TORONTO — Some of the most active companies traded Wednesday on the Toronto Stock Exchange:
Toronto Stock Exchange (16,121.38, down 90.14 points.)
NuVista Energy Ltd. (TSX:NVA). Energy. Up one cent, or 1.59 per cent, to 64 cents on 17.9 million shares.
Bank of Nova Scotia. (TSX:BNS). Financials. Down 12 cents, or 0.22 per cent, to $55.32 on 15.4 million shares.
Bombardier Inc. (TSX:BBD.B). Industrials. Down 1.5 cents, or 4.35 per cent, to 33 cents on 8.6 million shares.
Enbridge Inc. (TSX:ENB). Energy. Down 70 cents, or 1.77 per cent, to $38.90 on 7.7 million shares.
Kinross Gold Corp. (TSX:K). Materials. Down 21 cents, or 1.76 per cent, to $11.75 on 7.2 million shares.
Algonquin Power & Utilities Corp. (TSX:AQN). Utilities. Up 17 cents, or 0.89 per cent, to $19.34 on 7.1 million shares.
Companies in the news:
Bombardier Inc. — Uncertainty continues to mount around the US$500-million sale of Bombardier Inc.’s aerostructures business to Spirit AeroSystems, as the Kansas-based company warns that a failed transaction could pave the way for a legal dispute with the Quebec plane maker. Spirit filed documents with U.S. regulatory authorities Tuesday confirming that the deal may not close by the drop-dead date of Oct. 31, which it says could prompt litigation from Bombardier. The company noted it believes it has complied with all its commitments under the agreement. The document arrives one week after Spirit submitted forms stating the deal will automatically terminate if conditions are not satisfied before November.
Telus Inc. (TSX:T). Down 41 cents or 1.7 per cent to $23.43. The Medisys Health Group and its affiliate Copeman Healthcare say they paid an unspecified ransom to retrieve personal information for about 60,000 clients after detecting a security breach on Aug. 31. An email from Medisys head office in Montreal says privacy officials were notified Sept. 4, four days after the breach was discovered, and began notifying customers last week. They say hackers got demographic information, such as ages and addresses, and some personal health numbers but no financial information or social insurance numbers. Medisys and Copeman’s websites — which note they belong to Telus — say their security consultants paid the ransom and confirmed the hackers didn’t tamper with the data.
Kinross Gold Corp. — Kinross Gold Corp. is moving to secure additional supply for its Alaska gold operations by buying a controlling interest in the Peak Gold project from Royal Gold, Inc., and Contango Ore, Inc., for $125 million. Toronto-based Kinross has agreed to pay Royal Gold about $66 million for its entire 40 per cent stake and $59.6 million for half of Contango’s 60 per cent share, leaving Contango with a minority 30 per cent holding. The miner says it plans to process ore from the open-pit Peak Gold mine at its existing Fort Knox mine, 400 kilometres to the northwest, to reduce costs and extend the life of the existing mill and infrastructure.
This report by The Canadian Press was first published Sept. 30, 2020.
The Canadian Press