Market News May 2, 2007

Market closes for Wednesday, May 2, 2007:

Dow Jones 13,211.88 +75.74 or +0.58% YTD: +6.01%
S&P 500 1,495.92 +9.62 or +0.65% YTD: +5.47%
NASDAQ 2,557.84 +26.31 or +1.04% YTD: +5.90%
TSX COMP 13,578.74 +172.41 or +1.29% YTD: +5.19%
TSX VENT 3262.34 +35.24
Canadian dollar $Cdn. $U.S.
BoC Closing rate 1.1087 0.9020
Previous BoC closing rate 1.1105 0.9005

Cdn. Dollar/Euro Spot Rate 1.5072 0.6635

Gold AM PM
London Gold Fix (US) $673.25 $669.50

Spot Crude Oil Future(US) $63.68 -$0.72 or -1.12%

NEWS
The Toronto stock market roared back to life after two losing sessions charging ahead more than 170 points as investors responded to positive corporate news, including earnings reports from three of the big players in the telecom sector.

New York markets also headed higher even as a report showed weak job growth two days before the release of the April U.S. employment report, while other data showed a strong runup in orders to U.S. factories.

Toronto’s S&P/TSX composite index jumped 172.41 points to 13,578.74 after losing over 225 points during the last two sessions as investors grapple with lower earnings growth.

On Wall Street, the Dow Jones industrial average rose 75.74 points to 13,211.88 after the Commerce Department said total factory orders climbed 3.1% in March, far better than the 2% figure that analysts had been expecting.

In other data, an employment indicator published by ADP and Macroeconomic Advisers reported an increase of 64,000 in private jobs in April, suggesting a softening in the labour market. Economists have been forecasting job growth of about 100,000 in the U.S. during April.

On the TSX, the information-technology sector was the biggest gainer, up 2.77% .
The telecom sector advanced 1.7%.
The energy sector was up 1.57% with the June crude contract on the New York Mercantile Exchange down 72 cents to $63.68 a barrel as the U.S. Department of Energy said that crude supplies climbed 1.1 million barrels last week but gasoline supplies fell for a 12th-straight week, down 1.1 million barrels. Gasoline futures for June delivery fell 1.21 cents to settle at $2.2326 a gallon in trading on the New York Mercantile Exchange.

The financials enjoyed a half-percentage point pop.
The mining sector also provided support, rising 2.4%.
The gold sector improved 2.6% with the June bullion contract on the Nymex down $2.20 to $675.10.
On the TSX, advances beat declines 1,081 to 545 with 209 unchanged as 468.1 million shares traded worth $7.6 billion. (Canadian Press)

TSX
Most Active By Trading Volume*

Symbol Price $ Change % Change Volume
BBD.B 4.790 +0.140 +3.01 25,712,884
UTS 5.360 +0.350 +6.99 11,685,064
RNG 5.440 +0.270 +5.22 10,188,360
SXR 16.300 +0.600 +3.82 10,025,576
BWR 2.290 +0.160 +7.51 9,219,283
K 15.200 +0.660 +4.54 8,612,892
THR 0.135 +0.035 +35.00 7,441,196
A 2.870 +0.030 +1.06 6,681,449
TIO 0.150 +0.020 +15.38 6,546,650
EQN 2.490 +0.030 +1.22 6,383,153
G 27.370 +0.630 +2.36 6,192,230
GIB.A 11.010 +0.940 +9.33 4,715,365
ABX 32.710 +1.560 +5.01 4,602,139
RCI.B 44.230 +1.620 +3.80 4,508,615
PDN 8.730 +0.210 +2.46 4,255,833
FNI 1.690 +0.110 +6.96 4,168,144
MAE 4.670 -0.030 -0.64 3,723,228
CCJ 0.690 +0.010 +1.47 3,562,400
ECA 59.670 +0.870 +1.48 3,535,858
DY 4.480 +0.140 +3.23 3,529,343
NMC 46.230 +0.390 +0.85 3,503,314
NRI 0.220 -0.025 -10.20 3,340,382
EQN.WT 0.600 +0.000 +0.00 3,231,500
XIU 77.720 +1.060 +1.38 3,229,238
ELD 6.400 +0.090 +1.43 3,108,319
HBM 22.090 +0.540 +2.51 3,059,174
OIL 9.450 +0.550 +6.18 3,042,974
YRI 15.400 +0.230 +1.52 2,992,013
TAH 0.810 +0.120 +17.39 2,955,374
WTO 37.500 +0.690 +1.87 2,904,626

TSX VENTURE
Most Active By Trading Volume*

Symbol Price $ Change % Change Volume
RSG 0.280 +0.010 +3.70 3,238,350
CLW.P 0.400 +0.020 +5.26 2,971,000
AFA 0.365 +0.045 +14.06 2,898,700
NCV 0.680 -0.250 -26.88 2,609,735
RGT 4.550 +1.250 +37.88 2,436,672
CYP 0.520 -0.010 -1.89 2,436,450
BN 0.455 +0.000 +0.00 2,377,951
CML 1.030 -0.030 -2.83 2,284,900
PIK 0.820 -0.010 -1.20 2,118,867
JRN 0.210 +0.035 +20.00 2,003,500
BDO 0.740 +0.010 +1.37 1,869,150
SYH 0.185 -0.010 -5.13 1,867,500
GEM 0.970 +0.130 +15.48 1,858,987
EEV 0.520 -0.040 -7.14 1,592,500
SAU 0.075 +0.005 +7.14 1,573,000

TRADING HALTS/RESUMPTIONS
Trading Halt – Kingsway Financial Services Inc. – KFS , Dissemination of News
Trading Halt/ Trade Resumption – ATW Ventures Inc. – ATW ,
Trading Halt/ Trade Resumption – Semcan Inc. – STT
Trading Halt – Shift Networks Inc. – SHF , Pending News
Trade Resumption – Platinex Inc – PTX
Trading Halt/ Trade Resumption – Neurochem Inc. – NRM
Trading Halt/ Trade Resumption – North American Tungsten Corporation Ltd – NTC
Trade Resumption – Caribou Resources Corp.- CBU
Trade Resumption – Metanor Resources Inc. – MTO
Trading Halt – Palmarejo Silver & Gold Corp – PJO , Pending News
Trading Halt – Goldcrest Resources Ltd – GCL , Pending News
Trading Halt – Eastshore Energy Ltd Class B – EST.B , Pending News
Trading Halt – Ivana Ventures Inc – ANA ,Pending News
Trading Halt – BlueGrouse Seismic Solutions Ltd. – BGH , Pending delisting

NEW LISTINGS
Adanac Molybdenum Corporation To Trade On Toronto Stock Exchange , AUA , 72,629,465 common shares are issued and outstanding and 25,925,020 common shares are reserved for issuance, , will be listed and posted for trading at the opening on Thursday, May 3, 2007. , and will be delisted from TSX Venture Exchange on May 3, 2007.

Sources include Advisors.ca, TSX.com, Canadian Press, Yahoo Finance,
Stockhouse.com

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