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Mon, 9 Oct 2006 12:39:55 EDT
Nova Chemicals and Rentcash: Canadian Equity Preview (Correct)
By Nick Baker
(Corrects first paragraph to add that Canadian markets are closed today for a holiday.)
Oct. 8 (Bloomberg) -- The following is a list of companies whose shares may have unusual price changes in Canadian markets tomorrow. This preview includes news that broke after markets closed on Oct. 6. Toronto markets are closed today for the Canadian Thanksgiving holiday. Symbols are in parentheses after company names and prices are from the last close.
The Standard & Poor's/TSX Composite Index fell 59.11, or 0.5 percent, to 11,690.89 on Oct. 6.
Nova Chemicals Corp. (NCX CN): The largest Canadian chemical maker countersued Dow Chemical Co. (DOW US), the largest U.S. producer, for $300 million as the companies accused each other of wrongfully diverting products from their Alberta joint venture. Nova rose 60 cents, or 1.7 percent, to C$35.34.
Rentcash Inc. (RCS CN): Canadian payday loan companies, which can charge annual interest rates as high as 60 percent, may face tighter regulations following Criminal Code changes announced by the federal government. Rentcash, the largest Canadian payday lender by branches, rose 35 cents, or 4.3 percent, to C$8.50.
To contact the reporter on this story: Nick Baker in New York at nbaker7@bloomberg.net .
Last Updated: October 9, 2006 08:03 EDT
