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Canada Yearlings Day-1: Median Up 24.4%
Overall during the Select Session at the CTHS Ontario Division sale, 159 yearlings sold for US$6,050,675 (down 5.4% from last year's 163 sold for US$6,396,369). And the US$38,055 average was down 3% (from last year's 5-year high of US$39,242). However the US$30,374 median was up 24.4% (last year US$$24,419). The number of buy-backs rose from 48 in 2006 to 59 this year. CTHS sales committee chairman Gail Wood told bloodhorse.com: "Going by the strength of the market last year, the sale was a bit disappointing. We made so much progress last year, but we don't seem to be attracting new buyers." Most consignors "felt there were not enough buyers to go after the top yearlings, while many buyers thought the best horses cost too much money". Top trainer Robert Tiller summed up: "It's hard to buy a quality horse. They are selling very well. It's the same old story: there is good money for the good horses."