Winnipeg Free Press

Wednesday, July 17, 2013

Issue date: Wednesday, July 17, 2013
Pages available: 36
Previous edition: Tuesday, July 16, 2013

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Winnipeg Free Press (Newspaper) - July 17, 2013, Winnipeg, Manitoba C M Y K PAGE B5 CANOLA Nov. ' 13524.80 531.70 523.40 526.10 524.80 Jan. ' 14532.10 537.00 529.90 532.10 530.80 March 540.40 541.40 535.20 537.10 536.10 May 539.10 539.50 534.50 536.10 535.60 July 537.30 537.30 534.00 535.10 534.20 Nov. 511.00 511.00 511.00 510.60 505.90 Jan ' 15 0.00 0.00 0.00 510.60 505.90 March 0.00 0.00 0.00 510.60 505.90 May 0.00 0.00 0.00 510.60 505.90 July 0.00 0.00 0.00 510.60 505.90 BARLEY ( WESTERN) Oct. ' 13 0.00 0.00 0.00 194.00 194.00 Dec. 0.00 0.00 0.00 199.00 199.00 Mar ' 14 0.00 0.00 0.00 199.00 199.00 May 0.00 0.00 0.00 199.00 199.00 July 0.00 0.00 0.00 199.00 199.00 Oct 0.00 0.00 0.00 199.00 199.00 Dec. 0.00 0.00 0.00 199.00 199.00 Mar ' 15 0.00 0.00 0.00 199.00 199.00 May 0.00 0.00 0.00 199.00 199.00 July 0.00 0.00 0.00 199.00 199.00 T H E M A R K E T S O N 0 7 . 1 6 . 1 3 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 FP MARKETS TSX FALLS; LOONIE UP 12,516.89 - 11.46 - 0.09% 910.84 + 14.11 + 1.57% 15,451.85 - 32.41 - 0.21% 3,598.50 - 8.99 - 0.25% B Y D AVID F RIEND TORONTO . Several disappointing U. S. earnings reports pulled North American stock markets lower on Tuesday, while investors sold off materials and energy stocks. The S& P/ TSX composite index lost 11.46 points to 12,516.89, closing out a tightlytraded session ahead of comments from both Canada's central bank and the U. S. Federal Reserve on Wednesday. The Canadian dollar was up 0.45 of a cent to US96.47� before the Bank of Canada issues its first policy decision under new governor Stephen Poloz, scheduled for 10 a. m. ET on Wednesday. On the TSX, materials stocks dropped 2.2%, as Agrium fell $ 2.42 to $ 93.16. The energy sector closed 0.3% lower with the August crude contract on the New York Mercantile Exchange weakening 32� to US$ 106 a barrel. Gold stocks were some of the biggest gainers as August bullion rose $ 6.90 to US$ 1,290.40 an ounce while the TSX gold sector rose 3.1%. On Wall Street, the Dow and S& P moved back after closing at record highs for three consecutive sessions. The Dow shifted back 32.41 points to 15,451.85, the Nasdaq composite index was 8.99 points lower to 3,598.50 while the S& P 500 index slid 6.24 points to 1,676.26. The Canadian Press ebooks HOW TO RUN: From First Steps to Finish Line By Ben Kaplan Always wanted to run but weren't sure where to start? You've come to the right place! Ben Kaplan, running columnist for the National Post, offers the perfect combination of instruction and inspiration to get you in gear. From shoes to stretches to etiquette to preparing for your first race, it's both an introduction to the world's most natural sport and a reminder of why it's so worthwhile. To start reading visit: nationalpost. com/ ebooks C O M M O D I T I E S C R U D E O I L US$ 106.00 - US32� N Y M E X G A S US$ 3.68 Unch. G O L D US$ 1,290.40 US$ 6.90 S I L V E R US$ 19.95 US10� AG Growth International 36.990 - 1.9 26,804 All in West Capital Corp 0.005 0.0 50,000 Arctic Glacier Income Trust 0.220 0.0 118,747 Artis REIT 15.120 - 0.3 180,766 Bird River Resources 0.060 20.0 32,000 Buhler Industries Inc. 6.000 0.0 