The base metals were all strongly positive on Tuesday. Copper rose from the pre-dawn hours straight through the New York day, just edging below its intraday highs to finish at $1.5308/lb., up more than 10½ cents. Nickel peaked as New York opened, but only slipped a little during the day, closing at $5.8665/lb., up more than 23¾ cents.

Zinc had a decent day, ending at its intraday high of $0.581/lb., up better than a penny and a half. Aluminum pushed higher all day, ultimately adding 3¼ cents, to $0.719/lb., while lead shot straight up to its intraday high of $0.5398/lb., up 4 cents.

Copper led the industrial metals higher, soaring to a one-month high past the $1.50 mark as the new year buying momentum gathered some steam as economic stimulus optimism prevailed alongside the annual portfolio rebalancing by index funds.

“Metals could do somewhat better over the course of the week,” wrote Edward

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The Claymore fund has not been assigned a ticker yet, but will trade on the Toronto Stock Exchange. 

 

Claymore Investments, the Canadian asset management arm of U.S. exchange-traded fund provider Claymore Securities, is joining the ranks of the green-minded asset managers by launching a global sustainability ETF.

The ETF launch, scheduled for some time in the next two weeks, coincides with the creation by KLD Indexes and Jantzi Research of the Global Environment 60 Index (GE60), to be published by FTSE and used by Claymore for the new ETF.

The Claymore fund has not been assigned a ticker yet, but will trade on the Toronto Stock Exchange.

While there has been a rash of sustainability and environmentally themed ETFs in the U.S., Claymore believes the new ETF will be the first such portfolio in the Canadian ETF market.

"Canada is a fairly small market and the first-mover advantage is less

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Through the targeting of ETF listings, CNSX is taking most direct aim at the Toronto Stock Exchange.

 

 

The Canadian Trading and Quotation System, or CNQ, has rebranded itself the Canadian National Stock Exchange (CNSX), and plans to become more competitive in attracting Canadian listings, including exchange-traded funds.

The exchange will soon introduce specific rules for the listings of ETFs , moving beyond its current equity and debt listings. CNSX also plans to list other types of funds and structured products. CNSX was primarily a regulatory body that was first approved as a stock exchange in 2004, and has attracted a total of 100 listings since its launch.

Through the targeting of ETF listings, CNSX is taking most direct aim at the Toronto Stock Exchange (TSX), which brands itself as the world's first-ever ETF lister (it had an ETF listed in 1990). TSX now has 64 ETFs listed, including portfolios from among the major  ETF players in the U.S., Barclays Global Investors' iShares

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Dow rallies 300 points ahead of Obamamania, Can the President Elect orchestrate a miraculous market Turnaround? Part one of your “chicken long” ideas and plenty more…

The people of the United States of America prayed for a political messiah. Now that he has stepped forth, we are left to wonder, what next?

Politics is not really our beat here at the Rude Awakening, so we won’t be offering up any four-legged sacrifices for the promise of financial salvation. In the harsh light of economic reality, miracles are hard to come by, even for those claiming to posses the kind of optimistic foresight that defies rational explanation.

A cursory glance toward the economic horizon reveals some perilous obstacles ahead. As we walk through the valley of 5-year market lows, the shadow of the death of consumer spending looms particularly large. American consumers, upon the backs of whom almost two-thirds of the world’s

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The TSX is the largest equities exchange in Canada, controlling 98% of stock trading.

 

The Toronto Stock Exchange (TSX) is again slashing fees and adding electronic trading incentives to spur volume and liquidity of exchange-traded funds and other listed securities.

The changes are aimed at ETF market makers and high-velocity traders, who use electronic trading platforms to buy and sell throughout the day and take advantage of minute-by-minute arbitrage opportunities.

The TSX is the largest equities exchange in Canada, controlling 98% of stock trading, but has said that with the fee reductions it will also attempt to capture more trading from investors and traders located around the globe.

There are 73 ETFs listed in Canada and approximately $16 billion in assets across three managers, according to the third-quarter 2008 industry report from Barclays Global Investors' ETF research implementation strategy team.

Exchanges in the U.S.

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The move will allow Jov Funds to take a page from sister company BetaPro Management, already a player in Canadian ETFs.

