TORONTO – Some of the most active companies traded Thursday on the Toronto Stock Exchange and the TSX Venture Exchange:
Toronto Stock Exchange (14,001.65 up 101.16 points):
Bombardier Inc. (TSX:BBD.B). Aerospace. Down 36 cents, or 8.91 per cent, to $3.68 on 49.2 million shares. The Montreal-based aerospace and rail equipment manufacturer disclosed that delays in the delivery of its new CSeries commercial aircraft will add about US$1 billion in development costs and capitalized interest. The news came on the same day that it reported adjusted quarterly earnings of seven cents per share, well below estimates of 11 cents.
Air Canada (TSX:AC.B). Airline. Down 28 cents, or 4.50 per cent, to $5.94 on 7.4 million shares.
Kinross Gold Corp. (TSX:K). Miner. Down one cent, or 0.18 per cent, to $5.66 on 7.3 million shares.
B2Gold Corp. (TSX:BTO). Miner. Up 17 cents, or 6.09 per cent, to $2.96 on 7 million shares.
Teck Resources Ltd. (TSX:TCK.B). Miner. Down $1.86, or 6.68 per cent, to $26 on 6.3 million shares. The company reported adjusted profit of $227 million or 40 cents per share in its latest quarter, down from $409 million or 70 cents in the fourth quarter or 2012. Revenue fell nearly 13 per cent from a year earlier, dropping to $2.38 billion from $2.73 billion.
Teranga Gold Corp. (TSX:TGZ). Miner. Up seven cents, or 6.73 per cent, to $1.11 on 5.8 million shares.
Toronto Venture Exchange (986.45 up 4.72 points):
Renegade Petroleum Ltd. (TSXV:RPL). Oil and gas. Up four cents, or 3.05 per cent, to $1.35 on 21 million shares.
WesternZagros Resources Ltd. (TSXV:WZR). Down 13 cents, or 12.04 per cent, to 95 cents on 7.6 million shares.
Companies reporting major news:
Bauer Performance Sports Ltd. (TSX:BAU). Retailer. Up $1.11, or 8.49 per cent, to $14.18 on 435,806 shares. The sports equipment company signed a deal to buy the baseball and softball business of Easton-Bell Sports for US$330 million. The deal gives Bauer, best known for its hockey equipment, one of the biggest names in baseball and softball.
Canadian Tire Corp. (TSX:CTC.A). Retailer. Up $2.94, or 3.10 per cent, to $97.69 on 340,698 shares. The iconic Canadian retailer said fourth-quarter profit was up 17 per cent, mainly due to the harsh winter weather that boosted sales of snowblowers, salt, shovels outdoor clothing and the like.
Encana Corp. (TSX:ECA). Oil and gas. Up 24 cents, or 1.17 per cent, to $20.72 on 3.1 million shares. The company had US$226 million of operating earnings in the fourth quarter, down 23 per cent year-over-year but better than analyst estimates.
Great-West Lifeco Inc. (TSX:GWO). Insurance. Down $1.04, or 3.26 per cent, to $30.85 on 1.3 million shares. Great-West said profits more than doubled in the fourth quarter, but its adjusted earnings of $540 million or 54 cents per share fell well short of analyst expectations of 61 cents per share.
Manulife Financial Corp. (TSX:MFC). Insurance. Down one cent, or 0.05 per cent, to $20.90 on 4.4 million shares. Manulife’s core earnings were three cents below analyst estimates of 38 cents per share.