Economic Calendar

Wednesday, September 23, 2009

AGF, Northgate Minerals, Yellow Pages: Canadian Stock Preview

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By Matt Walcoff

Sept. 22 (Bloomberg) -- Shares of the following companies may have unusual moves in Canadian trading tomorrow. Stock symbols are in parentheses.

The Standard & Poor’s/TSX Composite Index rose 161.12 points, or 1.4 percent, to 11,585.73.

AGF Management Ltd. (AGF/B CN): The mutual-fund distributor reports third-quarter earnings before the market opens. The eight analysts surveyed by Bloomberg, on average, expect the company to report profit fell to 23.9 cents a share, excluding certain items, from 46 cents a share in the third quarter of last year.

Northgate Minerals Corp. (NGX CN): The gold and copper producer that mines in Canada and Australia said it will issue at least 34.3 million shares at C$2.92 a share, in part to finance its Young-Davidson gold-mining project in northern Ontario. Company shares rose 1.3 percent to C$3.08 before the announcement. Northgate had 256 million shares outstanding as of Aug. 31.


Yellow Pages Income Fund (YLO-U CN): Marc Tellier, chief executive of the directory publisher, speaks to the CIBC Eastern Institutional Investor Conference in Montreal. Yellow Pages shares have surged 18 percent during a seven-day streak of gains.

To contact the reporter on this story: Matt Walcoff in Toronto at mwalcoff1@bloomberg.net.



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