Most actively traded companies on the TSX

Most actively traded companies on the TSX
Share this article

Some of the most active companies traded Wednesday on the Toronto Stock Exchange:

Toronto Stock Exchange (16,397.40, up 39.65 points).

Kinross Gold Corp. (TSX:K). Materials. Up 11 cents, or 2.71 per cent, to $4.17 on 7.7 million shares.

Manulife Financial Corp. (TSX:MFC). Financials. Up 28 cents, or 1.16 per cent, to $24.46 on 7 million shares.

Element Fleet Management Corp. (TSX:EFN). Financials. Up $1.13, or 13.53 per cent, to $9.48 on 5.9 million shares.

Enbridge Inc. (TSX:ENB). Energy. Up 23 cents, or 0.47 per cent, to $49.52 on 5.6 million shares.

B2Gold Corp. (TSX:BTO). Materials. Down 12 cents, or 3.28 per cent, to $3.54 on 5.6 million shares.

Encana Corp. (TSX:ECA). Energy. Up three cents, or 0.33 per cent, to $9.22 on 5.1 million shares.

Companies reporting:

Torstar Corp. (TSX:TS.B). Up two cents or 2.8 per cent to 74 cents. Torstar’s future depends on it successfully becoming a “journalism and data company” with content that attracts paying subscribers and advertisers, chief executive John Boynton told its annual shareholder meeting Wednesday. He acknowledged that Torstar has a long way to go to completely transform from a legacy business funded by print advertising and subscriptions, but said it has now put in place many of the necessary systems and practices. Torstar also announced it had a smaller loss in the first quarter than a year ago as cost reductions and provincial tax credits partly offset weaker revenue from advertising and flyer distribution.

Barrick Gold Corp. (TSX:ABX). Down 18 cents to $16.94. Barrick Gold reported a lower profit for its first quarter since it completed a merger with Rangold Resources Ltd. at the start of the year and said it has made “rapid progress” on integrating two businesses. It also said its Nevada joint venture agreement is signed and implementation is expected by the end of the second quarter. Barrick reported a first-quarter profit of US$111 million, down from a profit of US$158 million in the same quarter last year. Revenue totalled US$2.09 billion, up from US$1.79 billion in the same quarter last year.

Chorus Aviation Inc. (TSX:CHR). Down 22 cents or 2.9 per cent to $7.40. The head of Chorus Aviation suggested that signs of a slowing global economy would work in its favour. Chief executive Joe Randell said during economic downturns, airlines typically contract more flying to their regional partners to lower costs and increase their utilization of smaller aircraft. Chorus reported a first-quarter profit of $33.4 million, boosted by an unrealized foreign exchange gain related to its long-term debt, while operating revenue totalled $343.9 million, up from $323.7 million.

Hudson’s Bay Co. (TSX:HBC). Down 10 cents to $7.21. Canada’s competition watchdog says the Hudson’s Bay Co. will pay $4.5 million to resolve a deceptive pricing probe over whether the retailer misled customers over sleep set prices since at least March 2013. The bureau took legal action against the retailer in 2017, alleging it used deceptive regular price claims and clearance promotions for sets of mattresses and foundations. HBC will ensure marketing of its sleep sets complies with regulations, and establish and maintain a compliance program as part of the agreement.

Home Capital Group Inc. (TSX:HCG). Down 77 cents, or 4.1 per cent to 77 cents. Home Capital says its first-quarter net income slipped by nearly 20 per cent from a year ago despite growth in its mortgage portfolio. The alternative mortgage lender saw mortgage originations rise 4.9 per cent to $1.22 billion during the three-month period ended March 31, compared with $1.16 billion a year earlier. But Home Capital’s earnings for the quarter amounted $27.8 million, compared with $34.6 million in net income during the first quarter of 2018. Home Capital says it expects the Canadian real estate market to be “stable” for the rest of 2019 with “improving affordability, healthy levels of competition and stable interest rates.”

The Canadian Press

Related posts

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.