Winnipeg Free Press Newspaper Archives May 29 2015, Page 28

Winnipeg Free Press (Newspaper) - May 29, 2015, Winnipeg, Manitoba C M Y K PAGE B6 S & P / T S X TSX VENTURE D O W J O N E S N A S D A Q C A N A D I A N S T O C K S FPMARKETS BANKS BEATEXPECTATIONS 15,107.00 - 3.47 - 0.02% 692.16 + 1.54 + 0.22% 18,126.12 - 36.87 - 0.20% 5,097.98 - 8.61 - 0.17% B Y B R I A N M C K E N N A T O R O N T O • The Toronto stock market closed marginally lower amid continuing weakness in oil and mining stocks, while traders also appeared to take a negative view of details behind otherwise upbeat earnings reports from Canada’s big banks. The S& P/ TSX composite index was down 3.47 points at 15,107.00 despite earnings reports so far from five of the country’s six largest banks, all of which have beat analyst expectations. The loonie was up 0.16 of a U. S. cent at 80.42 cents. In commodities, July oil put the brakes on three days of losses on the New York Mercantile Exchange, gaining 17 cents to $ 57.68 a barrel. However, the important TSX energy sector was still posted a slight loss. Gold gained $ 2.50 to US$ 1,188.10 an ounce, while July copper slipped a fraction of a penny to US$ 2.77 a pound. Also top of mind was the Greek sovereign debt crisis amid mixed messages about a possible deal between Greece and its creditors. Failure to secure a deal could lead to Athens defaulting on its debts, with effects for the euro and world economy. In New York, the Dow Jones industrial average was down 36.87 points at 18,126.12, while the Nasdaq lost 8.61 points to 5,097.98 after a record high Wednesday. The Canadian Press, FP CAREERS Every Wednesday & Saturday Reach quality candidates by showcasing your organization’s employment opportunities. Place your ad today: 1- 866- 588- 7678 | careers@ nationalpost. com For Career Advice For Job Search / jobs C O M M O D I T I E S C R U D E O I L US$ 57.68 US17¢ N Y M E X G A S US$ 2.71 - US14¢ G O L D US$ 1,188.10 US$ 2.50 S I L V E R US$ 16.68 - US3¢ AG Growth Intl Inc - 0.05 53.53 20,930 All In West! Capital Corp nil 0.01 4,500 Arctic Glacier Income Fund nil 0.06 8,156 Artis Real Estate Invmt Tr 0.05 14.23 179,140 Bird River Resources Inc nil 0.07 0 Boyd Group Inc ( the) - 0.08 54.05 14,372 Buhler Industries Inc - 0.13 4.54 475 Canickel Mining Limited nil 0.13 2,691 Copper Reef Mining Corp nil 0.03 585,000 Craig Wireless Systems Ltd nil 0.05 0 Diamedica Inc 0.02 0.13 19,000 Empire Industries Inc nil 0.13 82,500 Exchange Income Corporation- 0.19 21.91 22,059 FP Newspapers Inc nil 2.20 2,300 Gendis Inc nil 3.65 10,100 Gossan Resources Limited nil 0.03 0 Great West Lifeco Inc 0.02 36.82 256,678 Hudbay Minerals Inc 0.10 11.35 385,619 IGM Financial Inc 0.31 42.25 465,156 Imris Inc nil 0.72 0 Kane Biotech Inc nil 0.04 0 King’s Bay Gold Corp nil 0.01 0 Lakeview Hotel Investment Corpnil 0.33 0 Lanesborough Real Estate Inv nil 0.37 0 Legumex Walker Inc nil 3.50 1,300 Mainstream Minerals Corp nil 0.01 0 Manitoba Telecom Services 0.09 27.71 196,655 Medicure Inc 0.05 2.45 10,522 Miraculins Inc nil 0.10 49,700 New Flyer Industries Inc - 0.09 15.65 46,854 Nordic Oil & Gas Ltd nil 0.01 0 North West Co Inc 0.11 23.89 64,425 Novra Technologies Inc nil 0.06 0 People Corporation 0.08 3.89 10,300 Pollard Banknote Ltd - 0.43 6.85 10,035 Ridley Inc 0.20 40.70 493 San Gold Corp nil 0.01 881,035 Sgx Resources Inc nil 0.01 103,000 Temple Hotels Inc 0.15 2.70 192,605 Victory Nickel Inc 0.01 0.06 19,200 Wildcat Exploration Ltd nil 0.05 14,400 Winpak Ltd - 0.24 39.12 17,936 Issuer Change Close Vol Issuer Change Close Vol ARC Resources 22.47 - 0.34 640 5.3 20.4 33.68 20.75 - 28.9 Agnico Eagle 39.91 + 0.83 816 1.0 n. a. 45.92 25.05 + 23.5 Agrium 130.96 + 0.70 300 3.3 19.1 146.51 92.81 + 34.2 Aimia 14.63 - 0.03 2347 5.2 n. a. 19.83 12.50 - 24.6 Air Canada 13.60 + 0.01 2861 n. a. 28.9 13.89 6.52 + 54.5 Aliment B SV 48.50 + 0.97 632 0.4 23.2 51.83 28.50 + 65.8 Altus Group 19.39 + 0.28 1075 3.1 66.9 24.75 17.26 - 9.5 Amaya Inc 34.10 - 0.10 437 n. a. n. a. 39.25 10.06+ 212.6 BCE 54.67 + 0.19 931 4.8 19.4 60.20 46.43 + 9.9 Bank of Mtl 77.11 - 0.79 2593 4.3 12.4 85.71 72.87 + 0.6 Bank of NS 64.57 + 0.12 1504 4.2 11.3 74.93 60.75 - 6.2 Barrick Gold 14.92 + 0.34 2837 1.7 n. a. 21.14 11.67 - 12.4 Baytex Energy 20.69 + 0.04 988 5.8 n. a. 49.88 14.56 - 54.3 BlackBerry 12.47 - 0.13 1249 n. a. n. a. 15.10 7.96 + 57.4 Bombrdr B SV 2.56 + 0.04 4649 n. a. n. a. 4.43 2.26 - 32.5 BrkfldAsst LV 44.69 + 0.09 658 1.3 10.6 48.64 30.567 + 40.7 CGI Group SV 52.65 - 0.12 712 n. a. 17.7 57.69 36.08 + 42.3 CI Financial 35.00 + 0.14 477 3.8 18.1 36.25 30.56 + 4.0 Cameco 18.51 - 0.19 891 2.2 n. a. 23.26 16.73 - 13.1 CIBC 95.63 + 0.61 1179 4.6 13.2 107.37 88.04 - 3.4 Cdn Natl Rail 73.95 - 1.29 1046 1.7 18.6 88.89 65.33 + 13.2 Cdn Natrl Res 38.24 + 0.30 1802 2.4 13.7 49.57 31.00 - 13.0 Cdn Oil Sands 10.68 - 0.13 2660 1.9 48.5 24.68 6.01 - 53.1 Cdn Pac Rail 208.80 - 8.97 845 0.7 23.1 247.56 180.50 + 15.0 Cdn Tire A NV 131.50 + 0.49 114 1.6 17.5 137.48 100.01 + 27.4 Cdn Util A NV 36.76 + 0.35 274 3.2 15.8 44.27 36.05 - 6.2 Cdn Wstrn Bnk 28.46 - 0.04 327 3.0 10.3 43.30 25.27 - 23.6 Catamaran 74.83 - 0.21 422 n. a. 36.7 76.21 44.17 + 59.2 Cenovus Enrg 20.52 + 0.05 1342 5.2 n. a. 34.79 18.72 - 35.1 Cineplex 48.74 - 0.15 249 3.2 37.5 51.01 38.18 + 21.5 ConcordiaHlth 82.39 - 0.16 189 0.5 89.5 104.74 29.92+ 162.6 ConstlltnSftw 515.95 + 4.90 32 1.0 69.2 516.87 241.46+ 108.0 CrescentPoint 28.08 - 0.11 2499 9.8 27.0 48.68 21.20 - 36.3 DH Corp 41.25 - 0.38 401 3.1 26.6 43.25 29.85 + 25.6 Detour Gold 13.23 + 0.38 1234 n. a. n. a. 15.62 6.02 + 28.4 Dollarama 70.29 - 0.20 206 0.5 31.7 74.48 43.69 + 55.5 Element Finl 18.80 - 0.35 1520 n. a. 75.2 19.255 11.50 + 38.0 Enbridge 60.49 + 0.11 1642 3.1 n. a. 66.14 47.43 + 16.7 EnCana 15.62 - 0.29 2678 2.2 5.8 26.85 13.31 - 37.4 FairfaxFin SV 620.88 + 1.31 14 2.0 10.4 739.00 488.31 + 20.9 Finning Intl 24.95 - 0.26 427 2.9 14.1 34.34 20.52 - 14.8 First Quantum 16.23 - 0.10 1029 0.6 12.5 27.29 9.89 - 29.1 Fortis 38.11 + 0.55 760 3.6 26.1 42.23 31.26 + 17.2 Franco- Nevada 64.43 + 0.32 490 0.2 87.8 74.10 49.28 + 29.6 Gildan Actvwr 39.60 - 0.10 257 0.8 30.6 40.25 28.45 + 33.2 Goldcorp 22.14 + 0.24 1038 3.4 n. a. 32.32 19.18 - 12.0 Grt- West Life 36.82 + 0.02 257 3.5 13.8 37.64 28.78 + 24.1 Hudson’s Bay 25.16 nil 915 0.8 19.2 29.00 15.80 + 44.6 Husky Energy 24.48 + 0.10 440 4.9 31.4 37.28 21.39 - 32.9 IGM Financial 42.25 + 0.31 465 5.3 14.0 52.97 41.44 - 19.7 Imperial Oil 48.77 + 0.05 721 1.1 12.7 57.96 44.08 - 9.9 Intact Finl 88.53 + 0.76 132 