Orders

Decision Information

Decision Content

sr\ COf.. 0' ~ ~~ t$ ~': ~ ~:~ ...-_il~~ S .~~:~ 0 ROBERT J, PELLATT / COMMISSION SECRETARY : \ / ~~ /,,>- . •' :-..; " /t$'s ..~ '~~~\ «DATA L-61-96 97ROE Variable» VIA FACSIMILE «name1» «IF title»«title» «ENDIF»«IF company»«company» «ENDIF»«address «IF address2»«address2» «ENDIF»«City» «Postal Code»

Dear «name2»: Re: 1997 Rate of Return on Equity BC Gas Utility Ltd, ("BC Gas"), Centra Gas - Fort St. John ("Centra-FSJ"), Pacific Northern Gas Ltd. ("PNG") and West Kootenay Power Ltd. ("WKP")

The Commission has reviewed the performance of the automatic mechanism to adjust the rate of return on common equity set out on Pages 39/40 of its Decision dated June 10, 1994 and has determined that the mechanism has performed favourably. Therefore, the Commission has chosen to apply the mechanism to determine the rate of return on common equity for 1997.

Accordingly, the Commission has determined that the appropriate rates of return on common equity in 1997 for BC Gas, Centra-FSJ, PNG, and WKP are as follows:

Allowed Rates of Return on Common Equity 1997

BC Gas Centra - FSJ PNG WKP

LETTER NO. L-61-96 u ~ ~-i I' ~ SIXTH FLOOR, 900 HOWE STREET, BOX 250 ;z VANCOUVER, B,C, CANADA V6Z 2N3 TELEPHONE: (604) 660-4700 BC TOLL FREE: 1-800-663-1385 ~ •' •' : '. , cf r ) _ J FACSIMILE: (604) 660-1102 December 2, 1996

1997 Allowed Rate of Return on Common Equity

10.25 10.75 11.00 10.50

2 The calculation and other documentation in support of this finding is attached. Each Utility will be required to submit an application for approval to the Commission to vary its rates in line with the determinations made in this letter.

Although, as indicated above, the Commission has determined that the current automatic adjustment mechanism is performing favourably and should be retained for the purposes of setting the 1997 ROE's, the Commission is requesting comments from other parties with respect to their views on the mechanism. In making this request, the Commission notes that parties now have three years of experience with the mechanism and that other regulatory bodies in Canada have adopted similar mechanisms. Two areas of particular interest are; i) whether the forecast of long Canada bonds must change by at least 50 basis points from the previous year's forecast before a change to the ROE is triggered; and ii) whether the relationship between a change in the forecast of long Canada bonds and a change in the ROE should be on a one-to-one basis, as is currently the case, or on a sliding scale, as is the case in the mechanisms being used by the National Energy Board and the Manitoba Public Utilities Board. The Commission also wishes to receive comments on any other concerns related to the mechanism which parties may have. It would be appreciated if your comments could be received by January 31, 1997.

Yours truly

DWFJIm Attach. cc: Registered IntervenorslInterested Parties Mise Cor/L-61-96 (97 ROE Primary)

Preliminary Calculation of Allowed 1997 Rate of Return on Common Equity 1. 10 Year Canada Bond Yield Forecast Average: (Consensus Economics, i\ uvember 1996 Consensus Forccast)

2. Average of 3 and 12 Month Forecasts 6.50 3. Add Yield Spread Between IO Year (7.0%, December 1,2006) and 30 Year (9.0%, June 1.2025) Canada Bonds: 0.697 4. Equals Projected 1997 Yield on Long Term Canada Bond 7.197 5. Less BCUC Forecast 1996 Yield on Long Term Canada Bond 8.062 6. Initial Adjustment Factor -0.865 7. Allowed 1997 Ratc of Return Common Equity:

Initial Adjustment 1996 ROE Factor BCGas 11.0 -0.865 Centra-FSJ I l.) -0.865 PNG 11. 75 -0.865 WKP 11.25 -0.865

3 month Ahead 12 month Ahead (Feb. 1997) (Nov. 1997) 6.50 6.50

I Initial Rounded 1997 ROE 1997 ROE 10.135 10.25 10.635 10.75 10.885 11.00 10.385 10.50

Fiscal Years Rates on Survey Date Current Account Surplus, Despite Strong Dollar YearAvg Annual Total (Apr-Mar) 3.1% 6. 7"10 Current economic data seem to be indicating that a more Unemploy- Current Federal 3 month 10 Year broad-based recovery is underway - as opposed to one led ment Account GovtBudget Treasury Govemment primarily by the export sector (in particular US demand). Rate (%) (C$bn) Balance Bill Bond The monthly GOP series increased by 0.2% in August (C$bn) Rate(%) Yield(%) which, following the favourable July figure, implies that a Tauxde Balance Deficit Rendement Rendement surlesBons des OblilJat- positive third quarter outcome is likely. However, there are ChOmage Courante Budgetaire du Tresorde ions d'Etat growing concerns over the inability of the economy to (%) (CSmd) (CSmd) ."lmnig% rll! 1nRm~ % generate employment. This may dampen personal ex-End End End End 1996 1997 1996 1997 FY96 FY97 k:,eb'97 Nov'9 Feb'97 Nov'9i penditure as the positive influence of falling interest rates (see below) may be partially offset by job security worries. 9,6 9.4 0,5 5,0 -24.3 -17.0 3.2 3.8 6,3 6,9 The three week General Motors strike is likely to have a 9,5 9.0 0,0 2.4 na -22.0 4,0 6.4 8,0 8,1 significant impact on October (and therefore fourth quarter) 9,6 9,2 -0,5 2.7 na na 2.8 2,8 5,9 5,6 industrial production data. However, output growth is ex-9,5 9,1 0.8 -1,7 -18.9 -9.3 3,9 3.1 7,3 6,3 pected to accelerate next year and the consensus forecast 9,6 8,9 2.8 8.2 na na na na na na for GOP growth in 1997 has been upgraded slightly to 3.1 % 2.5 6,1 6,0 this month. 9.7 9.4 0.1 1,5 -20.1 -12.1 2.4 9.6 9,2 1,5 0.5 -20.0 -10.0 2,8 3.0 6.7 6,8 The current account appears to be improving, with August 9.5 9.3 0,0 6.0 -18.0 -10.0 3,5 4,3 6.2 6,0 trade data showing an increase in exports of 2.7% (due to 9.7 9,3 1,6 10,0 -21,5 -15.0 2.9 3.4 6,1 6.4 higher auto demand and a good harvest) and an indentical 9.6 8,8 4,8 8.5 -19,5 -13.0 2.9 4.4 6,5 7.4 2.7% drop in imports. The current account surplus now V 9.3 1.1 3.9 -19.0 -9.0 2.9 3.4 5.9 5,8 stands at C$4.0bn for the first eight months of this year, a 9,5 9.2 0.1 5.5 -22.3 -13.7 3,0 3.0 6.3 6.6 development which has added support to the currency. 9.5 9.1 -1,6 2,6 -22.0 -15.0 2,8 2.8 6.2 5,9 Declining trends in consumer price inflation and the govern­ment budget deficit have also contributed to the Canadian

9.6 9,2 0,9 4,2 -20.6 -13.3 3.1 3.6 6,5 5.5 dollars recent strength. In response, the Bank of Canada I has continued to loosen monetary policy and, following 9.5 9,1 0,5 2.7 -22.2 -14.5 three consecutive 25 basis point cuts in October, the central 9,0 -3,9 -1,2 bank's overnight funding rate is now 3.50%. Lower interest 9,5 -23.4 -16.3 rates will also reduce the substantial drain of debt servicing 9.7 9.4 4.8 10,0 -18,0 -9.0 4,0 6,4 8.0 8,1 currently faced by the government. In the government's 9,5 8,8 -1,6 -1.7 -24,3 -22.0 2.4 2.5 5,9 5,6 mid-year Economic and Fiscal Statement, finance minister 0,1 0,2 1,6 3.4 1.9 3.9 0,5 1.1 0,6 0.7 Paul Martin announced a federal budget deficit target of 1 % of GOP forthe 1998 fiscal year. The government has made progress in reducing the deficit during the current fiscal year 9.5 9,2 -24,3 -17.0 which, coupled with low inflation, has allowed long term 9.6 9.4 interest rates to fall (see also page 3). A further narrowing 9.3 9.0 of the budget deficit is projected for FY97. Real Growth and Inflation Short and Long Term Intcrcet Rates % % 14 T 14 12 t /\ <Forecast> <Forecast> , \ I 12 10 t' \ + \ 8 \ 6 t J\ M.... ;\ I 10 , 4 + ,. ... \ I\l /::::: _ \ ~ J'''\ I Il - '\ f -\ , , \/ /I " f\\' \ / + ' ' ''_.& 9

-v . 2 o I I \ I I I I I I I 1\ I >/ I I' ( I I I I I 1 I I -2 -4 8081 82 8384 85 86 8788 8Q QO Q1 Q2 Q3 Q4 Q5 Q6 Q7 Q8 QQ 00 01 - Real GOP (% chg yoy) - - - Consumer Prices (% chg yoy)

u v \l,\0 \\ d ~ ~G/ \ \1 ' o 18 --<\-.& 4 2 II I I I I II I II I I II I I I I III I I I I II I I I I II I I II I II II I I1I1 I 0188 0187 0188 0189 0190 Q19! 0192 Q18l O1El1 Q1QS Q1Q1 O1il7 - 3 Mth Treasury Bill Rate - - - 10 Yr Govt Bond Yield 17

0.06 UJl n.a. LDOaK IngOt LUJ!l LUJ!l LUJ) "VI,JU.,,," \ ........ 001 ':r-"I ~~ ....... Butane (Sar.lgaO Gallium Ingot 345.00 345.00 345.00 Germarnum (Kg) l63O.oo 1630.00 1630.00 Butane (Edm./gal) Indium Ingot (kg) 220.00 220.00 220.00 Un.Gas (N'IH./gal) Manganese (Ine) 1450.00 1450.00 1450.00 ,y Country Mercury flask 155.00 155.00 155.00 Oil Molybd. Ferr. (l<g) 9PJJ 9.80 9.50 (CS Pi!!' barrel) rate Quicksilver 260.00 265.00 265.00 It sour (a-orner) DI",,"- RutI1eIWm (oz) 40.00 40.00 40.00 It sweet (Edm) mlftC)' inCS In USS c:hIniIt Selenium 2.50 2.SO 2.50 (USS per barrel) anon (Pound) 0.000864 0.000645 ril Tantalite 26.00 26.00 26.00 BrI!ntaude embourg (Frax) 0.04320 0.03225 0.28 Tltau(l<ilo) 6PJJ 6.80 6PJJ Arabmed. laysia (Rmg<}t) 0.53lB 0.397l Q.l9 Tungsten pcmder 12.$ 12.69 12.$ Bonrri It. It! (Ura) 3Jl92 V770 Q.3l West Texas int Tropicals :herIands (Gunder) 0J'i!! 05926 0.28 (US cents Pi!!' Ib urless stated) HutI", 0\1 ill. Antnles (Guilder) OJ482 05587 ril Arabica coffee ll5.83 120.08 119.33 (US cents Pi!!' gal) <II Zealand (Dollar) 0.9583 0Jl55 129 RDbusta coffee 7100 70.50 $.50 U.s.GuK 01577 NY Harbor rw.ry (Krone) 01112 -Q.ll Cocoa (USS/1ne) 1617.00 l63O.00 159s.oo llll kistan (Rupee) 0.03342 0.02495 ril Sugar World II 11.39 ll.33 u.s. lumber :I~(Peso) 0.05106 0.03812 -0.04 Canada grains (USS) land (Zloty) 0.4763 03S56 -0.04 Random lengths (CS per tome at TIlmder Bay) rtugal (EsaJdo) 0.00882 0.006S8 036 Canola 4ll2O 414.70 403.50 Coast hem-fir ru (New 500 0.52072 0.38880 -Q.l9 Flax 384.60 384.90 387.00 Wstm spruce-pine 398.00 maria (leu) 0.000376 0.0002l!l -2.ll ~(RubIe) 0.000244 0.000lS2 -OJB udi Arabia <RiYaO 03571 0.2666 iii Convertible Debentures lV3Icia (Koruna) 0.0435 0.0325 0.07 Selected QUOtaIionl on actlYIltY traded debentUres. supplied by RBC Dominion Securities Inc. lVefia (Tolar) 0.0099 Q.OO74 -Q.l5 BoIIII " 0.29(5 IUth Africa (Rand)' Q.2l$ 1.36 '-llistinc MlIl1Irity Coup. price Prem. Yield price nrtIo Price IUth Korea (Won) 0.00l623 0.00l2l2 0.12 PG ManagEmeri Olt lJ-N0Y-08 6.75 154.00 -2.00 lain (Peseta) O.DlO58 0.00790 Q.3S 27..Jan-04 150 9156 l6.n 0.02368 0.44 ~" AfGGINI&JAQ 0.01768 iLanka(~ At;TI !niJstries Olt Hb-ol 8.00 l2l.38 2.lD Yeden (Krona) 0.2026 0.l5lJ 023 Air Canada AC.OB/lSE, ME 2{}-Apr-ffi s.oo lO8J5 59.63 IrNan (Dollar) 0.0487 0.0364 ril AIwi Range ARO.OBflSE 17 -JarMl2 8.50 57.50 17772 22.!Jl 1adand (Baht) 0.0527 0.0394 0.Q2 Avenor AVR.DBflSE. ME &-Fe&-04 7.50 l22J5 14.l9 iridad, Tobago (Dollar)O.2lB2 01629 -lQ6 28-Feb-OO 7.50 268.58 0.00 Bema Gold" BGO.DB.UIlSE n1rey (Ura) 0.0000334 0.0000100 -103 cambridge Stclp CBG.DB/lSE l-Mar-Q3 s.oo 101.50 119.26 enezuela (Bolivar) 0.002llS 0.00Z13 -Q.ll ~ SIq) CBG..DB.AflSC hAIrHJ4 7.50 lOO.2S 195.43 .11"0 0Jrr Unit (EOJ) l7llB l.218l 03J cambridge SIq) (]3(il)6.8fI5f l-Mar-04 6.00 923l 723S Draw Riglt (SOR) 19552 14599 023 Canam Manac Olt 1-~ 8.50 1.05.00 l52.69 :lee Castades CAS.D1lITSf. ME l.9-Aug-03 7.25 124.00 3..33 tes ecn Western Bank CWB.DBITSE lS-Apr-()6 6JS ll6.OO ll54 Cenrefund Olt 3O-N0v-Q6 8.50 IDiOO 2O.8l 11 ••••e late afternoon rat• atF a=.OBllSE, ME 31-May004 7.50 ll.5.OO l2.2O £ Fr.fr. AS s.oo 1I&fr. !II 0iC HeIaIIiers Olt 31-Aug-07 95.00 86.89 n-Mar-02 s.oo 02 2.25095 0.26223 10S490 109lD3 cons. 9100 27S4 Enfield Olt 97 167950 0.l9566 0.78709 Q.8l«J5 Dem!k0lt lJ-Apr-98 s.oo l.OlOO l88J9 lS2 2.Sll92 0.29484 ll86ll l.22673 Oomco lnd DOC.OBllSE, ME lS-ApHlS 8.50 119.00 roi ii - lB7.21. 2l.8I. 8713- 90.74 EQla" Group fPRJJVlSE 31-May{16 71:1). 92.2S -Il53 34 - Q.ll65O 0.46865 0.48470 EIdcndo Gold" Olt I-tb-04 8.2S 217.20 Q.93 8S 8.58392 - 4.02283 4.l.606l Emco IndusIries Olt lJ-Apr-()2 7.25 100.00 11143 .40 2.ll38O 0.24858 - 10342S Emco!niJstries Olt 3Hlec-OO 8.00 l.OlOO nla ll2 2.0631.4 0.24035 0.96688 _ Harmac PacifIC HRc.ostTSE, ME 4-0ct-()4 s.oo 107.00 4713 as 224.08 192152 478.lS 462.l2 HoIinger HlG.0BflSE I-tb-9S 7.00 107J 8 -0.99 HoIIinger* HlGlF_O NASDAQ !;-1"b-13 0.00 34.81 48JO Rates Horsham" HSM.DB.U/TSE, ME l.8-1"b-18 12S 9526 7JJ Horsham" HSM.DB. V/TSC, ME 29-Jan-21 3.00 96..56 9.34 ole.ale late afternoon rate, rnco* N.l6WN'ISE lS-Mar-16 715 IDiOO l6.26 ~ 1..,.. 2..,.. 3-yr ~ s." Inmet IMN.DBIlSE. ME 25-Ju~99 7.50 lOL43 8U2 78.00 ll5.26 13 Ln08 l29l.8 L2873 L2883 l2938 lM1et0lt 29-~ 5.00 lvacoOlt lS-Apr-1O 6.75 94.7S 1.8.44 lO6.lO lOlSl 98.07 95JIl 923l '3 )1 14736 14460 14344 14323 14379 KaufeI Group Olt 28-JuI-98 715 lO4.OO 237.lJ MacBloOlt l-May-(17 5.00 9O.2S l1..8l. IS l6603 17263 n.a. n.a. n.a. Ma91I Itt. MGllBITSE 5-JuI-ai 7.25 l35.OO lO.8l 79_90 456.45 ~PrQlMPLOOflSE,ME ll-Mar-Q4 6.00 il OJ6l!J 0J741. NollIe Olina Olt 3(Hb'-(l4 9.00 8100 96.l7 12.87 0J768 OJ762 fJ.Tm NorandaOlt 29-Apr-{Jl 5.00 100.00 llll 5.00 LO 80.94 78.63 76.18 73J9 7139 )2 11242 11194 11143 llllB llll4 ftJmac fner\Ir Olt lS-Apr-()2 7.00 99.00 l365S is 2.1762 2.Zl!» n.a. n.a. n.a. Pegasus GoId* Olt lJ-Apr-()2 6.2S 96..00 3891 lhkm-98 9.00 98.00 226.66 l.O.37 R$aIlOlt R$aIl*Olt l-Aug-97 8.50 99.00 3UB :ked Securities Rogers Convn Olt 1-Sep-99 7.50 98.00 92.42 3Hkt-99 9.00 l.O2.OO 4l6.99 ~MetalsOlt 'ide 'eYeII on minimum '1 million. Indlcated St. Laurent Pap SPLllB/TSC, ME lS-.AJrHJ4 s.oo l5lOO 3.(!i to d their weighted IV"I,_ mlturlty ctate. Teck Corp 1'8UlBI1SE lJ-Sep-2l 3.00 10141 «l.8O Maturity Price YIekI Teck Corp* Olt ~ lJS llB.7O 61J Tt!ItComm Elec ltN.DB/TSE 9-May-Ol 9.93 92JS 43.79 ll62 Jan.97 lOO.O4 2.93 .. Tembec TBCOBITSE, ME l-Aug-03 7.50 117.50 2SiiI n F1!b.97 10Q.07 2.93 Te mbec" TBC.D8.U/TSC, ME -May-()3 6;Il lO5.OO 24.Dl ():j!J7 J.0228 3:1l ThlmnarIc 1HN.1X'lflSE 31-Jan-98 s.oo 100.28 l3.59 0cl98 104.43 196 lister PeInlIeum UI.P.DBITSE l-.A1rHJ4 7.50 l2l&J 17.04 F1!b.99 102]4 4.l7 Premium 's .tated I •• percentage and I, the amount paid in ••c e .. of the ma""et value of the Mar.99 102.48 4.22 bond', undertyin& shares. Yield. ere calculatad to matU'fI,l),• US. f(.rfR 103.82 4:IJ FehOl. 103J8 5.14 Apr.Ol. lO4.l6 5..ll How to read the Options, Index Options, Futures Prices and 0c:tlJ lll57 6SI Futures Options tables Futures prices open interest reflects previous trading day CBOT - Chicago Mar.97 J.OO.B2 . 3.l2 Board of Trade; CME - Chicago Mercantile Exchange; COMO - New York canada (0) .m97 lOl.OO 118 Commodity Exchange; FIND - Anancial Instruments Exchange; IMM - Inter- ~I\~ J.Ol.W 33l national Money Market; CSCE - Coffee, Sugar, Cocoa Exchange, KBOT - Aug.~ lOl47 173 Kansas City Board of Trade; MPLS - Minneapolis Grain Exchange; ME - Mon- Dec.98 lOl5l 4.l2 treal Exchange; NYCE - New York Cotton Exchange; NYME - New York Mer- AprfR lO4.2I. 4:IJ . Dec.OO cantlie Exchange; NYFE - New York Futures Exchange; r - Option not trad- lO5.57 499 ~;. F'ioh.01 eU C'IMl7'tJ.i. ut. ~I·"'·~ ~',~~. 0tt:~~~"~.::,~~;,~~~~e;;~~;:,::'QC~ 'ilfI"'"

