The markets were choppy during morning trade. Trading will become stock-specific as the corporate earnings flow in.

The recent run-up has been too sharp.

The markets are buoyant on strong domestic fund buying and retail investor interest with sustained overseas fund flows.

Our trade contacts indicate Reynolds American has already developed a product and will enter the market with Camel, possibly in conjunction with the Daytona 500 in mid-February.

I see no need for a Royal Commission [on trade unions] which will take minutes and waste years.

When will the prime minister finally stand up and tell George Bush Canadians have had enough with his trade attacks,