Market closes for  Wednesday,  June 3, 2009

North American markets

Close   Change  YTD
Dow Jones       8,675.24        -65.63 or -0.75%        -1.15%
S&P 500 931.76  -12.98 or -1.37%        +3.16%
NASDAQ  1,825.92        -10.88 or -0.59%        +15.78%
TSX Composite   10,290.12       -298.67 or -2.82%       +14.49%
TSX VENT              1107.96               -33.78
Currency

BoC Close       Today   Previous
Canadian $      0.9022  0.9251
US $    1.1084  1.0810

Euro Spot Rate  Today   Previous
Canadian $      0.6374  0.6460
Euro    1.5688  1.5480
Commodities

Gold    AM      PM
London Gold Fix ($US)   $979.00 $976.75

Oil     Close   Change
WTI Crude Future (US)   $66.12  -$2.43 or -3.54%
Silver                             15.33                     -0.64
Copper                             2.22                     -0.08
Nat Gas                            3.76                     -0.35
Nickel                              6.24                     -0.31

News Summary

A crack appeared in the three-month old rally on stock markets Wednesday as commodity and financial stocks led the Toronto stock market to tumble almost 300 points while the Canadian dollar retreated more than two U.S. cents.

New York markets were down sharply amid disappointing economic data while investors wondered about the sustainability of the rally which has pushed U.S. and Canadian stock indexes up more than 30% this spring.

Toronto’s S&P/TSX composite index moved 298.67 points or 2.8% lower to 10,290.12.
Losses were led by a 5% drop in the energy sector as the July crude contract on the New York Mercantile Exchange dropped $2.43 to US$66.12 after the U.S. dollar strengthened and government data showed an unexpected rise in crude supplies last week.

The Canadian dollar dropped 2.29 cents to 90.22 cents US – going as low as 89.94 cents US – as the American currency strengthened and the loonie sold off on falling oil prices. Canada’s loonie is viewed as a commodity currency in international financial markets and often swings wildly when oil prices or metals prices rise and fall.

On Wall Street, New York’s Dow Jones industrial average moved down 65.63 points to 8,675.24. Meanwhile, the Nasdaq composite index dropped 10.88 points to 1,825.92 while the S&P 500 index gave back 12.98 points to 931.76.

American markets were depressed after the ADP National Employment Report, a widely watched jobs index, showed that the U.S. private sector eliminated 532,000 jobs in May, the fewest jobs lost since November but higher than estimates of 525,000.

The report came out two days before the U.S. government releases its non-farm payrolls report for May, which is expected to show similar job losses. Goods producing industries cut 267,000 jobs while services cut 265,000.

Canadian employment data for last month also comes out on Friday. Economists expect that the economy shed about 42,000 jobs last month.

The August bullion contract on the Nymex moved down $18.80 to US$965.60 an ounce and the gold sector stepped back 3.5%.
(THE CANADIAN PRESS)
TSX
Most Active

BBD.B   Bombardier Inc  3.54    -0.33   -8.53%  34,107,582
UUU     Uranium One Inc 1.66    -0.16   -8.79%  20,917,960
HOU     Horizons Betapro NYMEX Crude Oil Bull + Etf     9.07    -0.75   -7.64%  15,826,931
HNU     Horizons BetaPro NYMEX Natural Gas Bull + ETF   6.24    -1.30   -17.24%         14,610,026
XIU     iShares CDN S&P/TSX 60 Index Fund       15.82   -0.46   -2.83%  13,944,630
ELR     Eastern Platinum Ltd    0.65    +0.04   +6.56%  12,499,691
TCK.B   Teck Cominco Ltd        17.60   -1.11   -5.93%  10,712,743
LUN     Lundin Mining Corp      2.80    -0.13   -4.44%  8,490,780
SU      Suncor Energy Inc       35.74   -2.19   -5.77%  8,097,007
CLL     Connacher Oil & Gas Ltd 1.00    -0.08   -7.41%  7,512,363
HAE     Haemacure Corp  0.07    +0.03   +62.50%         7,139,233
BNK     Bankers Petroleum Ltd   2.22    -0.13   -5.53%  6,703,459
ML      Mercator Minerals Ltd   1.62    -0.21   -11.48%         6,141,448
TLM     Talisman Energy Inc     16.69   -0.80   -4.57%  6,009,299
YRI     Yamana Gold Inc 12.13   -0.67   -5.23%  5,550,334
PDN     Paladin Energy Ltd      4.44    -0.36   -7.50%  5,445,604
BWR     Breakwater Resources Ltd        0.33    -0.01   -2.94%  5,136,000
MFC     Manulife Financial Corp 23.22   -0.98   -4.05%  5,070,476

