Air Canada, Brookfield, Jazz, Thomson: Canada Equity Preview

The following is a list of companies whose shares may have unusual price changes in Canada. Symbols are in parentheses after company names and prices are from yesterday's close in Toronto.

The Standard & Poor's/TSX Composite Index (SPTSX) fell 64.75, or 0.5 percent, to 12,867.20.

Air Canada (AC/A CN): The country's largest airline reported fourth-quarter net income of C$35 million ($34.7 million), rebounding from a loss of C$144 million a year earlier with the help of a stronger Canadian dollar. Revenue increased 4 percent to C$2.51 billion, the Montreal-based airline said in a statement.

Air Canada, a unit of ACE Aviation Holdings Inc. (ACE/H) (ACE/A CN), said the results weren't directly comparable with the year-earlier period, which reflected its parent company's greater stake in the Jazz Air regional airline. Air Canada (AC/A) gained 30 cents, or 3.8 percent, to C$8.19, while ACE Aviation rose 13 cents to C$22.13.

Bell Aliant Regional Communications Income Fund (BA-U CN): The Halifax, Nova Scotia-based telecommunications company was raised to ``buy'' from ``hold'' by analyst Peter Macdonald at GMP Securities LP. The stock rose 33 cents, or 1.2 percent, to C$28.07.

Brookfield Properties Corp. (BPO) : The owner of New York's World Financial Center said that fourth-quarter earnings rose five-fold to $105 million, or 26 cents a share, from $21 million, or 5 cents, on higher rents. Funds from operations increased to $187 million, or 47 cents a share, from $125 million, or 35 cents, a year earlier, Brookfield said. The shares fell 15 cents to C$20.60.

Husky Energy Inc. (HSE) : The oil and gas explorer controlled by Hong Kong billionaire Li Ka-shing said output at its White Rose field offshore eastern Canada resumed after the company completed maintenance work at the SeaRose FPSO production vessel. White Rose is producing 130,000 barrels per day, Calgary-based Husky said in a Market Wire statement. The stock fell 23 cents, or 0.6 percent, to C$41.03.

Jazz Air Income Fund (JAZ-U CN): The operator of the Jazz Air regional carrier in partnership with Air Canada said fourth-quarter profit climbed 9.9 percent to C$35.1 million ($34.9 million). Revenue rose 5.8 percent to C$372.1 million, the Halifax, Nova Scotia-based airline said today in a Canada Newswire statement. The stock was unchanged at C$7.75.

Polymet Mining Corp. (PLM) : The miner of platinum and other non-ferrous metals was initiated at ``buy'' in new coverage by analyst Gregory Mckinley at Dougherty & Company LLC. The stock lost 3 cents to C$2.87.

Thomson Corp. (TOC CN): The financial-information provider buying Reuters Group Plc said that fourth-quarter profit gained 11 percent to $434 million, or 67 cents a share, from $391 million, on rising demand for its WestLaw legal database and investment-management services.

Sales rose 9.9 percent to $2.03 billion, compared with the $2.01 billion average of three analysts' estimates compiled by Bloomberg. Thomson increased its annual dividend by 10 cents a share to $1.08. The shares added 71 cents, or 2.1 percent, to C$35.14.

To contact the reporter on this story: John Kipphoff in Toronto at jkipphoff@bloomberg.net; Jeff Kearns in New York at jkearns3@bloomberg.net.

To contact the editor responsible for this story: Chris Nagi at chrisnagi@bloomberg.net.

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