Updating CAE INC., BELL ALIANT REGIONAL COMMUNICATIONS INCOME FUND and CANADA BREAD CO. LTD.

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CAE INC. $11 (>www.cae.com) has renewed its pilot-training agreement with European aircraft maker Airbus until 2017. Under this alliance, CAE trains pilots to fly a wide range of Airbus planes at 18 training centres around the world. The need for new pilots is growing as current pilots retire. Long-term deals like this will help CAE profit from this trend. Best Buy. BELL ALIANT REGIONAL COMMUNICATIONS INCOME FUND $27 (>www.bellaliant.ca) earned $0.47 a unit in the three months ended September 30, 2010, down 23.0% from $0.61 a year earlier. A charge related to the early redemption of notes accounted for about half of the decline. Cash flow per share fell 6.9%, to $0.84 from $0.91. Bell Aliant continues to lose phone customers. But it has been investing in its high-speed Internet networks. That should help it hang on to more clients, and attract new ones. Buy. CANADA BREAD CO. LTD. $45 (>www.canadabread.ca) earned $0.85 a share in the three months ended September 30,…