Friday, August 15, 2008

Market closes for Friday, Aug. 15, 2008

Close   Change  YTD    
Dow Jones       11,659.90       +43.97 or +0.38%        -12.10%
S&P 500 1,298.20        +5.27 or +0.41%         -11.59%
NASDAQ  2,452.52        -1.15 or -0.05%         -7.53% 
TSX COMP        13,096.70       -262.21 or -1.96%       -5.32% 
TSX VENT      1937.33   -53.85

BoC Close       Today   Previous       
Canadian $      0.9443  0.9405 
US $    1.0590  1.0633 

Euro Spot Rate  Today   Previous       
Canadian $      0.6435  0.6351 
Euro    1.5539  1.5746 
Gold    AM      PM     
London Gold Fix (US)    $784.75 $786.50

Spot Crude Oil Future(US$)      $113.64 -$1.37 or -1.19%       
Silver                12.81             -1.41
Copper                3.31             EVEN
Nat Gas               8.09              -0.04

News Summary:

A broadbased selloff led by commodity stocks pushed the Toronto stock market more than 250 points lower Friday.
The S&P/TSX composite index tumbled 262.21 points to 13,096.7 as concerns mounted about a slowing global economy and the effect on oil and metal stocks.

The loss took the TSX's main index down 241.68 points or 1.75% for the week with finance, base metals, gold and energy stocks all lower.

But while commodities led the way downward, all TSX sectors were lower, save for a small gain in consumer discretionary stocks.

New York markets were mainly higher thanks to a sharp drop in the price of oil which deflected more grim data on consumer sentiment.

The Canadian dollar was up 0.38 of a cent at 94.43 cents US.
Statistics Canada reported that manufacturers' sales hit $52.5 billion in June, up 2.1% from May, with much of the increase powered by higher prices. It says petroleum and coal made the biggest sales gains, jumping 6.4%. Sales by primary metals manufacturers rose 6.1%.

New York's Dow Jones industrial average gained 43.97 points to 11,659.9. The Nasdaq composite index moved down 1.15 points to 2,452.52 and the S&P 500 added 5.26 points to 1,298.2 as investors were also reminded of the fragile state of the consumer.

The University of Michigan reported a slightly smaller-than-expected rise in consumer sentiment in early August compared with July, signalling that the average consumer remains
under pressure.

The September crude contract on the New York Mercantile Exchange fell $1.24 to US$113.77 a barrel after going as low as US$111.34 as the U.S. dollar extended its recent rally against major currencies. Prices had risen sharply Wednesday in the wake of U.S. Department of Energy figures showing a larger than expected drawdown of gasoline inventories last week.

But the main direction of oil has been down since hitting a record of just over US$147 on July 11 on the belief that economies around the world are slowing down, if not in recession. On Thursday, both Germany and France reported declines in second-quarter gross domestic product, their first quarterly decreases in years.

The gold sector was 4% lower as bullion moved below the US$800 level. The December gold contract on the Nymex closed down $22.40 to US$792.10. (THE CANADIAN PRESS)

TSX
Most Active

                                               
BN
      Blue Note Mining Inc    0.05    +0.01   +25.00%         12,205,857     
G       Goldcorp Inc    31.16   -1.77   -5.38%  6,510,718      
YRI     Yamana gold Inc 10.43   -0.43   -3.96%  6,147,171      
EF      EarthFirst Canada Inc   0.27    -0.05   -15.63%         5,465,108      
SVW     Silverwing Energy Inc   0.06    +0.03   +100.00%        5,443,114      
K       Kinross Gold Corp       15.79   -0.80   -4.82%  5,219,637      
GCE     Grande Cache Coal Corp  5.08    -0.37   -6.79%  5,038,499      
ABX     Barrick Gold Corp       33.94   -1.71   -4.80%  4,650,017      
BBD.B   Bombardier Inc  7.57    -0.19   -2.45%  4,420,615      
ELR     Eastern Platinum Ltd    1.39    -0.13   -8.55%  4,126,934      
TLM     Talisman Energy Inc     17.48   -0.52   -2.89%  3,761,817      
ECA     EnCana Corp     70.04   -3.06   -4.19%  3,532,315      
TIM     Timminco Ltd    13.00   +0.75   +6.12%  3,436,050      
CCU     Constellation Copper Corp       0.02    -0.01   -20.00%         3,157,204      
UUU     Uranium One Inc 3.66    +0.05   +1.39%  3,145,554      

TSX Venture
Most Active

                                               
CMS
     Creston Moly Corp       0.31    -0.07   -17.57%         4,324,287      
PLE     Plexmar Resources Inc   0.13    -0.02   -13.79%         3,831,000      
OPA     Opal Energy Corp        0.11    -0.02   -12.50%         3,192,385      
LGO     Largo Resources Ltd     0.52    -0.06   -10.34%         2,936,025      
FOS     PhoscanChemical Corp    0.86    -0.08   -8.51%  2,748,439      
TAO     TAG Oil Ltd     0.11    +0.01   +5.00%  1,914,000      
SD      Sidon International  Resources Corp     0.12    +0.02   +20.00%         1,605,650      
EM      Empirical Inc   0.02    +0.01   +100.00%        1,423,000      
BUK     Bridge Resources Corp   0.77    -0.07   -8.33%  1,335,800      
CQV     Canadian Imperial Venture Corp  0.06    0.00    0.00%   1,222,100      
EML     Ecometals Ltd   0.14    0.00    0.00%   1,126,500      
APX     Austral Pacific Energy Ltd      0.16    -0.15   -48.33%         1,108,994      
MAA     MagIndustries Corp      1.58    -0.16   -9.20%  999,720        
SBB     Sabina Silver Corp      0.80    -0.10   -11.11%         944,211        
CML     Crowflight Minerals inc 0.28    -0.04   -12.50%         924.968

Trading Halts/Resumptions:

Trade Resumption - INFINITY ALLIANCE VENTURES INC - TCF (formerly Infinity Alliance Ventures Inc. - IAV.P)
Trading Halt - Carlaw Capital 111 Corp. - CW.P - Pending News
Trading Halt/ Trade Resumption - BMTC Group Inc. - GBT.A

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