Winnipeg Free Press

Winnipeg Free Press (Newspaper) - October 07, 2008, Winnipeg, Manitoba C m y k Page b7 Winnipeg repress. Com business Winnipeg free press tuesday october 7, 2008 b 7 City of Winnipeg building permits major projects for september address building permit description value 720 Henderson Hwy. Construct new Community Centre 3,414,000 253 Edge land blvd. Interior alteration apartments 515,000 71 Bridlewood re. Construct new Park blogs 675,420 707 flight re. Partial permit foundation Industrial 2,952,800 235 Vermillion re. Construct new commercial Multi tenant 1,400,000 1155 Concordia ave. Interior alteration dept store 765,300 707 flight re. Partial permit struck. Frame Industrial 2,214,600 200 Kenny St. Construct addition Church 1,100,000 1612 Ness ave. Construct new supermarket 3,600,000 1695 Sargent ave. Alter exterior Multi tenant office Ware 500,000 99 Keslar re. Partial permit foundation Row housing 507,000 99 Keslar re. Partial permit foundation Row housing 752,000 99 Keslar re. Partial permit foundation Row housing 752,000 99 Keslar re. Partial permit foundation Row housing 752,000 99 Keslar re. Partial permit foundation Row housing 752,000 134 Plaza or. Interior alteration office 1,400,000 380 William ave. Alter exterior Library 500,000 1590 Kenaston blvd. Interior alteration retail store 1,200,000 1737 Corydon ave. Construct new commercial Multi tenant 1,278,000 310 Debaets St. Construct new Multi tenant office Ware 2,700,000 1485 Chevrier blvd. Partial permit foundation factory 4,000,000 870 Pembina Hwy. Interior alteration office Multi tenant 576,211 370 landside St. Partial permit struck. Frame apartments 3,480,000 990 Lorimer blvd. Interior alteration office Multi use 750,000 1731 Kenaston blvd. Construct new strip mall 4,250,000 161 Donald St. Alter exterior apartments 3,269,000 the Market at a glance what the brokers say All funds my callable yield series 1 cad 24.02% Excel emerging Europe fund a 21.65% Excel emerging Europe fund 19.96% split reit Opportunity Trust 16.71% Frontier Alt resource capital cd fund a 14.58% divers Trust Energy income fund 14.58% Ark Aston Hill Energy class a 14.23% Resolute performance fund 13.75% Bissett Energy corp class series a 12.61% my callable yield series 2 cad 12.13% Canadian equity divers Trust income fund 9.22% investors Canadian growth class a 8.49% matrix Multi series can equity series 8.37% age Canadian All Cap equity fund a 8.25% investors Canadian growth fund series a 7.34% investors Canadian growth fund 7.33% Frontier Alt Oasis Canada fund series a 7.10% a Clarington Canadian growth fund ser a 7.02% Norrep q class 6.68% Fidelity can disciplined equity cd a a 6.66% International equity my into equity accelerator a notes s3 9.66% age International Stock class a 8.89% my into equity accelerator a notes s1 8.52% my into equity accelerator a notes s2 8.50% my into equity accelerator a notes s2 8.03% my into equity accelerator a notes s1 8.01% Empire International equity fund c 7.97% Empire International equity fund a 7.97% Empire International equity fund b 7.97% Empire International equity fund e 7.97% u. Equity Brandes u. Equity fund a 5.38% Renaissance u. Equity growth fund a 5.24% rec u. Index currency Neutral fund 5.16% Nat Bank american Index plus a 5.12% Franklin u. Core equity fund a a 5.12% Sei u. Large Cap synthetic fund p cd 5.08% Sei u. Large Cap synthetic fund o cd 5.07% Empire us equity Index fund c 4.94% Bissett us focus corporate class a a 