Winnipeg Free Press

Winnipeg Free Press (Newspaper) - June 12, 2012, Winnipeg, Manitoba C M Y K PAGE B6 B 6 TUESDAY, JUNE 12, 2012 BUSINESS winnipegfreepress. com The finalists are in! Meet the promising young Canadian entrepreneurs and take your pick for the best innovation project. Visit: bdc. ca/ yea FOR INNOVATION BDC GRAND PRIZE 2012 BDC YOUNG ENTREPRENEUR AWARD presented by Power Corporation of Canada and Power Financial Corporation are pleased to announce the appointment of Gregory D. Tretiak as Executive Vice- President and Chief Financial Officer. Mr. Tretiak joined Investors Group in 1988 and subsequently held the position of Executive Vice- President and Chief Financial Officer of Investors Group Inc. and of IGM Financial Inc. He was recently elected to the Boards of Directors of Power Financial's subsidiary companies Great- West Lifeco Inc. and IGM Financial Inc. and a number of their subsidiaries. Mr. Tretiak holds a Bachelor of Arts degree in Economics and Political Science from the University of Winnipeg and is a Chartered Accountant, a Fellow of the Institute of Chartered Accountants of Manitoba and a Certified Financial Planner. He participates in a number of industry and business associations and has been actively involved in a number of communitybased organizations. Power Corporation of Canada ( TSX: POW) is a diversified international management and holding company whose largest holding, Power Financial Corporation ( TSX: PWF), has interests in companies in the financial services industry in North America and Europe. Between them, Power Corporation and Power Financial also hold diversified interests in Canada, Europe and China. Gregory D. Tretiak APPOINTMENT W O R L D I N D E X E S Brussels 22,779.20 - 25.00 - 0.11 - 6.55 Germany 6,141.05 + 10.23 + 0.17 - 11.18 Hong Kong 18,953.63 + 451.29 + 2.44 - 17.72 London ( 100) 5,432.37 - 2.71 - 0.05 - 7.92 Mexico 37,035.75 - 288.16 - 0.77 - 3.93 Milan 13,070.75 - 374.71 - 2.79 - 35.21 Paris 3,042.76 - 8.93 - 0.29 - 20.03 Tokyo 8,624.90 + 165.64 + 1.96 - 15.68 Zurich 5,871.35 + 2.03 + 0.03 - 8.77 Close Chng % Chng % YTD S& P/ TSX 60 648.45 - 5.22 S& P/ TSX- VEN 1276.71 - 16.22 S& P 500 1,308.93 - 16.73 Energy 230.76 - 3.88 Materials 311.27 - 4.04 Industrials 107.98 - 0.49 Consumer Disc. 90.27 - 0.60 Health Care 65.21 - 1.47 Consumer Stpl 218.05 + 0.27 Financials 168.56 - 0.73 IT 23.13 - 0.35 Telecom Serv 102.00 - 0.03 Utilities 224.04 - 1.76 Mining 83.01 - 1.54 Gold 317.08 - 4.09 Real Estate 221.20 - 2.22 O T H E R I N D E X E S CANOLA July ' 12 616.10 621.00 607.00 608.30 615.00 Nov 574.00 581.60 571.00 574.20 575.40 Jan ' 13 578.80 585.60 578.10 579.00 580.40 March 585.70 589.90 584.10 583.20 584.90 May 590.40 591.00 585.00 584.30 587.20 July 590.20 591.50 587.80 586.50 588.40 Nov 542.20 542.20 542.20 546.20 547.50 Jan ' 14 0.00 0.00 0.00 546.20 547.50 March 0.00 0.00 0.00 546.20 547.50 May 0.00 0.00 0.00 546.20 547.50 July 0.00 0.00 0.00 546.20 547.50 BARLEY ( WESTERN): July 0.00 0.00 0.00 237.00 237.00 Oct 0.00 0.00 0.00 210.00 210.00 Dec 0.00 0.00 0.00 212.00 212.00 March ' 13 0.00 0.00 0.00 215.00 215.00 May 0.00 0.00 0.00 217.00 217.00 July 0.00 0.00 0.00 217.00 217.00 Oct 0.00 0.00 0.00 217.00 217.00 Dec 0.00 0.00 0.00 217.00 217.00 March ' 14 0.00 0.00 0.00 217.00 217.00 May 0.00 0.00 0.00 217.00 217.00 July 0.00 0.00 0.00 217.00 217.00 FUTURES TRADING WINNIPEG ( CP) - Grain quotes yesterday. Open High Low Close Yest. Open High Low Close Yest. N A S D A Q Microsoft 153480 28.92 - 0.73 PowerShares QQQ 142756 61.89 - 0.98 Cisco Systems 93703 16.48 - 0.25 Intel 73805 26.01 - 0.40 Facebook 73069 27.02 - 0.08 NVIDIA 53770 12.28 + 