Market News June 15, 2007

Market closes for Friday, June 15, 2007:

Dow Jones 13,639.48 +85.76 or +0.63% YTD: +9.44%
S&P 500 1,532.91 +9.94 or +0.65% YTD: +8.08%
NASDAQ 2,626.71 +27.30 or +1.05% YTD: +8.75%
TSX COMP 14,137.41 +135.42 or +0.97% YTD: +9.52%
TSX VENT 3202.87 +39.92

Canadian dollar $Cdn. $U.S.
BoC Closing rate 1.0683 0.9361
Previous BoC closing rate 1.0687 0.9357

Cdn. Dollar/Euro Spot Rate 1.4293 0.6996
Gold AM PM
London Gold Fix (US) $650.60 $653.10

Spot Crude Oil Future(US) $68.00 +$0.35 or +0.52

NEWS
Stock markets further mended from last week’s selloff Friday as pleasing U.S. inflation data and lower bond yields pushed Toronto and New York indexes to strong gains for a third session.

Toronto’s S&P/TSX composite index closed up 135.42 points to 14,137.41, just a handful of points away from the most recent record high reached June 4, the day before the selloff began on worries about interest rates.

The Toronto market gained 338.91 points or 2.5% this week, sending the TSX up 9.5% year to date.
In New York, the Dow Jones industrial average finished up 85.76 points to 13,639.48 for a gain of 215.48 points or 1.6% this week. The blue chip index is up 9.4% year to date.

Stocks got off to a strong start after the U.S. Labour Department said headline consumer prices increased 0.7% in May because of surging gasoline prices, but core inflation excluding energy and food came in at 0.1%, less than the 0.2% reading economists were expecting.

The data’s indication that rising energy costs have not infected other parts of the economy makes it less likely that the U.S. Federal Reserve will hike interest rates.

Rate worries and higher bond yields had provoked a week of stock-market losses, but shares have been on the mend since the yield on the benchmark 10-year U.S. Treasury bond started easing from early Wednesday’s five-year high of over 5.3%. The 10-year Treasury’s yield was 5.17% Friday afternoon.

The Nasdaq composite index moved ahead 27.3 points to 2,626.71 after earlier touching 2,630, a level unseen since February 2001, for a gain of 2% this week. The S&P 500 index rose 9.94 to 1,532.91.

On the TSX, late day strength came from the financials, which was down for a good chunk of the session. It edged up 0.5%.

The energy sector rose 1.1% as the July crude contract on the New York Mercantile Exchange was up 35 cents to $68 a barrel.

The telecom sector advanced 1.25%.
The mining sector advanced 1%.
On the TSX, advances beat declines 1,003 to 593 with 215 unchanged as 485 million shares traded worth $10.5 billion. (Canadian Press) .

TSX

Most Active By Trading Volume*

Symbol Price $ Change % Change Volume
UMN 8.850 +0.910 +11.46 28,310,324
BBD.B 6.370 -0.130 -2.00 16,885,910
ELR 2.430 +0.000 +0.00 9,032,148
TLM 22.170 +0.270 +1.23 8,402,940
K 14.030 +0.360 +2.63 8,296,596
MFC 39.170 +0.070 +0.18 7,903,151
LIM 27.180 +0.000 +0.00 7,865,926
EQN 3.590 +0.170 +4.97 6,450,436
RY 57.090 -0.010 -0.02 6,264,751
BCE 39.190 +0.340 +0.88 6,117,675
WTO 37.910 +2.410 +6.79 5,985,559
NXY 33.480 +1.010 +3.11 5,474,927
ECA 70.210 +0.930 +1.34 5,348,967
G 26.460 +0.260 +0.99 5,020,876
SXR 14.800 +0.120 +0.82 4,785,145

TSX VENTURE
Most Active By Trading Volume*

Symbol Price $ Change % Change Volume
SGX 0.145 -0.020 -12.12 7,401,450
GRW 0.215 +0.025 +13.16 7,260,050
NWT 1.080 +0.230 +27.06 6,808,725
PCM 0.125 -0.010 -7.41 2,755,600
GXL 0.255 -0.025 -8.93 2,726,940
GCR 2.820 -0.320 -10.19 2,646,650
NAI 0.310 -0.025 -7.46 2,486,874
RPT 0.670 -0.040 -5.63 2,471,784
LWC 0.510 +0.030 +6.25 2,026,500
ITE 0.095 -0.005 -5.00 2,013,000
SE 1.100 -0.010 -0.90 1,948,492
MCR 1.100 -0.150 -12.00 1,822,700
DXE 0.180 +0.000 +0.00 1,514,000
IZN 1.480 +0.060 +4.23 1,419,922
WWF 0.250 -0.005 -1.96 1,401,421

TRADING HALTS/RESUMPTIONS
Trade Resumption – Surge Resources Inc. – SRH.H
Trading Halt – Benchmark Energy Corp – BEE , Pending News
Trading Halt – EGX Group Inc – GFG , Pending News
Trading Halt /Trade Resumption – UraMin Inc. – UMN
Trade Resumption – Globel Direct Inc – GBD
Trading Halt – Chrysalis Capital IV Corp – CIV.P , Pending News
Trade Resumption – Euromax Res Ltd. – EOX
NEW LISTINGS
Vistior Capital Limited To Trade On TSX Venture Exchange ,VCL.P , CPC, 2,000,000 common shares at $0.20 per share . At the opening Friday June 15, 2007

First Asset Global Infrastructure Fund To Trade On Toronto Stock Exchange , FAI.UN , up to 10,000,000 units will be issued and outstanding, and up to 1,700,000 will be reserved for issuance upon completion of a public offering (the “Offering , will be posted for trading at the opening on Tuesday, June 19, 2007.

Horizons BetaPro S&P/TSX Capped Energy Bull Plus ETF To Trade On Toronto Stock Exchange , HEU , 1,002,500 redeemable, transferable Class A units (the “Units”) of the ETF, all of which will be issued and outstanding and none will be reserved for issuance upon completion of an initial public offering., will be posted for trading at the opening on Tuesday, June 19, 2007.

Horizons BetaPro S&P/TSX Capped Energy Bear Plus ETF To Trade On Toronto Stock Exchange , HED , 1,002,500 redeemable, transferable Class A units (the “Units”) of the ETF, all of which will be issued and outstanding and none will be reserved for issuance upon completion of an initial public offering., will be posted for trading at the opening on Tuesday, June 19, 2007.

CIX Split Corp. To Trade On Toronto Stock Exchange , CXC CXC.PR.A , up to 4,000,000 Priority Equity Shares and up to 4,000,000 Class A Shares will be issued and outstanding, and up to 600,000 Priority Equity Shares and 600,000 Class A Shares will be reserved for issuance upon completion of an initial public offering (the “Offering”).will be posted for trading at the opening on Tuesday, June 19, 2007.

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