Financial Update

Sky High Oil Prices may be permanent

· TSX +137.54 Oil prices moving further into record territory could give the TSX another boost this week while investors look to the US Fed to further ease interest rates in an attempt to limit damage from a slowing American economy.

· Dow -42.91
· Dollar -.2c to $ $98.40US
· Oil +2.46to $118.52US per barrel growing demand and tighter supplies are likely to keep
prices high-some say as high as $200 per barrel
· Gold +$.40US to $887.20US

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