2.4 14.9 95.77 70.52 + 22.4 Inter Ppln 31.17 - 0.14 592 4.7 28.1 38.95 27.13 - 0.7 Intertain Grp 19.25 + 0.05 621 0.2 n. a. 19.45 4.90+ 277.5 Keyera 40.30 - 0.27 397 3.4 29.1 49.92 34.495 + 8.6 Legacy O+ G 2.63 - 0.04 10057 n. a. n. a. 10.03 1.17 - 68.5 Linamar 85.06 - 0.44 115 0.5 15.6 86.28 48.13 + 40.3 Loblaw Cos 64.13 - 0.39 214 1.6 n. a. 66.88 45.64 + 38.1 Lundin Mining 5.74 - 0.05 3321 n. a. 17.1 6.57 3.68 - 0.5 MEG Energy 19.55 + 0.16 482 n. a. n. a. 40.75 13.30 - 47.3 METRO 34.88 - 0.19 407 1.3 18.8 37.10 21.333 + 56.4 Magna Intl 71.98 - 0.26 577 1.5 12.4 72.63 46.445 + 30.0 Manulife Finl 23.02 + 0.16 2456 3.0 13.1 23.36 18.91 + 15.1 MartinreaIntl 14.18 + 0.19 689 0.8 14.2 14.70 8.95 + 19.0 Methanex 69.27 + 0.13 256 2.0 16.5 77.82 48.97 + 10.0 National Bank 49.32 - 0.04 1214 4.1 11.0 55.50 44.15 + 7.5 Onex SV 71.39 + 1.35 149 0.4 n. a. 75.94 58.27 + 5.5 Open Text 52.85 - 0.03 265 1.9 20.3 76.71 49.91 + 4.5 Paramount Res 31.32 - 0.08 361 n. a. n. a. 66.37 21.72 - 44.1 Pembina Ppln 40.26 - 0.33 557 4.5 42.4 53.04 36.16 - 8.5 Potash Corp 40.22 + 0.10 1153 4.7 17.2 47.10 35.245 + 2.2 Power Corp SV 32.45 - 0.12 460 3.8 10.8 34.79 27.60 + 10.2 PrairieSky Rt 32.30 - 0.38 362 4.0 n. a. 42.60 23.06 n. a. Precisn Drill 8.28 + 0.02 1755 3.4 n. a. 15.65 5.70 - 39.7 PrgrssWaste 34.66 - 0.35 299 1.8 27.1 38.52 26.55 + 22.9 Raging Riv Ex 8.91 + 0.10 3257 n. a. 18.4 11.25 5.58 - 11.7 Rstrnt Brand 47.75 - 0.44 213 0.5 n. a. 57.11 34.02 n. a. RioCan REIT 28.24 + 0.12 489 5.0 15.4 30.25 25.11 + 2.8 RogerCom B NV 43.14 - 0.06 496 4.5 17.3 47.50 40.72 - 4.0 Royal Bank 80.05 + 0.11 2607 3.8 12.7 83.87 71.74 + 6.5 SNC- Lavalin 44.91 + 0.01 343 2.2 5.1 59.63 36.24 - 13.6 Saputo 34.34 + 0.27 272 1.5 23.6 37.58 28.765 + 18.0 Secure Energy 14.58 + 0.01 588 1.6 n. a. 28.05 12.79 - 25.1 Seven Generat 16.56 - 0.19 628 n. a. 22.7 24.70 14.25 n. a. Shaw Com B NV 27.67 + 0.15 492 4.3 16.6 31.93 26.19 + 2.5 Silver Wheatn 23.58 + 0.24 696 1.1 40.3 29.98 18.92 + 7.2 Sun Life Finl 40.00 - 0.10 831 3.8 13.6 43.44 35.73 + 8.0 Suncor Energy 36.50 + 0.18 1963 3.1 61.9 47.18 30.89 - 12.8 TELUS 42.54 + 0.08 1020 3.9 17.9 45.14 37.13 + 3.2 Teck Res B SV 15.09 + 0.15 2243 2.0 24.0 26.98 12.46 - 38.6 ThomsonReuter 50.10 + 0.25 520 3.3 16.8 53.00 37.24 + 31.3 TD Bank 55.37 - 0.61 4227 3.7 13.3 58.20 49.67 + 2.8 Tourmaline 39.02 + 0.73 1378 n. a. 18.6 59.25 32.80 - 27.2 TransCanada 54.60 + 0.11 1092 3.8 22.5 63.86 49.30 + 7.7 Valeant Pharm 300.48 + 2.49 434 n. a. 80.3 308.10 116.01+ 117.6 Veresen 18.51 + 0.04 2105 5.4 66.1 19.80 13.52 + 9.9 VermilionEnrg 52.69 - 0.32 304 4.9 33.8 78.24 44.05 - 28.0 West Fraser 69.31 + 0.45 393 0.4 24.8 78.55 46.15 + 37.5 Whitecap Res 13.57 - 0.14 761 5.5 7.5 18.70 9.75 - 8.3 Yamana Gold 4.48 nil 1922 1.7 n. a. 9.90 3.93 - 42.1 T H E T S X T O P 1 0 0 Net Vol % 52 wk 52 wk 52 wk Stock Close ch 000s yield P/ E high low % ch Net Vol % 52 wk 52 wk 52 wk Stock Close ch 000s yield P/ E high low % ch C U R R E N C I E S Currency In $ Cdn Argentina peso 0.0895 Australia dollar 0.9514 Chinese yuan 0.2005 Denmark krone 0.1823 Dominican peso 0.0277 Euro 1.3600 Hong Kong dollar0.1604 India rupee 0.0195 Japan yen 0.0101 S. Korea won 0.0011 Mexico peso 0.0811 Pakistan rupee 0.0122 Russia rouble 0.0236 Sri Lanka rupee 0.0093 Sweden