CANADA/RESEARCH

Highpine Oil HPX.TO RBC Cuts to sector
perform from

outperform
---------------------------------------------------------------
------------ International Forest Raymond James Raises
price target to C$3 from
Products (IFPa.TO) C$2.75; rating
outperform
---------------------------------------------------------------
------------ Iteration Energy RBC Cuts
price target to C$2.50 from C$4
(ITX.TO)
---------------------------------------------------------------
------------ Manulife Financial Genuity Cuts
price target to C$19 from C$23;
(MFC.TO) rating hold

BMO Cuts target price to
C$22 from C$25;

rating market perform

Credit Suisse Cuts to neutral from
outperform
---------------------------------------------------------------
------------ Methanex Corp (MX.TO) Scotia Raises
to sector outperform from

sector perform
---------------------------------------------------------------
------------ Migao Corp (MGO.TO) Canaccord Adams Cuts to
hold from buy
---------------------------------------------------------------
------------ Nexen (NXY.TO) Genuity Cuts
price target to C$21 from C$22;

rating hold

Haywood Cuts price target by
C$4 to C$22;

rating sector
outperform

CIBC Cuts price target to
C$22 from C$26;

rating sector
performer

Barclays Cuts price target to
C$21 from C$23;

rating equal weight

Tristone Cuts price target to
C$23 from C$25;

rating outperform

Credit Suisse Cuts target price to
C$23 from C$25
---------------------------------------------------------------
------------ Noranda Income Fund RBC Cuts to
sector perform from
(NIF_u.TO) outperform; price
target to C$3.50

from C$7
---------------------------------------------------------------
------------ NuVista Energy RBC Cuts
price target to C$12 from C$13
(NVA.TO)
---------------------------------------------------------------
------------ Orbit Garant Drilling RBC Cuts
price target to C$2.00 from
Inc (OGD.TO) C$2.50; rating
outperform
---------------------------------------------------------------
------------ Orleans Energy Tristone Cuts to
market perform from
(OEX.TO) outperform
---------------------------------------------------------------
------------ Pacific Rubiales RBC Cuts
price target to C$7 from C$8;
Energy (PRE.TO) rating outperform
---------------------------------------------------------------
------------ Painted Pony RBC Cuts
price target to C$3 from C$3.50
Petroleum (PPYa.V)
---------------------------------------------------------------
------------ Paramount Resources RBC Cuts
price target to C$12 from C$13
(POU.TO)
---------------------------------------------------------------
------------ Petrolifera Petroleum RBC Cuts
price target to C$2.50 from
(PDP.TO) C$3.50
---------------------------------------------------------------
------------ Potash Corp (POT.TO) Scotia Cuts to
sector perform from

sector outperform
---------------------------------------------------------------
------------ Potash One (KCL.TO) BMO Starts
with outperform rating
---------------------------------------------------------------
------------ Profound Energy RBC Cuts
price target to C$1.50 from C$2
(PFX.TO)
---------------------------------------------------------------
------------ Provident Energy RBC Cuts
price target to C$6.50 from
Trust (PVE_u.TO) C$7; rating
outperform
---------------------------------------------------------------
------------ Quadra Mining (QUA.TO) BMO Raises
price target to C$4 from

C$3.50; rating market
perform
---------------------------------------------------------------
------------ Research In Motion Credit Suisse Cuts to
underperform from neutral
(RIMM.O)
---------------------------------------------------------------
------------ Ruggedcom (RCM.TO) Genuity Raises
price target to C$28 from

C$23; rating buy
---------------------------------------------------------------
------------ Shoppers Drug Mart Genuity Cuts
price target to C$52 from C$55;
(SC.TO) rating buy

TD Newcrest Cuts price target to
C$50 from C$51;

rating buy

BMO Cuts price target to
C$45 from C$48;

rating market
perform
---------------------------------------------------------------
------------ Silver Wheaton UBS Raises
price target to $11.50 from
(SLW.N) (SLW.TO) $7.50; rating buy
---------------------------------------------------------------
------------ Storm Exploration RBC Raises
to outperform from
(SEO.TO) sector perform
---------------------------------------------------------------
------------ Suncor Energy (SU.TO) RBC Cuts
price target to C$29 from C$32;

rating sector
perform
---------------------------------------------------------------
------------ Sun Life Financial Genuity Cuts
price target to C$30 from C$32;
(SLF.TO) rating buy
---------------------------------------------------------------
------------ Timberwest Forest Raymond James Cuts
price target to C$4 from (TWF_u.TO)

C$4.50; rating market perform
---------------------------------------------------------------
------------ Trican Well Service Raymond James Cuts
price target to C$8.00
(TCW.TO) from C$9.00
---------------------------------------------------------------
------------ Vast Exploration Canaccord Adams Starts
with speculative buy rating;
(VST.V) price target of
C$0.25
---------------------------------------------------------------
------------ Vero Energy (VRO.TO) RBC Cuts
price target to C$7.50 from

C$8.50; rating
outperform

BMO Cuts price target to
C$5.25 from

C$6.50; rating market
perform
---------------------------------------------------------------
------------ West Energy (WTL.TO) RBC Cuts
price target to C$3.50 from

C$3.75
---------------------------------------------------------------
------------ Western Potash (WPX.V) BMO Starts
with market perform rating
---------------------------------------------------------------
------------ WesternZagros Canaccord Adams Starts
with speculative buy rating;
(WZR.V) price target of
C$1.60
---------------------------------------------------------------
------------ Yamana Gold (YRI.TO) UBS Raises
price target to C$13 from

C$12.75; rating buy

Blackmont Raises price target
to C$14 from

C$13.50; rating buy

Dundee Raises target price
to C$13.60 from

C$13; rating buy
---------------------------------------------------------------
------------ ((Compiled by Neha Singh and Shrutika Verma;
Bangalore Equities Newsdesk +91 80 4135 5800; within U.S. +1
646 223 8780))