-....,.-.. ,--55.00 55.00 53.00 Euro-deposit rates (bidl ne •• "',,,. Issue Issuer price yield 53.00 53.00 43.50 US$ OmTllght 4.87 5.00 556 11.a. $PJJ 68.llO 70.70 l·month 5.25 5.23 5.lB n.a. Bid side levels 3-month 5.38 s.so 5.3S n.a. Gov't of 6-month 5.44 5.40 5.40 n.a. 1 Dec 2l Canada 10410 3.989 1 CS 3-month 2.78 2.90 2.95 n.a. 30.05 30.05 30.84 OM 3-month 106 3.08 106 n.a. 3116 3116 3196 YEN 3-month 0.36 0.46 0.34 n.a. Bank Rates london intertJank offer rate IUSSI Canada U.s. 2140 2115 2120 GBP 3-month 6.37 6.3l 6.40 11.a. Barlc 01 Can. rate 3.2S 0Istru1t rate 2035 20.00 20.45 I-month 5.37 5.33 5.3l n.a. Prei.o/n!DlT'(l. 3.16 Pnme rate 218S 2160 2165 3-month 5.50 5.56 5.45 n.a. Prine rate 4.7S Fed fu1ds 2410 2190 24.25 6-month 5.56 s.so 5.50 n.a. CaD lIlan Average 2.95 No.) Bonds k NON a.~ :ta. $55 7Q.3S $.95 72.30 73.50 7245 Supplied by Securities Valultlon Co. from RBC Dominion SecuritIeS Inc./lnternltlonl' from F BencIYnork Issues. as CleSlg/18leo oy the !lank of Canada. "'" listed in bCldtace. (N)-MW _ Coupon Mat.date BidS mark, (O)-Old _o-~ AIlerta 7JS Feb 41'18 104.98 480.00 505.00 5l5.oo Coupon Mat. date BidS Yield" AIlerta 6.CO Mar 1199 1.Ol94 AIlerta a.so Sell 1199 l.lll.SJ. 54S.oo 550.00 550.00 Canada AIlerta 8.00 Mar lIlIl 109.81 425.00 47lOO CMHC 6.CO Dec l/98 l.Ol18 4.03 AIlerta 9.25 A(Jr lIlIl 1090 CMHC 8.2S Aug 3199 109.62 (41 AIlerta :!.O.2S Aug 22JOl l2O.n CMHC 8.SO Dec 1199 llO.92 4.58 AIlerta 631 .u.1I04 Ill2..S2 CMHC 8.IIl Mar lIlIl ll216 4.69 AbMfcOO l2..2S Dec I.SItI2 l.2S7l CMHC 8.2D .u.llItXl llll3 4J9 BCHydrOdl4 l.3Sl Jan l5Ill 142.99 CMHC 7JS Dec lIlIl 109.79 5.C2 BttisllCoirrC 8.SO Feb'l6l97 lOl.l\ canada 8.2S Mar 1/97 lOl.J9 2.86 BttisllCoirrC lO..2S Nor'J5l97 lO6.n Sban COllY. COllY. canada 8.111 Mar l5I97 l.lll.S2 2.86 BttisllCoirrC 8.2S AIl<9198 lO6.2'i Canada 9.25 May l5I97 102Jl9 100 BttisllCoirrC 9.as May l/98 1D8..6l l7S 33.00 4J6 ,2Q.97 canada 7SJ .)JII/W lD2..S8 310 BttisllCoirrC 7m .1m 9199 lO6.SI Cmlda(O) 7.00 Sell l5I97 lD2.98 3.l9 456 14.38 5.58 17.93 BttisllCoirrC ll2S AugI.6ltxJ l2J..2[ Canada 9JS Oci 1/97 lD5J9 123 BttisllCoirrC 9JS May lSIOl lJ3.7I 3.28 lOJO llll 9.00 Canada 6.25 Feb l/98 Jll3.29 138 Aug 29101 l2O.2' BttisllCoirrC lO.l5 6.62 5.45 123) 8.00 canada l7S Mar lSI98 lOO.45 139 BttisllCoirrC lO.l5 Aug 29101 l2O.2' L47 14.08 7JD Canada (N) 6.00 Mar lSI98 lO12l 3.45 BttisllCoirrC 9m Jan 9102 llS.8: canada 3.86 2165 455 lOJS Mar lSI98 109JB 22.lXJ 146 BttisllCoirrC 9m .u.2lI04 W.9" Canada 6!1J Sell l/98 lO4!1J 183 0.00 Brtish CoirrC 9SJ Jan 9112 l2S.S 5.5l 48.78 2.05 Canada 9SJ Oci l/98 109.90 lBS 8rtish CoirrC lO.6O Sell 5IlIl 14L4 7iD 12.ffi 184 26.03 canada(N) 8.00 HoY 1198 107.so 3.92 BttisllCoirrC 9!1J .lm9m 129.' 7.46 12.(5 2.82 35.5l Canada lO..2S Dec l/98 lll9'/ 199 BttisllCoirrC 8JS Aug19m l.2O.:! 7.38 12.(5 4.44 22.50 Canada SJS Mar 1/99 1.Ol46 4.ll ManR£T1992 9JS Sell 3102 I2Il2 canada 7JS Sell 1199 lO8.6l (40 5.49 4J!i lll26 915 ~ 8JS Feb5l97 lOU Canada 9m Oci lSI99 lll.99 4.52 7m AIr 19199 lO6.: 126 7.80 15.38 ~ 6.50 canada 9.25 Dec 1/99 U3l4 4.53 ~ ll.OO Aug lS/tX) l2Q.:. 4.63 llOO s.oo 123) canada l.3Sl Dec 1/99 12(98 4.53 .....- ll2S Oci 17100 l2L~ 7.63 ll60 6.45 15.50 canada 8.SO Mar lIlIl lllSJ 4.64 ~ lO.SO MarSl3l 146.: 5.08 2O.!D 5.00 2Q.OO canada Il1S Mar lS/tX) 127.55 4.64 N.B.Elect97 ll.OO 0cI1/99 lO6.: canada 9JS May lIlIl llSJ3 4.n 8J2 6.lO 8.33 l2.OO N.B.Elect96 S!1J Del:3lI99 llJ); canada lO.SO .ulllll llB..57 4.81 N.B.Elecc98 lO..2S Dec 2lI03 ll2. 9.70 0.44 7.41 1150 Canada lS!1J .u lIlIl llllO 4.8S N.B. Elecc99 lJ.2S Nor 1/04 l23. 5J9 4.28 8.33 l2.OO Cmlda(O) 7.so Sell lIDO UlB..94 4.86 N.B.EleccOO 123) MayI/05 l.23. S.63 ll.5O 45S 22.lXJ canada llSI SeIllllll l.22.Sl 4..81 N.B.EIec ll.OO Oci I2/1lI lJ6. 8.l9 715 l.8.lB s.so Canada 9JS Dec lS/tX) W JS (97 KS. l5!1J AIr 15197 104 Canada lSJS Feb IJOl 139)0 5.aI 0.00 6.99 3fJ7l 12S KS. 9J!l Mar l/98 107 Canada(N) 7.so ~ 1101 109.21 5.07 KS. 9J!l Mar l/98 107 7:15 8.75 5.41 l.83l canada lO.SO MarIJOl l.2O.S7 5.07 KS.cOl l2..62 Dec l8I04 131 714 8.75 - nla nla canada llIXl MayIJOl l.ll.95 5.10 KS. 8.2S Dec 1/05 112 6.JD l2.OO 6.06 l6.5O canada 9JS .u.1JOl llB..34 5.14 KS.c05 l1l.87 Decl2lO9 l2\' Canada 9JS 5.14 2.8S 19.!!i SJl. l6.62 .u.1I01 llB..34 KS. 9.60 Jan.Jll72 l.2f Canada 9SJ Oci IJOl W.as 5.27 6.32 8.63 New_ 2.7l 36.84 8JS .lml6l97 ur Canada 9SJ Oci 1101 W.as 5.27 New8nJnswr:i lOm Feb 2SI98 1ll 3.56 27.38 12S )).80 canada 9JS Dec 1101 119.47 5.28 New8nJnswr:i lO.SO .u 141'18 ill 3.21 27.38 123 3LOO canada 9JS DecIJOl 119.47 5.28 New8nlnSwl:* 12.l2 Oci ll/99 12: 7JJ 34..88 2.6l 38.2S canada 8JS Feb 1102 ll5.lS 5.J6 New_ 8.2S Mar22lOO 11 Canada l5!1J Mar I.SItI2 146JS 5.39 6.90 7.70 7:0 l3JS New8nJnswr:i ll2S Dec l3IIll 11 canada 8.SO All< 1102 11437 537 New_ 9JS .u.1JOl 11 8.08 7.70 4Jl 2l.2S canada lOm May 1102 12VI6 5.39 New8nJnswr:i 9.12 All< 1102 11 7:Jl 25.60 113 32.00 canada ll2S Dec I.SItI2 129.lD S.52 New_ 1!37 Aug26lO211 5.23 3JO 8.33 l2.OO Canada JlJS Feb 1103 l3l.96 5.56 New8nJnswr:i lO..2S .u. 22109 12 canada 6.ZJ 19.60 3.49 28.63 7.25 .u. 1103 lD&S2 SJi1 New8nJnswr:i lO.CO Now 23IIl9 l< Canada 7.25 .u.1I03 lD&S2 SJi1 2.68 73.«1 L66 6O.2S New_ lO.l2 0ci3llll 1: Canada 9SJ 0cI1103 l2lOO 574 New_ 9.25 9.93 056 Jan I8Il3 tc 25.64 190 Canada 7SJ Dec 1103 109.98 SJS NIId lO.SO All< lSI01 l' 120 12.90 7J5 Canada lO..2S Feb 1/04 l2S.98 Sl7 Nftd 9SJ SeIl8lO2 1: 3l.5O 2.B6 35.00 Canada 6!1J .u. 1104 lOl.8S 5.86 Nfldc:Ol l2.87 AIl<6I1l3J.: Canada l.3Sl .u.1I04 l~ 5.B2 712 5.65 7.41 1150 Nftdc02 l.3Sl OcIl.S104 1: canada lO.SO Oci 1104 l28.68 5.B8 7.15 lQ.3l 6.70 14.92 9::r1 feb 2SIlO 1: canada 9m Nftd, ' Dec 1104 119.64 5.89 5.lO Nftd ll.OO feb I.5Il2 1: 5.88 17.00 canada l2!1J Mar 1/05 139.!J1 5.94 NIId ll.OO Feb I.5Il2 L 9 a .9 n 9 5.lO 14.8l. 6.75 Canada l2..2S Sell 1/05 142.D6 6.CO Cmlda(O) Nftd lO.l2 Nor 22114 1 lO.5S 4.83 20Jl 8.75 Dec 1105 ll857 6.05 Nftd lO.95 A(Jr lSI2l 1 canada 123) Mar 1106 l45.IB 6Jl6 8.22 165 5.41 l.83l NftdHydro lO.12 Aug2198 1 canada 14!1J Oci 1106 1.57JS 6.ll 0.99 22J5 6.44 1553 Cmlda(N) Nftd Hydro c95 81!l Mat lSI99 1 7.00 Oec l.IIl6 lO6A5 6Jl NftdHydro Dec lSI99 1 ll2S 2.92 3415 2.07 48.19 canada Il1S Mar 1107 1.57.lD 6.l6 NftdHydro lOJS Sell 1710l 1 165 24.00 4.66 2148 canada llIXl 0cI1107 l52.88 6.22 Nfld HydrO c98 lO.25 Oci lSI01 : 9.45 6.JD 14.65 Canada l2.75 MarllOO l.SJ..]9 6Il NfldHydro lO..2S Oci lSI01 : canada 4.45 935 lO.CO Jun lIOO llllO 6.29 lQ.OO 10.00 NfldHydrOt97 lO.CO Sell 28102 : canada JlJS Oci lim 144.82 6.32 5.57 6.96 12.17 8.22 Nftd HydrO c98 lO.CO ..un 27103 : canada llSI Mar 1/09 14lO5 6.3S Nftd HydrO lO.SO ..un lSIl4 : 7J4 25.60 3.45 29.00 canada ll.OO .u.1/09 139.28 6.39 ()t Hydro 10.62 Feb 19/97 . 414 1.0.90 952 10.50 Canada lOJS Oci 1/09 J370 6.40 ()tHydro a.so May1/97 . canada 9JS Mar lJlD l28.99 6.46 ()tHydro 0cI1/97 . canada 9SJ Jun lJlD 127.13 6.46 ll.OO ()t Hydro lO.CO Feb lOI98 Canada 8JS Oci lJlD l2O.27 6!1J ()tHydro 9m 7.25 Mar 3lI98 canada Mar lIll l22.8l 6.52 ()t Hydro .1m l6I98 lO.37 Canada 8.SO .u.lIll ll.B.ll6 6.55 ()t Hydro lO..2S .)JIl2I98 Canada lO..2S Mat lSIl4 J37.os 6..62 ()t Hydro 91Jl Aug 3199 canada ll2S .u.1Jl5 148.22 6JiJ ()t Hydro Mar 9::r1 Jan 3l.IOO canada lOSJ 15121 144.20 677 ()t Hydro 9JS l35.46 1120 AugSlOO Canada .u.l/2l 677 Ont Hydro lO.CO Mar 1910l Canada 9.25 Jun 1122 129.B3 6.78 Crt Hydro c99 Mar 3102 8.00 Jun 1123 11S.2O 6.76 17m Crt Hydro 9m AIr J.6IIl2 Canadallil 9_00 Ju!l ~ 127,g 6.80 ()t Hy<lro 9.co .lJn 24102 ProvIncial CrtHjGO 9m ..IJn 24102 N;[ 9m Jan 15197 lJXl]9 2.91 Crt Hydro cOO 123) tbM2 N;[ 9SJ .)JI8I97 lOl16 32S Crt Hydro all l.3Sl May 1103 AGT 9.60 .u 7198 109~4 170 ()t Hydro t97 9.25 Jan 6104 N;[ ll10 Now lSI99 119.65 4.54 ()t Hydro all 14.25 All< 21106 4GTcOO ~ May 3lJO;I J2l.Q'i. 4.89 CrtHydro cOl lO..2S kJr4lO9 .AGt 9' ". ~.,12O.l!': 6.l9 Oil!:~cIl5,,:~ Jan lSIlO

