Investor Alert

Aug. 30, 2012, 8:56 a.m. EDT


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By MarketWatch

Listed below are the stocks expected to move during Thursday's trading session. They are listed with Wednesday's closing prices.

Bank of Nova Scotia (BNS, C$53.60, up 1.3%) said late Wednesday it has agreed to buy ING Bank of Canada from its Dutch parent, ING Groep NV, for C$3.1 billion.

Three of Canada's big six banks - Canadian Imperial Bank of Commerce (CM, C$76.38, up 0.5%), Royal Bank of Canada (RY, C$54.60, up 0.8%) and Toronto-Dominion Bank (TD, C$81.52, up 0.6%) - reported robust third-quarter profits early Thursday and hiked their dividends.

Canadian Western Bank (CWB.T, C$27.64, up 1.2%), which provides banking services in Canada's four westernmost provinces, said third-quarter earnings were a record C$48 million or 61 Canadian cents a share.

Russel Metals Inc. (RUS.T, C$24.80, down 0.1%) said it has entered a letter of intent to buy Apex Distribution Inc., an oilfield supply company with annual revenue of about C$500 million. It said the purchase price, which wasn't disclosed, will consist of cash at closing and an earn out based on future earnings.

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