TORONTO – Some of the most active companies traded Monday on the Toronto Stock Exchange and the TSX Venture Exchange:
Toronto Stock Exchange (12,169.74 down 69.62 points):
Bombardier Inc. (TSXV:BBD.B). Transportation equipment. Down 12 cents, or 3.42 per cent, at $3.39 on 11,122,184 shares. The company is hopeful that rail-equipment workers in Quebec will accept a conciliator’s recommendation to end a month-long strike after a blitz of offers between the two sides over the weekend. Subcontracting, pension and salaries have been the key issues for the workers who have been without a contract since Sept. 30, 2011 and who have been on strike since Nov. 1.
Kinross Gold Corp. (TSX:K). Miner. Down 25 cents, or 2.49 per cent, at $9.81 on 6,016,188 shares.
Research In Motion Ltd. (TSX:RIM). Wireless telecommunications. Down four cents, or 0.35 per cent, at $11.55 on 5,566,512 shares. Canaccord Genuity analyst Michael Walkley said shares of the BlackBerry marker are overpriced and its new operating system likely won’t return the company to profitability. Walkley set RIM’s share price at US$10 — substantially lower than estimated share prices issued by other analysts in recent weeks.
Torex Gold Resources Inc. (TSX:TXG). Miner. Down 10 cents, 4.76 per cent, at $2 on 4,803,425 shares. The metals and mining sector slipped 0.41 per cent to 940.92 points.
Viterra Inc. (TSX:VT). Grain handler. Up 41 cents, or 2.64 per cent, at $15.96 on 4,647,635 shares.
Yellow Media Inc. (TSX:YLO). Digital media. Up five cents, or 8.33 per cent, at 6.5 cents on 4,144,345 shares.
TSX Venture Exchange (1,208 down 12.90 points):
Woulfe Mining Corp. (TSXV:WOF). Mine developer and explorer. Up two cents, or 5.56 per cent, at 38 cents on 5,407,705 shares.
Pinecrest Energy Inc. (TSXV:PRY). Oil and gas. Down 10 cents, or 5.92 per cent, at $1.59 on 2,583,180 shares.
Companies reporting major news:
Canadian Pacific Railway Ltd. (TSX:CP). Railway. Down $1.35, or 1.46 per cent, at $91.35 on 780,771 shares. The company set aside plans to build a 420-kilometre extension to serve coal mines in the Powder River Basin, which underlies parts of Montana and Wyoming. CP will take a $180-million non-cash charge on its books as a result of a decision to defer the plan indefinitely because of a deterioration in the market for thermal coal, which is primarily burned to produce power.
Husky Energy Inc. (TSX:HSE). Energy. Up 12 cents, or 0.43 per cent, at $28 on 887,213 shares. The Calgary-based company raised its 2013 capital spending by $100 million compared with last year as it targets a more aggressive production growth rate in the coming years. Husky, which is majority-owned by Hong Kong billionaire Li Ka-shing, is planning capital expenditures of $4.8 billion next year, up from $4.7 billion this year.
Saputo Inc. (TSX:SAP). Dairy. Up $1.37, or 2.98 per cent, at $47.41 on 483,792 shares. The Canadian cheese maker is bolstering its position as North America’s second-largest dairy company by pursuing the largest acquisition in its history — a US$1.45 billion deal to buy Morningstar Foods. The transaction, which will boost revenues by nearly 23 per cent, will see Saputo expand its U.S. operations by adding dairy and non-dairy products to its current operations as a cheese manufacturer, distributor and importer.