______ j .......... ~.HUIII'I\~1 J.UlU.W LQjIJ.W lCl.lU.lJU Butane (Edm./ gaO 5100 5100 4l5O try Indium ingot (kg) 220.00 220.00 220.00 Un.Gas (NYH./gal) 70.25 69.80 68.(» 0 Manganese (Ine) 1450.00 1450.00 1450.00 ----Daily--., ,-. Oil MerClJry flask 155.00 155.00 155.00 (0 per barrel) .nCS InUSS c:hangIt 1 . M oiybd. Ferr. (kg) 9.80 9.80 9.00 II sour (Cromer) 3O.OS 30.05 30.84 000865 0.000645 nil QuIcksilver 2(».00 260.00 265.00 Lt sweel (Edm.) 3116 3116 3L96 ).0427S 0.03l.88 _L l7 RuthemJm (oz) 40.00 40.00 40.00 (US$ per barrel) 0.5Jl3 0..3962 -0 23 SeleflUm 2.SJ 2.50 2.SJ 26.00 26.00 Brent crude 21lD 23.~ 22(» ~~~~!"tl.' J~t~Y,rom R7io9,nl~£~t"s t~t£'?on.,~.r. 16993 2.7586 -0'66 Tantabte 26.00 0.7858 0.5860 -ill Arabmed. 2L55 20.35 20.OS TitaniJm (1010) 6.80 6.80 6.BO 12.69 12.(1} Bonny It 2355 23.85 21lD OJIf11. 0.5587 nli Tungsten pOwder 12.(1} West Texas ill 25.ll 24.lD 218S 0.9565 0Jl33 -0.31 Tropicals Hutin,;oil 0.2091 0.1559 -ill (US cents per ill unless stated) (US cents per gal) 1.03346 0.D2495 rut Arabica coffee 117.00 115.83 l2ll7 lLoo 7025 U.s.GuH (l}25 69.55 69.OS \ Q.IHC 1.05ll4 0.03814 0.04 ROOusta coffee 70.75 03S34 l62200 1617ro l5Bl1Xl /('{ HarlJor 7l.7S 72::JJ 7lJO 0.4739 -0.62 Cocoa (USS/tne) 1.00874 0.00651. _L 04 Sugar World U ll.39 ll.39 lL20 U.s. lumber 1.51936 0.38730 -0.39 Canada grains (IJSS) Random lengths 480ro 480.00 5l5.OO Y.ml6 0.00l2r0 -0.28 (CS per tDnne at llunder Bay) 4l3.2Q 406.80 IC oasthem.-fir 545.00 545.00 5501Xl lOO244 0.000l.82 -0.02 Canola 4ll4O 384.60 385.00 Wstm spruce-pine 398.00 398.00 47100 0.3576 02fiil 0.02 flax 38l5O 0.0433 0.0323 -0.57 0.0098 0.0073 -L42 Convertible I T D _ ebentures 0.2912 0.2l7'2 0.12 lOl62S 0.001212 nil Selected QUotations on actiVely debentures. supplied by RaC Dominion Securities Inc. Ol.O48 SolId % Share CoDY CollY 0.0078l-ll2 Issuerllistinr: MabIrity Coup. price ~ Yield price ratio" ~i CalIda (N) 02373 0.01770 0.09 AGFManageme/tOTC ~ 6JS l52.OO -L02 L89 3225 4J6 'lJJ.97 0.20]] 0JS04 -0.60 A~* AEGGF I t-WiOAQ 27..Jan.il4 3Sl 93.l9 172 J 4.63 1425 5.58 0.0488 0.0364 rut A!18lndJstnesOTC 1-Ncw-01 8.00 12193 2.09 116 W.75 lLll 0.fSl1 0.0393 -019 Air Canada AC.DBI TSE.ME 2l}AjJr{15 8.00 W9ro 6L48 6$ 5.~ l23l 0.2185 0.l629 rul AnWRangeARO.DB/TSE 17-Jan.02 8.SJ 62.50 206.03 ~.66 L45 14.08 JOOll3 0.00XJ099 -0.50 AvenorAVR.OB I TSE.ME tHelH14 7.50 123.50 16.61 3.75 2Ul 4.55 .00285 0.002l3 rut Bema GoId* BGO.oau I TSE 28-~ 7.SJ 25S.88 0.00 oro 5.25 48.78 L6997 L2675 -0.83 CambndgeShopCBG.D8/TSE 1-Mar-03 8.00 WL25 123.35 7J4 lL80 184 L950l L4542-o.39 CambndgeShopC8G.DB.A/TSE 1·.Aln-04 7.SJ 99.38 199.OS 7.61 lL80 2.82 , Cambndge Shop C8G.DaB I TSE 1-Mar-04 6ro 90.50 725l 7J 3 lL80 4.44 ------1 CanamManacOTC l-Se!i-98 aso Ws.oo 152.(1} 5.48 4.OS 10.26 rate. Cascades CAS.OBI TSE. ME 19-Au!t03 7.25 124.25 2.88 3.21 7.85 l5.38 Cd!\. WestemBankCW8.DB/TSE lS-Apr-Q6 6.75 ll6.63 12.14 455 l100 ROO Sw.... AS CentrefundCFE.DB.A/TSE J(}Ncw-Q6 8.SJ lO6J3 l8.34 7.61 1190 6.45 2 L04161 iJi37SO CfCFO'.OB/TSE,ME n-May-04 7.50 ll5.OO 12.20 5.07 20.50 5ro 5 0J?625 0.8lO45 OiC~ersOTC 31-Aug-(l7 8.00 95J5 78.l4 8.61 6.45 8.33 4 l..lll26l = L23'172 OJns.EnflcldOTC n-Mar-02 8.00 9100 27S4 9.70 0.44 7.41 3 87.43 9L2l1 Devtek OTC l).Apr-98 8.00 lO3.OO lB8.79 5.78 4.28 8.33 Oomco Ind OOCDB I TSE, ME lS-AjJr{15 aso 119.oo 127.67 5.63 lLSJ 4.55 10 0.46529 4.00427 E<JpetGrwp6'!UR/TSE n-May{l6 7ro 90.50 -Lll R47 7.70 l8.l8 3 _ 104406 EldcraOO GoId* ore 1-~ 8.2S 2lO.62 0.00 oro 6.BS 3OJ? ~ 0.9578) - Emco IsrlJstnes OTC J(}ApM)2 725 99.00 115.47 7.48 aso 5.41 7 482S8 462.2l EmcoIsrlJstnesOTC . 31-Dec-OO 8.00 104.00 n/a 6.86 aso n/a HarmacPaciticHRCDB/TSE.ME 4-0ct« 8.00 Wl.oo 47.13 6.83 l21Xl 6.D6 HoIingerHlG.DB/TSE 1-Hr:N-98 7ro 108.13 -0.67 2.66 19.05 5Jl rates HoIIinger* HLGIF.O NASDAQ !;-1bI-13 oro 34.81 48JO 6.33 8.63 2.7l Horsharn*HSM.OB.U/TSE.ME lS-1bI-18 125 94.44 7.24 162 27.13 325 :nm ProYlnclal ------:-- Horsham*HSM.OaV/TSE.ME 29-Jan.21 3.00 95.75 9.43 126 27.13 3.23 J.yr 4"" 5-yr Inco*N.16.N/N'ISE J.S.Mar.16 7.75 lO6.oo 17.95 7.l1 34.38 2.61 _2869 L2ll79 L2929 !nmet IMN.OB I TSE, ME 2S-.lJI.99 7.50 WL53 82.48 6.86 7.65 7.27 99.23 96.23 93.53 !nmetOTC 29-Se0-07 5ro 78.00 U6.67 ROO 7.65 4.71 4509 L4488 L4544 IvacoOTC lS-Apr-10 6.75 94.75 18.90 7.37 25.SJ 3.13 - NA NA NA KaufelGroopOTC 28-.A11-98 7J5 lO175 236.49 5.37 170 8.33 Mac 810 OTC 1-May-07 5.00 90.25 33.51 6.29 19.35 3.49 Ma91illnlMG.OB/TSE s-.AlI-05 7.25 l361Xl ll.25 2.56 73.65 L66 1J77l 0J765 0J735IMarktJoroo9hPropMPLDB/TSE.MEU-Mar-04 61Xl 79.85 456.10 9.95 056 25.64 7711 74.72 7234 NobIeOllnaOTC J()~ 9.00 8Loo 99.29 l2.87 3.15 l2.90 .l275 U2SO U2SO NorandaOTC 29-~ s.oo lOO1Xl 10.06 5.00 3L80 2.86 NA NA NA ~~~~ ~:: ~~ :~ ~ ~~ ~:~ ~ ~ erCoiJnilia Repap OTC ll-.Aln-98 9.00 98.00 m.2O 10.38 5.00 5.88 urities Repap* OTC l-Au!t97 R50 99ro 33.65 10.01 S.OO 14.81 Rogers Comm OTC l-Sep-99 7.SJ 98.00 93.33 832 10.50 4.83 " $1 million. Indicated rage matunty aate. RusselMetaisOTC 3Hlct-99 9.00 W2.oo 424.17 8.21 1(» 5.41 SherritOTC lS-Dec-Q6 6ro lO4.oo 174.44 5.48 1(» W.53 ice Yield StIJlUl't!lll Pap SPLDB I TSE. ME lS-.Aln-04 8.00 149ro L68 L20 22JS 6.44 TeckCorpTEK.DB/TSE J(}Sep-21 3.00 100.38 4L20 2.98 34.ll 2.07 1.04 2.89 TecJcCorp*OTC J.5.JuKJ6 3JS ll.8.7O 6.27 L64 24.00 4.66 1.07 2.89 Tee-QlmmBecTEN.DB/TSE 9-May-Ol 9.50 9L63 46.70 lL98 9.15 6.83 14.65' Tembec rnc.DB I TSE, ME l-Aug-03 7.SJ 117.50 23.68 4.44 9.50 lOro !.30 3.25 Tembec* rnc.DaU I TSE. ME 31-May-03 6.50 W5.OO 22.OS 5.57 7.07 12.17 1.48 3.93 Tl'Ornmaric lliN.08 I TSE 31-Jan.98 ROO 100.25 14.01 7J 6 25.5IJ 3.45 ,82 4.13 4.18 Ulster Petroleum W.OB I TSE 1-.Aln-04 7.50 121.50 17.04 4.14 10.90 9.52 '.57 p(em~um IS stated as a percentage and II the am to o unt paid In excess of the market value ot the ',91 4.23 oond unO.fly,ng snares. y,.ld. at. calculate" maturoty. " US$ ~89 5.U .24 5.09 How to read the Options, Index Options, Futures Prices and _66 6.66 F " utures Options tables Futures prices open interest reflects preVious trading day . CBOT _ Chicago .83 3.07 114 Board of Trade; CME - Chicago Mercantile Exchange; COMEX _ New York .01 .91 147 Commodity Exchange; FINEX - Financial Instruments Exchange; IMM _ .49 170 Intemational Money Market; eSCE - Coffee. Sugar. Cocoa Exchange; KBOT _I PEl .55 4.09 Kansas City Board of Trade; MPLS - Minneapolis Grain Exchange; ME _I Quebec .27 4.23 Montreal Exchange; NYCE - Netv York Cotton Exchange; NYME - New YOrk \ Quebec .69 4.95 Mercantile Exchange; NYF! - New York Futures Exchange; r - option not .41 5.l4 trSlded; 5.- no option 9®reQ; ..~ -:-,TllfI;mto Stock Exchange; TF!. - TOJ9nto 1 Quebec $ 0'." ~ 1jf'litl1res E-X. change; V ~al'kSeU~~~toCk Excnange; WPG - Winnipeg I QAilh9)\1t1~"'<t4Ag llR~~.4O'1~-. XlllJl5J.5-AL6~~~ if!!'~ : 0<::'1 : ~~, ~ .,H-_ ;1 ~mJl1odlty Exchal,lge. ~ c~~ ~.~ I. (31).\.1 C?f.. 'J$'J~ 2OC!S ocr~;tlnOC:;?~1'15)'orI!l2OSS~:~'1 u.s..·~~. ""5~NOVi:D26 R),i1;\i~ '1 ;j~. :1.:'- \t~~"".~; r-';;';': ~-'a.:';' ~:reoo~:?;~'~,t :u+,..)~::; I m X»~ 1'1::>; ..$ :;' ~N:.I·a:- ~ .'. l.\.." A:.L •• '. .. ;0 .......... '['<"¥~ ........ \,,;.~CI :'-,,>-1. )":!'1:;;lIX..¥\;-'"

5311-..... ~ ...q .v~ 3 t -m : o : n : Ih 5.31 5.38 5.37 531 Canada U.s. ~ ~ ~ 118 Bank at Can. rate 125 DiscaJnt rate 5.00 OM 3-monIh 106 106 liO 2.88 I Prev. o/n COflll, 2.97 Prime rate 8.25 YEN 3-rnorih 0.36 0.36 0.35 0.381 Prime rate 4J5 Fed Funds 5.38 GBP 3-monIh 6.18 6.37 6.37 6.00 Cau loan Average lOS Cou\IOII Mat. Date Bid S Yld% Coupon Mat. Date Bid S YId% Benctvnark Issues. as designateO by the Bank I Quebec 9.25 Apr 1/02 ll6.65 5.(» of Canada. are listed 10 boldface. (N)-<1ew , Quebec 7.50 Dec 1/03 1Jl8..03 6118 benchmark. (O}-old benchmark Quebec 9.37 Jan 16/23 124.00 7::JJ Canada Quebec 9.50 Mar llI!l 125.45 7.31. 6.00 Dec 1/98 W3.ll4 199 Quebec HyG-o WN ..IJIM1 l22..5O oro Q.IHC 8.2S Aug 3/99 W9.72 4.37 Saskatd1ewan 8.12 ~ 4/97 100.94 2.96 Q.IHC 8.50 Dec 1/99 lll.Dl 4.54 Corporate Q.IHC 8.lKl Mar 1/00 ll2.36 4.66 ,"".,., 6.l5 Q.IHC 8.2O.kIn ll/oo llL23 4.76 NiT 9.50 Aug W04 1.LJJ,j/ Q.IHC 7.75 Dec1/oo W9.95 4.98 Alta Nat Gas R40 ..IJIl5I03 U2.S6 : Canada 7.50 ..IJIl/97 lO2.S8 108 Avco fin 8.75. Mar 15100 11144 CalIda (0) 7.00 Sep 15/97 102.99 3.l1 BC G as 8.50 Aug 26ID2 lll2l 5.76 Canada 6.2S ~ 1/98 WUl 3.36 BC G as 8.l5 Jui28103 llL32 6.D6 CaIIda(N) 6.00 Ma-lS1'98 lO3.23 3.43 BCTei 7.25 Jull.W lO5.l4 196 Canada WJS Mar lS/98 W9.19 144 BCTei 9.65 Apr8l22 l21IJ8 7J7 BeE 9ro •• ~ 28197 1004 135 Canada 6.50 Seo 1/98 lO4.53 lSl ...." 8.00 Nov 11'98 107.55 3.90 BeE 7.12 May JI'jJ8 lD4.59 178 Canada 5.75 Ma-1/99 103.54 4.09 BeE 8.95 AprIlO2 U4.90 5.67 17.93 Canada 7.75 Seo 1/99 lll8Jl 4.36 BeD 9.50.1Jn 15/02 ll8.D9 5.65 9ro Canada 925 Dec1/99 11124 4.49 BeUc04 9.45 Marl/ll 006 7.62 8.00 Canada 8.50 Mar1/oo llL64 4.61 BeD 9.70 DeclS/32 l.3Ul 7.24 7,W Canada (0) 7S1 Sep1lOO 109.oa 4.83 BkofMontreal 8.85 Jun1/03 ll5.ll 5.98 22.1Xl Canada (H) 7S1 Ma-lIIl1 109.33 5.03 BkofMontrealIO.85 Decal108 l34.Ol 6.69 2.05 Canada 9.75.k1n 1/01 ll8.47 5.11 Bk of N5 RW Mar 24/03 11141 5.91 26.D3 1 Canada 9.50 Oct1lO1 ll8.OO 5.24 BkofNS R90.kln2lll25 119.86 7.24 35.511 Canada 9.75 Dec 1/01 11961 525 Bon'ba dIer 8.ll Jui281Q3 ll2.37 6.D2 22.50 •. r 9.75 I Canada 8.50 Apr 1/02 U4.S0 5.34 CIBC 7,W MarWlO4 lD5.68 6.l2 6.50 Canada 725 Joo1/03 1.Il8.S7 5.66 CIBC 9.65 Octll/l4 126.10 7.D6 l2.9J Canada 7.50 Dec1/03 llO.D3 5J4 CdnUtdilies R43 J001/05 U4.93 6.15 15.50 Canada lO.2S Fcll1/04 l26.O4 5J? CdnUtililies 9.40 May1/23 127.12 7.11 20ro I Canada 6.50 Joo1/04 W191 5.85 Co~Gas 755 Decl5l97 ID4l8 145 l21Xl1 Canada 9.00 Dec1/04 119.70 5.88 IPLEnerqfc96 8.20 ~lSI24 lll.72 7.21 l3Sl Can<Ida(O) 815 DeclillS l.lS.64 6.04 lmascoUd &.37 Jun23/Q3 ll2.63 6.02 l21Xl . 22.1Xl Can<Ida (H) 7.00 Dec l.IIl6 lO6.SO 6.12 Molson Brew R20 Mar llI03 llO.93 6118 5.50 \. Canada 9.50 Junl/W 12714 6.46 Northern Tel 7.45 MarlD/98 J.04.73 163 125 Canada 9ro Mar l/ll l22.ro 6.52 Nova 8.ll..IJIl5lO3 11232 6.D2 l8.5O Canada lO.2S Mar 15/14 137.oJ 6.62 Nova Scotia Pw 7.70 Oct lS/03 lD8.72 6.13 n/a Canada 9.75 Jun1/21 135.40 6J? OshawaG~ 8.25 .klnll103 1ll8l 6.05 16.50 Can<Ida(O) 8.00 Junll23 llS.lS 6.76 PancanPet 8.75 Nov9/OS ll6.Sl. 6.3l 1.6.62 Canada(N) 9.00 Jun1J2S 127_43 6.81 o-~IBanI< W.5O Marl/02 l22.D2 5.(» 36.84 •• '~1· Se;qamUd 9JJO Decl.W 109.45 4.14 3LOO Aberta 6.00 Mar1/99 lO4.O3 4.11 T-OBanlcc97 9.W May15/02 W2JS 109 38.25 \ Abert! 8.50- Sep1/99 llO.6O 4.37 TalismanEnerg 9.45 Dec22199 11143 4.69 13.75 Br COOnilia 700 Mar2l98 104.28 149 Talisman Energ 9.80 Dec 22104 l2l.86 6.30 2L25 I B rCoiJmbIa 7.00' J 9'99 1""<0 419 Teleglobe 8.3S .kIn'lfl103 11196 6.11 32.00 un I """'" 12.00 BrCDlumbla 10.15 Aug 29101 120.36 5.25 Tl'Omson 7.90 Sep17/02 llO.15 5.8l 28.631 Br CoiJmbIa 9.00 Jan 9/02 ll5.90 5.40 Tl'Omson 9.15 .AJi6l04 ll6.87 632 (».25 BrColsmbla 7.75 .kIn16/03 1lO.42 5.81 TrCdaPIpe 9.45 Mar'lJJ.ll8 12176 7.24 190 BrCoiJnilia 9.00 JunZl/04 117.89 6.02 TransaltalJtJl 8.3S DeclS/03 ll158 5.96 7.75 BrCOOnilia 9.50 Jan91l2 l25.64 6.76 UnionGas 9.70 Nov6ll7 126.39 7.23 35.00 BrCOOnilia 8.50 Aug23/13 116.56 6.82 UnmGas 8.75 Augl/lB 116.46 7.23 9.00 Aug 23/24 12198 7.02 WestcoastEner 9.90 JanWl20 129.04 7.28 17.00 New 81'\1\SVjYj( 9.12 Apr 1/02 116.50 5.51 International .. 6.75 Newfoundland 10.00 Jul2S/01 ll8.55 5.43 Austraba 7.00 15 AUG 1998 101.09 6.3l 20Jl Newfoundland lLOO ~ 15/12 l36.64 7.04 l8.5O NovaScotia 921 Mar 1/98 107.67 157 Austraba 8.75 15JAN2001 10732 6.69 9.SJ Nova Scotia' 8.25 Dec1/OS ll131 6.29 Australia 6JS 1500v2OO6 97.46 7.11 l5.53 Nova Scotia 9.60 Jan llI22 uaso 714 BntaIn 7r o II MAR 1998 lOO..8l 6.62 48.19 OotHyd 7.25 Mar31/98 l.04JtI 355 Britain 7ro 0600v2OO1 99.54 7.11 2L48 OotHyd 962 Aug3/99 l13.D9 4.39 Brtain 7.50 0700:2006 100.59 7.41 France 4.SO 12OCTl998 1OL25 179 lOro Oot Hyd 9.00 Apr 16/02 116.13 5.49 8.22 Ont Hyd 9.00 Jun 24/02 116.47 5.52 France 5.50 12 OCT 2001 W2.8l 4.84 29.00 Ont Hyd 10.12 Oct 15/21 135.77 7.05 france 6.50 25 OCT 2006 W5.Il8 5.8 10.50 Ont Hyd 8.90 Aug 18/22 12162 7.06 Germany 3Sl 18 Sl'P 1998 99.88 156 Ontaril a75 Apr W97 102.18 2.96 Germany 5.00 2lMAY2001 lDLS4 4.W Ontano ROO Mar 1lI03 11161 SJ7 Germany 6.25 26 APR 2006 lD117 5J9 Ontano 8.75 Apr22l03 ll5.64 5.79 Daly 8.25 01JUl1999 lO4.67 6.36 0IiiIri0 7.75 Dec8l03 1lO.57 589 Daly 8.25 01JLl2001 lO6.29 6J4 Ontario 9ro . Sep 15/04 ll8.lO 6:05 Daly 8.75 01 JLl m W9.11 7.53 Ontario aw Sep 8123 ll2.37 7.06 Japan 5.00 21 sa> 1998 W7.67 0.68 Ontano 7.50 ~7/24 105.23 7.06 Japan 6::JJ ~sa>2001 12OJ? L63 PEl 9.75 Aprlll02 119.OS 5.62 Japan 120 ~sa>2OO6 lD3Jl 2.72 925 Mar 18113 l2LB4 6.98 U.s. 5.63 llOOVl998 99.91 5.68 8.50 Apr1/97 1OL86 2.95 u.s. 5.B8 1500v1999 WO:J5 5.78 ROO Marll/98 105.72 157 U.s. 5.B8 llOOV2OO1 99.78 5.93 Quebec lO.2S Apr 7/98 lO8JS 158 U.s. 7ro 15JtJlm W6.03 6.16 6.00 Apr 1/~ 103.&3._ 4.26 l!~ . __ . __6 !!J 15Q9:.2OO6.,W2.72_ _ 6,13. "_ .,.. .... ',.1·e~-'.~"C:"II.~.I···"I'l,aI .. ltIwJoo(/.71 ."",It!Hf '?6.S"" Al:i1 :~r-- :rt:-.:. ~"'rr:!r":"'l"X::'t. (..,.~ .. ~t\vj,. ... ?;.tr':'f::~

