The Canadian stock market heads lower in afternoon activity as a retreat in financial and consumer stocks offsets rising shares in commodities producers.

The U.S. markets are extended from a near-term perspective, following stocks' latest two-week bull run, indicating a consolidation phase is due at some point. More importantly, longer-term uptrends have been established, and the S&P 500 faces limited resistance.

Canadian shares shoot up as gold and coal miners such as Western Canadian Coal Corp. and Shore Gold Inc. rally.

September 11, 2009, Market Summary

Shares make broad gains in Toronto as energy and materials get a boost courtesy of higher commodities prices and as signs of a resumption of merger activity heat up.

NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by Ridgewater Equity (RWE).

NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by TheFortuneFinancial.com.

NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by Benchmark Journal.