BCE, Dollarama, Enbridge, Finning, RIM, Vicwest: Canadian Equity Preview
BCE Inc. (BCE CT): The phone company’s chief executive officer, George Cope, is scheduled to address the BMO Capital Markets Media & Telecom Investor Conference at 11:15 a.m. in Toronto. BCE, Canada’s largest phone company, last week agreed to buy the shares of broadcaster CTV it doesn’t already own for C$1.3 billion ($1.27 billion).
Dollarama Inc. (DOL CT): The country’s biggest chain of dollar stores said it earned 37 Canadian cents a share in the second quarter, excluding certain items, beating the average of eight analyst estimates by 6 percent.
Enbridge Inc. (ENB CT): The pipeline company’s U.S. affiliate said it shut its Line 10, which runs from Westover, Ontario, to Kiantone, New York, to investigate a possible leak. Three of the affiliate’s pipelines have been temporarily shut since July.
Finning International Inc. (FTT CT): The Caterpillar- equipment dealer had its rating raised to “outperform” from “sector perform” by Sara O’Brien, an analyst at Royal Bank of Canada.
Research In Motion Ltd. (RIM CT): The BlackBerry maker has received an additional two months to address India’s security concerns about the smartphones, Telecommunications Minister Andimuthu Raja said today in New Delhi.
Vicwest Income Fund (VIC-U CT): The maker of building products said it will sell C$50 million in debt that can be converted into stock.