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To: StockDung who wrote (143947)5/1/2005 3:02:16 PM
From: StocksDATsoar  Respond to of 150070
 
Civil, Environmental, Land Development, Water, Sewage Collection , Storm Water Handling

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To: StockDung who wrote (143947)5/1/2005 7:58:05 PM
From: StocksDATsoar  Read Replies (1) | Respond to of 150070
 
moneycentral.groups.msn.com

NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: NATIONAL BANK OF CANADA

TSX SYMBOL: NA

JULY 5, 2004 - 10:00 ET

National Bank Canadian Opportunities Fund Approved for
Short Selling

MONTREAL, QUEBEC--(CCNMatthews - July 5, 2004) - National Bank
Securities is pleased to announce that its Canadian Opportunities
Fund can now include short selling in its investment strategy,
making it one of the rare funds in Canada to offer this privilege
normally reserved for high net worth or institutional investors.

This change to its investment strategy will take effect in
September, after the regulatory notice period. To minimize risk,
short selling will be subject to several restrictions, including
a cap equal to 10% of the Fund's total net assets.

"Short selling," noted Charles Guay, President and Chief
Executive Officer of National Bank Securities, "gives investors
two advantages over the traditional management approach. They
will be able to take advantage of market opportunities to
increase the Fund's potential return and better control portfolio
risk".

According to Jacques Chartrand, Senior Vice-President - Canadian
Equity at Natcan Investment Management, this change will be a
perfect fit with the Fund's investment strategy. "In addition to
tapping the growth potential of various sectors of the economy
with no restrictions, the Fund will now be able to use short
selling to capitalize on the weakness of certain securities that
have an unfavourable short-term outlook."

It should be pointed out that the Canadian Opportunities Fund,
which will be marking its fifth anniversary in December, has an
enviable track record.

National Bank Securities, a wholly owned subsidiary of National
Bank of Canada, offers investors a full family from close to 50
mutual funds, which currently represent over $6.3 billion in
assets. National Bank Mutual Funds are available at National
Bank's branches and through most investment dealers across
Canada.

About the National Bank of Canada

National Bank of Canada is an integrated group which provides
comprehensive financial services to consumers, small and
medium-sized enterprises and large corporations in its core
market, while offering specialized services to its clients
elsewhere in the world. The National Bank offers a full array of
banking services, including retail, corporate and investment
banking. It is an active player on international capital markets
and, through its subsidiaries, is involved in securities
brokerage, insurance and wealth management as well as mutual fund
and retirement plan management. The National Bank has assets of
close to $84 billion and, together with its subsidiaries, employs
close to 17,000 people. The Bank's securities are listed on the
Toronto Stock Exchange (NA: TSX). For more information, visit the
Bank's website at www.nbc.ca.

Information : (The telephone number and e-mail address provided
below are for the exclusive use of journalists and other media
representatives.)

-30-

FOR FURTHER INFORMATION PLEASE CONTACT:
National Bank of Canada
Denis Dube
Manager, Public Relations Department
(514) 394-8644