Required Disclosures

The information contained in this report has been compiled by RBC Dominion Securities Inc. ("RBC DS") from sources believed by it to be reliable, but no representations or warranty, express or implied, are made by RBC DS or any other person as to its accuracy, completeness or correctness. All opinions and estimates contained in this report constitute RBC DS's judgment as of the date of this report, are subject to change without notice and are provided in good faith but without legal responsibility.

This report is not an offer to sell or a solicitation of an offer to buy any securities. Additionally, this report is not, and under no circumstances should be construed as, a solicitation to act as securities broker or dealer in any jurisdiction by any person or company that is not legally permitted to carry on the business of a securities broker or dealer in that jurisdiction. This material is prepared for general circulation to Investment Advisors and does not have regard to the particular circumstances or needs of any specific person who may read it. RBC DS and its affiliates may have an investment banking or other relationship with some or all of the issuers mentioned herein and may trade in any of the securities mentioned herein either for their own account or the accounts of their customers. RBC DS and its affiliates may also issue options on securities mentioned herein and may trade in options issued by others. Accordingly, RBC DS or its affiliates may at any time have a long or short position in any such security or option thereon.

Neither RBC DS nor any of its affiliates, nor any other person, accepts any liability whatsoever for any direct or consequential loss arising from any use of this report or the information contained herein. This report may not be reproduced, distributed or published by any recipient hereof for any purpose.

RBC Dominion Securities Inc.* and Royal Bank of Canada are separate corporate entities which are affiliated. *Member - Canadian Investor Protection Fund. ®Registered trademark of Royal Bank of Canada. Used under licence. ©Copyright 2006. All rights reserved. The information contained in this report has been compiled by RBC Dominion Securities Inc. ("RBCDS-Canada") from sources believed by it to be reliable, but no representations or warranty, express or implied, is made by RBCDS-Canada or any other person as to it accuracy, completeness or correctness. All opinions and estimates contained in this report constitute RBCDS-Canada's judgment as of the date of this report, are subject to change without notice and are provided in good faith but without legal responsibility. This report is not an offer to sell or a solicitation of an offer to buy any securities. RBCDS-Canada and its affiliates may have an investment banking or other relationship with some of all of the issuers mentioned herein and may trade in any of the securities mentioned herein either for their own account or the accounts of their customers. RBCDS-Canada and its affiliates also may issue options on securities mentioned herein and may trade in options issued by others. Accordingly, RBC-DS Canada or its affiliates may at any time have a long or short position in any such security or option thereon. The securities discussed in this report may not be eligible for sale in some states or in some countries. Neither RBCDS-Canada or any of its affiliates, nor any other person, accepts any liability whatsoever for any direct or consequential loss arising from any use of this report or the information contained herein. Any U.S. recipient of this report that is not a registered broker-dealer or a bank acting in a broker or dealer capacity and that wishes further information regarding, or to effect any transaction in, any of the securities discussed in this report, should contact and place orders with RBC Capital Markets Corporation, a U. S. registered broker-dealer affiliate of RBC-DS Canada, at (212) 361-2619, which without in any way limiting the foregoing, accepts responsibility (within the meaning, and for the purposes, of Rule 15a-6, under the U. S. Securities Exchange Act of 1934), for this report and its dissemination in the United States. This report may not be reproduced, distributed or published by any recipient hereof for any purpose.

This document has been prepared for use by RBC Dominion Securities Inc., a Member Company under RBC Investments. RBC DS is a Member - Canadian Investor Protection Fund. RBC Dominion Securities, Inc., and Royal Bank of Canada are separate corporate entities, which are affiliated. Trademark of Royal Bank of Canada. RBC Investments is a registered Trade-mark of Royal Bank of Canada. © Royal Bank of Canada 2003. All rights reserved.

Full Article Listing