By John Kipphoff and Whitney Kisling
Nov. 6 (Bloomberg) -- The following companies may have unusual price changes in Canadian trading today. Stock symbols are in parentheses, and share prices are from the previous close in Toronto.
The Standard & Poor's/TSX Composite Index slid 2.3 percent to 9,887.20.
AGF Management Ltd. (AGF/B CN): The Toronto-based manager of C$20.4 billion ($17.4 billion) in mutual funds cut 10 percent of its staff at a trust unit to reduce costs. The firm's assets have dropped by a third in the past year as investors pulled money and stock prices slid. AGF had net redemptions of C$214.2 million last month. The shares fell 5.2 percent to C$13.26.
Canaccord Capital Inc. (CCI CN): Canada's largest independent brokerage by assets posted a second-quarter loss of 11 cents a share, excluding some items, as the global credit crisis crimped its investment-banking business. Analysts surveyed by Bloomberg expected a profit of 6 cents a share. The firm also suspended its dividend. The shares added 1.6 percent to C$6.35.
Canadian Natural Resources Ltd. (CNQ CN): The country's third-largest energy company by market value posted third- quarter profit, excluding some items, of $1.37 a share, missing the average analyst estimate by 8.4 percent. The company, which is leading a C$9.3 billion ($7.9 billion) project to expand output from Alberta's oil sands, was also cut to ``sell'' from ``neutral'' at Goldman Sachs Group Inc. The shares fell 3.7 percent to C$60.41.
Canadian Tire Corp. (CTC/A CN): The country's biggest retailer of auto supplies and household goods is scheduled to report third-quarter results. Canadian Tire may say that profit was C$1.30 a share excluding one-time items, the average of nine analyst estimates compiled by Bloomberg. The shares gained 1 percent to C$45.30.
Cathedral Energy Services Income Trust (CET-U CN): The oil services company reported third-quarter profit of 2 cents a share, 28 percent more than estimated by analysts in a Bloomberg survey. The shares added 2.3 percent to C$8.84.
GMP Capital Trust (GMP-U CN): Canada's second-biggest independent brokerage by assets said third-quarter net income fell 82 percent to C$6.9 million as investment-banking fees declined. The shares slid 14 percent to C$4.92.
Kinross Gold Corp. (K CN): Canada's third-largest producer of the metal said profit rose 64 percent to $64.7 million, or 10 cents a share as prices and production increased. Profit excluding one-time items was 13 cents a share, matching the average estimate of 16 analysts surveyed by Bloomberg. The shares rose 2.1 percent to C$14.95.
Manulife Financial Corp. (MFC CN): Canada's biggest insurance company may say that third-quarter profit was 44 cents a share before one-time items, the average estimate of 14 analysts in a Bloomberg poll. Manulife said last month that credit losses will cut third-quarter earnings by about C$250 million ($215 million), including C$50 million for bolstering reserves. The shares fell 1.1 percent to C$25.80.
Molson Coors Brewing Co. (TAP/B CN): The third-largest U.S. beer maker said it bought almost 5 percent of Australia's Foster's Group Ltd. through a cash-settled swap arrangement with Deutsche Bank AG. Foster's doesn't know Molson's intentions for the stake, the Melbourne-based brewer said in separate statement. Molson Coors shares rose 11 percent to C$49.
Shoppers Drug Mart Corp. (SC CN): Canada's biggest pharmacy chain may report third-quarter profit of 75 cents a share before one-time items, the average of nine analyst estimates in a Bloomberg survey. The shares rose 1.2 percent to C$47.67.
SXC Health Solutions Corp. (SXC CN): The pharmacy-benefits management company posted third-quarter profit excluding some items of 24 cents a share, exceeding the average analyst estimate by 67 percent. The company also boosted its forecast for full-year earnings. The shares gained 1 percent to C$17.09.
To contact the reporters on this story: John Kipphoff in Toronto at jkipphoff@bloomberg.net; Whitney Kisling in New York at wkisling@bloomberg.net.
Last Updated: November 6, 2008 08:59 EST
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