Some of the most active companies traded Monday on the Toronto Stock Exchange:
Toronto Stock Exchange (16,193.41, down 104.14 points).
Roxgold Inc. (TSX:ROXG). Materials. Up two cents, or 2.25 per cent, to 91 cents on 9.8 million shares.
Enbridge Inc. (TSX:ENB). Energy. Up 89 cents, or 1.8 per cent, to $50.30 on 7.4 million shares.
WestJet Airlines Ltd. (TSX:WJA). Industrials. Up $11.09, or 59.88 per cent, to $29.61 on 7.3 million shares.
Manulife Financial Corp. (TSX:MFC). Financials. Down 65 cents, or 2.73 per cent, to $23.15 on 7 million shares.
Barrick Gold Corp. (TSX:ABX). Materials. Up 51 cents, or 3.17 per cent, to $16.60 on 6.3 million shares.
Bombardier Inc. (TSX:BBD.B). Industrials. Down four cents, or 1.88 per cent, to $2.09 on 5.8 million shares.
WestJet Airlines Ltd. (TSX:WJA). — Onex Corp. has signed a friendly deal to buy WestJet Airlines Ltd. in an all-cash transaction of $3.5 billion. Under the agreement announced Monday, Onex will pay $31 per share for WestJet, which will operate as a privately held company. The price represents about a 67 per cent premium to the shares, which closed at $18.52 on Friday. The two companies said the deal, worth about $5 billion including debt, will likely close in the second half of 2019 or early 2020.
Power Financial Corp. (TSX:PWF). Down 92 cents or 2.95 per cent to $30.30. Power Financial posted first-quarter net earnings of $536 million, down from $586 million during the same period a year earlier and missing expectations. The Montreal-based company’s profit during the three-month period ended March 31 amounted to 75 cents per share, a drop from 82 cents during the same quarter in 2018. Analysts on average had expected earnings per share of 78 cents per share, according to Thomson Reuters Eikon. Power Financial holds majority stakes in Great-West Lifeco, IGM Financial and Wealthsimple Financial Corp., as well as a minority stake in Pargesa Holding.
The Canadian Press