Market News June 6, 2007

Market closes for Wednesday, June 6, 2007:
Dow Jones 13,465.67 -129.79 or -0.95%% YTD: +8.04%
S&P 500 1,517.38 -13.57 or -0.89% YTD: +6.99%
NASDAQ 2,587.18 -24.05 or -0.92% YTD: +7.12%
TSX COMP 13,941.59 -200.10 or -1.41% YTD: +8.00%
TSX VENT 3249.20 -29.93
Canadian dollar $Cdn. $U.S.
BoC Closing rate 1.0580 0.9452
Previous BoC closing rate 1.0630 0.9407

Cdn. Dollar/Euro Spot Rate 1.4292 0.6997

Gold AM PM
London Gold Fix (US) $669.80 $669.70

Spot Crude Oil Future(US) $65.96 +$0.35 or +0.53

NEWS
North American stock markets tumbled Wednesday as a fresh round of interest rate worries raised concerns about stock valuations at a time when indexes were at or near record high levels.

New data showed rising wage pressures in the United States, while the European Central Bank raised its policy rate by a quarter percentage point to stifle inflation.

Mining, energy and financial stocks led the way as the TSX lost 200.1 points to 13,941.59, its biggest one day drop since late April, with all sectors firmly in the red, just two sessions after closing at a record high.

The Canadian dollar gained 0.45 cent to 94.52 cents US, its highest close since early July, 1977
Unease continued over remarks Tuesday by U.S. Federal Reserve chairman Ben Bernanke and strong economic data which heightened fears that not only is a rate cut unlikely, but the American central bank might even raise rates to deal with inflation.

The U.S. Labour Department said Wednesday that productivity slowed sharply in the first quarter, rising at annualized rate of 1%, and labour costs rose at a rate of 1.8%.

On top of that, Richmond Federal Reserve president Jeffrey Lacker said he sees no significant moderating trend yet in U.S. inflation.

Adding to anxiety was the quarter-point hike by the European Central Bank. ECB president Jean-Claude Trichet said economic growth is stronger than expected and inflation risks are on the rise.

Traders were keeping a close eye on the U.S. Treasury market as the 10-year note’s yield approached 5%, a level not seen since last August. On Wednesday, the yield stood at 4.98%.

On the TSX, the financial sector fell for a third session, down 1.35%.
The mining sector moved 1.73% lower.
The energy sector was down 1.7% even as the July crude contract in New York gained 35 cents to $65.96 a barrel following reports that several thousand Turkish troops had crossed into northern Iraq to chase Kurdish guerrillas.

On the TSX, declines overwhelmed advances 1,124 to 503 with 242 unchanged as 387.7 million shares traded worth $7.7 billion. (Canadian Press)

TSX
Most Active By Trading Volume*

Symbol Price $ Change % Change Volume
BBD.B 5.980 -0.090 -1.48 14,525,789
SXR 15.290 -0.520 -3.29 8,014,608
BCE 39.580 +0.380 +0.97 6,950,393
TLM 21.570 -0.670 -3.01 5,556,408
LIM 27.290 -0.020 -0.07 5,533,774
G 26.170 +0.370 +1.43 4,829,485
SRU 1.120 -0.080 -6.67 4,725,336
DY 5.000 -0.110 -2.15 4,574,067
RNG 5.400 -0.070 -1.28 4,457,540
BWR 2.450 -0.070 -2.78 4,416,933
A 2.840 -0.150 -5.02 4,167,327
OIL 12.350 +0.870 +7.58 4,135,129
EQN 3.290 -0.030 -0.90 4,098,067
ECA 67.400 -0.920 -1.35 4,090,048
AL 88.170 -1.450 -1.62 4,020,498

TSX VENTURE
Most Active By Trading Volume*

Symbol Price $ Change % Change Volume
SUL 0.480 +0.240 +100.00 18,398,184
KLA 0.140 +0.035 +33.33 13,267,750
GQC 1.500 +1.145 +322.54 12,017,546
EWR 0.170 +0.030 +21.43 4,962,332
MYS 0.015 -0.025 -62.50 4,931,000
GCL 0.820 +0.210 +34.43 4,913,700
FO 3.030 -0.080 -2.57 4,508,881
AGX 0.405 +0.015 +3.85 3,243,100
WWF 0.155 +0.045 +40.91 3,107,500
GCC 0.075 +0.010 +15.38 2,814,833
CLM 5.850 +0.750 +14.71 2,561,895
GFI 0.800 +0.000 +0.00 2,500,000
SDN 0.320 -0.040 -11.11 2,416,150
PEP 0.405 -0.035 -7.95 1,986,377
BN 0.510 +0.000 +0.00 1,926,089

TRADING HALTS/RESUMPTIONS
Trade Resumption – The Loyalist Insurance Group Ltd. – LOY
Trade Resumption – Cartier Resources Inc. (formerly Investissements St-Pierre Inc.) – ECR (formerly INP.P)
Trade Resumption – Advanced Explorations Inc. – AXI
Trading Halt – Wallbridge Mining – WM , Pending News
Trading Halt – Outlook Resources Inc. – OLR , Pending News
Trading Halt – Ripper Oil and Gas Inc. – RIP , Pending News
Trading Halt/ Trade Resumption – Consolidated Thompson Iron Mines Limited – CLM
Trading Halt/ Trade Resumption – Silverbirch Inc. – SVB
Trading Halt/ Trade Resumption – Goldquest Mining Corp. – GQC
Trading Halt/ Trade Resumption – Southampton Ventures Inc. – SV
Trading Halt – Independent Nickel Corp – INI , Pending News
Trading Halt – Providence Capital Corp. – PV.P , Pending News
Trade Resumption – Suroco Energy Inc. – SRN
Trade Resumption – Silverstone Resources Corp. – SST, SST.WT
Trade Resumption – Royal Host – RYL
NEW LISTINGS
Datacom Wireless Corporation To Trade On TSX Venture Exchange , DAT , 11,111,112 units at $0.90 per unit). Each unit consists of one common share at 0.90 $ per share and one-half of one share purchase warrant. Each whole warrant entitles the holder to purchase one common share at $1.10 for a period of 24 months from the date of closing., will commence trading on TSX Venture Exchange at the opening Wednesday, June 6, 2007 upon confirmation of closing.

Savant Explorations Ltd. To Trade On TSX Venture Exchange , SVT , 20,257,144 common shares are issued and outstanding.,Effective at the opening June 7, 2007

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