0.16 Oracle 51939 26.82 - 0.34 Micron Tech 51162 5.70 - 0.18 Yahoo 49732 15.30 - 0.35 Qualcomm 45194 57.79 - 0.97 MOST ACTIVE Vol 00s Cls Ch Micronetics 2670 14.55 + 94.3 Helios Matheson 27 2.71 + 27.2 Zaza Energy 5885 3.96 + 21.8 IntegraMed Amer 3562 13.68 + 20.6 Mannatech 60 6.04 + 20.1 DayStar Tchnlgy 23 1.16 + 16.0 Identive 504 1.14 + 14.3 Streamline Hlth 1291 3.39 + 14.1 Reliv' Intl 35 1.54 + 14.1 Monarch Cmnty 32 1.17 + 13.6 TOP % GAINERS Vol 00s Cls Ch ModusLink 4166 2.78 - 34.7 NewLead Hldngs 449 1.03 - 30.4 Cascade Bancorp 233 4.49 - 22.5 Jcksnvll BncpFL 17 1.75 - 22.2 Dial Global 53 2.56 - 15.2 Green Bnkshrs 82 1.55 - 13.4 MicroFincl 231 6.78 - 13.3 Colony Bankcp 18 5.70 - 13.0 NF Energy Svg 69 1.00 - 12.3 Ubiquiti Ntwrks 4391 11.83 - 12.2 TOP % LOSERS Vol 00s Cls Ch N Y S E Bank of America 200788 7.28 - 0.28 Sprint Nextel 96794 2.83 - 0.15 Genrl Electric 92040 19.11 - 0.09 Citigroup 88373 26.48 - 1.29 JPMorgan Chase 75052 32.82 - 0.86 Petroleo Brasil 67466 18.64 - 0.87 Duke Energy 66690 22.98 - 0.17 AT& T 62497 34.59 + 0.04 Morgan Stanley 54723 13.37 - 0.34 Nokia 54605 2.77 - 0.25 MOST ACTIVE Vol 00s Cls Ch Harbinger Group 731 5.74 + 11.7 NeoPhotonics 354 4.75 + 11.2 Natuzzi Sp. A 86 3.05 + 9.3 Gafisa 10690 2.60 + 8.3 IRSA Inversn 624 7.60 + 7.0 FirstAcceptance 6 1.33 + 6.4 Camelot Info 117 2.25 + 6.1 Sequans Communs 104 2.29 + 5.5 Great Nthn Iron 37 68.80 + 5.5 Cmnty Hlth Sys 7197 23.32 + 5.1 TOP % GAINERS Vol 00s Cls Ch EnergySolutions 33468 1.62 - 54.9 Centene 26389 27.58 - 22.2 AK Steel Hldg 27989 4.99 - 14.0 Patriot Coal 8863 1.45 - 13.2 BPZ Resources 3973 2.50 - 12.0 Endeavour Intl 4560 8.67 - 11.7 Entravision Com 258 1.24 - 10.8 Amern Reprograp 304 5.15 - 10.1 BlueLinx Hldgs 74 2.15 - 10.0 Jaguar Mining 3056 1.28 - 9.9 TOP % LOSERS Vol 00s Cls Ch 9500 10500 11500 12500 13500 DJI / INDEX JUN 11 CLOSE: 12411.23, - 142.97 VOLUME: 121.1 million MAR APR MAY F P M A R K E T S ALL FUNDS HBP S& P500VIX ST Fut Bull Plus Idx ETF - 11.54% HBP S& P 500 VIX ST Futures Index ETF - 5.77% HBP S& P 500 VIX ST Fut Inverse ETF - HVI + 5.33% HBP COMEX Copper Bull Plus ETF - 5.12% HBP COMEX Copper Bear Plus ETF + 5.10% iShares S& P CNX Nifty India Index Fund - 3.37% PowerShares India Class SeriesA - 3.36% Sprott 2011 F- T LP - 3.26% Trans IMS American Equity Index Fund - 2.83% Dynamic Power American Growth ClassA - 2.77% CANADIAN EQUITY Trans IMS Can- Am Fund2 - 1.68% Canadian General Investments Limited - 1.63% Acuity Pooled Pure Canadian Equity Fund - 1.52% Ark StoneCastle Stable Growth ClassA - 1.32% MLI Canadian Large Cap Value ClA - 1.28% National Bank Canadian Opportunities - 1.27% Fidelity Cdn Disciplined Equity Cl A U$ - 1.23% Norrep All Cap Quant Class - 1.23% Dynamic Aurion Canadian Equity Cl SrA - 1.23% Fidelity Cdn Disciplined Equity Cl B U$ - 1.23% INTERNATIONAL EQUITY Mac Cundill International Class Ser A U$ - 2.04% Mac Cundill International Class Ser T6 - 1.64% Mac Cundill International Class Ser T8 - 1.64% Mac Cundill International Class SerA - 1.64% Mac Cundill International Class Ser SI - 1.64% ASTRA International Fundamental Equity - 1.59% MLI International Value Class SeriesA - 1.56% iShares MSCI EAFE Index Fund ( CAD- Hedged- 1.44% Brandes International Equity Fund A U$ - 1.34% Omega Consensus International Equ Fd Adv - 1.33% U. S. EQUITY Trans IMS American Equity Index Fund - 2.83% Dynamic Power American Growth ClassA - 2.77% Dynamic Power American Growth Fund - 2.66% Dynamic Power American Growth ClassT - 2.65% Dynamic Power American Growth FundT - 2.65% Dynamic Power American Currency Neutral - 2.39% Dynamic Power American Growth Class U$ - 2.26% Dynamic Power American Growth