The resource rich Canadian markets took a breather during mid-week trading. For the tale of the tape, the TSX Exchange added a modest 0.48%, while the TSX Gold Index lost another 0.5% and the TSX Venture Exchange, Canada’s largest junior exploration bourse, gave back 0.14% with the decliners edging out the advancers by a 433 to 425 margin on a robust 225 million shares traded.

The Canadian Markets took a well deserved breather during Tuesday trading with several pundits expressing views that a market correction is imminent. For the tale of the tape, the TSX Exchange gave back a modest 0.13%, while the TSX Gold Index was the big winner by jumping 2% and the TSX Venture Exchange, Canada’s largest junior exploration bourse, added a modest 0.10% with the decliners beating out the advancers by a 456 to 431 margin on a robust 227 million shares traded.

Despite a notable lack of news, the Canadian markets continued to surge higher during Thursday trading. For the tale of the tape, the TSX Exchange added 2.5%, while the TSX Gold Index tacked on 1.80% and the TSX Venture Exchange, Canada’s largest junior exploration bourse, rallied 1.11% with the advancers beating out the decliners by a 458 to 354 margin on 172 million shares traded.

It was a day of profit taking during Wednesday trading on the Canadian Markets. For the tale of the tape; the TSX Exchange lost 1.40%, while the TSX Gold Index dropped 1.80% and the TSX Venture Exchange, Canada’s largest junior exploration bourse, fell 0.38% with the decliners beating out the advancers by a 417 to 404 margin on 182 million shares traded.

The Canadian Markets continued to march higher with the Bank of Montreal posting better than expected earnings for the second quarter of 2009. For the tale of the tape, the TSX Exchange added 2.15%, while the TSX Gold Index gave back 0.4% and the TSX Venture Exchange, Canada’s largest junior exploration bourse, tacked on 0.07% with the decliners beating out the advancers by a 440 to 398 margin on 171 million shares traded.