4.94% Empire us equity Index fund b 4.94% global equity my Claymore into fun Dent id s1 a 8.90% my Claymore into fun Dent id s2f a 8.66% my Claymore into fun Dent id s1 a 8.38% my Claymore into fun Dent id s2 a 8.28% goof global dividend growth fund cd t5u$ 8.06% goof global dividend growth fund a 8.03% criterion global clean Energy fund cd h 7.73% my Claymore Glo fun Dent id s1f a 7.66% goof global absolute return class t5 a 7.58% goof global absolute return fund a 7.52% All prices show the % change from the previous Day. Data supplied by fun data Canada inc. Pricing is for information purposes Only and cannot be guaranteed for accuracy. Check with your fund sponsor before buying or Selling. Results in this table exclude offshore funds such As global manager. An. In a growth income fund 19.26 2.48% 96,941 a. In t Arctic Glacier income Trust 1.17 16.43% 178,831 Law v All in West capital corp 0.50 a. In Artis reit 11.90 14.08% 92,046 brim l Bird River mines inc. 0.10 Bui t Buhler industries inc. 5.21 1.88% 617 by. In t the Boyd group income fund 2.50 9.09% 53,414 cos t can West global communications corp. 2.01 3.37% 251,236 Conj t Cangene corp. 3.90 2.50% 39,500 Cwg t Craig wireless systems Ltd. 0.42 1,300 a acc l Copper reef mining corp. 0.16 dam v Dia Medica inc. 0.50 37.50% 15,000 Eil v Empire industries 0.25 13.79% 85,200 Eif. In t Exchange Industrial group income fund 9.75 2.50% 2,000 up. In t up newspapers income fund 8.99 0.11% 5,350 gds t Gendis inc. 1.60 8.57% 2,680 Gss v Gossan resources Ltd. 0.12 46,000 Gwo t great West life co inc. 29.72 3.19% 466,420 him t Sudbay minerals inc. 5.93 2.15% 5,051,065 hot. In t Huntingdon reit 0.80 11.11% 195,041 Ign t Ign financial inc. 36.28 4.53% 374,503 in t Iris 3.47 13.03% 9,200 Jov t Jovian capital corporation 0.38 24.75% 595,475 Keg v King s Bay Gold corp. 0.08 23.08% 118,500 Kne v Kane biotech inc. 0.14 Chr. In t Lakeview hotel reit 2.50 4.21% 19,100 let. In v Lanesborough reak estate inv. 4.18 10.11% 51,819 met t Manitoba telecoms services inc. 40.97 2.85% 454,367 Mojo v mainstream minerals corp. 0.09 mom v Mir Culins inc. 0.10 42.86% 16,500 Mph t medicare inc. 0.03 14.29% 412,391 Nufi. In t new flyer industries 9.28 14.86% 284,379 nog v nordic Oil and Gas Ltd. 0.15 18.92% 208,000 Xvi v Novra technologies inc. 0.05 Nawf. In t North West company inc. 14.00 7.47% 107,009 out v out inc. 0.02 pal. In t Pollard banknote income fund 6.60 5.71% 11,900 Rel t Ridley inc. 7.52 6.00% 2,000 sir v san Gold corp 0.93 5.10% 764,445 to. In v Temple reit 6.65 10.74% 228,895 Wel v Wildcat exploration inc. 0.05 9.09% 48,000 wok t Cinpak Ltd. 5.10 8.27% 1,606 daily Mutual movers open High 52wk High volume Low 52wk lows pts 60 615.68 31.08 up tax Ven 1134.1 166.13 Energy 249.89 25.79 materials 223.54 14.35 industrials 82.61 2.67 consumer disc. 78.52 2.36 health care 31.16 1.69 consumer Stupl 154.96 5.45 financial 168.95 6.52 it 21.89 0.64 telecoms serv 84.78 2.56 utilities 177.87 11.44 mining 66.32 3.93 Gold 221.89 14.37 real estate 153.39 11.70 other indexes sub Industry indexes 10,230.43 572.92 5.60% 1,134.10 166.13 14.65% Fairfax finl so 915 342.00 18.00 horizons Greear 117 43.43 5.87 Hrzan sep Emma be 171 34.90 5.77 6689 28.68 4.22 shares come 231 92.85 3.95 cent Gold Trust 196 40.72 3.54 670 28.67 2.69 3136 22.94 2.68 a runs by Nas by 2678 34.56 2.32 a runs bps p by 4923 29.14 1.88 e l financial 14 491.00 32.00 Oil Sands spot 26 134.40 14.73 up holds 13 138.99 8.43 Potash corp 35837 95.25 6.96 Canada