Diary - Today in Canada April 11

Thu Apr 11, 2013 6:14am EDT

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TODAY IN CANADA

COMPANY NEWS

Fairfax Financial Holdings Ltd, the insurer run by contrarian investor Prem Watsa, will hold its annual meeting in Toronto, giving Watsa a chance to spell out his views on market risks and his reasons for hedging the company's equity exposure.

Retailer Hudsons Bay Co, which also owns the U.S. Lord And Taylor chain, reports fourth quarter and fiscal year-end results for the period ended Feb. 2.

Canadian media company Corus Entertainment Inc reports quarterly earnings. The average forecast from 7 analysts surveyed by Thomson Reuters I/B/E/S is for a profit of C$0.36 per share, compared with a profit of C$0.38 a share in the year-ago quarter.

Sandvine Corp, a network equipment maker, is likely to post a first-quarter profit on higher orders. Analysts on average expected the company to earn 1 cent on revenue of $24.1 million, according to Thomson Reuters I/B/E/S.

Astral Media Inc, which is waiting for regulators to rule on its revised proposal to be acquired by BCE Inc , reports quarterly earnings. The average forecast from 3 analysts surveyed by Thomson Reuters I/B/E/S is for a profit of C$0.70 per share, compared with a profit of C$0.69 a share in the year-ago quarter.

Canadian media and telecom company Cogeco Inc and its main unit Cogeco Cable Inc report quarterly earnings. For Cogeco Cable, the average forecast from five analysts surveyed by Thomson Reuters I/B/E/S is for a profit of C$1.11 per share, compared with a profit of C$0.63 a share in the year-ago quarter.

ECONOMIC NEWS

Statistics Canada data is expected to show the price of new homes in Canada rose 0.2 percent in February from January, compared with a 0.1 percent rise a month earlier. Activity in Canada's once hot housing market slowed dramatically following the federal government's move last summer to tighten mortgage rules. Yet prices have held steady, fueling a debate about whether the market faces a hard or soft landing.

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