The Globe and Mail reports in its Saturday edition that S&P Dow Jones Indices said Friday it is cutting from the S&P/TSX Composite Index Dye & Durham and Telus International, as part of its quarterly changes. The Globe's David Milstead writes that it will also remove Endeavour Silver and Park Lawn. It will add just two companies: Kelt Exploration and New Gold. No changes are being made to the S&P/TSX 60, a selection of most of the largest companies in the composite. The changes will be effective at the open of markets on Dec. 18. S&P Dow Jones uses "float" -- the value of shares that are not held by insiders and that therefore trade frequently and are easily available to the public -- to judge whether a company should be included in its indexes. The index provider does not release its proprietary float calculations. To stay in the composite, a company's float must not drop below 0.025 per cent, or 2.5 hundredths of a percentage point, of the total value of the index. Dye & Durham's shares are down more than 15 per cent this year, while Telus International has dropped more than 60 per cent. Park Lawn has fallen more than 35 per cent, and Endeavour more than 30 per cent.