=w m.oo m.oo j ~~~;; n.oo 7Il.2S Intry 1\ II1iIn igIt (kQI 22D.JXl -,-______ Manoanese(1ne) 14!iD.OO 145a.OO 145a.OO Oil IIaIr'Jr J.SS.OO Mertuy lIask 1$.00 1$.00 (CS per bam!i) Illes IIIUSS", ~ ferro (kQI 9.lJl 9.lJl 9.00 Lt SOlI' (CIIlmer) lU5 lU5 0lXXll66 OJlXl6oti o.m QJictsiM!r a\II.OO 26Q.OO 265.00 4IJ.OO Lt sweet. (&in.) lL16 lL16 j ().O(lt9 0Jl3l8l -Il2J. RuIherUn (al) 4l.OO 4l.OO (USS per barrel) 0.53JB o.JJ62 Q.02 SeIriJm 2.Sl 2.50 2.Sl Brertaule 22.lJl 2llD 3lI112 2J548.Q.l4 TcnaitI! . 26.00 26.00 26.00 Arablll!d. 19Jfi 2l.55 !I') QJ844 US84S -Q.26 1ianUn (kilo) 6.Sl 6.al 6.Sl ~tt. 2125 23.S5 0.7400 TID,JSIen IlO'Mier l2.l9 l2.69 l2.l9 erj 0$l!7 rii WestTexasilt. 23iIJ 25..ll " 0.9517 fJJIm.Q.59 Tropicals o.axI8 0J556 HeatiIIC oil -Q23 (US CeliS per II lIlIess SI3IedI (US CeliS per gal) (l.Ql3.f) 0.024J5 rii Ar.IIica aifee llS.83 ill.oo l2O.33 lIS.QI Q.lliIJ.2 o.tl38l9.Q.l4 Rdlusta coffee 71lJS 7OJ5 7O.2S 67!XJ 69.25 o.v.zs 03S23 -0.32 CoaIa(USSllne) lM3.oo l622.m l6ll.OO Harbor n.oo n.75 01U!7l 0.~.Q.36 ~ Wor1Ill l.I.3l 1139 1141 U.s.~ Canada craias (IS) 0.5l.719 U3!&ll -0.39 QJXlIl;'S 0.00l'lSl .Q.l4 (CS per lime at llulder Bay) Random Ien!jhs 400.00 400.00 409!XJ [ Coast hem.-fir 545.IXI 545.IXI Q.lDl244 O.lXlll82 .Q.04 C!naIa 4lIl.4I 4lJ..4I o.m 3I!lJI):mso 383.00 WSIm SIlNCe1line :m.oo :m.oo 02666 -Q.02 Far (U)(U O.nm-o.46 o.ro;e o.oo73.Q.Il3 Convertible Debentures c 01928 01182 o..fi 5eIoI:ted..- on -..s. Dominion SecUllti• Inc. 0.00lSl3 -Il.24 8CIMIIy _ SUPl)lled by RBC ().lll.W) .... " sa.. c-. c-. Il.llI.Mi o.m7J9.Q.36 Il.lI2375 O.Ol17ll '-'1IiItiIIc IIIIbritJc:o.. price PI-. yo.... price ... Price rii Il2Ill2 0.l4W-Il.32 N!i' ManiIgemet on: ~ 6JS l5l.Ill .1.17 l.S4 32.2D 4.76 IfPat" ISi'INA'i"JI4 27..1a1Hl4 3S) 92.J!I. V.1I3 (69 14.13 5.S8 Q.0488 011364 rii Q.lli11 o.a:J13.(1(5 A!Ja InWstries on: l..Jbo.Ol am l2l.9l 2m ll6 10]5 llll '" 0Inada AC.aIfISE, ME :!).Apr-ai am 109.00 S8.$ 65J 5.5) 12.50 alar) Il.2lll7 0J.629 rii AlM)IIangeARO.alflSE V-.laHl2 8.!i) 69.00 233.27 V.98 147 14.18 0Jmll33 o.tXXXll99 -Il.28 A_AVR.D8IlSE,ME 8-1'tb-04 7.50 123.50 l5.62 175 233l 4.55 01ll2lIS o.oozt2.o.l6 Bema Gdd* t!OO.DIWI1SE 2lH1!D-OO 7.50 244.99 0.00 0.00 5.02 48.J8 ) _ L697l l.2M5-1l.24 CaniJridge Shq) CllG.OOI1SE 1-MaNB am lDl.25 119.63 7]4 l2.oo 184 ll) _ l.9 _ 4«I _ L _ 4 415 _ -0 _ .39 1 C aniJridge Shq) CBiaWlSE 1-.bH)4 7.50 99.25 193JI) 7.63 l2.oo 2.82 CaniJridgeShq)coomatJSE l-Milr-04 6.00 9138 7U3 7S J l2.oo 4.44 CiJnamMilnat on: l-Sep-98 8.!i) m;.m lSU9 5.48 4.15 1ll.26 _ t.... ClIstadesCAS.aVlSE.ME 19-Aug-OJ 725 12425 4.2l l2I. 7.75 l5.38 on Wes1I!m BiD CWBJlII1SE lS-~ 6JS ll6.2S ll.78 4.60 l3..Il) am fr:. tr. s..tr. A$ Cenn!IInIamwtsE ]).f01)6 8.!i) lJlU3 l6.lJ6 7.61 IUD 6..fi BJII 11JoWl lO87l4 ao: aJ l!ITS£. ME :n-Mill'-04 7.50 ns.m 12.11 5.a7 :n.so s.oo ~ OJ71ff1) Il..8llIIS OCHelil:qDrson: :n~ am 95.5) 76.:D. 8ili 6.50 8..D :n-MaMJ2 .M5 ll8l41 1.2lSlS QJls.fnlieldon: am 9lIlI 3204 9JO Q.38 7.41 Zl74 87.16 9112 llIMIIron: l).~ am lIXlOO 5J8 4.28 833 l88J9 IloII:IIInlfIXX:.tlllTSE.ME lS-1or-(li 8.!i) 119.00 1270 5.62 llSI 4.55 lllS7 -.J 0.46'387 0.48Im f4la" QQcl8lR.IRI1SE :n~ 7.00 90.00 -146 2.49 7J O l8.I8 4.IOlI.4 4.l'mI WndIIGdd* on: 1..fb.04 8.2S aD 0.00 0.00 6.77 'WI .24949 .23Il63 Q.956IB 1.045ISO EllalnWstrieson: ~ 725 99.00 l2l35 7.48· 8.2D 5.41 9.95 484.00 462.94 £tnaJlnWstrieson: :n-oec-oo am Jll2JlI nla 7/f/. 8.2D nla HIlma: PaciIio:.II1C.D8IlSE, ME 4-Ott-04 s.oo lll7.oo 47J J 6.1Il l2.oo 6.06 ~KG.llVTSE I-fb-98 7.00 lll7.1J -Q.]I 2.811 19.00 5.7l _ t.t.. HrImger* tt.Qf.o1ltBll\Q s-ta-13 0.00 3o\lI8 48.91 63Z &61 2.7l Harshin* HSM!lII.1JIlSf, ME llHD-18 1.25 lOOJ3 6.al 124 28JIB 1.25 llJI) ProYinciaJ ------- Harshin* HSM.lIl.V/lSf. ME ~21 100 lOl.39 8.8& 2.92 28JIB 123 ,.. 3-tr 4-tr s." lil:D* H.l6.NINYSE J.S.Mir-16 7.75 lO6.m V SZ 7J ] 3GI 2.6l '17 l.2lI47 l.2llS7 l2901 Inmet IMN.D8I15f, ME 2S-.lHJ 7.!D IllI..l3 82.91\ 7I 11. 7B J 7:0 'iT 99lJl 96lJl 93.38 lrm!t on: 29-SeIHl7 s.oo 7&1D ll8J» 8.lIl 7B J 4.7l 19 1~ 1448) 14557 lYiID on: lS-Ap-lD 6JS 96.00 1931 712 25.75 113 I) n.a. n.a. n.a. KadeiQQcl on: 2lhlfI.98 7.75 JD(25 267.94 5.06 14) 833 Mac Il/o on: 1-May-Ol s.oo 90.00 3453 63Z 19J5 149 __ lit. a.«iJJIIlSE s-.a;.a; 725 l36JX) ll25 2SJ 73..f1j 166 !6 0J784 0J778 01748 Mar\IborIu!jlP/q) ~ r.£ ll-MaNl4 6.00 79.75 465.Sl 9!11 0.55 25.b4 IS 77.12 74.73 ;U; ttilIe ow on: l).fb.04 9.00 8UXJ 96..l7 l2.87 Ul l2.9O 17 ll303 L1263 ll279 I'm1ncIa on: 29-Ajr-Ol s.oo lIXlJl) 1024 s.oo :D..75 2.86 i6 n.a. n.a. n.a. tbla:ftlergJon: lS-A!I'.Q2, 7.00 '11.00 124..62 712 5.95 7.41 Pegasus Gdd* on: l).Apr.Q2 6.25 95.00 48.lJl 7.38 9SZ 6.70 __. .........- --\ Repap on: l).,b).98 9.00 9Il.OO 234.54 lO.38 4.98 5.88 !H:urities =~Olt t= ~ ~ ~ ~ ~: 1: ~ ..m um $1 million, ,ndl.".d RusselMet!lson: :n-oa-99 9.00 Jll2JlI 4l!l.oo 8.2l 3JI) 5.41 d ave,a«e maturity date. r.... I S herrIt on: ~ 6.00 54.00 159.39 5.1!6 3JI) lO.5J I"FD Stlaul'ert Pap SPI.IlBfISE, ME lS-.m.04 am 1411.m 144 L.ll 12JIj 6.44 TectCap 1BUWISE l).Sep-21 100 lOO38 «l.!i9 2.98 34..fi 2.07 100.04 2.1Il TectCap*on: ~ 175 ll8JI7 6.26 1.63 24D3 4.66 am lOO.O8 2.1Il T~Bec lBlIlI!ItSE 9-Mi1yo(ll 9.!D 90.00 49.113 l2.49 6.1Il Tembec lllCDIIITSE, ME 1-Aug-OJ 7.!D lV.!D 25.Ill 4.44 9.4):w.m l.O2.l3 121 Tembec" 11lC.aWI1Sf.. ME :n~ 6.50 m;.m 23.J5 5.57 6.W l2.V lO4SJ lB8 1IImnark 1tftIJII1SE :n...Ji11.98 am 100.28 l2.9l 7]4 25.75 1.fi 10290 4.09 lIsII!r I'I!Inl aBtII_III P ..W.l S _E _ .1.-.. bH)4 7.!D l22.m 18.61. 4lJl llJ.lJ) lO2.65 4.14 ~j. d i. the __ 1ft ...... of tile _ ...... of "'e \ (iiari) lOl.W 4.l9 - undeflyinc 111_. Yo.1doI .... caicuioted to _ •• us. lG4.04 5.07 lJK.4I 5.04 How to .... the Options, Index Options, Futures Prices and 0nIari0 ll2.DO 6.62 F1 utuns Options tables F'utw'es prices open interest reftect5 previous ~ day CIIOf _ Chicago 0nIari0 lOO.84 101 Board of Trade; CIIE - Chicago Mercantile Exchange; COMEX _ New Yorl< lOlIl3 108 COmmoc:lity Exchange; FINO: _ Financial Instruments Exchange; .... _ lIl3.94 144 International Money Mat1<et: CSCIE _ Coffee, Sugar. Cocoa Exchange; K80T lJIl.Sl lIiI lIl3.6.l 4.04 Kansas City Board of Trade; IIPU - Minneapolis Grain Exchange; •• _ lUbec J.04JS 4.l9 Montreal Exchange; NYCE - New York Cotton ~e; NnE - New Yorl< I lUbec '~,v,.c .Sl72 , i .. tMenlaRti1fLii. ." ",.....; 1CVRI)Ii- iIIew ' V :fb or r k o r f itD ' st u oC I k u res~ " t .. R ..~ _ Tbn ;~1t2 ..5Jil ~ .l~~ ~ '"': Ucfiahge; ';"'.0;.0 .,. ........ 1, ··"·'"5 .. Ex h ':'lOU8 " r.u ....u ........a nall£ ."..!JlancroU'llltf' toe" C ange~ WPG - Willll~peg.,r~k·, .. iQ.ilS.«~4JIIll 119.10 ~_ lJK.49 {~ .i ~ ''!:-<l.''_''Y.~-<· . ',,,' .;- 'i'!!: :It'U. (f.·~l' '-}~J. u~"'&:tW l71f.lJF>r!i lIS. eCH' J<~trlV2Il26 frito2 -tr4fl

