Market News June 18, 2007

Market closes for Monday, June 18, 2007

Dow Jones 13,635.42 +22.44 or +0.16% +9.41%
S&P 500 1,533.70 +2.65 or +0.17% +8.14%
NASDAQ 2,626.76 +0.16 or +0.01% +8.76%
TSX COMP 14,119.49 -56.93 or -0.40% +9.38%
TSX VENT 3237.08 + 0.20
Canadian dollar $Cdn. $U.S.
BoC Closing rate 1.0631 0.9406
Previous BoC closing rate 1.0716 0.9332

Cdn. Dollar/Euro
Spot Rate 1.4269 0.7008

Gold AM PM
London Gold Fix (USD) $655.10 $656.30

Spot Crude
Oil Future (USD) $69.10 +$0.01 or +0.01%

NEWS
The Toronto stock market remained in negative territory Tuesday afternoon after a morning decline in the mining sector and a benign inflation report for Canada.

Toronto’s S&P/TSX composite index was down 47.6 points to 14,126.8 at mid-afternoon as mining stocks fell 1.01%. Energy stocks were down 0.4% even as the July crude oil contract in New York increased 19 cents to US$69.28 a barrel.

The Canadian dollar rose 0.84 of a cent to 94.16 cents US, nearing the June 6 close of 94.52 cents US, which was its highest close since early July 1977.

Statistics Canada reported the annual inflation rate was at 2.2% in May, unchanged from April. Higher homeowners’ costs and gasoline prices were partly offset by lower prices for natural gas.

A U.S. Commerce Department report showed that construction of new homes slipped 2.1% in May, the weakest performance since a 13.9% plunge in January. The housing slump has been worsened by rising problems with mortgage defaults, but was in line with expectations that showed that weakness in the South and West offset construction gains in the Northeast and Midwest.

Shares in Petrominerales Ltd. rose sharply after the junior oil and gas company said its Corcel-1 exploration well in Colombia is being cased as a potential oil well. Petrominerales shares rose $1.55 or 33% to $6.25 in afternoon trading on the TSX.

The Home Depot Inc. will sell its wholesale distribution business to a group of private equity firms in deal valued at more than US$10 billion, the New York Times reported. Bain Capital and Clayton Dubilier & Rice and Carlyle Group are said to be the buyers, according to unidentified sources close to the deal.

Nuvo Research Inc. said it’s aiming to get U.S. marketing approval of its Pennsaid arthritis cream by the second half of 2009. The developer said the Food and Drug Administration wants additional studies proving the drug’s skin safety

Cadbury Schweppes PLC said Tuesday it plans to close 15% of its confectionery factories by 2011, cutting about 7,500 jobs, and will likely sell the U.S. unit that makes 7-Up, Dr Pepper and Snapple as it focuses on its candy and gum businesses. Last Friday was the deadline for expressions of interest. Private equity groups and the Canadian bottler Cott Corp. are thought to be among the possible bidders.

(Canadian Press).

TSX

Most Active By Trading Volume*

Symbol Price $ Change % Change Volume
BBD.B 6.800 +0.270 +4.13 15,437,728
LGY.UN 12.450 +0.160 +1.30 11,042,079
LIM 27.200 -0.010 -0.04 8,326,995
IMG 8.340 +0.200 +2.46 6,585,489
TLM 22.080 -0.420 -1.87 6,396,065
BWR 2.800 -0.050 -1.75 5,784,681
K 14.050 -0.060 -0.43 5,777,112
NRI 0.230 -0.090 -28.13 5,164,399
ELD 6.410 +0.200 +3.22 4,917,551
UMN 8.430 -0.200 -2.32 4,496,572
RY 56.250 -0.600 -1.06 4,253,405
BNS 52.440 -0.500 -0.94 3,894,178
ECA 70.370 -0.150 -0.21 3,556,792
MFC 39.520 +0.120 +0.30 3,534,929
PDN 8.010 +0.390 +5.12 3,521,640

TSX VENTURE
Most Active By Trading Volume*

Symbol Price $ Change % Change Volume
DXE 0.150 -0.010 -6.25 5,945,000
SGX 0.165 +0.005 +3.13 4,403,310
GCL 0.810 -0.160 -16.49 4,254,300
BBP 2.400 +0.130 +5.73 4,187,470
SXN 0.350 +0.000 +0.00 3,535,557
GXL 0.290 +0.020 +7.41 2,027,556
TMG 0.520 +0.080 +18.18 2,010,546
DIB 1.380 +0.130 +10.40 1,985,170
FO 2.840 +0.040 +1.43 1,984,732
TOO 0.185 +0.020 +12.12 1,780,670
NWT 1.160 +0.090 +8.41 1,502,223
ATV 0.105 +0.015 +16.67 1,476,500
IBI 0.045 -0.005 -10.00 1,372,000
GCR 3.030 +0.030 +1.00 1,324,850
WWF 0.250 -0.020 -7.41 1,198,150

TRADING HALTS/RESUMPTIONS
Trade Resumption – Milner Consolidated Silver Mines Ltd. – MCA
Trading Halt – Western Canadian Coal Corp. – WTN, WTN.DB , Pending News
Trading Halt/ Trade Resumption – Connacher Oil and Gas Limited – CLL, CLL.DB.A
Trading Halt/ Trade Resumption – Goldcrest Resources Inc. – GCL
Trading Halt/ Trade Resumption – United Reef Ltd. – URP , URPL
Trading Halt/ Trade Resumption – Orca Expl Group Inc. – ORC.A, ORC.B
Trade Resumption – EGX Group Inc. – GFG
Trade Resumption – Nextron Corp. – NXT
Trade Resumption – Western Areas NL – WSA

NEW LISTINGS
Claymore Global Balanced Income ETF To Trade On Toronto Stock Exchange , CBD , 200,000 common units (the “Common Units”) and 100,000 advisor class units (the “Advisor Class Units”) of the Claymore ETF (collectively, the “Units”), all of which will be issued and outstanding, upon the completion of an initial public offering.The Units will be posted for trading at the opening on Thursday, June 21, 2007.

Claymore Global Balanced Growth ETF To Trade On Toronto Stock Exchange , CBN , 200,000 common units (the “Common Units”) and 100,000 advisor class units (the “Advisor Class Units”) of the Claymore ETF (collectively, the “Units”), all of which will be issued and outstanding, upon the completion of an initial public offering The Units will be posted for trading at the opening on Thursday, June 21, 2007.

RuggedCom Inc. To Trade On Toronto Stock Exchange , RCM , 10,890,959 common shares will be issued and outstanding and 2,218,937 common shares will be reserved for issuance pursuant to an initial public offering, will be posted for trading at opening on Thursday, June 21, 2007

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