TORONTO – Some of the most active companies traded Thursday on the Toronto Stock Exchange and the TSX Venture Exchange:
Toronto Stock Exchange (14,588.89, down 84.84 points):
Bombardier Inc. (TSX:BBD.B). Transportation. Down 30 cents, or 7.14 per cent, to $3.90 on 42.6 million shares. Air Canada decided not to immediately replace its remaining fleet of narrow-body Embraer E190s with the transport giant’s CSeries airliners. The carrier said that the 90-seat aircraft are still relatively young and it prefers to avoid more capital expenditures and debt as it focuses on adding 37 Boeing 787 Dreamliners and retrofitting 18 Boeing 777s with more seats.
Twin Butte Energy Ltd. (TSX:TBE). Oil and gas. Down five cents, or 2.69 per cent, to $1.81 on 11.7 million shares.
Caza Oil & Gas Inc.(TSX:CAZ). Oil and gas. Up 4.5 cents, or 16.36 per cent, to 32 cents on 7.7 million shares.
Air Canada (TSX:AC.B). Airline. Down 31 cents, or 3.77 per cent, to $7.91 on 6.7 million shares. It posted an adjusted net loss of $132 million, or 46 cents per diluted share, compared with a net loss of $143 million, or 52 cents per share, year over year as it was impacted by a lower Canadian dollar.
Suncor Energy Inc. (TSX:SU). Oil and gas. Down 19 cents, or 0.44 per cent, to $42.86 on 5.8 million shares.
Yamana Gold Inc. (TSX:YRI). Miner. Down 20 cents, or 2.43 per cent, to $8.02 on 4.9 million shares.
Toronto Venture Exchange (974.65, down 17.09 points):
Pine Cliff Energy Ltd. (TSXV:PNE). Oil and gas. Down 10 cents, or 6.80 per cent, to $1.37 on 7.1 million shares.
Red Pine Exploration Inc. (TSXV:RPX) Miner. Up one cent, or 50 per cent, to three cents on 6.4 million shares.
Companies reporting major news:
CIBC (TSX:CM). Bank. Up 84 cents, or 0.86 per cent, to $98.03 on 1.1 million shares. CIBC said after markets closed that it will record a $420-million, non-cash goodwill impairment charge in its second quarter related to “challenging economic conditions” with its investment in CIBC FirstCaribbean International Bank Ltd. CIBC will also record $123 million of loan losses related to CIBC FirstCaribbean. Shares in the bank had been halted prior to the announcement.
Fairfax Financial Holdings Ltd. (TSX:FFH). Up $17.48, or 3.44 per cent, to $525.26 on 73,000 shares. The insurance and investment firm has trimmed its holdings in BlackBerry Ltd. (TSX:BB) (up three cents, or 0.38 per cent, to $8.03 on 1.8 millon shares), having sold 5.2 million shares, according to a regulatory filing with the U.S. Securities and Exchange Commission. In a quarterly filing with the U.S. regulator, Fairfax said it holds nearly 46.7 million shares or a roughly 8.9 per cent stake in the smartphone maker, but that is down from nearly 51.9 million it held according to a filing in February.
Scotiabank (TSX:BNS). Up 56 cents, or 0.84 per cent, to $67.53 on 2.5 million shares. Scotiabank wants to sell some or all of its 37 per cent stake in asset manager CI Financial Corp. (TSX:CIX) (down $1.15, or 3.18 per cent, on 1.6 million shares). That position, acquired in 2008, is worth about $3.8 billion and the bank believes it can more profitably deploy the capital elsewhere.