25.140. Great Canadian Gaming Corporat (GC) -6.36% to $3.24.
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Saturday, April 18, 2009
Roger Biduk; Bay Street Higher for Sixth Week
Roger Biduk
Toronto's S&P/TSX composite index moved up 94.28 points to 9,437.65.
The TSX Venture Exchange edged up 7.1 points to 989.23.
The S&P/TSX Capped Financial Index, was higher today by 2.14%.
BNS Split Corp. II (BSC) +8.46% to $7.05. Brookfield Properties Corporat (BPO) +6.70% to $9.40. Coventree Inc. (COF) +6.67% to $4.00. Financial 15 Split Corp. (FTN.PR.A) +6.26% to $8.49. Franco-Nevada Corporation (FNV.WT) +5.95% to $4.45.
Canexus Income Fund (CUS.UN) -5.78% to $3.10. AGF Management Limited (AGF.B) -5.68% to $10.63. Dynasty Metals & Mining Inc. (DMM) -5.36% to $4.59.
The Canadian dollar was down 0.37 of a cent to 82.3 cents U.S. amid signs of lower inflation. Statistics Canada reported that the headline inflation rate dipped to 1.2 per cent in March.
The S&P/TSX Consumer Discretionary Index was 0.89% higher and the S&P/TSX Consumer Staples Index rose 0.09%.
Linamar Corporation (LNR) +5.38% to $3.92. Gildan Activewear Inc. (GIL) +5.63% to $15.38.
Roger Biduk
The TSX was up 251 points or 2.7 per cent for this week.
The rally which started March 10 has sent the TSX and the Dow industrials up by about 24%.
The April crude contract on the New York Mercantile Exchange gained 0.70% to $50.35 and natural gas was up 3.61% to $3.73 as the S&P/TSX Energy Index rose 1.60%.
Stoneham Drilling Trust (SDG.UN) +59.35% to $2.47. Cathedral Energy Services Inco (CET.UN) +14.61% to $4.00. Corridor Resources Inc. (CDH) +14.29% to $2.40. Trinidad Drilling Ltd. (TDG) +10.19% to $4.54. Paramount Energy Trust (PMT.UN) +9.89% to $3.89.
OPTI Canada Inc. (OPC) -5.83% to $2.10.
The board of UTS Energy Corp. (TSX:UTS) formally recommended that shareholders reject an improved hostile takeover bid from French oil giant Total SA. Total raised its offer earlier in the week from $1.30 per share to $1.75 per share. UTS stock was unchanged at $1.83.
The S&P/TSX Capped Industrials Index was up 2.03%.
JDS Uniphase Canada Ltd. (JDU) +12.12% to $5.83. Newalta Inc. (NAL) +10.17% to $3.90. Canfor Corporation (CFP) +9.98% to $5.62. Churchill Corporation (The) (CUQ) +5.38% to $9.79.
Ballard Power Systems Inc. (BLD) -11.72% to $2.56.
Roger Biduk
The retail cost of food was up 7.9 per cent from a year ago, the biggest rise since 1986, but this was offset by lower gasoline prices. Core inflation was exactly on the Bank of Canada's target of two per cent.
The S&P/TSX Capped Telecom Services Index was 0.33% higher and the S&P/TSX Capped Information Technology Index rose 0.50%.
CryptoLogic Limited (CRY) -5.94% to $6.18. Gennum Corporation (GND) -9.43% to $4.80.
Tundra Semiconductor Corporati (TUN) +13.94% to $5.64. Torstar Corporation (TS.B) +7.27% to $5.90.
S&P/TSX Capped Diversified Metals & Mining Index declined 0.04% as aluminum was flat, copper was 0.85% higher at $2.20 and silver lost 3.79% at $11.79.
The S&P/TSX Capped Utilities Index gained 0.84%.
Gerdau AmeriSteel Corporation (GNA) +6.44% to $5.95. Timminco Limited (TIM) +5.56% to $3.80. Athabasca Potash Inc. (API) +5.00% to $3.36.
Silver Wheaton Corp. (SLW) -5.26% to $9.01. Equinox Minerals Limited (EQN) -5.12% to $2.04.
Roger Biduk
The S&P/TSX Global Gold Index fell 2.98% as the April bullion contract in New York fell $11.90 to US$867.90 an ounce.
