Some of the most active companies traded Thursday on the Toronto Stock Exchange:
Toronto Stock Exchange (13,558.78, down 103.04 points):
Hydro One Ltd. (TSX:H). Utilities. Up $1.12, or 5.46 per cent, to $21.62 on 18.2 million shares. The giant publicly owned transmission utility, whose partial sale has sparked political controversy in Ontario, climbed in its debut on the TSX in one of the largest initial public offerings in Canada in 15 years.
First Quantum Minerals Ltd. (TSX:FM). Miner. Down 52 cents, or 6.80 per cent, to $7.13 on 6.9 million shares.
B2Gold Corp. (TSX:BTO). Miner. Down three cents, or 2.13 per cent, to $1.38 on 6.5 million shares.
Canadian Natural Resources Ltd. (TSX:CNQ). Oil and gas. Up $1.77, or 5.54 per cent, to $33.71 on 6.3 million shares. Canadian Natural Resources Ltd. says it expects its 2016 cash flows will cover the cost of next year’s capital budget of between $4.5 billion and $5 billion. About half will be allocated to the Horizon oilsands expansion.
Bombardier Inc. (TSX:BBD.B). Aerospace, rail equipment. Up six cents, or 4.08 per cent, to $1.53 on six million shares.
Orbite Technologies Inc. (TSX:ORT). Miner. Up five cents, or 14.08 per cent, to 40.5 cents on 5.7 million shares.
Companies reporting major news:
Air Canada (TSX:AC). Airline. Up 71 cents, or 6.54 per cent, to $11.57 on 5.6 million shares. Air Canada is reporting a third-quarter profit far above analyst estimates — helped in part by lower fuel prices but also as a result of cost-cutting initiatives and business improvements in recent years. Its adjusted profit was $734 million or $2.50 per share. That was up 60 per cent from $457 million last year, and 29 cents per share above analyst estimates.
Telus Corp. (TSX:T). Communication services. Down $1.80, or 4.12 per cent, to $41.91 on 3.2 million shares. Wireless provider Telus Corp. plans to reduce its workforce by 1,500 positions as it boosts dividend payments to shareholders. The Vancouver-based company, which operates one of Canada’s biggest telecommunications networks, said Thursday that the layoffs will save as much as $125 million a year.