;;;1 6-moIitI 5.41 5.37 s:; ~ I caaaaa U.s. .CS 3-nmh 2.84 2.75 2.87 12Il IB art 01 Can. rate 3.2S Ilisaut rate s.oo [N. 3-moIitI llJ 106 107 107 Prev.oIn~ 2.'11 Primerate 8.25 'if:N 3-moIitI Q.36 Q.36 032 034 Prime rate 4JS fed fu1ds 5.2S ll.84 I GBP 3-nmh 6.25 6.l8 6.25 516 Cal loan Average ll5 3l.S6 Bonds No< al -fOr NOli! U 2.3J!j Supplied by Secuntiea Valuation Co. from RBC Dominion SecuritJea 'nc./tntematlona' from Reuter. 2O..fi eo..- MaL om Bill $ Y1d% c... MaL Data Bill $ Y1d'It 233l BencIwnark -.8 $ deSiIO'I8ted I7f 1he Bank lUbec 9.25 Aox 1/02 ll6JS 5.S8 24.31 of Canada. are listed in boldface. (~ lUbec 7.!D· Dec 11m lJaI1 6.05 bIn:Ivnark. (O}-olr1 benctInaIII lUbec 9Z1 Jan 16123 124..fi 7:0 Canada lUbec 9.50 Mar 1lI23 l25.9O 7.28 7Q..fi IC MI(; 6.00 Dec 1198 lOJ96 193 lUbec Hyti'O lD.87 .u 25IOl J22.S6 0.00 73Sl I CMI(; 8.2S Aug3199 109.111 4.33 SasIcaIr.tEwan B.l2 fUl4'97 lOO.93 2.9l CMI(; 8.!i) Dec1l99 lll.Il1 4.52 Corporate a.H: 8JII Mar 1100 ll2.5O 4..62 Aug24104 l2O.52 6.l3 5l5.oo \ CMH: 8.2D JJnlllOO lllJ7 4.72 IGT 9Sl sso.oo CMH: 7.75 Dec 1100 llD.ll6 4.95 Ala Nat Gas 8.4) olJIl5Ill3 ll2J4 6.04 47lOO 0Inada 750.u I/W lO2.flO lIl3 Avm Fi1 8.75 Marl5fOO lllS8 4.90 CM1da (0) 7.DO Sep J5.I97 UI3JIl 3JJ 8 CG as 8.!i) Aug 26102 ~ 5.73 Cilnada 6.25 fUl1I98 lIlll5 l:n BC G as 8.lS .u2&llB ll.I.3l 6.Il3 CM1da (N) 6.00 Mar I5J98 llIla 138 BeTel 7.25 .ulSl98 lO5.Zl 191 Cilnada lJl.75 Mar lSI98 109.24 139 BeTel 9.65 Aox8122 129.25 714 Cilnada 6.50 Sep ~ lO4.6l 176 Ia 9.00 Aug'1Bl'l1 1006 l:n Clnada (N) 8..00 Nor 1198 lll7A6 3.G Ia 7.12 Mar~ lO4.65 113 Cilnada 5.75 Mar 1/99 llll65 4.04 OCE 8.95 Aoxl/02 llS.04 5.64 'lJJ!11 V.91 Cilnada 7.75 Sep 1199 lla79 4.33 Bel 9Sl JIJIl5IO'l ll8.24 5.62 0Inada 9.25 Dec 1199 lll3l. 4.47 Belc04 9.45 Marl/ll llllJ6. 7.62 9.00 am CnIdi 8.!i) Mar 1100 lll76 4.S7 Bel 9JO Decl5l32 l3lJIL 7.21. 7.JD CM1da(0) 7.sJ SeplllJO 109.31 ...,., BkolMcmeal &85 .illlIIB 115.48 5.95 22.(l) C3IaIa(N) 7.sJ MarL1l1 1119.46 s.oo BkolMcmeall.O.8S Dec 3lJ(lI l34.28 6.67 Wi ClIIiIda 9.75.i11 1/01 1llL6l 5.al Bk 01 NS 8.lD LW24I03 lllS8 5.88 26.I.I3 CaIBda 9.50 Oct 1/01 llBJS 5.aI Bk 01 NS 8.90 JIJIZl/25 uo.:n 7.21. 3S.5l 22.50 Cilnada 915 Dec 1/01 11916 5.21. BoniIanier 8.lI .u2&llB ll2$ 5.99 9.75 Cilnada 8.!i) Aox 1/02 114.64 s.:n CBC 7.JD MarlMl4 lO5.82 6JO 6.50 Cilnada 7.25.i11 lIIB lIW8 5.62 CBC 9.65 Octllll4 l26.49 7.IB 12.50 CaIBda 7S l Dec lIIB llll.24 5.7l em \dies 8.43 .ill 1/05 ll5.I» 6.l3 15.5) 0Inada lD.25 fUl1/04 l26.26 5.73 em \dies 9.41 Mar 1/23 127!1J 7IB 2O.lJI 0Inada 6.5O.iII1/04 l.04.IPJ 5.82 QJIs. Gas 7!Jj Ilecl5lW Jl)4.ZJ. 141 l2.oo Cilnada 9.00 Dec 1/04 119!XJ 5.85 IPl ftlergJ c96 8.2D fUll5I24 U2JS 7.18 13.50 CM1da (0) 8J5 Dec.lJQ5 1WD 6JIO IsIiIsaI UII 8.37 5.99 l2.oo J1J1231113 ll2.lJl 22.(l) Clnada (HI 7.DO Dec lJII6 IIl6.IO 6JII MoIDI8rew 8.2D Mar 11/03 lllJD 6.05 5.5) CaIBda 9Sl.ill l/lD 127SZ 6.4Z IbIImI Tel 7. . fi Mar )IIi'J8 lOO8 158 3.2S CaIBda 9.00 Mar l/ll l2ll8 6.48 Nota UI olJIlSIOl 112.49 5.99 llI.!iI CnIdi lD.25 Mar 15114 137S l 6.58 Nota SalIia Pw 7J O Octl5lll3 lWIB 6JO nla <:an;m 915.i11 1/2l l35.95 6.7l 0sIaR ""- 8.2S JIJIllIIB lll99 6.02 l6.5O CM1da (0) 8..00 .loa lI'D 1WiI5 6.13 Pan:.an I'I!t 8.75 1l6J4 6.28 Nor9/tli l6.62 CM1da (N) 9.DO .loa 1t.I5 lZI.!17 6.71 rq,;i &n lQSl 36.84 Marl/02 l22.l6 5.57 Sel!J;lmUII 9lX1 Dec~ 109.57 4lJl :n.oo AIlerta 6.00 Mar1l99 lO4.ll 4lJl T-DIlric97 9.JD MarlSlO2 lO2.75 104 38.2S AIlerta 8.!i) Sepl/99 llQJiB 4.J4 Taismanfrlerg 9. . fi Dec'lll99 ll3.S2 4.66 1175 Br CoUIDa 7.00 Mar 2J98 lO4.l2 1.fi Talisman frIerg 9.lJl Dec 22/04 l22.Ol 6.28 2125 32.00 Br CoUrilia 7.00 .ill 9/99 lD6.ll ill TeIegklbe 8J5 .iIIl!II03 ll2.l4 6.a! 5.78 SepV/02 J.lll.29 l2.oo BrCoUrilia lOJS Aug29J01 l2D.49 5.22 ThlmI1ln 7!XJ 2l!.63 BrCoUlDa 9.00 Jan9/02 ll6.Ol 5.37 ThlmI1ln 9JS .u6iU4 illI11. 631 60.25 Br CoUrilia 7.75 JJn l6IIl3 llJl.5B SJ9 Tr Ccta ~ 9. . fi MarZl/lll 124.22 7.21. 3.SO Br CoUIDa 9.00 J1J12I./04 l.l8lII 5.'11 Transab W 8J5 Dec l5Ill3 lll75 5.9l 7.75 BrCoUrilia 9Sl Jan91l2 l25.99 6.7l UDlGas 9JO Nor6/l7 l26.86 7:JD 35.ID Br CoUIDa 8.!i) Aug 23Il3 ll6.9l 6J9 UDI Gas 8.75 Augl'l8 ll6.9O 7:JD 13.50 Br CoUIDa 9.00 Aug 23124 124.50 6.W WeslmasHnel' 9.90 .-I=lilnll 12953 7.25 14.92 _ .. 17.00 New IlnmNd 9.12 Aox 1/02 ll6.65 5.48 International NewfIudaI¥I l u Il . O m O .u 25/01 U8.75 5.39 Au5InlIiiI 7.00 15 AUG 1998 ~ 43 NewfIudaI¥I fUll5Il2 l36.92 7.Ql 6. llI.!iI t-«wa Saltia 99 Mar 1/98 107J O 153 Austraia 8.75 15 JAN 3m I06.83 6.82 9.50 t-«wa Saltia 8.2S Dec 1105 lllS5 6.26 Austraia 6JS 15 trlV 2Ill6 %.90 7J9 1553 t-«wa Scotia 9.60 Jan llI22 l2894 7.ll BrbiII 7.00 II MAR 1998 lOO.84 6.60 48.l9 (Xt Hyd 7.25 Mar l1J98 lOU2 1Sl. BrbiII 7.00 06 trlV 3Xll 9953 7.ll 2148 (XtHyd 9.62 Augll99 1ll2Il 4.35 BrbiII 7.!D 0700::2Ill6 lOO.41 7.44 14.65 :w.m (XtHyd 9.00 Aox16f02 ll6.29 5.46 fhn:e 4.50 l20CT1998 1Ol.2S 179 8.22 (Xt Hyd 9.oo.ill 24/02 lI.6.6.l 5.49 f1am! 5.5) 12 OCT 3m 102.79 4.84 29.00 (Xt Hyd lOJ2 Oct l5I2l l36.3l 7I 11. f1am! 6.50 25 OCT2Ill6 lO5.ll 5JI) 9SZ 10.50 <Xt Hyd 8.90 Aug 1&'22 l22l3 7.IB ~ 3S) lB SB> 1998 IDU9 0Jl 8.75 I(1Tl6I'11 lDZ.lB 2.9l ~ s.oo ZlMAY3m IDl.S8 4.59 0nIari0 am Mar l1IIl3 l.l1J9 5.74 ~ 6.25 26 APR 2Ill6 lD3Zl SJ9 8.75 Aox22l1ll ll5.77 5.76 IIaIy 8.2S 0l.l.ll999 lO4.6l 6.38 (iiari) 7.75 Dec 8Il1l llJl.l9 5.87 IIaIy 8.2S Ol.l.l 3m lO6.ll 6.7l 0nIari0 9.00 Sep l5I04 U8.lI 6.02 lIaIy &J5 Ol.l.l 2Ill6 10912 7S l 8.lD Sep ~ 1.l2.&5 7.IB Japan s.oo Zl SB> 1998 lll71D Q.66 0nIari0 7.50 fUl7I24 lIl5.6.l 7.IB Japan 6.ll ZlSB>3Xll l2l.O5 L58 _ I PH 9.75 Aoxlllll2 119.21 5!B Japan Ul ZlSB>2Ill6 lO42O 2.66 PH 9.25 LWl&'l.3 l.22.l9 6.95 lIS. 5.6311trlV1998 '11.94 5.66 8.!i) Aox I/W lOlJI6 2.90 lIS. 5.88 15 teN 1999 100.28 5.77 am LWJ1198 ~ 3.S2 lIS. 5.88 llteN3m 99111 5.92 S n O o to d O i Jebll:;IV . . ~ 1 l2S!i··l; .... 7 , A l8 JlW .. U .V -+:~ ' .1 . A S.Cl8.&> l<.'i. ~ )!!"u'2Ill6uAlOI.08/> <U6~ ,~oon ~)il' ,~ ! r~ ~~ ~~ : . C0 •. d ~~ C ~ ':' lSii1:Di . 6 , :! ~ . ~ . . ~ e p ' ~ <c ".'- 15A1.G3l:Z6llAlOlISl UIJ.3 .--..- -.. ------ --" .. -.----_.--

I -.oJ' us> Ov~ - _... .....,.w .5'lJ.OO Buta~ (Sa, JgaO 55.00 55.00 53.00 Gerrmnum (kg) 1630.00 1630.00 1630.00 Butane (EdmJgal) 53.00 53.00 41SO Indlumll"9lt(kg) 220.00 220.00 220.00 Un.Gas(NYH./gal) 72.40 72.00 67.35 Manganese (Ine) 1450.00 1450.00 1450.00 0'1 MeraJry flask l55..OO l55.00 l55..OO I Daily'" MoIybd.ferr.(1cg) 9.80 9.80 9.80 {CS per barreQ in USS dlII1I\I! (;AJidsilver 2 . 00.0 : 0 . 26 : 0.00 265.00 It soor (~r) 30.05 30.05 30.84 ~ rvl Ruth:!nlJm (Ol) 40.00 40.00 40.00 It SWl!et \cdm.) 3Ll6 3Ll6 31% I =--=--T-:----~~~-"r..,..---~---l!lll7i :~ ~= Z: ~c!m!~ 23.00 Z2.~ Z1l5 Bonds \N bJ ,OJ$, for iN~ J ~1 J 'J:W o Trtanlrm (kilo) 6.80 6.8J 6.80 Arabmed 1985 19.85 2O..SO Su1>1)fted by Secunttes Valuation Co. from RBe Dominion SeeUhtlesTnc~lnternatl~~aJ from Reuters ZJ5Z5 :0.08 Tungsten PO'II\:!er 12.69 J21I) 12.69 B<ror It. ll45 23.Z5 23.8l l5835 016 T ._ _ 1_ Benctvnarl< ISSUeS. as aes~ted by the B<wll< lSS87 riI mill........ WestTexasllt 23.60 23.60 Z4.25 "f Canada. are listed in boldface. (N)-new JJ'07l! O.lJl (US certs per Il uriess staled) tInti o 1l56O '024 AraOO coffee ll5.5O llS.83 120.92 (US ce: .-il bencttmarl<. (O)-<lld gal) Canada )1)2. ROOustacoffee 6915 70JS 6915 Y'-' riI Cocoa (lJSS/tne) l.643.OO 1643..00 Jfil1J1J u.s.GulI 67.95 67.90 6915 o.K ;.:mu 0.06 Sugar World 11 11.47 ll.5O ll.38 NVHarbor 70J0 71..00 ms o.K 13S29 .: Canada grains U.s. lumber o.K !.lli648 III (CS per ttm! at llUlder Bay) {\S) o.K :.3lSOO Canaa 4al.OO 41o.«l 407.so Random ~ 465.00 480.00 5O!i.OO o.K lXl278 ~~ flax 382.20 38l..JI) 3Sl.5O Coastlen-ir 540J1J S4S.OO sso.oo <M-C Jlll82 'Met lJ2.SI) lJl.l) l7S.8O WstmsprllC1!1ll!'le 37ll.OO 398.00 4ZS.OO canada U'l66 nl Canada (0) :..!llZl. .01l9 canada .l.OO72 J2l!J7 .~: Convertible Debentures Canada(N) Jll2Il9 riI Selecte<l quat.8ttOns an actMlIytr_-... supplied by RBC Dominion Securities Inc. Canada J1!l77 -014 80IId % sa.. C-, c-. canada ~ Se!l1l98 .:JI71 .1l.O7 '-1IisthI!r Mabnity CoIIp. IIrice Prem. Y"Jeld price ratio Price c.nada (N) ll' .0.02 AGF ~ OTC ll-NoI>-QJ 6.JS 15IlOO .1.56 2114 32.00 416 IJl!1J Canada 'Jll'i4 t.:Pco*~/NIS)NJ 27-.1i!1Kl4 3.50 92.63 lB.6S 471. 14.IXJ S.58 1793 canada .O~ Pqa IrdJSIJies OTC l·tbt-Ol &.00 l.Zl27 ill 149 lO.6O ll.ll 9.00 canada Ai- Canada AC..IlB I TSC, ME 2O-Apr-ffi &.00 lW.50 62:ll. 6.5l 5.4> l2!IJ &.00 canada nl AnviRangeARO.llB/1;C 17..Jan.02 8$ 743) Zlll5 l5.CJ5 1JI) 14.00 7.1.0 c.nada(0) -o.5l AvenorAVR.08/lSE,ME 8-feb.04 7!IJ 12050 J.S.26 4.17 Z3.OO 4.55 2Z.IXJ t.anada(N) ·\116 BemaGdd-BGO.tJB.U/1;C 23-feb.OO 7!IJ 'mJ!J 0.00 0.00 416 4ll.78 Wi canada -0.25 Canbridge SIqI CBG.IlB 11;C l-Mar-03 &.00 lOO.7S ll.a.54 7.114 l2.OO 184 26.03 .0.02 amrilgeSlqlOlG.DB.A/1;C 1..m04 7!IJ 99!IJ 194.44 791 l2.OO 2..82 3S.SJ. canada canilridgeSlq)<llG.DB.8/1;C 1-Mar-04 6.00 SO.73 i!lJ.J. 7.69 l2.OO 4.44 Z2.5O Canada canam Manac OTC l-Sep-98 8.50 1llS.OO lS2.69 5.47 4.C6 l!l26 915 Canada C3scadesCAS.08/lSE,ME J9.Aug-Ql 725 lZ2.7S 3..62 143 7.70 l5.38 6!IJ Canada _ = __ on WestemBanlcLW8.00/1;C lS-Apr-Q6 6.JS ll625 llJ8 4.60 l.3Jl) 8Jl) l2!IJ Canada AS Ceroeflnj CFEOO.A I TSE ~ 8.50 lO6.68 l.6.&5 7.54 14.lS 6.45 l5Sl Ca1ada ~ crcF a=.08 / TSC, ME ll-MarOl 7.50 l1S.Ol l2.2O SJ17 3l.5O 5.00 2O.IXl Canada ~ oUI1104 :s.'::~OTC it: :: ~ ~ ~ ~ ~ i: canada 0.:: IlevIeIcOTC :J}.A(Jr-98 8Jl) llll.OO lB8.I9 577 4.2B a.:n lZ.IXJ c.nada(0) DancoIndDOC.llB/TSE,ME lS-Aclr-Qi 8.50 119.88 l3l.36 5.Sl 11.4> 4.55 22.IJ) CaIada(N) 4.l9lO7 ~~fIlIUR/lSE 3l-May-06 7.00 9Q.OO -145 2.49 7.70 lJl.lB SSl Canada lO46Ol E!dcraOOGoId*ott: l-H0w-04 8.2S m:n 0.00 0.00 617 3077 1.25 Canada. Emco IrO.1sIriI!s ott: :J}.1t!r"-02 7.25 98.00 l2llD 7J 1 am 5.41 l8$ Canada IIJ)] EmcoIrO.1slril!sOTC 3l~ 8Jl) lOl.IlI n/a 7Jl am n/a n/a Canada Harmac Pacifi: HRC.Il8/lSE, ME 4-Oct-04 8.00 107.00 47.13 6.8l l2.OO 6.06 JA!i) c.nada (0) - ~II.G.08/TSE 1·fbJ}8 7.00 107!IJ -o.:2Il 2!}7 l8..8S 5Jl l.6.fil c.nada(N) fdinger* H!.Qf.O HASlAQ s-tb-13 0.00 34.lll -'lS.7O 6.l3 8..63 2.7l 36.84 Horsham- HSM.DB.U IlSE,ME J.8.1'b'-18 125 lO2.S6 6.63 3m 79£ 1.25 ll.1JIl ProY1nclal :-s:;; Horsham*HSM.DB.V/TSE,ME 29-Jan.21 3.00 lln.ln 8..63 2J8 79£ 1Zl :n.oo Allert! lnro-N.J.6.N/NYSE lS-Mar-16 715 106.00 17111 7J7 34..63 2.61. 38.2S Allert! L2956 lnmetlMN.08/lSE,ME ~ 7.50 lOl.l3 82.\16 7JJl. 7.fJ) 7:ll ll.7S BrCobltia 94.2l lrrnet on: 29-5EJHl7 5.00 78.00 ll8.O9 8.llI 7.fJ) 411 2l.2S 14561 lvacoOTC lS-Ap--1O 6.JS 96.00 17.70 711 26.lO 113 32.00 BrCobltia NA We/~OTC ~ 715 lD4.25 23l6O 5JJ5 3JS a.:n lZ.IXJ BrCobltia -- Mac Ilk> OTC l-Mar67 5.00 89.00 3l.39 6.47 l.9lO 149 2ll.6l Br CobItia __ Ma<Jlallt.IWill!/TSE s-.u-os 725 I.36.Ill ll.2S 256 73.65 L66 602S BrCobltia 0J7l9 Martdlorouo;;l Prop M'I.OO I TSE, ME 11-Mar-04 6.IXI J9..85 466.2l. 9.95 0.55 2S.64 lSI) Br CobItia 72J1 NOOIeOinaon: l>-ftJoMJ4 9.00 8J.lX) 1\6.82 l2.87 l!!i 12.90 715 BrCcimDa ll239 Itr.nIa OTC 29-Apr-(fl 5.00 lOO.OO lO.59 5.00 31..65 Z.86 3SlXl NA I'tJmac&1ergyOTC lS-1t!r"-02 7.00 99.00 128.46 7ZJ 5.BS 7.41 ll!IJ BrCobltia PegasusGold*ott: :J}.1t!r"-02 6.2S 94..00 'JJJ1 71:3. 9..J1 6.70 14.92 CrCobltia _ ~OTC :».bI-98 9.00 98.00 'l26IiJ lO.38 5.lD 5.88 17.00 NewBnmwi:X 9.12 Re!laIl*OTC 1-Au9-97 8.5l 99.50 3l.69 9.24 5.lD 14.8l 6.JS Newfwdard IIl.oo ~2SIIll l.l8.9O 'RogersCommott: 1·Sep-99 7.50 98.00 96.l3 &32 1ll3S 4.8l 2O.7l ~ u.oo C1Ited IU;seI~OTC 3l-Oct-99 9.00 lO2..Ill 41ll.OO 8.2l 3JI) 5.41 l.8.5O lQaSallia ~ SlsrttOTC lS-DeI:-Il6 6.00 S3.IXJ l56.85 5.99 3JI) lll.S3 9.50 lQaSallia St. Laurent Pap SPI.08/lSE, ME l5-.Ut04 &.00 147.00 141 141 Z2.5O 6.44 lS.S3 IQa SalIia Ted;(apT8<.D8/TSE lJo-Sep-21 3.00 llll.6l I(Jg7 2.91 34J8 2JJl 48.l9 (WHyd !3 Tedc(ap* OTC ~ 3JS llaJIi 6:8 1.68 2192 4.66 2148 Tee-Coovn8eclB'tOO/TSE 9-MayIOl 9!IJ 8915 57.47 1257 aJS 6.8l 10\65 (WHyd Il Tembec1BC.OO rrsc, ME 1.Aug-Ql 7.50 ll6.II) 214> 4.68 9.4> lO..OO lO..OO (WHyd !l Tembec*TBC.08.U/lSE,ME 3l-MaJ-(13 ~ 1llS.OO 23.3S 5.57 6.W lU7 s.zz (WHyd ~ l1lm'narIc1HN.!lB/lSE 3l..Jan.'J8 8.00 lOO.lS llll 7.83 26.lO 145 29.00 (WHyd 1 lAs1I!r ~ llP..IlI/lSE 1..m04 7.50 l22.IXJ l8.6l 4.07 1D..8O 9.52 llJ!IJ (W Hyd S Premium II st_ a• "",centop end I. tile _lit P'.id In e.cess of the market ••i ue of tile (XQriJ i bond'S underlyinc .h. ..... Vield .,.. calculated to mawrrty.· US$ ()tiri:J I How to read the Options, Index Options, Futures Prices and ()tiri:J ()tiri:J Futures OptiQns tables (XQriJ Futures prices open inteiest reflects pre\'iOUS trading day CB01' - Chicago ()tiri:J Board of Trade: CME - Chicago Mercantile Exchange: COMEX - New York (XQriJ Commodity Exchange; FlNIX - Financlal Instruments Exchange; IMM - PEl Intemational Money Market: CSCI- Coffee. Sugar. Cocoa Exchange; KBOT -~ 9.25 Kansas. City. Board of Trade.: MPLS - MiMeapolis Grain Exchange; ME - ~ 8$ Montreal Exchange; NYCE - New York Cotton Exchange; NYME - New York QSa: ., Mercantile Exchange; NYFI - New York Futures Exchange; r - option not QuebeI: "' t~;:'.'J!!'~.riiui:ltion Offered:,{...,;,tAirmtD: si-Dc:k,UCbaoge; mE ':'v.tQt:Qtlto: 1.Wec. f"'; ~re~'f!;reffi!ilg~; V ? . . -. i. Van€tb~''9 . f . , ~ :: k , ~ .... 8"/IIe; I(IP~,... WIlWiij)e't . "-/ ~ity~. ~. ~~ ~ ~ '!:: .. >.- --' r ,.

