Bombardier, Goldcorp, Thomson Reuters: Canada Equity Preview

By John Kipphoff

Sept. 19 (Bloomberg) -- The following companies may have unusual price changes in Canadian trading. Stock symbols are in parentheses, and share prices are from yesterday's close.

The Standard & Poor's/TSX Composite Index gained 1.6 percent to 12,064.57 yesterday in Toronto. The main Canadian equity benchmark has fallen 5.5 percent in four days and is poised for a third-straight weekly decline.

Bombardier Inc. (BBD/B CN): A Bombardier aircraft flown by All Nippon Airways Co. was diverted to Fukuoka airport from Osaka in western Japan after a warning light signaled a landing gear door wasn't fully shut. The DHC-Q400, carrying 37 passengers and crew, landed safely, Tokyo-based spokeswoman Nana Kon said by telephone. Bombardier shares fell 4.2 percent to C$6.10.

Goldcorp Inc. (G CN): The world's second-largest gold mining company was raised to ``neutral'' from ``underweight'' by HSBC analyst Victor Flores in New York. The shares dropped 6.7 percent to C$30.61.

Gluskin Sheff + Associates Inc. (GS CN): The asset- management company announced a special dividend of 28 cents a share payable Oct. 23 to stockholders of record on Oct. 1. The firm also raised its regular quarterly dividend to 12 cents a share from 11 cents, beginning with the first quarter of fiscal 2009, Toronto-based Gluskin Sheff said in a statement on Market News. The shares fell 0.3 percent to C$15.

Sceptre Investment Counsel Ltd. (SZ CN): The fund management company reported third-quarter profit fell 11 percent to C$1.9 million (1.8 million). Sales slid 7.4 percent to C$9.3 million, as negative investment returns reduced mutual fund and private client assets and revenue, Toronto-based Sceptre said in a statement on Market Wire. The shares fell 1.1 percent to C$8.89.

Thomson Reuters Corp. (TRI CN): The financial news and data provider's controlling Thomson family said yesterday that it may sell as many as 10 million of the Toronto-listed common shares and buy ordinary Thomson Reuters Plc (TRIL LN) shares in London with the proceeds. Based on closing prices, the British stock is trading 25 percent below the Toronto equity.

Separately, Thomson Reuters was downgraded today to ``sell'' from ``buy'' at Deutsche Bank AG, which said worsening turmoil in financial markets will curb growth. Thomson Reuters Corp. shares rose 6.9 percent to C$32.52. Thomson Reuters Plc gained 11 percent in London trading today.

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