Some of the most active companies traded Thursday on the Toronto Stock Exchange:
Toronto Stock Exchange (15,621.47, down 6.46 points)
Bombardier Inc. (TSX:BBD.B). Aerospace, rail equipment. Up seven cents, or 1.78 per cent, to $4.00 on 16.2 million shares.
Cenovus Energy Inc. (TSX:CVE). Oil and gas. Down 13 cents, or 0.99 per cent, to $12.99 on 11.2 million shares.
Neovasc Inc. (TSX:NVC). Medical devices. Up half a cent, or 8.33 per cent, to 5.5 cents on 10.8 million shares.
Crescent Point Energy (TSX:CPG). Oil and gas. Down 88 cents, or 7.82 per cent, to $10.38 on 9.03 million shares.
Baytex Energy Corp. (TSX:BTE). Oil and gas. Down six cents, or 1.03 per cent, to $5.74 on 8.8 million shares.
Manulife Financial Corp. (TSX:MFC). Financial Services. Up 32 cents, or 1.36 per cent, to $23.77 on 7.9 million shares.
Companies reporting major news:
BCE Inc. (TSX:BCE). Media. Down 72 cents, or 1.34 per cent, to $53.20 on 2.4 million shares. The telecommunications giant will spend about $20 billion on its Bell networks over the next five years so its wireless and fiber optic networks can meet soaring demand by adding more speed and new capabilities, CEO George Cope said Thursday. Most of the $4 billion per year that the company will spend annually will be on broadband wireless, internet and IPTV networks, that will serve residential and mobile customers.
Canadian Natural Resources Ltd. (TSX:CNQ). Oil and gas. Down $1.01, or 2.17 per cent, to $45.47 on 3.6 million shares. The company says it choked back heavy oil production by about 17,000 barrels per day in the first quarter to avoid selling at low prices it blames on poor pipeline capacity out of Western Canada. It says it is now gradually ramping up output from its heavy oil wells in northern Alberta as the discount being paid for Western Canadian Select grade oil has narrowed in comparison to New York-traded West Texas Intermediate.
Loblaw Companies Ltd. (TSX:L). Grocer. Down 80 cents, or 1.22 per cent, to $64.65 on 431,740 shares. Shareholders of Canada’s largest grocer rejected a proposal that it determine the feasibility of paying its employees a living wage — one that varies by location and is calculated by its cost of living.
The Canadian Press