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Canadian Pacific, Shoppers Drug Mart: Canadian Equity Preview

Shares of the following companies may have unusual moves in Canadian trading.

Canadian Pacific Railway Ltd. (CP CT): Canada’s second-largest railroad said it will issue $350 million in debt to raise funds for a voluntary prepayment to its defined benefit pension plans.

Crescent Point Energy Corp. (CPG CT): The company, which produces oil and gas in western Canada, said it will sell 10.3 million shares at C$36.60 a share, in part to fund an increased plan of capital expenditures and a land acquisition. The shares rose 0.2 percent to C$37.39 before the announcement.

Shoppers Drug Mart Corp. (SC CT): The retailer’s chief executive officer, Jurgen Schreiber, is scheduled to address the Scotia Capital Back to School Conference at 11:40 a.m. in Toronto. Shoppers is Canada’s largest drug-store chain.

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