bread 23 44.26 5.74 can natural res 65376 58.36 5.56 Algoma Central 5 95.00 5.00 Sun Cor Energy 101420 31.50 4.94 Apo properties 31 41.15 4.86 arc resources 18 45.00 4.50 company volume close Chang company volume close Chang Toronto up tax comp. Top 10 net winners top 10 net losers tax venture 10,444.96 10,803.35 15,154.77 398,402,257 9,617.93 9,617.93 open High 52wk High volume Low 52wk Low open High 52wk High volume Low 52wk Low 9,955.50 369.88 3.72% a p 500 1,056.89 42.34 4.01% Mastercard 13818 167.41 7.21 Everest reins 1682 81.00 4.95 Gam co investors 258 52.55 4.22 Apt inv & mgt 7152 35.00 4.04 con Way 9922 38.16 3.77 Hartford finl 24187 30.90 3.50 5919 81.59 3.38 Freeport Mcmurn of 202 67.52 2.52 Aff Ltd Magrs 769 77.32 2.46 me life 33326 44.32 2.19 Berkshire a 21 130800 7700 Berkshire b 482 4390 260.00 Mylan of a 7 630.00 85.00 Markel 132 326.00 35.00 fortunes ads pea 9 325.00 31.00 Alleghany 63 325.25 25.75 White a nuns ins 134 391.00 24.10 Rio Tinto 3560 202.04 22.96 Bank Amer of l 19 826.00 20.00 nor 372 560.01 14.54 company volume close Chang company volume close Chang top 10 net winners top 10 net losers 1,862.96 84.43 4.53% Nash a Canada 601.74 25.32 4.21% me group 6845 398.01 35.71 Arden group 13 155.37 6.82 sub finl group 2014 60.27 3.79 maidu. Com 19353 225.89 3.52 wave com 523 8.72 3.11 Omega flex 52 22.00 3.03 Art Rocare 1589 30.40 2.91 panera bread 5048 49.13 2.55 1st source 237 23.05 2.43 Sierra ban corp 65 21.92 2.30 Natl Watn life 25 235.31 39.69 intuitive Surgil 9744 196.78 28.92 28 100.50 21.34 Mitsui & co 43 199.48 20.66 Google 52211 369.37 17.54 Prim Energy 21 60.25 14.32 at Ion 41 91.05 13.21 instar group 171 86.83 10.39 Santos 86 47.21 9.61 Hiland a tors up 89 27.00 9.49 company volume close Chang company volume close Chang top 10 net winners top 10 net losers Brussels 22,265.50 934.96 4.03 34.37 Germany 5,387.01 410.02 7.07 33.22 Hong Kong 16,803.76 878.64 4.97 39.58 London 100 4,589.20 391.10 7.85 28.93 Mexico 21,749.13 1240.37 5.40 26.37 Milan 24,053.00 2217.00 8.44 38.14 Paris 3,711.98 368.77 9.04 33.88 Tokyo 10,473.09 465.05 4.25 31.58 Zurich 6,458.72 421.10 6.12 23.88 close Chang % Chang % Ltd close Chang % Chang % Ltd close Chang % Chang % Ltd world new York Dow Jones Nash a Nash a composite 1,898.63 1,905.01 2,861.51 a a 1,777.02 1,777.02 10,322.52 10,322.76 14,198.10 391,456,801 9,525.32 9,525.32 by merc Gold $ 862.70 $ 828.90 by Hsc Bank us $ 865.00 $ 832.00 by merc Silver $ 11.230 $ 11.270 Metal Price Troy of pcs Day Gold Dubai $ per bbl Fob a a a a North sea Brent $ per bbl Fob 85.11 89.34 West Texas interred $ per bbl Fob 88.12 93.88 Price yesterday pcs Day Oil Canadian Dollar �. U. S � u. The Canadian Dollar closed at 90.9753 us Down 1.4889 of a cent on monday. The u. Dollar stood at a 1.0992, up 0.0177 of a cent. Pound Sterling closed at 0.0002 of a cent higher at a 1.9198. The euro was Worth a 1.4856, Down 0.0073 of a cent. Quotations provided by boo Nesbitt Burns capital markets. 