J..J' '.'1..'> 5.S3 5.48 ---- ,.."UI 6-month 5.52 5.5l S.so 559 5.31 5.00 5.00 511 B k R t an a es Canada U.s. Barhi Can. rate 125 DisoJunt rate 5.00 Prev. oIn COfl\l. 2.98 Prime rate 8.2S Prime rate 4.7S FedFunds 5.38 CaD lDan Average 105 eoa,oa Mat. Date Bid S Yld% COIIpon Mat. Date Bid S Yld% QuebeI: 9.25 ArK lIll2 l.l6.9S 5.S3 n......... 7!IJ "-VOl ,no... ,,,., .......... ""'"......... u.uL bencttmarl< QuebeI: 9:Jl Jan 16123 12.utl 7.25 QuebeI: 9!IJ Marlll23 l26.lS 72h 6.00 0eI:lJ98 10199 191 Quebel:HyQ-o lOlI7 ..ltI2SIIll l22.94 0.00 8.2S M,j3/99 lW.86 4.3J. Sask3tI:hewan 8J2 Feb4197 lOO.89 lSI) 8$ 0eI: lm llll4 4.49 -=eo-rpo--rat-=-e-------aoo Mil" 1100 ll2.S4 4.59 .:;.z.:.r..:=-=-_______ am.AJn llIOO 11141 4.69 /IGf 9.50 M,j W04 U!l.58 6.12 715 OeI:1IOO llll.l2 4.93 AlaNatGas 8.4> .-AlSI1D ll2.B2 6.OZ 7!IJ JAlI97 l.O2.6O lOl Avcom 8J5 MarlSlOO lll.6O US 7.00 Sep l5J97 lO3.O1 3.1% BC Gas 8$ AI1J2MIZ 11145 5Jl 6.2S Feb 1198 1!l3.37 129 aC G as 8.lS ~ 21VIl3 lll.5lI 6.Ol 6.00 MarlSM lJll.lD l36 aCTei 715..lt1lS1'il8 1I52l. 3.89 lOJS Mil"lSI98 lW.24 3..37 BCTei 9.65 ArK8fl2 129..J1 7.13 1ll4.64 174 00: 9.00 AI1J28197 lll4.l2 3.ll a.oo liM IJ98 107.69 3.81 00: 7.12 May 1198 l.O4.65 3.n SJS Mar IJ99 l.O169 4..02 00: 8.9S Apr lIll2 llSJl 5.62 715 Se!llm lO8.B4 4.3J. Bel 9.50 J:JnlSlO2 l.l8.l3 SlO 9.25 0eI: lm lll.36 4.44 Bel dl4 9.45 Mar lIll 11777 6.45 8$ Mil" 1100 l.ll.lll 4.54 Bel 9.70 0eI: l.SI32 lJI.86 7.21 7SJ SepllOO 10926 4.71 BkofMonlreal 8.BS oUIVOl ll5.S5 5.93 7SJ MarlJOl 109.55 4.'17 llkolMmreal101lS OeI:l!IlJaI lJot.5l 6.64 915 .MI1I01 lJ.&]O s.os BkolNS 8.1.0 Mar2Wl ll1.65 5.86 9.50 Oct 1101 ll8.2S ill SkoiNS &90 oUIZlf2S lZI.2D 711 9.75 0eI:1I01 119.86 ill Bonflanier 8..JI ..ltI21VIl3 ll2.62 5.'11 8$ Apr 1102 11416 5.28 OBC llO Mar 10(04 llI5!7 6DJ 7.25 oUIVOl l.llI.91 5.59 OBC 9.65 Octllll4 l26Sl 7m 7!IJ OeI:lIlIl l1!l.39 5.68 OiIWiIies 8.41 .l.IIlIll'i llSlS 6.12 l1l.2S Feb 1104 l26.41 5Jl Oil Wiies 94> May 1123 127.64 7J J1 l.04.2I. S.lJ) Cons. Gas 7.55 0eI: l.SI97 lO4l9 14> 9.00 0eI:1I04 mal SAl 1Pl&ew~ 83l Feb~4 ll2.l9 7JJ 8J5 DeclJOS U9J2 5.'11 ImascoUd. 8.l7 .l.IIZW! ll2JIl S!I1 7.00 DeclJ06 101.00 6.06 Mc$n8rew 83l Marl.l103 llll7 6Jl3 9!IJ.bIl/lD 127..85 (J) Ib1temTeI 7.16 MarIllJ98 lOO7 3S1 9.00 Marllll lZl.S2 6.45 IQa 8..JI..ltIlSI1D 1l2.S7 S!I1 l1l.2S Mar l!iIl4 137.84 6.56 IQa Scotia Pw 7.70 Oct lSI1D 1llI.96 6.lJI 915 oUIl1Zl 136..23 6J2 0shiJwa~ 8.2S .l.IIllIIB U2JJ1 6.IXI a.oo .,.., JJZJ llS.90 6.7l Vll5 1l6.8S 6.2ti 9.00 .,.., IJ2S l2U4 6.]S ParClnI'tlt 8.i'5 ,.\1 , IlDJal BanIc lll!IJ Mar lIll2 l2223 5.S5 ' .... Seq.lmltd 9.00 OeI:lSI98 lW.56 4.06 6.00 MarI/99 lD4.l6 4.04 T·OBalWc:97 9lO MiJylSlO2 l£I2Jl lQ3 8$ Se!llm llO..73 4.3J. TaisnmEr1!rg 9.45 0eI:Z2199 l.llS4 4..64 7.00 Mar2/9ll lO4.33 142 TalismanEr1!rg 9.l1l 0eI:2'1Jll4 J.22.IV 6:ll . 7.00 oUI9199 l.O6.8l 4.l2 TeIe9dle aJS.m2lllll3 ll211 6.Il6 J.Q.lS AI1J29/1ll tn.6l ill 1IIlmsm 7!X1 Sep17102 111138 5.76 9.00 Jan 9102 l16.l2 S3S 1IIlmsm 9JS ~ 6104 117.00 6:8 715 .bIl6I1l3 llll14 SJS TrCda~ 9.45 MaralllB 124.25 7ZJ 9.00 .bI2I/04 118.24 5.96 Transaia uti aJS 0eI: lSI1D lllB3 5.92 9!IJ Jan91l2 l26:z7 6Jl lftlnGas 9.70 NaJ6Il7 l26.9O 7]9 . . 8$ M,jZ3/l3 117]9 617 lftlnGas 8J5 1<Jg3fl8 l.l6.9S 7]9 9.00 1<Jg23124 124.66 .6.S8 Westroastf:re' 9!X1 JanlOl2O 129.58 7.24 Alrllll2 ll6J1 5.47 International 5.3S =====-------FeblSll2 137m 7.00 Austraia 7.00 lSAOO1998 llJl9C 6.4) 9.87 Mar lJ'j6 107.68 3.Sl. Austraia 8J5 lSJAN2IJll IDU'8 6.78 8.2S OeI:lIll'i ll177 6.23 AusIraia 6.JS lSICf:m6 '11Jl 7.16 9.fJ) Jan:ll!22 129111 7111 8ri3in 7.00 II MAR 1998 llXl1B 6.64 7.25 Mar31/98 lO4.82 1~ 8ri3in 7.00 O61«JV2IJll 99.45 7.13 . lOO.O6 ~ 9.62 1<Jg3199 lll2I. 4.33 8ri3in 7!IJ IllOft:m6 7_ 9.00 ArK16I1l2 ll6.3S 5.45 f1'lIn! 4!IJ 12OCTl9'i6 lO1.21 178 9.00 .Ail241\J2 l16.69 5.48 f1'lIn! SSl 12OCT2IJll lJllDot 4J8 ~--llll2 Oct1Sl2l l36.47 7.D1 fr.n'.e 6!IJ 2SOCT:m6 1ll5.33 5J8 &90 I<Jg l8fl2 l22.28 7m GerInany 3.!il 18 sa> 19'i6 99..85 lSlI 8J5 Apr 161'11 lO2.l4 2.SO GerInany 5.00 21.MAYl!OOl 1Dl.S6 4.59 8Jl) Marl.l103 lll.CJ5 5JO GerInany 6.25 26A1'R:m6 105.99 5.41 8J5 Apr221D3 1lS93 5.73 IIaIy 8.2S Ol.RJ.999 lO4.33 ~ 715 Dec 8IlXJ llil.86 S.ll4 llaIy 8.2S 0l.R l!OOl ms.D4 6.IIl 9.00 Se!l1SlO4 ll8.46 6.00 llaIy 8J5 0l.n.:m6 lLa64 7.fJ) 8.1.0 Se!l8123 ll3.oo 7JJl. Japan s.oo 2lsa>l9'i6 107]6 Q.62 1';" .-7!IJ 1i!b7lZ4 lO5J6 7m Japan 6.ll ZlSEPl!OOl l2l.Sl lofJ 915 ArKllIIl2 119.26 S.58 Japan 120 ZlSEPlro6 lO493 251 Mar J&Il3 l22.ll 6.94 u.s. 5.63 llOOVl998 9994 5.66 AcKJ./97. 101.82 2.89 u.s. 5.88lSl«JVJ.999 lOO.3l 5.76 IlOO Mar ll/98 10577 3.!il u.s. 5.88 II KlV2IJll 99.84 5.9l l1l.2S Apr 7/98 lQlJS 153 u.s. 7.00 lS.R:m6 lO6lIS 6J6 :6.00 :' Aprlm )Ql~ ~ 4.l9 u.s;:., .&.r;n ~/Y"f"'" .... - .--r'll. jn"" .. - .-. --

