Canada SP/TSX Little Changed as Railroads Fall, RIM Rises

Canadian stocks were little changed after two brokerages downgraded shares of Canadian Pacific Railway Ltd.

Canadian Pacific, the county's second-largest rail company, lost C$3.03 to C$85.97. Canadian National Railway Co., the country's largest rail company, led declines in the benchmark index, dropping C$1.09 to C$59.56. Research in Motion Ltd, maker of the BlackBerry e-mail phone, rose C$3 to C$244.35

Credit Suisse cut Canadian Pacific to ``neutral'' from ``outperform.'' RBC Capital Markets reduced its rating on the shares to ``sector perform'' from ``outperform.''

The S&P/TSX Composite Index fell from a record, losing 16.37, or 0.1 percent, to 14,567.29.

source:bloomberg.com