 

JovFunds Management plans to launch one of the first actively managed stock exchange-traded funds in Canada, and in doing so, wipe away an open-end equity fund whose performance record has been forgettable.

The company is asking shareholders of its Jov Talisman Fund to approve a switch to the ETF structure, a move that will include the replacement of a portfolio manager that has trailed the fund's index, and the hiring of a new active stock picker.

The move will allow JovFunds to take a page from sister company BetaPro Management, which is already a major presence in the Canadian ETF market.

If approved, the ETF will be the first in what is planned to be a new family of active ETFs from JovFunds, to complement the large index

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Aurizon Mines Ltd. is an emerging gold producer, exploration, and development company. Trading on the American Stock Exchange (AMEX) and the Toronto Stock Exchange (TSX) with a market capitalization of $235.29 million, Aurizon is focusing on becoming an intermediate gold producer. The Company is working to achieve this end by exploring and developing large land positions in favorable geological trends that are close to infrastructure. They also look for land positions, which are in politically stable pro-mining regions.

Headquartered in Vancouver, British Columbia, Aurizon owns the Casa Berardi Mine Project as well as their Joanna Gold Project and their Kipawa Exploration Property. The Company’s combined property holdings cover over 300 square miles in the Abitibi area in the Canadian province of Quebec.

The Casa Berardi mine is their 100 percent owned gold mine project. Gold production at this site began in 2007. The company expects this site to produce approximately 160,000 to

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Westport Innovations engages in the research, development, and marketing of high-performance engines and fuel systems. Headquartered in Vancouver, British Columbia, their engines use gaseous fuels such as compressed natural gas (CNG), liquefied natural gas (LNG), hydrogen, and hydrogen-enriched compressed natural gas (HCNG). The company began in 1995 and is part of the Pollution and Treatment Controls Industry. They trade on the NASDAQ Global Market under the symbol (WPRT) and trade on the Toronto Stock Exchange under the symbol (WPT.TO)

Westport’s engine technologies reduce nitrogen oxides (NOx), particulate matter (PM), and greenhouse gas emissions (GHG). They do all of this while preserving the power, torque, and fuel efficiency of diesel engines. The company’s experience and expertise is in helping commercial fleets and cities transition themselves from oil usage to natural gas usage. Along with their engine development knowledge and their work with gaseous fuels, they also provide fuel tanks and

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Founded in 1990 by Gabe and Rossana Magnotta, Magnotta Winery Corporation is Ontario, Canada’s third largest winery. Headquartered in Vaughan, Ontario, a few minutes north of Toronto, they are the only company of its kind in Canada licensed to produce and sell wine, beer, and distilled beverages. The company trades on the Toronto Stock Exchange and is a Platinum member of Canada’s 50 Best Managed Companies. They are also a recipient of Vaughan’s Business of the Year Award.

Magnotta primarily sells direct to the consumer. They offer high-quality low cost alternatives to wines typically sold through the Ontario Government’s LCBO (Liquor Control Board of Ontario) stores. However, they do sell some of their Ice Wines in select LCBO stores in Ontario. The company sells their products from their own retail locations, which are in the Greater Toronto Area, Southwestern Ontario, and in the grape growing region of the Niagara Peninsula.

In the

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Founded in 1990 by Gabe and Rossana Magnotta, Magnotta Winery Corporation is Ontario, Canada’s third largest winery. Headquartered in Vaughan, Ontario, a few minutes north of Toronto, they are the only company of its kind in Canada licensed to produce and sell wine, beer, and distilled beverages. The company trades on the Toronto Stock Exchange and is a Platinum member of Canada’s 50 Best Managed Companies. They are also a recipient of Vaughan’s Business of the Year Award.

Magnotta primarily sells direct to the consumer. They offer high-quality low cost alternatives to wines typically sold through the Ontario Government’s LCBO (Liquor Control Board of Ontario) stores. However, they do sell some of their Ice Wines in select LCBO stores in Ontario. The company sells their products from their own retail locations, which are in the Greater Toronto Area, Southwestern Ontario, and in the grape growing region of the Niagara Peninsula.

In the

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