Ballard, Clearwater, Lundin, Tim Hortons: Canada Equity Preview

The following is a list of companies whose shares may have unusual price changes in Canada. Stock symbols are in parentheses after company names and prices are from the last close in Toronto.

The Standard & Poor's/TSX Composite Index rose 100.18, or 0.7 percent, to 13,705.14.

Ballard Power Systems Inc. (BLD CN): The fuel cell maker said that Transport for London, the U.K. capital's public transport agency, chose Ballard fuel cells to power five buses starting in 2009. Shares of Ballard, which last week agreed to sell its automotive fuel-cell business to stakeholders Daimler AG and Ford Motor Co., gained 6 cents, or 1.2 percent, to C$4.90.

Clearwater Seafoods Income Fund (CLR-U CN): The seafood producer said cash distributable to shareholders tumbled 44 percent to C$5.8 million as the soaring Canadian dollar reduced earnings from abroad. Trustees of the income fund began a search for ``strategic alternatives available to maximize unitholder value.'' The shares gained 1 cent to C$4.36.

Lundin Mining Corp. (LUN CN): The company, which bought more than C$2 billion ($2.09 billion) in base-metal assets this year, was rated ``outperform,'' with a 12-month share-price forecast of C$14, in new coverage by Credit Suisse's Ralph Profiti. The Toronto-based analyst wrote in a research note that Lundin has ``one of the better mixes'' of assets among mid-sized global base metals producers. The shares fell 34 cents, or 3.3 percent, to C$10.09.

Martinrea International Inc. (MRE CN): The car-parts maker said fourth-quarter profit will be 18 cents to 21 cents share. Analysts expect 28 cents, the average estimate in a Bloomberg survey. The shares fell 6 cents, or 0.4 percent, to C$13.77.

Peyto Energy Trust (PEY-U CN): The Calgary-based natural gas producer announced a special meeting for Dec. 14 at which shareholders can vote on a proposed reorganization of the income fund. Under the plan, Peyto and its subsidiaries would convert into a limited partnership indirectly controlled by the trust and cash distributions would remain unchanged, according to a statement carried on Canada NewsWire. Peyto shares rose 47 cents, or 2.8 percent, to C$17.12.

Tim Hortons Inc. (THI CN): Billionaire Nelson Peltz's Trian hedge funds sold its stake in doughnut chain Tim Hortons. The shares added 1 cent to C$37.31

Urbana Corp. (URB CN): The investor in securities and commodities exchanges bought another Chicago Board Options Exchange membership for $2.9 million. The shares fell 24 cents, or 5.3 percent, to C$4.30.
microcapknowlege.com