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Bay Street was unable to continue its success Tuesday, after traders north of the border saw triple point gains the day prior. A sharp decline in tech and raw materials stocks was deemed the culprit. However, Monday's federal budget, in combination with concerns that a key gauge of inflation rose more than expected, also took its toll on investor sentiment. Many had been hoping for provisions within the budget to adjust capital gains, but to no avail. Despite the TSX composite index having given back 34.33 points, the junior TSX venture index was up 2.7 points. Although decliners seemed to be the dominant force Tuesday, shareholders of Columbia Yukon Explorations Inc. (TSX-V:CYU) were able to break the mould, experiencing a 20.73% up-tick accompanied by a trading volume of approximately 535,750.
Recently, our experienced team of researchers has been placing an increased focus on various companies throughout the Canadian markets. Columbia Yukon Explorations Inc. was one of the prospective companies which we have chosen to bring to your attention.
In some of the most recent news to surface surrounding Columbia Yukon Explorations Inc, which we feel may have had an effect on the day's success in the marketplace, as well as an ongoing effect on shareholder outcome, Columbia Yukon Explorations Inc. was pleased to announce that a contract had been awarded to DJ Drilling located at Watson Lake, British Columbia. DJ Drilling has agreed to supply two drill rigs to drill a minimum 10,000 to 20,000 metres as previously budgeted and reported. The Storie property lies south of the former Cassiar Mine townsite and is accessible by paved highway to Cassiar and then five kilometers of all weather gravel road.
Columbia Yukon Explorations Inc. is an aggressive mineral exploration company engaged in the acquisition and exploration of precious and base metal properties located in British Columbia, Canada. To continue with the full report, more information and research please go to www.streetinvesting.com
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