Analytical Insights
BNY Mellon Asset Servicing
Third Quarter 2008

IN THIS ISSUE

Market Commentary S&P/TSX Composite Sector Performance
Market Benchmarks Highlights
    Report of the Quarter

Market Benchmarks

As of September 30, 2008 - Canadian Dollars

QTR
Ending
YTD
Ending
1
Year
Ending
3
Years
Ending
5
Years
Ending
7
Years
Ending
10
Years
Ending
Cash
DEX 91day T-Bill
0.79
2.59
3.69
3.92
3.30
3.17
3.74
DEX 30day T-Bill
0.56
2.02
3.05
3.65
3.14
3.00
3.56
Bonds
DEX Bond Universe
-0.37
1.83
4.62
3.42
4.80
5.80
5.73
DEX Bond Long Term
-3.05
-2.42
2.23
2.51
5.93
7.37
6.35
DEX Bond Mid Term
-0.27
2.65
5.07
3.41
4.83
6.04
5.90
DEX Bond Short-term
-0.37
2.90
6.46
3.49
4.13
5.19
5.35
DEX Conv. Res. Mort. 3
0.67
6.59
7.86
5.31
5.58
6.17
6.65
DEX Conv. Res. Mort. 5
1.55
6.76
7.26
5.00
5.78
6.60
6.95
Equity
S&P/TSX Capped Comp Index
-18.22
-13.32
-14.40
4.72
12.04
10.31
S&P/TSX Comp Index
-18.22
-13.32
-14.40
4.72
12.04
10.31
9.71
S&P / TSX 60
-17.60
-10.98
-11.45
6.64
13.40
10.74
10.26
S&P/TSX Midcap CND$
-20.36
-20.78
-23.45
-0.46
9.84
9.58
S&P/TSX SmCap
-25.25
-25.54
-29.18
-5.10
2.47
5.88
BNO SC Blended Index (wtd)
-24.42
-26.00
-28.99
-2.67
6.96
10.44
9.40
Foreign Bonds
LB Aggregate Bonds C$
4.28
8.41
10.90
1.15
-1.05
-1.07
1.46
Foreign Equity
MSCI EAFE Net Dividend C$
-16.75
-23.80
-25.64
-1.79
4.58
1.86
1.29
MSCI EAFE C$ Cmp
-16.69
-23.41
-25.23
-1.34
5.03
2.27
1.65
MSCI World Net C$
-11.19
-18.36
-20.87
-2.16
2.33
-0.42
0.11
MSCI World C$ Cmp
-11.08
-17.95
-20.40
-1.64
2.84
0.07
0.55
S&P 500 Total Return Idx C$
-3.98
-13.05
-16.52
-2.67
0.27
-2.19
-0.60