Some of the most active companies traded Monday on the Toronto Stock Exchange:
Toronto Stock Exchange (15,071.01, down 84.49 points).
Bombardier Inc. (TSX:BBD.B). Up 40 cents, or 23.95 per cent, to $2.07 on 44.5 million shares.
Aurora Cannabis Inc. (TSX:ACB). Health care. Down 37 cents, or 4.41 per cent, to $8.02 on 9.6 million shares.
Crescent Point Energy Corp. (TSX:CPG). Energy. Down four cents, or 0.8 per cent, to $4.96 on 6.1 million shares.
Baytex Energy Corp. (TSX:BTX). Energy. Down two cents, or 0.77 per cent, to $2.58 on 5.3 million shares.
Moneta Porcupine Mines Inc. (TSX:ME). Metals. Up 1.5 cents, or 18.75 per cent, to 9.5 cents on 5.2 million shares
Cenovus Energy Inc. (TSX:CVE). Energy. Down seven cents, or 0.66 per cent, to $10.60 on 5.1 million shares.
Companies reporting major news:
Bombardier Inc. (TSX:BBD.B). Bombardier shares rebounded almost 24 per cent after hitting a multi-year low following a regulatory review of the company’s executive stock disposition plan. The Montreal-based company’s stock gained 40 cents to close at $2.07 Monday on the Toronto Stock Exchange. The increase essentially put the stock back to the level it was at before Friday’s dramatic decrease to $1.58. Even at the current level, Bombardier’s shares have lost half their value in the past month and are down 16 per cent from their closing price after it disclosed free cash flow guidance for 2018 and 2019 that surprised and disappointed analysts.
Yellow Pages Ltd. (TSX:Y). Down 15 cents to $5.97. Yellow Pages says its lockout of sales representatives in the province of Quebec has been lifted after they ratified a new three-year collective agreement. The Montreal-based publisher of digital and paper-based advertising announced Sunday that the 130 workers it locked out in mid-September were scheduled to return to work immediately but neither the company nor the union released details about the terms of the new contract.
Fairfax Financial Holdings Ltd. (TSX:FFH). Down $5.50 to $605.50. Fairfax says it has bought a 13.7 per cent stake in steel producer Stelco Holdings Inc. for roughly $250 million. The insurance-focused financial services company says it has acquired 12.2 million common shares of the Hamilton-based firm for $20.50 each. That price represents a 4.2 per cent premium to Stelco’s closing price of $19.67 on Friday. Stelco Holdings owner Bedrock Industries says it sold the shares to Fairfax and its subsidiaries via a private share purchase agreement and trimmed it stake to about 46 per cents from 60 per cent before the sale.
Trinidad Drilling Ltd. (TSX:TDG). Up six cents or 3.7 per cent to $1.67. Ensign Energy Services Inc. says it will give Trinidad Drilling Ltd. shareholders less time to think about its hostile takeover bid, moving up its deadline for acceptance to Nov. 27 from Dec. 13. That move puts its deadline ahead of a Dec. 11 meeting called by Trinidad to allow shareholders to vote on a friendly all-shares merger with Precision Drilling Corp., the largest driller in Canada.
The Canadian Press