TSX Venture
Most Active

ENA     Enablence Technologies Inc      0.62    0.00    0.00%   22,292,570
GLW     Gold Wheaton Gold Corp  0.29    -0.02   -4.92%  9,108,858
FVR     Finavera Renewables Inc 0.08    +0.04   +87.50%         7,161,792
BVT     Bonaventure Enterprises Inc     0.02    0.00    0.00%   6,127,100
RVA     Reva Resources Corp     0.08    -0.01   -11.11%         4,002,000
SSS     Stem Cell Therapeutics Corp     0.11    -0.01   -8.33%  3,471,650
RMK     Roxmark Mines Ltd       0.10    +0.02   +17.65%         3,132,989
JER     JER Envirotech Inernational Corp        0.01    -0.01   -33.33%         3,126,960
PXR     Prominex Resource Corp  0.02    -0.01   -33.33%         2,386,275
VGO     Ventura Gold Corp       0.27    -0.02   -6.90%  2,368,206
MLM     Millstream Mines Ltd    0.03    0.00    0.00%   2,087,500
MAA     MagIndustries Corp      0.44    -0.01   -1.12%  2,042,732
SGR     San Gold Corp   2.41    -0.06   -2.43%  2,021,298
MGR     Murgor Resources Inc    0.08    +0.01   +7.14%  1,907,024
RSG     Searchgold Resources Inc        0.04    0.00    0.00%   1,788,000
COD     Chalice Diamond Corp    0.04    -0.01   -11.11%         1,774,744

Trading Halts/Resumptions

Trade Resumption – WORLD FAMOUS PIZZA COMPANY LTD (formerly Brooklyn Ventures Corp.) – WPC (formerly BVC.P)
Trade Resumption – YONGE STREET CAPITAL CORP. – YSC.H (formerly Yonge Street Capital Corp. – YSC.P)
Trade Resumption – Vesta Capital Corp. – VES.P
Trade Resumption – STRATEGEM CAPITAL CORPORATION – SGE
Trading Halt/ Trade Resumption – Ontex Resources Limited – ONT
Trading Halt/ Trade Resumption – Heritage Oil Corporation – HOC
Trading Halt/ Trade Resumption – Puget Ventures Inc. – PVS

New Listings
BMO Canadian Government Bond Index ETF To Trade On Toronto Stock Exchange, ETF, BGB , 200,000 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. The Units will be posted for trading at the opening on June 4, 2009.

BMO US Equity Index ETF To Trade On Toronto Stock Exchange, ETF, BUE , 200,000 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. The Units will be posted for trading at the opening on June 4, 2009.

BMO Dow Jones Canada Titans 60 Index ETF To Trade On Toronto Stock Exchange, ETF, BCA  , 200,000 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.The Units will be posted for trading at the opening on June 4, 2009.

BMO Dow Jones Diamonds Index ETF To Trade On Toronto Stock Exchange, ETF, BDJ , 200,000 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.The Units will be posted for trading at the opening on June 4, 2009.

Sources include Advisors.ca, Tmxmoney.com, Canadian Press, Yahoo Finance,
Stockhouse.com , Canoe.ca , Kitco.com

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