Aquiline Resources Inc. (AQI) -10.00% to $2.43. Jaguar Mining Inc. (JAG) -6.79% to $6.04. Kinross Gold Corporation (K.WT.C) -5.63% to $3.35.
The S&P/TSX Capped Health Care Index was lower by 1.38%.
In the service sector:
World Energy Solutions Inc. (XWE) +14.75% to $7.00. Forzani Group Ltd. (The) (FGL) +10.24% to $12.27. Jazz Air Income Fund (JAZ.UN) +9.01% to $2.54.Canadian Pacific Railway Limit (CP) +6.88% to $42.10. TransForce Inc. (TFI) +6.40% to $3.99. Garda World Security Corporati (GW) -7.94% to $2.90.
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Toronto's S&P/TSX composite index moved up 94.28 points to 9,437.65.
The TSX Venture Exchange edged up 7.1 points to 989.23.
The S&P/TSX Capped Financial Index, was higher today by 2.14%.
BNS Split Corp. II (BSC) +8.46% to $7.05. Brookfield Properties Corporat (BPO) +6.70% to $9.40. Coventree Inc. (COF) +6.67% to $4.00. Financial 15 Split Corp. (FTN.PR.A) +6.26% to $8.49. Franco-Nevada Corporation (FNV.WT) +5.95% to $4.45.
Canexus Income Fund (CUS.UN) -5.78% to $3.10. AGF Management Limited (AGF.B) -5.68% to $10.63. Dynasty Metals & Mining Inc. (DMM) -5.36% to $4.59.
The Canadian dollar was down 0.37 of a cent to 82.3 cents U.S. amid signs of lower inflation. Statistics Canada reported that the headline inflation rate dipped to 1.2 per cent in March.
The S&P/TSX Consumer Discretionary Index was 0.89% higher and the S&P/TSX Consumer Staples Index rose 0.09%.
Linamar Corporation (LNR) +5.38% to $3.92. Gildan Activewear Inc. (GIL) +5.63% to $15.38.
Roger Biduk
The TSX was up 251 points or 2.7 per cent for this week.
The rally which started March 10 has sent the TSX and the Dow industrials up by about 24%.
The April crude contract on the New York Mercantile Exchange gained 0.70% to $50.35 and natural gas was up 3.61% to $3.73 as the S&P/TSX Energy Index rose 1.60%.
Stoneham Drilling Trust (SDG.UN) +59.35% to $2.47. Cathedral Energy Services Inco (CET.UN) +14.61% to $4.00. Corridor Resources Inc. (CDH) +14.29% to $2.40. Trinidad Drilling Ltd. (TDG) +10.19% to $4.54. Paramount Energy Trust (PMT.UN) +9.89% to $3.89.
OPTI Canada Inc. (OPC) -5.83% to $2.10.
The board of UTS Energy Corp. (TSX:UTS) formally recommended that shareholders reject an improved hostile takeover bid from French oil giant Total SA. Total raised its offer earlier in the week from $1.30 per share to $1.75 per share. UTS stock was unchanged at $1.83.
The S&P/TSX Capped Industrials Index was up 2.03%.
JDS Uniphase Canada Ltd. (JDU) +12.12% to $5.83. Newalta Inc. (NAL) +10.17% to $3.90. Canfor Corporation (CFP) +9.98% to $5.62. Churchill Corporation (The) (CUQ) +5.38% to $9.79.
Ballard Power Systems Inc. (BLD) -11.72% to $2.56.
Roger Biduk
The retail cost of food was up 7.9 per cent from a year ago, the biggest rise since 1986, but this was offset by lower gasoline prices. Core inflation was exactly on the Bank of Canada's target of two per cent.
The S&P/TSX Capped Telecom Services Index was 0.33% higher and the S&P/TSX Capped Information Technology Index rose 0.50%.
CryptoLogic Limited (CRY) -5.94% to $6.18. Gennum Corporation (GND) -9.43% to $4.80.
Tundra Semiconductor Corporati (TUN) +13.94% to $5.64. Torstar Corporation (TS.B) +7.27% to $5.90.
S&P/TSX Capped Diversified Metals & Mining Index declined 0.04% as aluminum was flat, copper was 0.85% higher at $2.20 and silver lost 3.79% at $11.79.
The S&P/TSX Capped Utilities Index gained 0.84%.
Gerdau AmeriSteel Corporation (GNA) +6.44% to $5.95. Timminco Limited (TIM) +5.56% to $3.80. Athabasca Potash Inc. (API) +5.00% to $3.36.