0 Cangene Corp 2.100 0.0 98,780 CaNickel Mining Limited 0.220 - 10.2 1,212 Copper Reef Mining Corp. 0.025 0.0 23,000 Craig Wireless Systems Ltd. 0.125 0.0 0 DiaMedica Inc. 0.950 2.2 17,185 Empire Industries 0.045 0.0 20,000 Exchange Income Corp 25.990 - 0.5 15,246 FP Newspapers 4.960 - 0.8 12,512 Gendis Inc. 3.030 - 0.7 1,000 Gossan Resources Ltd. 0.040 0.0 0 Great- West Lifeco Inc. 30.280 - 0.5 399,778 Hudbay Minerals Inc. 7.270 5.5 757,110 Huntington Capital Corp 12.490 0.2 3,015 IGM Financial Inc. 46.720 - 0.1 167,165 Imris 2.790 - 1.1 4,800 Jovian Capital Corporation 7.050 0.7 39,212 Kane Biotech Inc. 0.085 - 5.6 231,000 King's Bay Gold Corp 0.005 - 50.0 20,500 Lakeview Hotel Invest. Corp 0.220 0.0 150,000 Lanesborough REIT 0.730 0.0 0 Legumex Walker 4.560 - 2.4 8,600 Mainstream Minerals Corp. 0.015 0.0 0 Mtba . Telecom Services Inc. 34.900 - 0.2 206,619 Medicure Inc. 0.130 8.3 2,606 Miraculins Inc. 0.070 0.0 26,700 New Flyer Industries Inc. 11.060 - 0.6 55,318 Nordic Oil & Gas Ltd. 0.020 0.0 37,500 NorthWest Company Inc. 23.440 0.6 55,877 Novra Technologies Inc. 0.040 0.0 0 OMT Inc. 0.250 212.5 684 Pollard Banknote Ltd. 2.900 - 3.3 14,340 Ridley Inc. 12.000 0.0 1,400 San Gold Corp 0.110 0.0 456,746 Temple Hotels 5.450 0.0 13,753 The Boyd Grp. Income Fund 22.500 - 2.2 6,837 Victory Nickel Inc. 0.030 20.0 259,370 Wildcat Exploration Inc. 0.065 - 7.1 20,000 Winpak Ltd. 18.500 - 2.6 25,097 M A N I T O B A S T O C K S Issuer Close Chng Volume These companies all have headquarters or major operations in Manitoba. Closing values are as of the end of trading yesterday. Provided by National Bank Financial. Issuer Close Chng Volume 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. FUTURES TRADING ARC Resources 27.92 - 0.31 458 4.3 58.2 28.90 22.32 + 20.2 Agnico Eagle 30.14 + 0.65 1192 3.0 19.5 56.99 26.18 - 20.0 Agrium 93.16 - 2.42 392 2.2 9.4 116.38 87.78 + 0.2 Aliment B SV 62.04 - 0.80 403 0.5 19.3 64.01 44.40 + 28.7 AltaGas 37.65 - 0.21 245 4.0 35.2 40.80 29.60 + 29.9 BCE 43.82 - 0.28 1533 5.3 12.8 48.90 40.58 + 2.9 B2Gold 2.75 + 0.15 3386 n. a. 20.4 4.38 1.87 - 14.6 Bank of Mtl 63.13 - 0.04 842 4.7 10.6 64.70 56.72 + 9.9 Bank of NS 57.13 - 0.07 1257 4.2 10.6 61.84 50.51 + 9.6 Barrick Gold 16.62 + 0.93 4343 5.0 n. a. 42.08 14.22 - 53.0 Baytex Energy 43.01 + 0.30 595 6.1 22.9 50.37 36.37 + 2.0 Bombrdr B SV 4.91 - 0.05 4130 2.1 14.8 5.00 2.97 + 26.2 BrkfldAsst LV 38.28 - 0.35 1002 1.6 19.3 40.29 32.27 + 12.5 CAE 11.80 - 0.15 792 1.7 21.9 12.02 9.32 + 17.5 CGI Group SV 30.55 - 0.43 266 n. a. n. a. 33.08 22.33 + 31.8 Cameco 21.77 - 0.46 877 1.8 60.5 23.49 16.50 - 2.6 Cdn Enrg Svcs 16.87 + 0.90 1356 3.9 40.2 17.05 9.42 + 77.6 CIBC 75.96 - 0.07 718 5.1 9.4 84.99 70.45 + 5.9 Cdn Natl Rail 104.36 - 0.81 506 1.6 18.3 107.57 83.45 + 20.4 Cdn Natrl Res 32.93 - 0.08 3851 1.5 21.7 33.97 26.73 + 24.4 Cdn Oil Sands 20.07 - 0.01 1748 7.0 11.6 22.34 18.62 + 4.3 Cdn Pac Rail 131.77 - 0.26 252 1.1 40.7 144.43 74.47 + 74.7 Cdn REIT 42.95 - 0.55 175 3.8 37.7 48.25 39.51 + 3.1 Cdn Tire A NV 83.39 - 0.07 132 1.7 n. a. 87.45 64.63 + 23.7 Canfor 19.40 + 0.43 381 n. a. 24.9 22.15 11.51 + 65.7 Catamaran 51.23 - 0.68 212 n. a. 66.8 59.0042.025 + 8.2 Cenovus Enrg 32.24 - 0.14 1491 3.0 32.9 36.25 28.32 - 3.7 Cont Gold 4.36 + 0.59 1885 n. a. n. a. 10.03 2.71 - 32.3 Coutu Jean SV 19.40 + 0.42 388 1.8 15.3 19.48 13.60 + 25.6 