Market News June 4, 2007

Market closes for Monday, June 4, 2007:

Dow Jones 13,676.32 +8.21 or +0.06% YTD: +9.73%
S&P 500 1,539.18 +2.84 or +0.18% YTD: +8.52%
NASDAQ 2,618.29 +4.37 or +0.17% YTD: +8.40%
TSX COMP 14,146.74 +27.37 or +0.19% YTD: +9.59%
TSX VENT 3279.01 +4.14
Canadian dollar $Cdn. $U.S.
BoC Closing rate 1.0584 0.9448
Previous BoC closing rate 1.0613 0.9422

Cdn. Dollar/Euro Spot Rate 1.4276 0.7005
Gold AM PM
London Gold Fix (US) $670.75 $671.10

Spot Crude Oil Future(US) $66.21 +$1.13 or +1.74

NEWS
The Toronto stock market eked out a minor gain Monday to close at a new record high as investors took in a major deal in the real estate sector.

But it was a volatile session as the TSX came back from a 100-point-plus deficit in the early going after the Shanghai stock market initially unnerved investors with an 8% downturn.

Wall Street traded sideways as investors took some profits from markets approaching all-time highs and considered a lower than expected reading on factory orders.

Toronto’s S&P/TSX composite index gained 27.37 points to 14,146.74, surpassing the previous record from May 23 by four points.

The drop in Shanghai was the Chinese market’s steepest one-day slide since February and followed two other sharp declines in the past week in reaction to moves by the Chinese government to cool off soaring stock markets.

Overall, the main Chinese market is down 15% since a record high last Tuesday but damage elsewhere has been limited, unlike last February’s drop which caused a retracement on indexes around the world.

The Canadian dollar continued its sharp gains at three-decade highs, rising 0.26 cent to 94.48 cents US.
The currency is up about 10% this year, and up two cents in the past week alone, as currency traders are attracted by the likelihood of higher interest rates, along with solid economic reports and a series of corporate takeovers that boosted demand for the loonie

In New York, the Dow Jones industrials moved ahead 8.21 points to 13,676.32 after the U.S. Commerce Department said factory orders increased 0.3% in April, the weakest showing in three months and less than half of the 0.8% increase that analysts had expected.

On the bright side, orders for non-defence capital goods excluding aircraft were up a strong 2.1%.
The market found support from a 1.12% gain in the energy sector as the price of oil gained $1.13 to $66.21 a barrel.
The TSX financial sector was the biggest source of downward pressure, losing 0.85%.
The mining sector was up a slight 0.56%.
Most Asia-Pacific markets rose on the day with indexes in Australia, Indonesia, the Philippines, Singapore and South Korea all hitting new highs.

European bourses finished lower. (Canadian Press)
TSX
Most Active By Trading Volume*

Symbol Price $ Change % Change Volume
LIM 27.300 -1.060 -3.74 26,388,881
BBD.B 6.050 +0.510 +9.21 23,922,615
DY 5.180 +0.060 +1.17 19,632,587
SXR 16.100 -0.530 -3.19 13,567,777
EMC 18.440 +0.150 +0.82 13,168,275
TIO 0.165 +0.020 +13.79 10,121,716
SRU 1.250 -0.110 -8.09 6,478,438
S 15.340 +0.110 +0.72 4,629,703
TLM 22.370 +0.170 +0.77 4,043,662
K 14.340 -0.120 -0.83 3,962,969
FCO 0.970 +0.050 +5.43 3,827,812
NI 0.980 +0.160 +19.51 3,402,071
CLS 7.510 +0.510 +7.29 3,399,750
RY 57.640 -0.800 -1.37 3,354,326
PDN 8.120 +0.350 +4.50 3,234,561

TSX VENTURE
Most Active By Trading Volume*

Symbol Price $ Change % Change Volume
GCR 2.900 +0.840 +40.78 5,053,685
NWT 0.850 +0.130 +18.06 3,374,200
FO 3.330 -0.320 -8.77 2,727,175
SDN 0.290 +0.070 +31.82 2,587,269
GCL 0.570 -0.060 -9.52 2,558,679
FII 0.650 +0.583 +870.15 2,493,800
CYP 0.450 +0.060 +15.38 2,352,805
KXL 0.610 -0.180 -22.78 2,269,184
AGX 0.320 +0.010 +3.23 1,810,433
PEP 0.440 +0.065 +17.33 1,640,688
MBR 4.620 +0.620 +15.50 1,550,682
SRI 0.440 -0.025 -5.38 1,470,126
IKI 0.200 +0.020 +11.11 1,411,500
WGP 0.350 +0.000 +0.00 1,237,428
PE 0.050 -0.005 -9.09 1,218,000

TRADING HALTS/RESUMPTIONS
Trade Resumption – Ridgeway Petroleum Corp. – RGW
Trade Resumption – Rapid Brands Inc. – RAP (formerly RDS Acquisition Corp. – RA.P)
Trading Halt – Priszm Income Fund – QSR.UN , Pending News
Trading Halt – Kereco Energy Ltd – KCO , Pending News
Trading Halt/ Trade Resumption – Romios Gold Res – RG
Trading Halt /Trade Resumption – Copper Canyon Resources Ltd. – CPY
Trade Resumption – Minterra Resource Corp. – MTR
Trading Halt – Century Energy Ltd. – CEY, Pending News
Trading Halt/ Trade Resumption – Dundee REIT – D (All issues)
Trading Halt/ Trade Resumption – Exco Technologies Limited – XTC
Trading Halt /Trade Resumption – Canadian Royalties Inc. – CZZ
Trading Halt – Orko Silver Corp. – OK ,Pending News
Trade Resumption – Caribou Resources Corp. – CBU
Trade Resumption – TG World Energy Corp. – TGE
NEW LISTINGS
MVE Capital Corp. To Trade On TSX Venture Exchange , MVE.P , CPC, 1,000,000 common shares at $0.20 per share, At the opening June 4, 2007

Sieger Capital Management Ltd. To Trade On TSX Venture Exchange , SIE.P , CPC, 2,000,000 common shares at $0.10 per share, At the opening June 5, 2007

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