By John Kipphoff
Nov. 26 (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 in Toronto.
The Standard & Poor’s/TSX Composite Index added 1.99 points, or less than 0.1 percent, to 8,442.86.
Canadian National Railway Co. (CNR CN): The nation’s largest railroad and its smaller rival Canadian Pacific Railway Ltd. (CP CN) lost a bid at the federal court of appeals to reverse a government-ordered rate cut for grain shipments.
Canadian National, which had sales of C$7.9 billion in 2007, said the decision will reduce annual grain revenue by C$23 million ($19 million). Canadian National fell 0.6 percent to C$42.95. Canadian Pacific dropped 2.4 percent to C$37.74.
Rogers Sugar Income Fund (RSI-U CN): The owner of a sugar manufacturer said that the Toronto Stock Exchange authorized it to buy back more than 6.38 million of its units, or 10 percent of the total outstanding. Recent prices of the units do not reflect their value, Montreal-based Rogers Sugar said in a statement on Marketwire. The units rose 2 percent to C$3.54.
To contact the reporter on this story: John Kipphoff in Toronto at jkipphoff@bloomberg.net.
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