90.98 1.49 Argentina peso 0.2851 Australia Dollar 0.7810 Bahamas Dollar 1.1071 Bahrain Dinar 2.9361 Barbados Dollar 0.5563 Bermuda Dollar 1.1069 Brazil real 0.5055 Bulgaria lev 0.7633 Chile peso 0.0019 China Renmin i 0.1618 Colombia peso 0.00049 Costa Rica Colon 0.0020 czech Koruna 0.0602 Denmark Krone 0.2001 dominican peso 0.0315 e. Caribbean Dollar 0.4242 Egypt Pound 0.2026 euro 1.4927 Fiji Dollar 0.6601 Guyana Dollar 0.0055 Haiti Gourde 0.0283 Hong Kong Dollar 0.1426 Hungary forint 0.0060 India Rupee 0.0232 Indonesia rupiah 0.00012 Israel new shekel 0.3163 Jamaica Dollar 0.0152 Japan yen 0.0110 Kenya shilling 0.0152 s. Korea won 0.0009 Kuwait Dinar 4.1341 Lebanon Pound 0.00074 Malaysia ringgit 0.3174 Mexico peso 0.0933 Morocco dirham 0.1334 new zealand Dollar 0.6875 Norway Krone 0.1771 Pakistan Rupee 0.0142 Peru sol 0.3615 philippine peso 0.0234 Poland zloty 0.4315 Romania leu 0.3761 Russia rouble 0.0421 saudi Arabia Riyal 0.2944 Singapore Dollar 0.7538 Slovakia Koruna 0.0491 South Africa Rand 0.1244 sri Lanka Rupee 0.0103 Sweden Krona 0.1531 Switzerland franc 0.9646 Taiwan Dollar 0.0342 Tanzania shilling 0.00094 Thailand baht 0.0322 Turkey lira 0.8015 trin Tob Dollar 0.1780 Tunisia Dinar 0.8511 Ukraine hryvnia 0.2079 u. A. E. Dirham 0.3014 u. K. Pound 1.9236 u. Dollar 1.1070 currency in $ can currency in $ can currency in $ can currencies / commodities Ace Avian b 6.33 0.55 Addax Pete 23.74 0.61 Advage Energy 7.25 1.25 econ group 9.82 1.18 age mgt no 15.40 1.25 Alnico Eagle 48.00 3.31 atrium 43.00 0.72 Alamos Gold 5.35 0.33 Algonquin per 4.62 0.69 aliment b so 14.00 0.38 Allagas income 19.50 1.77 Anvil mining 3.80 0.18 arc Energy to 18.05 1.70 Astral a no 30.45 2.03 Atco i no 37.10 0.24 Bank of Mil 40.21 2.29 Bank of is 45.00 2.16 Bankers Pete 1.63 0.69 Barrick Gold 32.80 2.15 Bay Tex Energy 20.80 2.37 Bce 33.76 1.14 Bell valiant 22.97 2.10 Bufi Canada 16.04 1.67 Bio Vail 9.68 0.53 6.71 1.06 Boardwalk reit 31.70 2.80 bomb or b so 5.02 0.18 Bonavista engy 21.98 2.26 Brkl asst la 25.27 0.89 14.51 1.14 cae 7.41 0.13 Ca Frac Well 16.01 1.79 Calloway reit 15.60 1.90 came co 19.75 2.49 Canfor 7.10 1.01 cardio Epharm 7.71 0.41 cascades 5.26 0.74 Cal kinds b no 29.02 0.13 can Apt reit 14.40 0.99 can Hydro Dev 3.98 0.14 can Natl rail 47.60 0.95 can Natl res 58.36 5.56 can Oil Sands 32.00 1.00 can Pac rail 48.51 0.93 can reit 25.28 1.34 can tire a no 47.89 0.05 can util a no 36.25 2.80 can a str Bank 17.31 1.69 Celestina so 5.55 0.57 Chi group so 9.87 0.21 Chartwell reit 6.52 0.44 i financial 16.20 0.44 Cibic 56.75 1.75 Cine Lex Gly 13.00 0.82 cml health or 12.75 0.95 Coge Cobl so 35.55 2.46 Cominar reit 18.70 1.47 Compton Pete 3.92 0.56 Connacher of g 2.10 0.28 consumes water 9.04 0.69 Corus ent no 17.02 0.30 Coutu Jean so 6.97 0.36 Crescent it 25.81 3.05 Crew Energy 7.21 1.13 Davis Hendron 13.60 1.43 Daylight res 8.00 1.10 Denison mines 2.28 0.38 Dorel b so 29.06 2.70 Dundee reit 27.10 1.90 Dundee corp so 8.50 0.24 Dundee wealth 8.90 Eastern Platom 0.50 0.17 Eldorado Gold 5.58 0.29 Emera 21.00 0.86 Empire no 42.10 4.30 Elbridge 38.27 1.15 enc Ana 56.20 2.85 ene flex sys 10.33 1.01 Energy sags 12.44 0.37 ene plus res 32.51 3.65 Ensign Energy 14.51 0.79 Epcot per up 18.00 2.22 Equinox Marls 1.96 0.26 european Gold 2.28 0.32 ext Der reit 5.58 0.97 Fairborne in 7.21 0.83 Fairfax in so 342.00 18.00 finning into 18.99 0.76 first Calgary 3.06 0.27 first quantum 32.84 1.76 Flat eng Sec 9.48 0.42 fax mining 8.07 0.69 fording can 84.01 2.08 Fortis 22.80 1.41 Forzani group 9.44 0.33 Freehold Ralty 13.71 2.20 first service so 13.86 1.14 it Chicago up 9.20 0.30 Galleon org a 7.23 1.07 Gammon Gold 6.69 0.23 Gerdau Ameris 8.48 0.30 Gildan a Tver 23.69 0.24 Gap capital 7.25 1.59 Gold corp 26.98 1.88 Golden Star 1.31 0.17 great can gig 5.34 0.72 grape aeroplane 10.99 1.28 get West life 29.72 0.98 a r reit in 12.15 1.85 Harry Winston 11.98 1.53 Harvest Energy 12.50 2.64 Highpine of g 7.18 0.51 Home capital 27.60 2.41 Sudbay Marls 5.93 0.13 husky Energy 35.61 