CanBanc Income Corp CKNBF

Recommendations for February 22, 2007

[investorbling]

The Bomb

Agricore United James Richardson Int'l to the Rescue with a White-Knight Bid; Upgraded to Outperform

Price (21-Feb) $13.58 52-Week High $13.58

Target Price $15.75↑ 52-Week Low $7.33

O. Baranowsky

Canadian Apartment Prop. REIT Q4/06 Results in Line; Upgraded to Outperform on Improving Growth Rate and Underlying Value

Price (20-Feb) $20.21 52-Week High $20.54

Target Price $24.00↑ 52-Week Low $15.23

K. MacIndoe

Macquarie Power Income Fund Q4/06 Results Slightly Higher than Expected; Rating Lowered to Underperform

 Price (21-Feb) $11.89 52-Week High $11.96

Target Price $9.75↑ 52-Week Low $11.89

K. Taylor/M. McGowan

AGF Management Ltd. Strong Business Momentum Evident From Investor Day

Price (21-Feb) $30.01 52-Week High $29.50

Target Price $33.00↑ 52-Week Low $18.95

 J. Reucassel

Agnico-Eagle Mines Ltd. Q4/06 Earnings in Line with Estimates; Pinos Altos Resources Converted to Reserves

Price (21-Feb) $47.13 52-Week High $52.03

Target Price $50.00 52-Week Low $27.10

N. Wachowiak

Anglo American PLC H2/06 Results in Line with Expectations; $3 Billion Share Buyback Announced

Price (20-Feb) $25.59 52-Week High $25.66

Target Price $24.00 52-Week Low $16.62

V. Lazarovici

Pacific Northern Gas Q4/06 and Fiscal 2006 Slightly Higher than Expected; Outperform Rating Maintained

Price (21-Feb) $18.02 52-Week High $19.74

Target Price $20.00 52-Week Low $16.96

K. Taylor

Hecla Mining Company Solid Q4/06 Results; Positioning for Growth

Price (21-Feb) $8.11 52-Week High $8.11

Target Price $9.00 52-Week Low $4.05

 A. Cheung

Zargon Energy Trust 2006 Reserve Report and Operational Update

Price (21-Feb) $25.59 52-Week High $34.75

Target Price $27.00 52-Week Low $23.80

 C. Renkas

Movie Distribution Income Fund International Results Remain Volatile

Price (21-Feb) $8.40 52-Week High $8.40

Target Price $8.00 52-Week Low $5.20

J. Tkachuk

Osprey Media Income Fund Weak Q4 Results Highlight Difficult Operating Environment

Price (20-Feb) $5.85 52-Week High $7.77

Target Price $5.40↓ 52-Week Low $4.92

 J. Tkachuk

Concorde

Agnico-Eagle Mines Ltd. | Steven Butler, AEM : NYSE : US$40.72 | US$5,493.2M | Buy ↑, Target US$50.00 ↑

• Upgrade to BUY based on improved valuation and Meadowbank

Uramin Inc. | Jim Taylor, UMN : AIM : £2.38 | £516.0M | Buy ↑, Target £2.90 ↑

• Trekkopje Feasibility Study update

Virginia Mines Inc. | Graeme Currie, VGQ : TSX : C$6.00 | C$157.8M | Speculative Buy , Target C$7.25 ↑

• 2007 exploration budget to exceed $16 million; Raising target price to C$7.25

Orezone Resources Inc. | Graeme Currie, OZN : TSX : C$1.94 | C$257.6M | Speculative Buy , Target C$2.45

• Releases positive results from Kossa project

Cinch Energy | Richard Wyman, CNH : TSX : C$1.00 | C$55.6M | Speculative Buy , Target C$2.00

• Company update: Recent financing, revising 2007 estimates

Canadian Utilities Ltd. | Bob Hastings, CU : TSX : C$43.90 | C$5,504.6M | Hold , Target C$42.00

• Colder weather, strong spark spreads push Q4 earnings up 13%

Certicom Corporation | Peter Misek, CIC : TSX : C$6.05 | C$275.3M | Hold , Target C$6.00

• Increasing our Q3 estimates, but leaving F07 flat

March Networks Corp. | Peter Misek, MN : TSX : C$11.30 | C$196.4M | Sell , Target C$10.00

• Q3 Preview: Awaiting clarity on product roadmap and cost structure

Shire plc | Mike Booth, SHP : LSE : 1,115p | £11,268.0M | Buy , Target 1,352p ↑

• Solid F06; buys NRP for Vyvanse

Pharmacopeia Drug Discovery | Joseph Pantginis, Ph.D., PCOP : NNM : US$4.68 | US$98.9M | Buy , Target US$7.00

• YE/06 results; DARA focus in 2007

Hana Biosciences | Joseph Pantginis, Ph.D., HNAB : NNM : US$4.99 | US$144.8M | Buy , Target US$11.00

• Most damage done. Now what?

RONA Inc. | Benoit Caron, RON : TSX : C$24.08 | C$2,766.2M | Buy , Target C$30.00 ↑

• Industry slump largely behind us; 2007-08 looks better than 2005-06; Increasing target to $30.00

Whole Foods Market | Scott Van Winkle, CFA, WFMI : NNM : US$45.70 | US$6,531.4M | Buy , Target US$59.00 ↓

• Merger with Wild Oats on top of good comps

United Natural Foods | Scott Van Winkle, CFA, UNFI : NNM : US$33.28 | US$1,426.0M | Hold , Target US$36.00

• Whole Foods/Wild Oats combination poses risk