Economic Calendar

Thursday, September 4, 2008

Bombardier, First Calgary, Reitmans: Canadian Equity Preview

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By John Kipphoff

Sept. 4 (Bloomberg) -- The following companies may have unusual price changes in Canadian trading tomorrow. Stock symbols are in parentheses, and share prices are from the previous close.

The Standard & Poor's/TSX Composite Index fell 1.2 percent to 13,137.72.

Bombardier Inc. (BBD/B CN): The world's third-largest maker of commercial aircraft is scheduled to report fiscal second- quarter results. Analysts are forecasting a profit of 11 cents a share, based the average of 11 estimates compiled by Bloomberg. The shares rose 4.5 percent to C$8.40.

First Calgary Petroleums Ltd. (FCP CN): The Canadian developer of a $1.3 billion natural gas project in Algeria soared before reporting that it received proposals for the sale of all or parts of the company. First Calgary jumped 41 percent to C$3.32 before trading was halted ahead of the announcement.

Reitmans (Canada) Ltd. (RET/A CN): The owner of its namesake and Smart Set women's clothing may say that second- quarter profit was 44 cents a share before one-time items, the average estimate of five analysts surveyed by Bloomberg. The shares fell 0.6 percent to C$15.95.

To contact the reporter on this story: John Kipphoff in Toronto at jkipphoff@bloomberg.net.


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