3.67 Iam Gold 4.85 0.40 Ign financial 36.28 1.72 Imperial Oil 37.43 4.08 incl Alliance 32.72 0.65 ing Canada 35.50 3.25 Inlet eng my 41.05 0.07 invest reit 7.70 0.40 inter Pipen 8.57 0.51 inter Oil 25.51 2.22 iterate Energy 3.00 0.53 Ivanhoe mines 4.68 0.59 Jaguar mining 4.90 0.50 jazz air inc 4.60 0.37 Keyera Facil 19.00 0.90 King Sway finl 6.00 1.00 Kinross Gold 14.72 0.72 Labrador Iron 34.38 2.34 Laurentian by 40.78 1.12 Lina mar 10.50 0.07 Loblaw cos 28.52 1.23 Lundin mining 2.67 0.05 Macdonald det 20.45 0.35 Magna into so 45.88 0.44 major drilling 21.85 4.15 Manitoba Tele 40.97 1.20 Man life finl 34.71 1.76 Malele affus 7.79 0.40 Martinr Haintl 5.33 0.15 ads 12.10 0.41 Mercator urls 2.76 0.41 methane 19.03 0.03 metro so 30.00 1.10 Mullen group 14.34 1.19 Nal Oil & Gas 10.46 1.49 National Bank 45.74 2.72 new Gold 3.50 0.70 Newalla income 11.75 1.72 Nexsen 18.18 2.92 Niko res 54.50 3.98 Forbord 3.89 0.11 Nortel a turks 2.02 0.17 North West co 14.00 1.13 Northbridge 28.30 1.75 Northgate min 1.05 0.17 Northland per 10.89 1.03 Nova chemical 19.09 1.48 Nova Gold res 5.20 0.73 Euvista Energy 10.41 0.87 Oil Exco 5.18 2.67 Onex so 25.20 1.64 open text 32.25 2.35 opt Canada 8.20 0.80 pan am Silver 18.79 1.05 Paramount res 9.95 0.77 Paramount eng 6.10 0.65 Pason systems 11.50 0.80 Pembina Pplk 14.67 1.11 Peng when 12.02 2.38 Penn stingy 19.84 2.97 Petro Canada 30.20 2.05 Petrovan Kerng 29.75 3.65 pesto Energy 12.90 1.58 Potash corp 95.25 6.96 Power corp so 29.00 0.90 Power finl 31.15 1.04 precise Drill 14.00 0.51 primaries reit 14.20 1.45 prox Energy 12.27 1.09 9.42 1.98 provident eng 7.42 1.43 quadra mining 10.31 0.20 Quebe Cor b so 23.47 0.68 red Back eng 4.92 0.89 Reitmann a no 15.03 0.06 Resich motion 66.00 0.03 Rio can reit 17.75 1.50 Roger com b nv34.96 0.26 Rona 11.07 0.81 Royal Bank 47.90 1.33 Russel metals 20.48 2.07 Saputo 24.39 0.08 Savanna Energy 11.05 2.40 Sears Canada 16.64 1.14 Shaw com b nv19.95 0.73 Shaw or a so 16.73 1.96 Sherritt into 4.34 0.63 shoppers drug 49.50 1.22 Silver std 13.60 1.50 Silver wheat 7.20 0.56 2.51 0.13 sino Forest 10.45 2.14 inc Laval in 32.29 1.76 Staniec 21.95 2.99 Sun life finl 34.13 1.89 Sun Cor Energy 31.50 4.94 Superior plus 10.02 1.30 Talisman Energy 11.99 1.21 tanzanian try 2.15 0.24 to Bank 58.00 1.43 Teck com b so 22.38 0.70 telus 38.78 0.73 ternet income 10.62 0.33 Thompso Creek 8.00 0.15 thomsonreuter29.25 0.11 Tim Horton 28.64 1.26 Timber West 9.44 1.57 Tim Minco 13.25 0.74 tax group 29.37 1.93 Tor Mont kinds 23.00 1.10 to Star no 11.43 0.36 tra Salta 25.23 2.27 transit at b 12.50 0.27 Tran Canada 36.20 1.47 Tran Force 5.49 0.35 11.90 1.10 Trinidad Drill 7.35 1.13 tristan of g 10.74 2.17 trn Scantl a so 12.00 1.05 sex 1.03 0.45 uranium one 1.52 0.36 uts Energy 0.93 0.22 vermin Energy 29.00 3.87 Vizerra 8.34 0.76 West Fraser 32.85 1.89 West Jet Airl 10.06 0.91 Weston George 55.04 0.96 West Shore 11.94 1.01 Yamana Gold 7.02 0.48 yellow pages 8.95 0.22 up to xes composite stocks distributed by Thompson financial and up data group. Tabulation of companies listed on the Toronto Stock Exchange selected to calculate the a p tax composite Index. Companies Are reviewed regularly and Are subject to change at any time. Stock close Chang Stock close Chang Stock close Chang Stock close Chang Stock close Chang Stock close Chang Stock close Chang Winnipeg free press / Wellington West capital Manitoba stocks these companies All have Headquarters in Manitoba. Closing values Are As of the end of trading