Silver Wheaton Corp. (SLW) -5.26% to $9.01. Equinox Minerals Limited (EQN) -5.12% to $2.04.
Roger Biduk
The S&P/TSX Global Gold Index fell 2.98% as the April bullion contract in New York fell $11.90 to US$867.90 an ounce.
Aquiline Resources Inc. (AQI) -10.00% to $2.43. Jaguar Mining Inc. (JAG) -6.79% to $6.04. Kinross Gold Corporation (K.WT.C) -5.63% to $3.35.
The S&P/TSX Capped Health Care Index was lower by 1.38%.
In the service sector:
World Energy Solutions Inc. (XWE) +14.75% to $7.00. Forzani Group Ltd. (The) (FGL) +10.24% to $12.27. Jazz Air Income Fund (JAZ.UN) +9.01% to $2.54.Canadian Pacific Railway Limit (CP) +6.88% to $42.10. TransForce Inc. (TFI) +6.40% to $3.99. Garda World Security Corporati (GW) -7.94% to $2.90.
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Wednesday, April 15, 2009
Roger Biduk; Financials Lift Bay Street
Roger Biduk.
A late day burst of strength from the financial sector sent the Toronto stock market slightly higher Wednesday.
The S&P/TSX Capped Financial Index, was higher today by 1.06%.
AGF Management Limited (AGF.B) +15.03% to $9.95. Sun Gro Horticulture Income Fu (GRO.UN) +13.64% to $2.50. STRATA Income Fund (STW.UN) +7.83% to $2.34. Fairfax Financial Holdings Lim (FFH) +5.80% to $327.99. Uranium Participation Corporat (U) +5.03% to $7.10.
Toronto's S&P/TSX composite index closed 14.49 points higher at 9,246.11.
The TSX Venture Exchange gained 11.02 points to 987.94 while the CDN$ was up 0.74 of a cent to 83.11 cents US.
The showing still leaves the TSX up about 20 per cent from a spring rally that got under way March 10, after indexes reached multi-year lows.
Roger Biduk
The S&P/TSX Consumer Discretionary Index was 0.18% lower and the S&P/TSX Consumer Staples Index rose 0.42%.
The U.S. Energy Department said that crude inventories grew by 5.6 million barrels, or 1.6 per cent, to 366.7 million barrels, which is 16.5 per cent above year-ago levels. That's the highest level since 1990 and more than twice the increase that had been expected.
The April crude contract on the New York Mercantile Exchange lost 0.32% to $49.25 and natural gas was up 0.11% to $3.69 as the S&P/TSX Energy Index fell 0.59%. There’s indications that falling demand is lifting U.S. crude stocks far more than expected.
OPTI Canada Inc. (OPC) +7.04% to $2.28. Vero Energy Inc. (VRO) +6.93% to 4.01. Phoenix Technology Income Fund (PHX.UN) +5.44% to $8.14.
Addax Petroleum Corporation (AXC) -5.21% to $31.27. Petrominerales Ltd. (PMG) -6.85% to $10.20.
The S&P/TSX Capped Industrials Index was up 0.01%.
Ballard Power Systems Inc. (BLD) +8.15% to $2.92. TimberWest Forest Corp. (TWF.UN) +5.02% to $3.35.
Roger Biduk
The S&P/TSX Capped Telecom Services Index was 1.36% higher.
Canwest Global Communications Corp. (TSX:CGS) said Tuesday that its Canwest Media Inc. subsidiary has been given another extension on a US$30.4-million interest payment that was due on its debt. The deal gives the company until April 21, the same deadline set by the company's senior lenders, to come up with a solution. Its shares rose two cents to 25 cents Cdn.
The S&P/TSX Capped Information Technology Index fell 1.01%.
Gennum Corporation (GND) +11.41% to $5.37.
S&P/TSX Capped Diversified Metals & Mining Index gained 0.86% as aluminum fell 1.79%, copper was 3.78% higher at $2.21 and silver gained 0.27% at $12.80.
Athabasca Potash Inc. (API) +9.86% to $3.23. Uranium One Inc. (UUU) +5.40% to $2.93.
Roger Biduk
The S&P/TSX Capped Utilities Index gained 0.01%.
Canadian Hydro Developers Inc (KHD) -7.86% to $2.58.
The S&P/TSX Global Gold Index rose 0.14% as the April bullion contract in New York fell $1.50 to US$893.50 an ounce.