CrescentPoint 37.84 - 0.11 755 7.3 64.6 45.70 34.53 - 1.6 Detour Gold 9.68 + 0.51 916 n. a. n. a. 29.07 7.17 - 56.5 Dollarama 75.65 + 0.17 147 0.7 25.4 76.90 55.99 + 22.6 Eldorado Gold 7.21 + 0.44 2525 1.9 25.8 15.78 5.82 - 33.5 Element Finl 12.60 - 0.19 1431 n. a. n. a. 13.05 5.60+ 116.5 Empire NV 78.76 + 0.06 123 1.3 13.9 82.60 54.87 + 40.0 Enbridge 45.98 + 0.06 826 2.7 59.7 49.17 37.74 + 13.6 EnCana 17.80 - 0.05 2190 4.7 n. a. 23.86 17.40 - 11.1 FairfaxFin SV 423.75 + 2.35 18 2.4 13.1 438.00335.00 + 9.0 Finning Intl 23.29 - 0.81 372 2.6 11.5 27.30 20.91 + 6.2 First Quantum 15.78 + 0.32 1580 1.1 13.2 24.90 14.22 - 7.0 Fortis 32.50 - 0.08 282 3.8 19.2 35.14 30.70 - 1.2 Franco- Nevada 41.15 + 1.87 415 1.8 63.0 60.62 33.05 - 12.7 Gildan Actvwr 44.04 - 0.58 220 0.8 18.7 45.09 27.06 + 55.6 Goldcorp 28.15 + 1.31 2935 2.2 13.9 46.31 23.26 - 18.0 Grt- West Life 30.28 - 0.14 400 4.1 15.3 30.90 20.77 + 37.4 H& R REIT 21.86 + 0.12 2290 6.2 n. a. 26.29 20.33 - 12.3 Husky Energy 29.18 - 0.04 463 4.1 14.7 32.34 24.52 + 12.2 IAMGOLD 4.86 + 0.32 1962 5.3 7.8 16.45 4.00 - 55.9 IGM Financial 46.72 - 0.06 167 4.6 15.9 49.51 36.81 + 19.6 Imperial Oil 43.49 - 0.03 415 1.1 10.4 48.32 38.58 + 2.2 Intact Finl 59.00 - 0.79 265 3.0 13.7 66.82 56.44 - 6.0 Keyera 59.30 - 0.40 122 3.6 38.3 64.16 43.51 + 37.0 Kinross Gold 5.30 + 0.30 4803 3.1 n. a. 10.98 4.74 - 37.3 Labrador Iron 31.90 + 0.48 298 3.1 n. a. 37.04 26.33 n. a. Loblaw Cos 48.60 - 1.53 4806 2.0 19.5 52.06 31.15 + 51.1 MEG Energy 30.70 - 0.98 265 n. a. n. a. 41.90 25.50 - 19.3 METRO 72.06 + 0.01 266 1.4 9.3 74.00 53.17 + 34.1 MacDonald Det 69.26 - 2.68 121 1.9 39.8 75.00 47.37 + 24.8 Magna Intl 75.72 - 1.95 497 1.8 11.6 78.64 37.68 + 84.3 Manitoba Tele 34.90 - 0.08 207 4.9 14.5 36.60 31.21 + 2.6 Manulife Finl 17.93 - 0.09 2638 2.9 35.2 18.33 10.18 + 67.3 Methanex 47.90 - 0.18 233 1.7 n. a. 48.25 26.04 + 66.5 National Bank 76.32 + 0.04 311 4.6 8.8 80.33 71.77 + 2.5 New Gold 7.23 + 0.33 1319 n. a. 15.9 12.50 5.96 - 24.3 Osisko Mining 4.16 + 0.18 3270 n. a. 20.8 10.62 2.98 - 44.8 Pac Rubiales 20.13 + 0.20 592 3.4 15.1 26.12 17.55 - 12.4 Pembina Ppln 32.87 - 0.52 495 4.9 33.5 35.64 25.50 + 22.4 PennWest Pete 11.75 - 0.20 1241 9.2 n. a. 16.15 8.82 - 11.5 Potash Corp 39.94 - 1.36 2760 3.6 15.5 46.70 37.02 - 10.8 Power Corp SV 29.14 - 0.29 394 4.0 16.8 29.65 22.15 + 23.8 Resrch Motion 9.49 - 0.28 1885 n. a. n. a. 18.49 6.10 + 33.9 RioCan REIT 25.65 + 0.16 296 5.5 6.6 29.60 23.67 - 9.5 RogerCom B NV 42.06 + 0.11 817 4.1 12.3 52.75 37.01 + 10.5 Royal Bank 62.58 + 0.32 1996 4.0 11.6 64.92 50.18 + 19.9 SNC- Lavalin 44.18 - 0.28 198 2.1 22.5 49.85 34.36 + 14.5 Saputo 48.28 - 0.09 226 1.7 19.8 54.62 39.76 + 12.2 Shaw Com B NV 25.50 - 0.10 786 4.0 15.1 25.94 18.98 + 28.0 Shoppers Drug 59.69 - 0.43 6114 1.9 20.2 61.71 40.03 + 43.5 Silver Wheatn 22.27 + 0.84 1053 2.2 13.3 41.18 18.59 - 15.6 Sun Life Finl 32.70 - 0.25 1017 4.4 14.2 33.48 19.94 + 49.2 Suncor Energy 32.43 + 0.13 3048 2.5 20.4 34.99 27.50 + 9.1 Surge Energy 5.84 + 0.03 14623 n. a. n. a. 8.85 2.68 - 9.9 TELUS 31.82 + 0.02 1506 4.3 15.2 37.94 29.52 + 2.1 TalismanEnrgy 11.85 - 0.14 1553 2.4 n. a. 14.69 10.62 + 4.8 Teck Res B SV 23.73 + 0.53 1618 3.8 15.8 38.13 21.11 - 22.0 ThomsonReuter 35.49 - 0.13 551 3.8 16.2 36.75 26.65 + 21.2 Tim Hortons 59.01 - 0.26 204 1.8 22.8 59.58 45.11 + 12.3 TD Bank 85.47 + 0.07 1438 3.8 12.0 86.20 