Fund U$ - 2.18% MLI U. S. All Cap Equity Class Adv - 2.15% MLI U. S. All Cap Equity Fund Adv - 2.15% GLOBAL EQUITY Mac Cundill Value Fund Series T8 U$ - 2.34% Mac Cundill Value Fund Series C U$ - 2.34% Mac Cundill Value Fund Series T6 U$ - 2.34% MLI Leveraged Company Class Adv - 2.33% Mac Universal Technology Cl Series A U$ - 2.25% Mac Cundill Value GIF IntermediateA - 1.96% Mac Cundill Value GIF Core SeriesA - 1.96% Mac Cundill Value Segregated Fund - 1.95% Mac Cundill Value Class Series T6 - 1.95% Mac Cundill Value Class Series T8 - 1.95% D A I LY M U T U A L M O V E R S 0 6 . 1 1 . 2 0 1 2 $ 0.7 $ 0.8 $ 0.9 $ 1.0 $ 1.1 AUN / TSX- V JUN 11 CLOSE: $ 1.02, unch VOLUME: 8.6 million AURCANA CORP MAR APR MAY T S X V E N T U R E Aurcana 86016 1.02 unch Canaco Res 31871 0.305 - 0.01 Pinecrest En 25062 1.92 - 0.08 Shona Energy 20926 0.33 - 0.02 Sterling Res 18870 0.89 - 0.02 Trelawney Mng 15177 3.28 - 0.01 Arcan Resources 11592 1.80 - 0.19 Intertainment 11115 0.43 + 0.02 WesternZagros 10939 0.91 - 0.06 HRT Participaco 10595 1.45 - 0.12 MOST ACTIVE Vol 00s Cls Ch Lions Gate Mtls 20 0.55 + 57.1 WCB Res 1020 0.70 + 42.9 Zephyr Minerals 20 0.30 + 42.9 Oceanus Res 10 0.29 + 31.8 Texada Software 50 0.395 + 31.7 Brownston Enrg 3807 0.29 + 26.1 REBgold 10 0.30 + 25.0 Gespeg Copper 100 0.30 + 20.0 ASB Capital 200 0.25 + 19.0 Golden Tag Res 15 0.26 + 18.2 TOP % GAINERS Vol 00s Cls Ch Paramax Res 5 0.22 - 35.3 Chantrell Vnts 300 0.35 - 28.6 Callinex Mines 336 0.31 - 24.4 Grizzly Discovr 1146 0.24 - 23.8 Frontier Acq 1560 0.48 - 20.0 Archon Minerals 50 1.30 - 18.8 Unigold 1146 0.285 - 17.4 Kestrel Gold 45 0.25 - 16.7 ComWest A NV 8 1.10 - 15.4 DEQ Systems 100 0.33 - 15.4 TOP % LOSERS Vol 00s Cls Ch $ 0.3 $ 0.4 $ 0.5 $ 0.6 $ 0.7 LGM / TSX- V JUN 11 CLOSE: $ 0.55, + 57.1% VOLUME: 2 thousand LIONS GATE METALS INC MAR APR MAY $ 0.0 $ 0.2 $ 0.4 $ 0.6 $ 0.8 CNX / TSX- V JUN 11 CLOSE: $ 0.31, - 24.4% VOLUME: 33.6 thousand CALLINEX MINES INC MAR APR MAY Winnipeg Commodity Exchange cash prices: Feed wheat: Track Thunder Bay CW: $ 264.00 Canola: Thunder Bay No. 1 Canada: $ 643.30 Vancouver No. 1 Canada: $ 653.30 Close Chg. " These are the kinds of measures that the Europeans themselves are able to undertake and that they must undertake to move their economy forward," he said. Canada and the United States are among the countries that have refused to provide funding to help Europeans get past their financial challenges. " This doesn't solve the problem but it's a step in the right direction," Finance Minister Jim Flaherty told reporters. Meanwhile, euphoria over a lifeline of up to $ 125 billion to rescue Spain's hurting banks morphed into a financial markets rout in a matter of hours Monday, as investors digested the still- undefined plan and became concerned the country may be unable to repay the new loans. The rate on Spanish 10- year bonds - a measure of market trust in a country's ability to repay debt - rose to an alarmingly high yield of 6.47 per cent at the close of trading after falling to six� per cent in the morning. - The Canadian Press S AN FRANCISCO - Apple is kicking an important Google application off its iPhone and buddying up with Facebook rather than Google's social network, as it distances itself from a bitter rival in the phone arena. Google's Maps application has resided on the iPhone since Apple launched the very first version of the phone in 2007. It's one of the core apps on the phone and can't be deleted by the user. But on Monday, Apple executives said Google Maps will be replaced by an Apple- developed app in iOS 6, the new operating system for iPhones, iPads and iPod Touches. It's set to be released