yesterday. Legend in = income Trust to tax a tax venture Exchange Lover the counter ticker issuer close % Chang volume canola nov 424.90 424.90 394.70 395.70 430.00 Jan 434.20 434.20 403.80 405.00 439.70 mar 444.30 444.30 414.10 414.60 449.60 May 454.60 454.60 425.90 423.90 459.10 jul 464.60 464.60 432.90 432.90 467.90 nov 482.50 482.50 443.90 443.70 482.00 Jan 449.70 488.00 mar 449.70 488.00 May 449.70 488.00 july 452.70 491.00 nov 452.70 491.00 wheat oct 285.00 285.00 Barley Western oct 170.00 181.30 dec 185.00 185.00 174.00 175.00 185.30 mar 195.00 195.00 183.00 185.00 195.20 May 190.50 200.70 jul 190.50 200.70 oct 190.50 200.70 dec 190.50 200.70 mar 190.50 200.70 May 190.50 200.70 july 190.50 200.70 oct 190.50 200.70 Winnipeg commodity Exchange Cash prices feed wheat track Thunder Bay cd feed $ 245.00. Flax track Thunder Bay 1cw $ 470.00 2cw $ 468.00. Canola track Thunder Bay no. 1 Canada $ 375.70 in store Vancouver no. 1 Canada $ 395.70. Futures trading Winnipeg Winnipeg up Grain quotes yesterday. Open High Low close yest. T Oronto in whats being called a win win Deal the Bank of Nova Scotia tax bus is paying $ 2.3 billion in Cash for Sun life financial inc. S tax self 37 per cent interest in the i financial income fund tax Cix. In. The Sale of the i financial stake which Cost Sun life about $ 1.3 billion to buy comes As the insurance company scours the world especially the United states for Cut Price acquisition opportunities amid the global credit crunch. Scotia Bank meanwhile boosts its presence in the wealth management Industry after scooping up 20 per cent of Dundee wealth inc. Tax do a year ago. Unlocking Cius value provides Sun life with enhanced firepower to aggressively pursue our growth objectives the insurers chief executive Donald Stewart said monday in a conference Call. Recent Market events have been nothing Short of seismic As the fallout from the credit crunch continues to take its toll said Stewart. Its in times like these that the Strong Prosper Sun lifers strength positions us Well to take advantage of the unprecedented opportunities created by the current disruption. Scoti Abanks $ 22 per unit Price for the Block is 32 per cent above fridays closing tax Price for i. But it represents Only a modest Premium Over the 20 Day average Price of $ 19.25, Chris Hodgson head of Domestic personal banking at Scotia Bank told a separate conference Call. Sun lifers Stewart did not say where he is looking to make acquisitions or whether Sun life is set to scoop up any bargain priced u. Insurance assets severely damaged by the credit crisis. We will continue to assess opportunities that would deliver value and be a Good strategic fit and offer the greatest potential for growth Stewart said. Scotia Bank ceo Rick Waugh said the Deal to take the stake in Canadas third largest Mutual fund company demonstrates the Banks commitment to the wealth management business. Through this agreement we gain a significant stake in one of Canadas wealth management Market leaders with a Long track record of Superior performance. Waugh added that the investment will be immediately accretive to earnings adding four cents per share in year one and eight cents by year three. Scotia Bank has made several investments and acquisitions recently in its strategy for the wealth management and Mutual fund Industry. Last year it acquired a 20 per cent interest in Dundee wealth and this year purchased e Trade Canada and Freedom express doubling its