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Capital Power, Potash Corp., SXC, Teck: Canadian Equity Preview

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Nov. 17 (Bloomberg) -- Shares of the following companies may have unusual moves in Canadian trading.

Bank of Nova Scotia (BNS CT): Canada’s third-largest lender is among potential buyers for a 20 percent stake in Bank of Guangzhou being sold for as much as $850 million by the southern Chinese city, a person with knowledge of the matter said. Ann DeRabbie, a spokeswoman for the Toronto-based bank, declined to comment.

Capital Power LP (CPX CT): The operator of power-generating facilities completed a C$300 million debt offering. The notes have a coupon rate of 5.276% and mature on Nov. 16, 2020. Proceeds will be used to finance a portion of the purchase of the Island Generation facility, repay debt and general corporate purposes.

Frontier Rare Earths Ltd. (FRO CT): The Luxembourg-based mineral exploration company is expected to begin trading on the Toronto Stock Exchange. Frontier set its initial public offering at 17.65 million units at C$3.40 each.

Potash Corp. of Saskatchewan Inc. (POT CT): The world’s largest fertilizer producer by market value said it will buy back up to $2 billion of its stock by Dec. 31.

SXC Health Solutions Corp. (SXC CT): The pharmacy-benefits manager had its rating raised to “buy” from “hold” by Gabriel Leung, an analyst at Paradigm Capital Inc.

Teck Resources Ltd. (TCK/B CT): Canada’s largest base-metals and coal producer raised its semi-annual dividend 50 percent to 30 cents a share as of the dividend payable Jan. 4.

Westport Innovations Inc. (WPT CT): The maker of biogas and natural gas engines may move after Benjamin Salisbury, an analyst at FBR Capital Markets Corp., said U.S. Senate Majority Leader Harry Reid has postponed a vote on a heavy-duty natural gas vehicle incentives bill. The bill

To contact the reporter on this story: Inyoung Hwang in New York at ihwang7@bloomberg.net.

To contact the editor responsible for this story: Nick Baker at nbaker7@bloomberg.net

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