Aurelian Resources Was Stolen By Kinross and Management But Will Not Be Forgotten

The company whose shareholders were better than its management

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Who will replace BCE and other expected changes to TSX indices
Posted: March 06, 2008, 9:01 AM by Jonathan Ratner

With Standard & Poor’s quarterly rebalance of the benchmark TSX index expected to be announced by March 14, with the changes to take effect after markets close on Thursday, March 20, CIBC World Markets analyst Yin Luo has again previewed what may be coming.

Cott Corp. will likely be removed, while eight names (Timminco, Aurelian Resources, Birchcliff Energy, European Goldfields, Mercator Minerals, Jaguar Mining, Taseko Mines and Canadian Hydro Developers) should be added, he told clients in a note.

As for the company that will fill BCE Inc.’s spot on the TSX 60 if its buyout succeeds, Fortis Inc. is the most likely candidate, Mr. Luo said, adding that Finning International Inc. and Saputo Inc. are also in the running.

The analyst also pointed to several corporate actions to watch in the coming weeks, including Trinidad Energy Services Income Trust’s conversion to a corporation, TSX Group Inc.’s acquisition of Montreal Exchange Inc., and Toronto-Dominion Bank’s share issuance to fund the purchase of Commerce Bancorp.

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