Centerra Gold Inc. (CG) +7.68% $5.19. Jaguar Mining Inc. (JAG) +7.35% to $6.57.
NovaGold Resources Inc (NG) -5.76% to $3.11. Banro Corporation (BAA) -7.34% to $2.40.
Shares in developing gold miner NovaGold Resources Inc. (TSX:NG) declined 19 cents to C$3.11 after the company posted a first-quarter loss of $28.5 million versus year-ago profit of $24.2 million.
The S&P/TSX Capped Health Care Index was lower by 1.32%.
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A late day burst of strength from the financial sector sent the Toronto stock market slightly higher Wednesday.
The S&P/TSX Capped Financial Index, was higher today by 1.06%.
AGF Management Limited (AGF.B) +15.03% to $9.95. Sun Gro Horticulture Income Fu (GRO.UN) +13.64% to $2.50. STRATA Income Fund (STW.UN) +7.83% to $2.34. Fairfax Financial Holdings Lim (FFH) +5.80% to $327.99. Uranium Participation Corporat (U) +5.03% to $7.10.
Toronto's S&P/TSX composite index closed 14.49 points higher at 9,246.11.
The TSX Venture Exchange gained 11.02 points to 987.94 while the CDN$ was up 0.74 of a cent to 83.11 cents US.
The showing still leaves the TSX up about 20 per cent from a spring rally that got under way March 10, after indexes reached multi-year lows.
Roger Biduk
The S&P/TSX Consumer Discretionary Index was 0.18% lower and the S&P/TSX Consumer Staples Index rose 0.42%.
The U.S. Energy Department said that crude inventories grew by 5.6 million barrels, or 1.6 per cent, to 366.7 million barrels, which is 16.5 per cent above year-ago levels. That's the highest level since 1990 and more than twice the increase that had been expected.
The April crude contract on the New York Mercantile Exchange lost 0.32% to $49.25 and natural gas was up 0.11% to $3.69 as the S&P/TSX Energy Index fell 0.59%. There’s indications that falling demand is lifting U.S. crude stocks far more than expected.
OPTI Canada Inc. (OPC) +7.04% to $2.28. Vero Energy Inc. (VRO) +6.93% to 4.01. Phoenix Technology Income Fund (PHX.UN) +5.44% to $8.14.
Addax Petroleum Corporation (AXC) -5.21% to $31.27. Petrominerales Ltd. (PMG) -6.85% to $10.20.
The S&P/TSX Capped Industrials Index was up 0.01%.
Ballard Power Systems Inc. (BLD) +8.15% to $2.92. TimberWest Forest Corp. (TWF.UN) +5.02% to $3.35.
Roger Biduk
The S&P/TSX Capped Telecom Services Index was 1.36% higher.
Canwest Global Communications Corp. (TSX:CGS) said Tuesday that its Canwest Media Inc. subsidiary has been given another extension on a US$30.4-million interest payment that was due on its debt. The deal gives the company until April 21, the same deadline set by the company's senior lenders, to come up with a solution. Its shares rose two cents to 25 cents Cdn.
The S&P/TSX Capped Information Technology Index fell 1.01%.
Gennum Corporation (GND) +11.41% to $5.37.
S&P/TSX Capped Diversified Metals & Mining Index gained 0.86% as aluminum fell 1.79%, copper was 3.78% higher at $2.21 and silver gained 0.27% at $12.80.
Athabasca Potash Inc. (API) +9.86% to $3.23. Uranium One Inc. (UUU) +5.40% to $2.93.
Roger Biduk
The S&P/TSX Capped Utilities Index gained 0.01%.
Canadian Hydro Developers Inc (KHD) -7.86% to $2.58.
The S&P/TSX Global Gold Index rose 0.14% as the April bullion contract in New York fell $1.50 to US$893.50 an ounce.
Centerra Gold Inc. (CG) +7.68% $5.19. Jaguar Mining Inc. (JAG) +7.35% to $6.57.
NovaGold Resources Inc (NG) -5.76% to $3.11. Banro Corporation (BAA) -7.34% to $2.40.
Shares in developing gold miner NovaGold Resources Inc. (TSX:NG) declined 19 cents to C$3.11 after the company posted a first-quarter loss of $28.5 million versus year-ago profit of $24.2 million.
The S&P/TSX Capped Health Care Index was lower by 1.32%.
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