Financial Update

· TSX fell again -19.68 (Reuters) - The TSX main index closed lower for the 4th day in a
row, as support from agriculture and other resource companies was offset by worries over
inflation and growing talk of rising interest rates in Canada, the U.S. and Europe

· Dow also down -205.99.

· Dollar +.23c to $98.04

· Oil jumped+5.07 to $136.38US per barrel

· Gold recovered $11.80US to $879.70US

Bond Rates: http://www.bankofcanada.ca/en/rates/bonds.html <http://www.bankofcanada.ca/en/rates/bonds.html>

April new-housing prices rise at slowest pace in more than two and a half years

Wed Jun 11, 10:02 AM The Canadian Press

OTTAWA - New housing prices increased at their slowest pace in more than two and a half years in April, despite strong markets in Nova Scotia, Saskatchewan and Newfoundland and Labrador.

Statistics Canada reports that nationally, contractors' selling prices rose 5.2 per cent between April 2007 and April 2008, after a year-over-year increase of 6.1 per cent in March.

It was the third straight month in which the increase has decelerated, and the slowest rate of growth since September 2005. Prices were unchanged between March and April.

Regionally, prices rose at the fastest pace in Saskatoon for the 12th straight month with a year-over-year price increase of 43.7 per cent.

A strengthening economy, coupled with increased material and labour costs, has contributed to record increases in Newfoundland and Labrador, where prices were up 16.3 per cent over April 2007.