77.68 + 7.1 Tourmaline 42.60 - 0.86 629 n. a. n. a. 46.10 26.31 + 62.0 TransCanada 46.99 - 0.30 771 3.9 23.9 51.21 43.16 + 8.4 Trilogy Enrg 29.45 - 1.44 414 1.4 n. a. 33.14 20.59 + 41.2 Trinidad Dril 7.95 - 0.30 951 2.5 18.1 8.40 5.42 + 45.9 TwinButteEnrg 1.77 - 0.17 11059 10.8 n. a. 3.02 1.77 - 25.3 Valeant Pharm 94.93 - 2.76 289 n. a. n. a. 99.49 46.08+ 107.5 West Fraser 86.53 + 0.77 126 0.6 21.4 94.54 50.68 + 69.0 WestJet Airl 20.69 - 0.79 1103 1.9 10.4 25.47 15.67 + 24.9 WestJet RV 20.72 - 0.78 470 1.9 10.5 25.66 14.90 + 26.7 Weston George 84.86 - 2.14 387 2.0 22.5 88.66 57.92 + 43.2 Wi- LAN 3.83 + 0.53 3120 4.2 n. a. 5.79 3.27 - 21.7 Yamana Gold 10.80 + 0.68 2955 2.5 20.8 20.61 8.96 - 29.3 T H E T S X T O P 1 0 0 Net Vol % 52 wk 52 wk52 wk Stock Close ch 000s yield P/ E high low % ch Net Vol % 52 wk 52 wk52 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 0.1775 Australia dollar 0.9584 Bahamas dollar 1.0371 Brazil real 0.4603 Chile peso 0.0021 Chinese yuan 0.1690 Czech koruna 0.0526 Denmark krone 0.1828 Dominican peso 0.0248 Egypt pound 0.1481 Euro 1.3634 Hong Kong dollar0.1337 India rupee 0.0175 Japan yen 0.0105 S. Korea won 0.0009 Kuwait dinar 3.6343 Mexico peso 0.0821 Switz. franc 1.1024 U. K. pound 1.5690 U. S. dollar 1.0371 C A N A D I A N D O L L A R US96.47� US0.45� Currency In $ Cdn Currency In $ Cdn Currency In $ Cdn winnipegfreepress. com WEDNESDAY, JULY 17, 2013 B 5 SAVERS & INVESTORS REACH WE MORE 74% THE FREE PRESS IN PRINT OR ONLINE EACH WEEK READ M A R I N E MO TORSPO RT S IMPORT & DOMESTIC EVERY MAKE OF AUTOS. MOTORCYCLES, ATVs, SNOWMOBILES, AND MARINE Walt M or r is ' WOW! All wheel drive, leather, power everything, Navigation, Ecoboost engine, enormous moon roof, tons of options at a well budgeted price, only 34,000 kms. M MO IM DEALS OF THE DAY!! 2013 FORD EDGE LIMITED 3.5L engine that delivers power & fuel economy, all wheel drive, 7 row seating, tons of standard options all wrapped into a well designed exterior, only 59,000 kms. Local 204- 594- 4444 w innipegsuzuki. com T OLL FREE 1- 8 77- 460- 3585 LOOK FOR THE RED " S" ON OUR SIGN FOR SUPER SAVINGS UNIT 500 - 1717 WAV ERLEY S T . WOW!! 2012 KIA SORENTO LX Prices are plus taxes and fee's and reflect a $ 1000 finance credit, all are OAC. See dealer for details and financing terms. WOW $ 116 BW oon GE $ 180 BW A three- year tentative agreement has been reached between MTS and about 1,200 of its white- collar workers. TEAM- IFPTE Local 161 ( Telecommunication Employees Association of Manitoba- International Federation of Professional & Technical Engineers) officials are recommending their members accept the deal that includes wage increases of 2.0 per cent, 2.0 per cent and 1.75 per cent. The deal also includes upgrades in eye- care benefits and a number of other work- conditions considerations. Details on the ratification vote have yet to be determined. Court won't review ruling NEW YORK - A federal appeals court has refused to reconsider a ruling that lets a startup company offer live television broadcasts over the Internet without paying fees to broadcasters. The 2nd Circuit Court of Appeals refused Tuesday to review the decision made by a court panel that favoured Aereo Inc. But in a blistering dissent, Judge Denny Chin said the 2nd Circuit " eviscerates the Copyright Act" by letting the Barry Diller- backed company