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That was up from a profit of C$45million, or 36 Canadian cents a share, a year earlier. * Q1 EPS C$1.38 vs 36 Canadian cents a year ago Stocks | Mergers & Acquisitions | Bonds * Says sees recession continuing for rest of 2009 * Books C$175 mln gain on Cineplex Galaxy sale * Says its companies well positioned to endure downturn TORONTO, May 13 (Reuters) - Canadian private-equity firmOnex Corp (OCX.TO) reported a jump in quarterly profit onWednesday, but said it still expects the recession to continuefor the balance of 2009 despite "glimmers of optimism." Onex, which has investments in industries as diverse aselectronics manufacturing, health care and cosmetics, earnedC$169 million ($143.2 million), or C$1.38 a share, in the threemonths ended March 31. It said the 23 companies had at least a 50 percent chanceof being downgraded within 90 days. (Reporting by Jonathan Stempel; Editing by Richard Chang) Stocks Regulatory News Bonds Funds News ETFs News. S&P on May 4 said it may lower its ratings for 23 U.S.banks and thrifts, including 10 that underwent stress tests,citing concern about the industry's capitalization. The other nine,Tennessee Volunteers neyland stadium including JPMorgan Chase & Co (JPM.N) andGoldman Sachs Group Inc (GS.Tennessee Volunteers neyland stadium tickets N), got clean bills of health whenstress test results were released on May 7.
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