~N~~ ..... w L.L.W LUJ;J t'T~le \tUiIL/YdI} O'i.VU O'l.W O'1.W -0.64 -0]0 Gallium ingot 345.00 345.00 34S.OO Butane (Sar jgaO 55.00 55.00 55.00 GennaI1lJm (kg) 1630.00 l63Q.00 1630.00 Butane (Edm./gaO 53.00 53.00 53.00 IndlJm ingot (kg) 220.00 22Q.00 220.00 dsd. 7240 68..80 Un.Gas 'Y (NYltlgaO ~(tne) 145QOO 1450.00 l45QOO IlasIc 1.55.DO Oil 155.00 Mercury l.5S.OO DaiIy"- (CS per barreO Ferr. moo 9.8) MoIybd. (kg) 9.80 CS InUSS cbqtt II swr (Cromer) 30.05 ?JJ.DS 3 3 ~ 260.00 260.00 265.00 'If} O'(XX)645 o.OJ RutheniJm (Ol) 40.00 40.00 II sweet (Edm) 3Ll6 3Ll6 4QOO '.65 Q03I.66-0.32 m SeJenum 2.50 2.50 2.50 (1JSS per barrel) Q.39S9 0.04 Ta nIalite 26.00 26.00 26.00 Brentaude dsd. 23.00 23.l5 J.:2 2JlI15-O.ll TIIaniJrn (IciIo) 6.BO 6.ID 6.BO Arabmed. dsd. 19.85 2Q.OO 3044 0.5822-012 Tungsten J)(mder 1269 l2.69 1269 llonrPi It dsd. 23.45 2l6O 'i26 05S87 rjI Tropicals West Texas int dsd. 2l6O 23.90 i56 0.7093 021 (US celis per Ib 00ess stlted) HeatinCoil Jl3 0.l56l O.ll Arabica coffee ll5.42 ll5.5O 120.08 (US cents per gal) J6l o.02l115 nil ROOusta CXltiee 69.00 6915 70.50 U.s.GuH dsd. 67.95 70.35 l1J 0.03!ll6 -0.13 Cocoa (US$/tne) 1643.00 164lOO 1630.00 NY Harbor dsd. 70.70 7l5O 7Jl. 03Sl2 .0.47 Sugar Worfd 11 11.47 11.47 11.33 U.s. lumber 370 0.00646-037 :.16 Q.3868S 017 Canada grains (1JSS) 374 Q'(XJ0278 -014 (CS per tome at lhJnder Bay) Random Ierigtt6 dsd. 465.00 505.00 244 0.000l.8l. -0.05 CaMIa na. 408.00 414.70 Coast hem.-fir dsd. 54Q.00 sso.oo m 0.2666 niJ flax na. 382.20 384.90 Wstm~pine dsd. 378.00 425.00 ill 0.0320 -0.30 W o.oon-Q.lS 150 01l90-032 Convertible Debentures l26 0.001207 -021 SelectflO quotatoons on actovely tradecl debentures. supplied by RBC DominIon Securotoes Inc. )44 0.00775-032 BoIId % Share Coav. CoDY. ?3l 0.01767-0.ll Issuerllisting Maturity Coup. price Prem. Yield price ratio Price ill 01492 -0.42 AGf Management orc lJ.N0v-08 6.75 149.00 -0.67 2.11 31.50 4J6 20..97 ~ 0.0364 -O.OJ Aglico* A£GGf/NASDAQ 27-Jan-04 3.50 92.50 18.49 415 14.00 5.S8 17.93 i2l3 0.0392 -0.12 Ag-a lndustnes OTe i l J -NI : 1M :: ll : 8.0 0 124.15 2.06 2.73 lQ.95 llll 1.95 0.1629 niJ :WCa=~~ME ~~ ~ J.~ ~~ i: ~~ Canada (0) 132 QooOOO98 -0.27 Avenor AVR.OBlTSE, ME 8-Feb-04 7.50 ll8.5O 13.35 4.46 2lOO 4.55 22.00 236 0.002l2 nil Bema G(W BGO.DB.UfTSE 28-feb-OO 7.50 246.8) 0.00 0.00 5.06 48.78 1'S3 L2S84 -Q24 CambridgeShopCBG.DBflSE I-Mar-03 8.00 99.63 ll6.lO 8.07 12.00 184 26.03 m 0.0000-100.00 CambridgeShopCBG.DB.A/TSE 1-Jun-04 7.50 9915 J.93JO 7.63 1200 2.82 35.5l CambridgeShopOlG.DB.Bl1SE l-Mar-ll4 6.00 90.88 70.39 7.(1, 1200 4.44 22.50 CanamManacOrc l-Sep-98 8.50 lO5.oo 152.69 5.47 4.05 lQ.26 Cascades CAS.OBITSE, ME 19-Au9-OJ 715 12200 5.73 354 7.50 15.38 es Cdn. Western Bank CW1l.OBITSE J.5.Apr.Q6 615 ll6.ID 14.06 453 l2.m 8.00 1250 Sw. fro A $ CenIrefuod at.DB.A/TSE 3O-N0v-06 8.50 lO6.93 J.6.3O 7.so 1415 6.45 15.50 L04089 L0928S CfCFCF.OBITSE,ME 31-May-04 7.50 ll5.oo 12.20 5.07 20.50 5.00 20.00 0J7220 08l.O75 Die HeiCopters orc 31-Aug-07 8.00 96.00 80.00 8.57 6.40 8.33 1200 . Cons. EnfoeidOrc 31-Mar-ll2 8.00 9100 3204 9.71 0.38 7.41 ll50 l.lB243 124146 Devtek Ole lJ.Apr-98 8.00 1Ol00 l88J9 577 4.28 8.33 1200 8718 { 9 = 2.l6 Domeo lnd DOCDBITSE, ME J.5.Apr-05 8.50 116.00 12194 6.04 11.50 4.55 22.00 0.45940 0.48233 ~ GrOOll EPR..lR/TSE 31-May-06 7.00 92.50 -L58 225 7.85 l8..l8 4.0l544 8d<raoo GoId* OTC 1-N0Y-Q4 8.2S 208.ll 0.00 0.00 677?JJ77 09 m 5245 Emco.lndtstnesOrc lJ.Apr-ll2 715 98.00 ll5.83 7.71 8.40 5.41 1.8.50 45945 Emco lnMtnes orc 31-Dec-110 8.00 101.00 n/a 7.7l 8.40 n/a _ ____. _ Harmac PacdlC HRCOBlTSE, ME 4-(Xt-ll4 8.00 lO6.45 45.76 6.92 12.05 6.06 16.50 HoibngerHlG.DBfTSE l-N0¥-98 7.00 10715 ()3) 2.83 l8.ID 5.7l 16.62 HoIIinger* HLGIf.O NASDAQ 5-NoY-13 0.00 34.81 48.70 6.33 8.63 2.7l 36.84 I ProvincIal te. Horsham* TZH.ORUITSE, ME I.8-NoY-18 325 1OlJ5 6.68 3.14 29.38 315 :ruo AIlerta ------1 Horsham* TZH.DB.VITSE, ME 29-Ja0.21 3.00 103.01 8.7l 283 29.38 3.23 3l.OO "'II" ...,.. S..yr Inco*N.I.6.N/NVSE J.5.Mar-16 715 lO6.OO 1.6.26 7JJ 34.88 2.61 38.25 :oJ l2920 1.2970 lnmetlMN.OBITSE,ME 25-Jul.99 7.50 lOllS 84.2l 7.01 755 7.27 ll75 c.28 97.28 94.58 lnmetOle 29-Sep-07 5.00 78.00 11954 8.08 7.55 4.7l 2125 i9) L4514 L4565 IvacoOle J.5.Apr-lO 6.75 96.00 1.6.58 7.12 26.35 ill 32.00 KaufeJGroupOTC 2&JuI.98 715 104.25 23l6O 5.05 315 8.33 1200 1a. na. na. Mac BIo Ole l-May-Ol 5.00 89.00 3235 6.47 1915 3.49 28.63 I M agiaIrt.MG.OBITSE 5-JuI.05 715 l38.oo 9.04 235 76.25 L(I, 60.25 1'52 Q7740 0.7710 ~PropMPI.DBl1SE,ME 11-Mar-04 6.00 79.90 466.56 9.94 o.ss 25.64 14 75.29 7292 NobIeO»naOle lJ.N0Y-Q4 9.00 81.00 102.50 12.87 110 1290 Ill6 l.l234 11230 Noranda orc 29-Apr-Ol 5.00 lOO.OO. 9.55 5.00 3L95 2.86 35.00 1a. na. n.a. I'ilmacEnergyOTC J.5.Apr-()2 7.00 99.00 l3Q.43 723 s.m 7.41 ll50 I'I!gasJs GoId* Ole lJ.Apr-()2 6.25 94.00 SQ77 7.62 93) 6.70 14.!i2 Repap Ole l)..Jun.98 9.00 98.00 2ll«l lQ.39 5.35 5.88 17.00 Irities Repap* OTC l-Aug-97 8.50 99.50 25.54 9.24 5.35 14.81 I R ogers Comm orc l-Sep-99 7.50 98.00 96.13 8.32 lQ.3S 4.83 2O.7l ~1 million. IndJeatod Russej Metals Ole 3Hld-99 9.00 lO2.OO 39911 8.2l 3.78 5.41 18.50 53.70 3.78 111 maturity date. ShenittSlR/1SE J.5.llec-06 6.00 l53.l9 5.90 lQ.53 YIfIId - StLaurenlPapSPI.DlllTSE,ME J.5.Jun-04 8.00 1.50.00 173 l.O8 22.45 6.44 1553 Teck Cap lB<.IlBITSE lJ.Sep-21 3.00 lO2.7'5 40.87 284 35.l9 Wl 48.l9 Teck Cap* Ole J.5..JuI.06 3.7S 117.34 6.32 -1.73 2l8l 4.66 21.48 ()t Hyd 4 2.82 8 2.82, Tee-Comm EIec TEN.OBITSE 9-May-lll 9.50 89.00 58.04 1282 8.2S 6.83 14.65 Tembec TSCOBITSE, ME l-Aug-()3 7.50 117.00 24.47 452 9.40 lQ.OO lQ.OO 3 3.20 o Tembec* TSCOB.UITSE. ME 3l-May-03 6.50 lffiIXl 2135 5.57 6.99 1217 186 llxmnarkTHN.OBllSC 3l.Jan.98 8.00 llXl.2O lQ.28 7.8) 26.35 3.45 29.00 Ontario' 6 4.07. 1 UlsII!l' Petroleum UlP.llBIlSE l-Jun-04 7.50 12200 l8.6l 4.07 lO.m 952 lQ.5O 4.ll 6 4.l6 :~~:~~:e~!~t;: :hsa:e:~~~:~~:I:r:~:I~~::t~:'::~t:~~~.i~ ~x::ss of the market value of the 1 5.05 7 5.OJ How to read the Options, Index Options, Futures Prices and Ontario 8 6..52 Futures Options tables Futures prices open interest reflects previous trading day . CBOT - Chicago 2.'11 Board of Trade: CME - Chicago Mercantile Exchange: COMO. - New York : i~ Commodity Exchange; FINEX - Financiai Instruments Exchange; IMM - 4 International Money Market; esCE - Coffee, Sugar, Cocoa Exchange; KBOT - 7 ~~ Kansas City Board of Trade.; MPLS - Minneapolis Grain Exchange; M. E -I Quebec (}- .;;' :, ',u6 M6ntreal.El!'cl\shge:'.NYCE':-'I'lIew York: Co\1on Ixetlange; NYME~'New Vorl< ~ . 6!00 4' 'r' ,-, s:tJOI M.rcan.tile Excha~e:, NYFE - New Y0r'< Futures!.fxctlan~e; ... J-: optiOll·n 7' ,r J'.<. 5_OS .~ traded;_. - 1)0 QPtlbn offered; T. - TorontP Stock Q.ctIalIglt; sus. ~';-oronto ~ l.08ti1! pcti!if(lL tUliS :f "", •. )\' 5..28.-;:.": Fut~u~eS ~Ai~-l ,,~""\ \ltiA&>tlver /itol!HKcbaQie ' ·\W?.G.-;·lliiAIIiPfIi- Qllebl~-.A~~~ tlli'A ~ ',u.s.

u,)) uverrngrn :>'D ~..jJ. ~.U\J ~.ou I-month 5.3l 5.26 5.23 5.06 Bank Rates 3-month 5.37 5.S3 5.50 5.3S 6-month 5.4l 5.42 5.40 5.28 Canada u.s. CS 3-month 2.f37 2J2 290 123 Bank at Can. rate 3.2S OiscaJnt rate 5.00 OM 3-morih 3.00 3.00 lOS 3.07 Prev. oln COf1ll. 101 Ptime rate 8.25 )'EN 3-month Q.33 Q36 0.46 Q34 Prime rate 4J5 Fed funds n.a. 0 L J l l 6 j GBP 3-m _ onth _ 6.43 6.l8 6.3l _ 6 .l5 _ Cau loan Ave ___ r age 3.2S Bonds N.c\d;l q fc;;:: i\J CM J2. ~ SUPPlied by Securities Valuation Co. from ABC Dominion Securities InC./lnternatlonal from Aeute,s Coupon Mat. Date Bid S Y1d% Coupon Mat. Date Bid S Y1d% Benchmark Issues. as des1gl1ated by tile Bank Quebec 9:Il Jan 16/23 124.45 7.27 of Canada. are listed In boldface. (N)-new Quebec 9.50 Mar ll/23 125.90 7.28 benclvnark. (O}-<>Id benclvnark Quebec Hycio 1.0.87 Jul25I0l 12269 0.00 Canada SasI:atd1!wan ill reb 4197 lOQ87 2.92 Q,lHC 6.00 Dec l/98 lJl4.OO 3.90 (J,IHC 8.2S Augll99 1.09.87 43J Corporate (J,IHC 8.50 Dec 1199 lll.l6 4.48 PGr 9.50 Aug 24104 l2O.66 6.lO 112.90 6.01 o.1HC 8.!Il Mar 1100 ll2S6 4.58 Alta Nat Gas 8.40 JullSlOJ o.1HC 8.20 Jun ll/OO 11146 4.68 Aveo fin 8.75 Mar 15/00 lll.65 4.86 o.1HC 715 Dec 1100 llO.l7 4.91 Be Gas 8.50 Aug 26/02 lll55 5.69 Canada 7.50 JullI97 10255 104 Be Gas 8.lS Jul28I03 lll.66 6.00 CaNdiI (0) 7.00 Sep lSI97 102.97 3.13 BeTel 715 JuilS/98 105.22 l88 Canada 6.25 reb l/98 103.36 129 BeTel 9.65 Apr 8122 12915 714 =:(N) ~ == ~~ ~ sa 9.00 Aug 28/97 lO4.lO 3.31 Canada 6.50 Sep l/98 lD4.63 173 sa 7.12 May 1198 lO4.65 17l CaNdiI (N) 800 Novll98 107.67 3.80 sa 8.95 Apr 1102 ll5.22 5.60 Canada 515 Mar 1199 103.69 4.01 BeU 9.50 Jun lSI02 ll8.42 5.S8 Canada 715 Sep 1199 108.85 43) BeU c04 9.45 Mar 1111 117]4 6.45 Canada 915 Dec 1199 lll38 4.43 Bell 9.70 Dec lSI32 l3l..ID 711 9.00 Canada 8.50 Mar 1100 lll.83 453 Sk of Montreal 8.85 Jun lIOJ ll5.63 5.92 7SJ SeplJOO 109.29 4.76 BkafMontreaIlD.85 Dec~l/OS l34.26 6.67 Canada (N) 7SJ Mar 1."ll 109.58 4.96 Skaf N S 8.10 Mar 24/03 lll.73 5.85 2.05 Canada 915 Jun 1101 ll&.73 5.04 Bk of N S 8.90 Jun 20/25 l2Q.43 7ZJ Canada 9.50 (XtJ/Ol l.1&.ll 516 Bombar<ler 8.ll Jul28/OJ ll27l 5.96 Canada 915 Dec 1101 119.90 5.1B aBC 7.10 Mar 10/04 105.95 6.07 Canada 8.50 AprJ/02 114.80 5.27 OBC 965 (Xt3l/14 126.48 7.03 915 Canada 715 J00llOJ 108.90 Sill CdnlJtJ!b!s &43 Junl105 6.50 Canada 7.50 Dec lIOJ llQ.37 5.68 ll5.22 6.ll Canada 1015 Feb 1104 l26.38 5.7l Cdn UtWbes 9.40 May 1123 127.59 7.08 Canada 6.50 Jun 1104 lO4l9 s.m Cons. Gas 755 Dec 15/97 lO4l7 3.41 Canada 900 Decl104 11998 5.34 lPlf1ler!lfc96 8.20 FeblSl24 ll2l5 7.1B . lmasco Ud 8.37 Jun 23/OJ 112.96 5.96 Canada (0) 8.:15 OeclJOS 119.07 5.98 canada (N) 7.00 Dec; lJ06 lO6.95 6.06 Molson Brew 8.20 Mar llIOJ lll.25 6.02 Canada 9.50.)un l/lO 127.70 6.40 NorllEm Tel 7.45 Mar 10/98 lO4.78 156 5.50 Canada 9.00 Mar lIll l23.J7 6.46 Nova 8.ll JullSlOJ ll2.65 5.96 325 Canada lQ2S Mar 15/14 137.65 6.57 Nova Scotia Pw 7.70 Oct 15/OJ 1.09.05 6.07 Canada 915 Junll2l 136.02 6.73 OshawaG~ 8.25 Junll/OJ ll2l5 5.99 n/a IC anada (0) 8.00 Jun 1123 llS.JO 6.72 P3ll:al1 Pet 8.75 Noy 9/05 116 92 6.25 Canada (N) 9.00 Jun 1125 l28.O1 6J7 Ro al Bank 10.50 Mar 1102 uUz 5.53 •• y $eagam Ud 9.00 Dec 15/98 1.09.58 4.04 6.00 Mar 1199 lO4l7 4.03 T-D Bank c97 9.10 May 15/02 102.68 3.05 AIlerta 8.50 Sep 1199 llOJS 43) Talisman f:reIg 9.45 Dec 22199 ll3.58 4.63 SrColunilia 7.00 Mar2198 lO4.33 3.42 Talismanf:relg 9.8) Dec22l04 12214 6.26 SrColuOOia 7.00 Jun9/99 106.34 4.11 Te~ 8.35 Jun20/OJ J.J.23) 6.05 BrColuOOia 10.15 Aug 29/01 120.65 ill lromson 7.90 SepV/02 110.48 5.74 SrCoiJnilia 9.00 Jan9/02 ll6.l8 5.33 TlDmson 915 Jul6I04 117.29 6.25 Sr CollniJia 715 .)un l6I03 llO.73 5.76 Tr Cda ~ 9.45 Mar 2O/l8 124.22 711 SrColinilia 9.00 J\Jl2l104 llAl7 5.97 TransaJlaUtil 8.35 Dec15/OJ lll92 5.90 3.90 SrColinilia 9.50 Jan91l2 126.19 6.7l UnllnGas 9Jt1 Nov6ll7 l26.8S 7ZJ 715 BrColunilia 8.50 Aug23/l3 11711 677 UnllnGas 8.75 Auglll8 ll6.9O 7ZJ Sr CoIunilia 9.00 Aug 23/24 12455 6.98 NewllrunsNK;k 912 AprJ/02 ll6J6 5.45 WestalastEner 9.90 JanlOl2O 129.53 715 Newfoundlarxl lQ.OO Jul25/01 119.00 5.32 International 6.75 Newfoundland llOO Feb l5Il2 l36.91 7.01 Austrafia 7.00 15 AUG 1998 lOO.II6 6.45 rtMI Scoba 9.87 Mar l/98. 107.67 3.51 AusIraia 8.75 15 JAN llXll 106.79 6.83. rtMI Scotia 8.2S Dec 1105 lll72 623 Austraia. 6.75 15 t()V llXl6. 96JtI 7.12 9.50 rtMIScotia 9ioO Janlll22 128.99 7.11 .. 7.00 II MAR 1998 l1Xl18 .6.64 OntHyd 7:15 Mar3l/98 lO4.82 3.49 8riail Ont Hyd 9.62 Aug lI99 ll3.23 4.32 Ilriain 7.00 06 t()V 2OOl. 99.53' 7.11 9.00 Apr 16102 116.40 5.43 8riail 7.50 07 De::llXl6 lOO.44· 7_43 Ont Hyd'" 9.00 .)un 24/02 ll6.75 5.46 frara!' 4.SO 12 ocr 1998 101.35 173 OntHyd lQ.l2 Octl5l2l l36.37 7.01 frarce 5.50 .12 ocr 2001 l.O3.2ll. 4.75 8.22 Ont Hyd 8.90 Aug 1.8/22 l22l8 7.02 frarce 6.50 25 OCT llXl6 105.64 5.7l 8.75 Aprl6l97 lO2ll 2.92 ~ 3.50 18 S6' 1998 99.92 3.54 CXoI3rio s.oo Mar ll/O3 11194 5.7l German, s.oo 2lMAYllXll 101.73 455 Ontaril 8.75 Apr 22103 < 115.91 SJ4 German, 6.25 26 APR llXl6 lOlS7 5.74 CXoI3rio '. 715 Dec8lOJ.uo.ss. 5.84 Il:aIy 8.2S OlJUll999 lO4.l4 6.58 9.00 Sep 15/04 'll8.4l 6.00 Il:aIy 8.25 01 JUtllXll 105.64 6.90 CXoI3rio 8.lD Sep 8123 112.90 7.02 Il:aIy 8.75 01 JUtllXl6 108.24 7.66 CXoI3rio 7.50 reb7l24 105.67 7.03 5.00 21 S6' 1998 107.8) QS9 PEr 915 Afr ll/O2 119.32 5.56 Japan PEl 9.25 18/13 6.30 2l S6' llXll l2l.79 L44 Mar l22..22 6.95 Japan Quebec 8.50 Apr 1/97 1Ol.m 2.90 Japan 120 aJ SEP m lD5.38 252 Quebec am Marll/98 lIJ5]7 149 u.s. 5.63 1l1()Vl998 cIsd. clsd. 10.25 ~7/98 lO8JS 152 u.s. . 5.88 15NOVl999 dsd. cJsd. Apr]J99' IDl97 4.l9.u.s. I 5.881100vDl1. &:. cJsd. I o t~c97 10.25' May4l0l· ~ 5.37 ,u.s. I ~.oo lS..u.~ _ .&d.. .cJsd. 5.35.u.s. <SO -lS~ ".ci;d ci;d --6.75 15ALG2ll26 clsd. cJsd.