late this year. Apple and Google are locked in a fight over the attention of hundreds of millions of phone users, and the advertising opportunities that come with owning a mapping application. Smartphones from companies such as Samsung and Google's own Motorola division are the chief alternatives to the iPhone, and Apple has been suing those manufacturers in court, accusing them of ripping off the iPhone's ground breaking features. Apple also said it's building Facebook into iOS 6, snubbing the Google Plus social network. Users will be able to update their Facebook status by talking to their phones, and " like" movies and apps in Apple's iTunes store, Apple executive Scott Forstall said. The announcements were part of the keynote presentation that kicked off Apple's annual Worldwide Developers Conference in San Francisco. Apple presented new features in both phone and Mac software, plus updated laptops. But investors were mildly disappointed, as they expected more substantive news, such as a hint of Apple's ambition to get into making TVs. Analysts had speculated that Apple would at least update the software on the Apple TV as a prelude to perhaps launching a fully integrated TV set. Apple shares closed down $ 9.15, or 1.6 per cent, at $ 571.17. Among other updates in iOS 6, Apple's voicecommand application Siri will add a host of new languages, including Spanish, Korean and Mandarin Chinese, Forstall said. " She" will also be able to launch applications and movies, and will run on iPads for the first time. Apple also said the new version of its Mac operating system, Mountain Lion, will go on sale next month for $ 20. The update brings features from Apple's phone and tablet software, like the iMessage texting application, to the Mac. - The Associated Press TORONTO - Vancouver and Toronto home prices will probably experience a relatively mild downturn - of about 15 per cent - in two to three years, but not the dramatic drop that hit the United States a few years ago, according to a report by the Toronto- Dominion banking group. TD said Monday the 15 per cent decline in Canada's two most expensive cities is likely in a few years but it will be gradual, rather than the sudden drop of 30 per cent seen in the U. S. real estate market after it peaked in late 2007. The bank's analysis is consistent with other warnings that Vancouver and Toronto real estate is generally overpriced, but supported by low interest rates and a stable economy. That's not likely to change this year unless there's a major economic shock from outside the country, the TD report said. In the meantime, TD says Vancouver's real estate market is stabilizing after soaring last year and Toronto prices appear poised for a robust increase. " Some observers might point to the recent data in Vancouver as evidence that housing activity is going through a long- awaited correction. But the jury remains out," wrote TD economists Derek Burleton and Leslie Preston. - The Canadian Press Forum Continued from B 4 U. S. wealth takes beating WASHINGTON - The average American family lost 38.8 per cent of its wealth from 2007 to 2010, with the biggest losses concentrated among households with the most assets tied to their homes, a Federal Reserve study shows. Median net worth declined to $ 77,300 in 2010, an 18- year low, from $ 126,400 in 2007, the central bank said in its Survey of Consumer Finances. - Bloomberg News Apple CEO declares war on Google But pals up with Facebook Home prices could fall in big cities GARY REYES / MCCLATCHY NEWS SERVICE Apple CEO Tim Cook leaves the stage Monday. B_ 06_ Jun- 12- 12_ FP_ 01. indd B6 6/ 11/ 12 10: 12: 49 PM ;