Market News June 12, 2007

Market closes for Tuesday, June 12, 2007:
Dow Jones 13,295.01 -129.95 or -0.97% YTD: +6.67%
S&P 500 1,493.00 -16.12 or -1.07% YTD: +5.27%
NASDAQ 2,549.77 -22.38 or -0.87% YTD: +5.57%
TSX COMP 13,724.33 -108.49 or -0.78% YTD: +6.32%
TSX VENT 3129.92 -63.77
Canadian dollar $Cdn. $U.S.
BoC Closing rate 1.0668 0.9374
Previous BoC closing rate 1.0606 0.9429

Cdn. Dollar/Euro Spot Rate 1.4206 0.7039

Gold AM PM
London Gold Fix (US) $652.80 $647.25

Spot Crude Oil Future(US) $65.35 -$5.90 or -0.90

NEWS

North American stock markets sold off Tuesday during a volatile session as rising bond yields stoked worries about rising rates.

Toronto’s S&P/TSX composite index came back from a 111-point deficit to the unchanged mark before closing down 108.49 points at 13,724.33 after interest rate worries shaved more than 2% from the TSX last week.

The Canadian dollar moved lower for a second day, down 0.56 cent to 93.73 cents US.
Interest rate concerns have been the main focus of investors since last week when strong economic data and comments from U.S. Federal Reserve chair Ben Bernanke convinced markets that a rate cut isn’t in the offing, and that maybe a rate hike is in the cards.

Bond yields advanced strongly, unnerving investors. The yield on the benchmark 10-year American Treasury note continued to rise Tuesday, sitting at 5.25, the highest closing yield since 2002 and up from 5.16% Monday.

The rise in bond yields was stoked by a tepid reaction to the government’s auction of $8 billion in new 10-year notes Tuesday afternoon, suggesting that yields might have further to climb and exacerbating jitters that the Federal Reserve would hike interest rates.

There are worries that higher rates could crimp the merger and acquisition boom that sent Toronto and New York markets sharply higher this year, until a week ago.

On the TSX, the mining sector was the biggest drag, losing 2%.
Worries about higher rates continued to punish the TSX financial sector, which was down 0.5%.
The energy sector retreated 0.9% while oil prices fell. The July crude contract in New York slid 62 cents to $65.35 a barrel.

The industrial sector also moved down 0.9%.
On the TSX, declines beat advances 1,119 to 519 with 225 unchanged as 375.4 million shares traded worth $6.5 billion. (Canadian Press)

TSX

Most Active By Trading Volume*

Symbol Price $ Change % Change Volume
CCJ 0.660 -0.010 -1.49 10,539,672
TIO 0.165 -0.010 -5.71 7,901,300
LIM 27.110 -0.060 -0.22 7,492,492
BBD.B 6.170 -0.190 -2.99 6,672,169
EQN 3.160 -0.100 -3.07 6,003,177
BWR 2.610 +0.070 +2.76 5,462,427
A 2.910 +0.020 +0.69 4,975,416
SWP 9.600 +0.340 +3.67 4,912,152
SVC 4.980 +0.120 +2.47 4,780,803
CWM.UN 8.980 +0.000 +0.00 4,665,232
BCE 39.570 -0.260 -0.65 4,577,793
FNI 1.210 -0.100 -7.63 4,521,968
TLM 21.140 -0.140 -0.66 4,194,952
G 25.350 -0.230 -0.90 3,906,246
GIB.A 11.490 +0.000 +0.00 3,849,059

TSX VENTURE
Most Active By Trading Volume*

Symbol Price $ Change % Change Volume
GXL 0.245 +0.025 +11.36 5,897,596
GCR 3.750 +0.300 +8.70 5,793,206
IMR 0.425 +0.055 +14.86 4,424,943
NAI 0.320 +0.050 +18.52 4,061,363
SDN 0.295 -0.025 -7.81 3,354,462
TME 0.670 +0.220 +48.89 3,287,704
TXS 0.100 +0.000 +0.00 3,000,000
CK 0.320 +0.060 +23.08 2,811,700
CLM 5.550 -0.150 -2.63 2,171,485
BDO 0.730 +0.010 +1.39 2,144,500
PEP 0.440 -0.050 -10.20 2,117,494
RPT 0.580 +0.030 +5.45 2,067,820
CML 1.000 -0.030 -2.91 2,045,640
SGN 0.630 +0.010 +1.61 1,934,000
GPP 3.770 -0.010 -0.26 1,857,075

TRADING HALTS/RESUMPTIONS
Trade Resumption – Paloma Resources Inc. – PLO.H
Trading Halt – Trinidad Energy Services Income Trust – TDG.UN , Pending News
Trading Halt – In-Touch Survey Systems Ltd – INX , Request of company pending news
Trading Halt /Trade Resumption – Microbix Biosystems Inc. – MBX
Trade Resumption – Transgaming Inc. – TNG
Trading Halt – Seriatim Ventures Inc. – STV.P , Pending News
NEW LISTINGS
Sentry Select Primary Metals Corp. To Trade On Toronto Stock Exchange , PME PME.WT , up to 17,500,000 Class A Shares and up to 17,500,000 Warrants will be issued and outstanding, and up to 2,625,000 Class A Shares and up to 2,625,000 Warrants will be reserved for issuance upon completion of a public offering , will be posted for trading at the opening on Thursday, June 14, 2007.

Mainstream Minerals Corporation To Trade On TSX Venture Exchange , MJO , 3,703,704 common shares at $0.27 per share, At the opening on Wednesday, June 13, 2007

Evolving Gold Corp. To Trade On TSX Venture Exchange , EVG , 27,805,842 common shares are issued and outstanding., Effective at the opening Wednesday, June 13, 2007

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