stream over- the- air broadcasts to Internet subscribers at low cost. He called Aereo's system a " sham." Broadcasters say they are considering further appeals. M ARK and Mary have two children, Jon and Nola. Seven years separate the two children. Why? The couple had trouble conceiving the second time around. Mark suffered a medical misadventure that left his sperm count exceedingly low. Adoption was an option. Ultimately, they made arrangements to inseminate Mary with sperm from a donor. Everything worked out beautifully. Nola, the daughter from that process, was a gift. She is a lovely and accomplished young woman and both her parents love her very much. There was a wrinkle when it came time to make their wills, however. The normal language lawyers use would see everything go to " my spouse" and then, at the second death, equally to " my children" when both of them have passed away. That language works fine for Mary - she is the biological mother of both Jon and Nola. It does not work for Mark - he is the biological father of Jon but is not the biological father of Nola. He never adopted her either. That means Nola would be excluded from a share of Mark's estate if he was the second member of the couple to die. Mark loves both the children without distinction and has no intention of disinheriting Nola. He needed a special phrase in his will to avoid that result. Words have to be inserted to make it clear both Jon and Nola are to be treated as his children for all purposes under the will. When is a child a child? Legally, a child is a person linked to the parent by blood or by adoption. Stepchildren do not qualify. Special language is required in the will to change that. You might think this does not apply to you. Maybe. What about your grandchildren? Wills normally include a clause dealing with what happens if one of your children predeceases you, and gives the share of the deceased child to any grandchildren you have through that deceased child. That result is often buried from plain view in the use of the following legal phrase that you may find in your will: " among the issue of the deceased child in equal shares per stirpes." Lawyers love Latin. If you have step- grandchildren, you should consciously decide whether you want them included or excluded from possible inheritance. Should they stand shoulder to shoulder and share alongside your biological and adoptive grandchildren? For some grandparents, the answer to that question is " absolutely yes." For others, the answer is " absolutely no." One way or the other, some specific language should be in your will to make your wishes clear on the point. You do not want to leave the family in a position where they have to consult a lawyer after you are gone to clarify the legal definition of " child," " grandchild" or " issue." That will allow a nasty little element of doubt to creep in. Did you really mean to exclude the step grandchild or was it inadvertent? Mark and Mary are real. Facts and names have been changed extensively to protect their confidentiality. John E. S. Poyser is a lawyer with Tradition Law LLP. Contact him at 204- 947- 6802 or jpoyser@ traditionlaw. ca, or visit www. traditionlaw. ca. Consider stepchildren in will- planning JOHN POYSER Tentative deal reached at MTS In Brief B_ 05_ Jul- 17- 13_ FP_ 01. indd B5 7/ 16/ 13 7: 02: 39 PM ;