krona 0.1467 Switzerland franc1.3181 Taiwan dollar 0.0406 U. A. E. dirham 0.3386 U. K. pound 1.9042 U. S. dollar 1.2436 C A N A D I A N D O L L A R US80.42¢ US0.16¢ Currency In $ Cdn Currency In $ Cdn Currency In $ Cdn M A N I T O B A S T O C K S These companies all have headquarters or major operations in Manitoba. Closing values are as of the end of trading yesterday. Provided by Laurentian Bank Securities FUTURES TRADING CANOLA: July ’ 15 468.40 470.90 466.00 466.60 468.90 Nov. 459.00 461.20 457.00 457.60 460.00 Jan. ’ 16 458.50 459.90 457.40 457.10 459.00 March 0.00 0.20 0.00 456.10 458.00 May 0.00 0.00 0.00 455.10 457.00 July 0.00 0.00 0.00 455.00 456.90 Nov. 0.00 0.00 0.00 449.50 451.40 Jan. ’ 17 0.00 0.00 0.00 450.20 452.10 March 0.00 0.00 0.00 450.20 452.10 May 0.00 0.00 0.00 450.20 452.10 July 0.00 0.00 0.00 451.60 453.50 BARLEY ( WESTERN): July ’ 15 0.00 0.00 0.00 191.00 191.00 Oct 0.00 0.00 0.00 177.00 177.00 Dec 0.00 0.00 0.00 182.00 182.00 Mar ’ 16 0.00 0.00 0.00 182.00 182.00 May 0.00 0.00 0.00 182.00 182.00 July 0.00 0.00 0.00 182.00 182.00 Oct 0.00 0.00 0.00 182.00 182.00 Dec 0.00 0.00 0.00 182.00 182.00 Mar ’ 17 0.00 0.00 0.00 182.00 182.00 May 0.00 0.00 0.00 182.00 182.00 July 0.00 0.00 0.00 182.00 182.00 WINNIPEG ( CP) — Grain quotes yesterday. Open High Low Close Yest. Open High Low Close Yest. Open High Low Close Yest. Open High Low Close Yest. Open High Low Close Yest. T H E M A R K E T S O N 0 5 . 2 8 . 1 5 SAVERS & INVESTORS REACH WE MORE 74% THE FREE PRESS IN PRINT OR ONLINE EACH WEEK READ CALGARY — A recession is unavoidable in Alberta this year, a report by the Conference Board of Canada said. The province’s economy is expected to shrink by 0.7 per cent in 2015, even though oil prices seem to have stabilized at around US$ 60 a barrel, the Ottawa- based think- tank said Thursday. Next year, it’s calling for modest growth of 1.1 per cent. “ Alberta’s economic performance will be underwhelming this year and next, especially compared with recent years,” said Marie- Christine Bernard of the board. “ Oil prices remain well below break- even levels for most new projects in the oilpatch.” The board expects 24,000 job losses in the construction and mining sectors, which will hurt the housing market and retail sales. But the good news is the job market in other non- energy sectors appears to be holding up relatively well and the unemployment rate in the province is expected to average 5.6 per cent this year, lower than the national average. Also on the positive side, the energy industry has been able to boost production thanks to past investments, and oilsands crude has been able to make its way to the lucrative Gulf Coast market. The economic hit this time around is not expected to be as severe as during the 2008 and 2009 downturn, when there was a widespread financial crisis. The forecast did not incorporate potential changes under the new provincial NDP government, such as higher corporate taxes and royalties. Alberta Premier Rachel Notley is still getting her feet wet in going through the province’s struggling economy but suggested the conference board report isn’t much of a surprise. “ We’re getting a number of different projections and we’re looking at all of them right now,” Notley