presence in the direct investment business. I chief executive Bill Holland welcomed Scotia Bank adding that i expects to have an ongoing Strong product and distribution partnership with Sun life the biggest seller of i products. The Canadian press Sun life picks up $ 2.3b Toronto a rally at the end of the Day somewhat reduced earlier gut wrenching losses on the Toronto Stock Market monday with the up tax composite Index closing Down 572.92 Points after earlier plunging almost 1,200 Points. The Toronto Stock markets main Index closed Down 5.3 per cent at 10,230.43, a victim of a global panic Over faltering economies and the Sharp drop of crude Oil prices. The loonie was also hammered closing Down 1.48 cents to 90.98 cents us the lowest close since May 2007. Earlier the Dollar fell As Low As 90.17 cents us. Fred Ketchen equity trading manager at Scotia capital said the tax has lost More than one third of its value from its High Back in june and the volatility seen monday is from a combination of panicked investors Selling stocks and bargain Hunters snatching up deals. If youve got any spare Cash and you re looking for half decent Grade securities. Theress a Sale going on said Ketchen. If you like a Sale Well they dont have a sign outside the Stock Exchange but we know by the Index that thatus whats happening. Crude Oil a major influence on Canadas Stock markets Slid $ 6.07 to us 87.81 a barrel its lowest Point in eight months. Kate Warne a Canadian Market strategist at Edward Jones said commodity prices should take a Large portion of the blame for the record setting plunges seen on the tax lately. With the Toronto Market being so sensitive to commodity prices As Well As sensitive to the slowdown in the u. S., Toronto is getting hit basically twice As hard As everyone else said Warne. The Canadian press rally reduces Toronto losses Sells stake in i financial Calgary enc Ana corp. Tax Eca asked a government panel monday to allow a controversial natural Gas drilling project to go ahead despite opposition from environmentalists. The company wants to Drill 1,275 new shallow Gas Wells during a three year period in the cab Suffield National wildlife area Northwest of Medicine hat in Southern Alberta. A coalition of seven environmental groups says the project will harm the fragile Grassland ecosystem and that in canals environmental record in the area has been poor to Date. In his opening statement at the hearing enc Ana executive vice president Gerry Protti said monday the project will not have any significant environmental effects. Enc Ana would not have proposed this project if it did not believe it could be carried out in a sustainable manner Protti said. As a so called in fill project enc Ana would Drill More Wells in an already developed natural Gas Field essentially increasing the density of Wells in the area. The hearings Are being held by a joint Federal provincial review panel for the next three weeks after which the panel will have 90 Days to hand Down its recommendations. Enc Ana spokesman Alan Boras said the company did a thorough environmental assessment before drilling and that it is undertaking a number of measures to mitigate its Impact on the Prairie environment. Shallow Gas drilling is probably one of the most benign kind of development since it does not take very Long to Drill each Well he said during a break at the hearing. The Canadian press enc Ana applies to Drill new Wells a 07_ oct 07 08. Ind b7 10/ 6/ 08 9 14 39 pm ;