Standard & Poor's Announces Changes In S&P/TSX Canadian Indices



    TORONTO, Oct. 24 /CNW/ - Standard & Poor's Canadian Index Operations
announces the following index changes:

    
    -  The shareholders of Alcan Inc. (TSX:AL) have accepted the $US101.00
       per share offer from Rio Tinto (LSE:RIO). Alcan will be removed from
       the S&P/TSX Composite and Capped Composite, the S&P/TSX Equity and
       Capped Equity, the S&P/TSX 60, 60 Capped and Equity 60, the S&P/TSX
       Capped Materials and the S&P/TSX Global Mining Indices. Cott
       Corporation (TSX:BCB) and Celestica Inc. (TSX:CLS) will also be
       removed from the S&P/TSX 60, 60 Capped and Equity 60 Indices and will
       be placed in the S&P/TSX Completion and Equity Completion indices.
       Gildan Activewear Inc. (TSX:GIL), Inmet Mining Corporation (TSX:IMN)
       and Uranium One Inc. (TSX:UUU) will be removed from the S&P/TSX
       Completion and Equity Completion indices and placed in the S&P/TSX 60,
       60 Capped and Equity 60 indices. These transactions will be effective
       after the close of Wednesday, October 31, 2007.
    -  The shareholders of Abitibi-Consolidated Inc. (TSX:A) have approved
       the merger with Bowater Incorporated (NYSE:  BOW) that will create
       AbitibiBowater Inc. Abitibi Consolidated Inc. will be removed from the
       S&P/TSX Composite and Capped Composite, the S&P/TSX Equity, Capped
       Equity and Equity Completion, the S&P/TSX Completion and the S&P/TSX
       Capped Materials Indices. The transaction will be effective after the
       close on Friday October 26, 2007.
    

    Company additions to and deletions from an S&P equity index do not in any
way reflect an opinion on the investment merits of the company.

    About Standard & Poor's

    Standard & Poor's, a division of The McGraw-Hill Companies (NYSE:  MHP), is
the world's foremost provider of financial market intelligence, including
independent credit ratings, indices, risk evaluation, investment research and
data. With approximately 7,500 employees, including wholly owned affiliates,
located in 21 countries, Standard & Poor's is an essential part of the world's
financial infrastructure and has played a leading role for more than 140 years
in providing investors with the independent benchmarks they need to feel more
confident about their investment and financial decisions. For more
information, visit http://www.standardandpoors.com

    Founded in 1888, The McGraw-Hill Companies is a leading global
information services provider meeting worldwide needs in the financial
services, education and business information markets through leading brands
such as Standard & Poor's, BusinessWeek, McGraw-Hill Education and J.D. Power
and Associates. The Corporation has more than 240 offices in 36 countries.
Sales in 2005 were $6.0 billion. Additional information is available at
http://www.mcgraw-hill.com.




For further information:

For further information: Tony North, Tel. (416) 507-3200,
sp_index@standardandpoors.com; Dave Guarino, (212) 438-1471,
dave_guarino@standardandpoors.com

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Standard & Poor's Canadian Index Operations

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