said in Calgary. “ We know that due to circumstances well beyond our control that our economy is a volatile one, and we may be struggling a bit but we’re going to look at all of the re- indicators and will act appropriately.” While oil- producing Alberta, Saskatchewan and Newfoundland and Labrador are being hurt by low prices, British Columbia, Manitoba and Central Canada are expected to post the strongest economic growth during the next two years. — The Canadian Press Alberta can’t fight off recession: think- tank T HEY’VE said it before, but this never gets old. The Conference Board of Canada is once again trumpeting Manitoba as one of the country’s top economic performers over the next two years. In its latest quarterly provincial outlook released Thursday, the Ottawa think- tank predicts Manitoba will rack up the secondstrongest real gross domestic product growth in Canada this year, and will lead the country in 2016, with growth both years of 2.8 per cent. That’s essentially the same thing it said in a report released in February. The only difference is it has tweaked the growth number. In February, it forecast growth of 2.9 per cent this year and three per cent in 2016. Marie- Christine Bernard, associate director of the board’s provincial forecast, said there was no single reason for the slight downgrade in growth projections. “ I think we might have housing ( starts) not quite as strong because the market is easing,” she said. She also noted when the earlier forecast was prepared, the final economic numbers for 2014 weren’t available. Now they are, “ so we’re kind of starting from a little bit different point.” But no matter the reasons, Bernard noted the downgrade isn’t significant. “ It ( 2.8 per cent) is still very strong ( growth).” In the latest forecast, Bernard says “ as a wind of change blows through the country thanks to the slide in oil prices, Manitoba will be one of the country’s strongest economic performers until at least 2016.” She said strong growth in construction, a rebound in agriculture and stable domestic demand are expected to lift labour markets and boost Manitoban’s disposable income. The board expects construction output to grow by 6.1 per cent this year and by 9.5 per cent in 2016 thanks to investments in both residential and non- residential development, several hydro projects in northern Manitoba, and increased spending under the provincial government’s five- year infrastructure program. It also predicts the agriculture sector will rebound from a difficult year in 2014, with growth of five per cent this year, while the transportation and warehousing sector should enjoy growth of 4.7 per cent this year and 3.9 per cent in 2016 . “ Metal mining will also post solid growth, while growth in the manufacturing sector will remain healthy over the medium term,” it adds. “ And with the economy as a whole growing at a healthy pace, employment is expected to grow at an annual pace of 1.6 per cent this year and next.” murray. mcneill@ freepress. mb. ca Manitoba to post strong growth By Murray McNeill COLLEEN DE NEVE / THE CANADIAN PRESS FILES Marie- Christine Bernard of the conference board says Manitobans’ disposable income is up. B_ 06_ May- 29- 15_ FP_ 01. indd B6 5/ 28/ 15 8: 48: 32 PM