Some of the most active companies traded Wednesday on the Toronto Stock Exchange:
Toronto Stock Exchange (14,264.06, down 152.83 points).
Bombardier Inc. (TSX:BBD.B). Industrials. Down six cents, or 3.11 per cent to $1.87 on 22.5 million shares.
Enbridge Inc. (TSX:ENB). Energy. Up $1.06, or 2.56 per cent, to $42.44 on 19.7 million shares.
Baytex Energy Corp. (TSX:BTE). Energy. Up 17 cents, or 8.5 per cent, to $2.17 on 11 million shares.
Aurora Cannabis Inc. (TSX:ACB). Health care. Down 30 cents, or 4.03 per cent, to $7.14 on 9.1 million shares.
Kinross Gold Corp. (TSX:K). Gold. Down 28 cents, or 6.76 per cent, to $3.86 on 8.1 million shares.
Manulife Financial Corp. (TSX:MFC). Financials. Up one cent, or 0.05 per cent, to $19.52 on 7.8 million shares.
Companies reporting major news:
Home Capital Group Inc. (TSX:HCG). Down $2.48 or 15 per cent to $14. Home Capital Group says Warren Buffett’s Berkshire Hathaway Inc. is reducing its stake in the mortgage lender to less than 10 per cent. Buffett’s investment firm helped restore confidence in the lender following accusations that it misled investors by acquiring a nearly 20-per-cent stake in Home Capital in 2017. Buffett says with the full repayment of the $2 billion credit line, Berkshire’s investment in Home Capital is now not of a size to justify the firm’s ongoing involvement.
Royal Bank of Canada (TSX:RY). Down $1.12 or 1.2 per cent to $92.68. Royal Bank is denying a report that it was able to read, write and delete users’ messages on the social networking website Facebook. The New York Times has published a story claiming Facebook gave RBC, along with Spotify and Netflix, the ability to see private messages between its users. RBC says it was given permission to send messages to Facebook users from 2013 to 2015 when it offered a mobile app service that enabled customers to send money to their friends through the social network. It says it did not have the ability to see users’ messages.
The Canadian Press