,,;ountry MeI'(1)' flask 155.00 155.00 155.00 I Oil Ferr. 10.00 Molybd. (kg) 10.00 9.80 «$ per barrel) Quu:ksUver W.oo 260.00 260.00 II sour (Oomer) 30.05 0aiIy". Rulherwm (ol) 40.00 40.00 40.00 Ll sweet. (Edm.) 3116 ,. in C$ inUSS c:IIQI SeieIIUm 2SO 2SO 2SO (USS per barrel) Tantaile 26.00 26.00 26.00 ":urol 0.000870 0.000645 0.06 Bn!ntaude 2llO Trtani.Jm (kilo) 6.80 6.80 6.80 Ar.Ib med. 19.00 .-: ;:,one) 0.04256 0.tl3156-2.16 Tungsten powder dsd. dsd. 1269 .~ Q5339 0.3958-Q..32 ~It 23.60 Tropicals 17004 2J43S.L 2l WestTexasint. 23.65 (US cenIs per Ib uriess Slated) ~ ,GIli!der) 0.7824 O58Ol·ill Hea\iacoil Arabica coffee n.a. ll5.42 llS.!D e ,Guilder) 0.7S3S 05587 ril (US cents per gal) ROOusta coffee JU. 69.00 7lOO ".. ,Dollar) 0. 960l 0Jll8-052 U.s. Gulf 68.95 Cocoa (USSltne) dsd dsd. l6V.DO .::IlI!l 0.2102 0l558-L2l NY Hartlor 7lJl) Sugar Worr1ll dsd dsd lL39 i!l!Ile) 0.0336S 0.D2495 ril Canada grains u.s. lumber _" sl) 0.05l32 o.03805-02l «$ rome (USS) :r 0. 47.ll il.3S08.1 37 per at TIlJrder Bay) CanoIa 407.40 n.a. 4ll2O Randcm iengtll; 46S..OO :.::::al) 0.00869 O.OO644·ill flax :moo n.a. 384.60 Coast hem.·fir 540.00 :..aI 0.52239 0J8730·039 Wheat 167.50 n.a. VllO Wstm S(lIUCe-pllle 378.00 ~ 0.00037S 0.000278 . ill I ::e 0.000245 0.000181 .Q.3l ,------------------------Convertible Debentures c Rr,taI) Q.3S97 02fC III :o:ra) 0.043l 0.0320·l.58 Selected _. on actNeiV traded debentures. sUPPlied bv RaC Dominion Secu'lIIes Inc. ~ o.otm SolId " Share CollY. 0.0072·2.32 : ;;3Idf 0:00 0.2l7D 0.05 '-rIlistiaC MatI\rity Coup. price Prell\. Yield price ratio Price =-:/V(1) 0.00l627 0.00l207 -0.46 AGF~OTe )}fb-{)8 6JS 146.00 ·LlO 2.33 3l..OO "'" 0.0l04l 0.00772-2..35 Ag1ico* AffG / NIISOAQ 27.Jan.04 3.Sl 9131 19.G9 4.96 13JS =eI 0.02383 0.0l767 -0.09 Agra InIiIsInes ore l·to-Ol am 12411 2.62 ll.OO lLll W; :nil 0l0l0 o.1490-l.5O Air canada ACDB / 1St. ME 2(hlllr-ffi am W.50 62:l2 6.5l 5.«J a7 Q.049J. 0.0364 -0.03 AIMl Range ARO.DB IlSE V-JarHl2 8.S) 7S.OO 232.8l l5JlI L60 m 0.0528 0.0392-G.53 A_ AV1UlB / '!Sf. ME 8-FeHl4 7.so J2llX) 14.78 424 23.00 ;c;zI (lloIlar)O.2l94 0.1627-OJ.S Bema GoId* BGO.OB.U IlSE 28-Feb-OO 7.so 246.al 0.00 0.00 5.06 48J8 0.000J132 0.0000098 -2.00 cambridgeSlQ)CllG.IlB/lSE l-Mar-03 am lOO.lJ 117.19 7.97 l2.ro £JOI3I') 0.002S6 0.00212-032 CambtQ;)eSlQ)CBG.OB.A/lSE 1·..kJn-{)4 7.so 99JS 195.l.8 754 l2.ro :l:5.'ll} L692S L2548.1.82 cambridge SIQ) CBG.llB.ll / lSE l-Mar-04 6.00 91.25 7llO 7!JJ l2.ro = ~ OlXXXl OlXXXHOQ.OO canam Manac OTe 1·Sep-98 8.S) lll5.OO l52.69 5.46 4.05 GascadesCAS.D8/1St.ME 1~Aug-03 725 l2O.5O 174 177 755 l5.38 Cdn. WI!!tem Bank CMl.OO IlSE l5-A(lr-D6 6JS 116.00 ll.54 4.63 1100 CentreIund CFE.OO.A / lSE )}N0v-Q6 8.S) 1ll6.88 l8.33 751 14.ro us..ro ."....."oon ,ate' CR:fCF.DB/'!Sf.ME 3l-May-{)4 7.so l2.2O 5.07 20Sl l'1".fr. Sw. fro = A $ 0iC ~ OTe 31'Aug-07 am 9S.5O 76.3l 8.65 6SJ U03V Coos.£m!idOTe 3l-Mar.Q2 am 9100 3487 9Jl 03S !l25839 1036ll = Devte Ic OTC )}Apr-98 am lO3.OO lJla.79 SJ6 4.28 G.l9121 OJ6672 s.so u.so 02942l ill972 DomcolndOOC.DB/1St.ME l5-AIx'-ffi 116.00 l2L94 6.04 8732 92'1l £¢8' Group 8'RlR IlSE 3l-May-06 7.00 92.ro .2.54 2.29 7.90 l8.l8 2l.78 ore 0.45592 EJd(r.J(jQGoId* 1-N0¥-04 8.25 206.04 0.00 0.00 6JO '!fJJ7 G.ll37D E1l1co InIiIsInes ore )}A(lr.Q2 725 9&00 llS.!D 7J l 8.«J 4.OO98l D.24939 _ fmcolnlilslnesOTe 3Hlec-DO am lOl.OO !Va 7Jl 8.«J 106472 Harmac Pacific HRCOO 1 1St. ME 4-Ckt-04 8.00 mus 46.()9 6.95 l2.ro U3423 0.93V2l 454.95 .2.lll 2.l9 1942.3S 484.40 HoIingertt.G.OB/lSE 1·ttw-98 7.00 109.00 19.so HoIIinger* HlIil.f.O NIISOAQ S-tQ-13 0.00 34.8l 48JI) 6.33 8.li3 Ho-sham*1ZH.DaU 1 1St. ME l.8-Nc:N-1B 32S 1OJ37 651 104 29.88 ~ Horsharn*l7H.DII.V 1 '!Sf. ME 29-Jat1-21 100 lO4.62 B.S6 2J4 29.88 !nco* N.l6.N 1 N'1SE l5-Mar·16 7J S lO6.OO J.6.26 7J ] 34.88 -r::emoon (ates .. _ ., _ A ~_ ,,~_ II MIeIIMN.DB / 1St. ME 2S-.All-99 7S J 1Ol.5O 8164 6ZJ 7J iJ ... ..,. ....,.. ....,.. ....,.. Inmet OTC 29-Se!Hl7 s.ro 78.00 llaD9 8.G9 7J iJ ...3ll4 L2929 l2939 l2989 IvacoOTC I5-Apr'1O 6JS 96.ro I6.S8 722 26.35 :.:!..$ 100.49 97.49 94.79 Kaufel Group On: 28-JuI-98 7J S lO4.2S 233.60 5.(5 3JS -q42 ,l4S74 14533 14590 Mac BIo OTC 1-May-07 s.ro 89.00 32.3S 6.47 19.25 .7J9 NA NA NA Mag1a 111 MG.DB / lSE 5-.ktl-(5 725 l3S.OO 8.45 U:i/ 7S.OO I'nlIl 1 1St. ME 6.00 i'9.95 477.42 9.93 0.54 MariIIJorough MPl..OO ll·Mar-04 t«iIIeOlilaOTC )}N0¥-04 9.00 8l.OO 9llS l2.87 125 1290 ore s.ro s.ro .0i!4 0J735 G.7729 OJ699 Noranda 29-Apr..f17 lOO.OO 9J2 3l9O "'l9l 77J 2 75.34 72.98 ~ fnergf ore l5-Apr.Q2 7.00 99.00 l26.S3 723 5.90 .::!28 U27l U232 1.1233 i'ega9lsGold*OTC )}Apr.Q2 6.2S 94.50 4918 7!ll 9.45 :'<Wo NA NA NA Repap ore ll-.m-98 9.00 9&00 202.91 lO.39 5.!D Repap* ore 1-Aug-97 s.so 99.50 22.ll 925 5.!D RogersCcJnmOTC 1·Sep-99 7.so 9&00 8.J2 lO3S 96.l3 )ecurities RusselMe!alsOTe 3Hlct-99 9.00 lO2.ro Nl..tn 8.2l l8l I SherrIt SJR IlSE l5-1lec-c6 6.00 Sl8S l3l.27 5.88 l8l lO.S3 ",nlmum $1 mIllion. IndIcated St Iaun!It Pap SPLDB / '!Sf. ME l5-..kJn-{)4 am 150.00 3.Sl l.OO 22.so ....., ave,~g. maturo", Cate. TeeleQlrplEK.llB/lSE )}Sep-21 100 lO22S 41.48 W 35.12 Price Yield Teele Qlrp* OTC l5-~ 3JS 117.49 634 lJ7 2174 Tee-Comm Bee 1tN.Il61 TSE ~MiI1-O.l 9.so 89.00 49.01 l2.Il2 8JS lOO.O4 2.Il2 Tembec TBCDII/1St. ME 1-Aug-03 7!IJ ll4SJ 2178 4.92' 925 100.08 2.Il2 Tembec* mc.oaU / '!Sf. ME 31-Ma)0-03 6SJ lll5.OO 25.JS 5.S7 6.88 l2.V lO2.lS 118 1ln1vncrt lHN.Ill/lSE 31-Jan.98 am lOO.28 1036' 7:n 26.35 lO4.72 li'9 lAstI!r I'I!tTdaJm W'.Il8 IlSE 1...m-04 7!ll l22.OO 21V 4.ll7 1ll.«J lO109 4.ro Premium ., stated as percentege and ,$ the amount paid in excesl of the market value of the lO2.84 4.L5 bond's unoe,,)""g sha,es. Yields are calculated to matunty. US$ lO4.2O 4.lO lOC37 4.98 lO4.72 4.96 How to read the Options, Index Options, Futures Prices and 11145 6.46 Futures Options tables Futures prices open interest reflects previous trading day CBOT - lOO.ll5 . 2.98 Board of Trade: CM! - Chicago Mercantile Exchange: COMEX - New York l.!JL(5 103 Commodity Exchange; FlNEX - Financial Instruments Exchange; IMM - Inter· Canada (0) 10196 142 national Money Market; CSCE - Coffee. Sugar. Cocoa Exchange: KBOT - l.O359 m 3.62 Kansas City Board of Trade; MPLS - Minneapolis Grain Exchange; ME - Mon- :JJ3J9 treal. Exchange; NYCE - New York Cotton ExChange; NYME - New York Mer· -"A52 'JfJl 4.93 cantlie ;XShange; NYFE New York. F!,rtUre~ Exdla!lge;-';- - Option not trad- lrAi:» 5.lll ed: I :,:,~o option. offered; T .... ./fOf'Ol'lt!Y"St~It'~e' n:r::')2rQI).tQ. ~---.-ll:Jt)---;t«JYlSffl-ttfltI):--~~ :.tJ5.lli 5ll1l >1 i.~wes.:.iXchange;--~,:, Vancouver .stOOK ~ii~~ :1 Winnipeg Com-l.O4.9O 5.86 I modity Exchange.

,..... ~ ..u 525 5.06 1= ti.:.:IO;,..;S::.:,ld;;:,;e::..::.:le;,;.ve:;;l,;;.s_ ____ 3'month 5.38 5.37 5.38 5.18 GoY'! of 6-month 5.41 5.41 5.44 5.38 1 Dec 21 Canada 105.00 1934 1073 ($ 3-month 2.38 2.87 2J8 109 30.05 30.05 10M 3116 3116 3-month 1ll 100 106 107 Bank Rates vtN 3-month G.34 0.33 0.36 0.35 London interballk offer rate fUSS) Canada U.s. dsd 23.40 dsd 20.35 GSP 3-month 6.30 6.43 6.37 5.99 BankotCan.rate 125 Oisautrare 5.0 I-month 5.56 5.56 5.37 5.37 Prev. % CDIlll 119 Prine rate 82 dsd. 23.&5 3-month ill 5.SO 5.SO 5.SO Prine rate 4.75 Fedfu'ds SJ dsd. 24.10 6-month 5..54 554 5.56 5.48 Cau Loan Average 115 jIJ dv :SIi ;).q ISb dsd. 6955 Bonds ~~.l' '1 .r~ dsd. n.3O SuPPheo by Securities Valuation Co. from RBe Dominion SecuritIes Inc./lntematlonaJ from Reuter: ~ .... __ __ .... , __ .. i 8e:nc::twnarX lssues. as de~_GU vy UIICJ ~Ift VI Calada. '" bsted in OOIdIace. (H)-new oenct> Coa\IOII Mat. date BidS Yteid mark, (O)-oId _ C-c:aIla1l1e AIlerta 9.20 Nov 1197 lOl.l7 5.5< Coupon Mat.dat'"e D _e .. .... .~._a f . .." "1. AIlerta 715 Fro 4198 lOS.D2 II dsd. '>UV"'" I AIleIta 6.00 Mar 1M llJ4.32 ~9t dsd 54S.OO Canada AIlerta &.SO SeIlIM l.lll.93 4.Z dsd. OdiC 6.00 Q,c 1198 I04.l2 31!3 AIlerta s.oo Mar l/(I) llO.29 4.5: 398.00 OdiC 8.2S Aug3199 uo.ro 4.23 AIlerta 9.25 AcK l/(I) llIl.89 5.92 CMHC &.SO Q,c 1M Jll.J7 (40 A.Ilerta lO..2S Aug 22101 12143 s.os CMHC 8Jrl Mar l/(I) ll2.BO 4.51 AIlerta 631 Jon l/O4 lO3.O6 5.JlIi OdiC 8.2ll JonlllOO lll72 4.liQ AltaMfdll l2l5 Q,cl5l\lZ 126.49 (92 OdiC 715 Dec l/(I) Ull.46 U4 Be Hydro t04 U50 Jan lSIll 143.al 5.8l Canada 8.2S Mar 1197 lOUl 2J7 BrIlSh Cni.oIrO &.SO Fro 2h/97 llll27 2.liS Coal Canada s.oo Mar 15/97 10144 2.SO IlrtIShCni.olrO lO..2S Nov '6197 lll6.69 3.22 Canada 9.25 May 15/97 lll2.l\4 2.liS IlrtIShCni.olrO 8.2S Alr9J'l8 lD627 ~44 4J6 20.97 Canada 7!JJ .lJI1I97 lJl2.56 lOO IlrtISh Cni.oIrO 9.85 May lI98 108.65 150 5.58 V93 Canada (0) 7J Ill Sep 15197 lO2.99 3.09 IlrtISh Cni.oIrO 7J 1J Jon 9/99 107J 1J 4.04 Canada 915 Oct 1197 lOSJS ll3 IlrtISh Cni.oIrO l.US Aug l6ItlJ 12l.B2 4JS 9.00 Canada 6.2S Fro lI98 lO3J7 llJ IlrtIShCni.olrO 915 May I5I1lJ. lJ4.9O 6.95 l2.5O 8.00 Canada 3JS Mar lSI98 IlXlilO llJ IlrtISh Cni.oIrO lillS Aug 29101 m95 5..ll 14118 7.10 Canada (N) 6..00 Mar I.SI98 lOl.3Z 3.l3 BrtIsh Cni.oIrO lillS Aug 29101 m95 5..ll 4.S5 22.00 Canada lDJS Mar lSI98 llIl.22 134 SriishCni.olrO 9J1J Jan9102 ll6.Sl. 5.26 2.05 Canada 6.50 SeIlll98 I04.7J 3.fil BrtIsh Cni.oIrO 9J1J.)Jn 2lI04 l.lB.S6 5.91 184 26.03 Canada 9!JJ Oct lI98 llJll4 3JO BrtIshCni.olrO 9!JJ Jan 9112 126.79 6.66 Canada (N) 8JlO No. 1198 107J19 3.74 BrtIshcwm ll).fjJ SeIlSl20 14253 6.92 2.Il2 35.Sl Canada lO..2S Q,c lI98 l.l2.26 3.8l BrtIsh Cni.oIrO 9!JJ Jon 9m lllSl 6.93 4.44 22.so Ca...... 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