TORONTO – Some of the most active companies traded Tuesday on the Toronto Stock Exchange and the TSX Venture Exchange:
Toronto Stock Exchange (12,282.36 up 51.88 points):
Uranium One Inc. (TSX:UUU). Miner. Unchanged at $1.83 on 10,385,642 shares.
Precision Drilling Corp. (TSX:PD). Drilling services. Up 34 cents, or 4.41 per cent, at $8.05 on 7,879,752 shares. The company, which provides drilling services to the oil and gas industry, announced Monday that it will cut its capital spending for 2013 to $485 million while it expects its 2012 capital spending to be about $920 million. Precision will also start a dividend payment of five cents per share, payable on Dec. 28 and on record Dec. 20.
Research In Motion Ltd. (TSX:RIM). Wireless technology. Up 68 cents, or 5.79 per cent, at $12.42 on 7,209,057 shares. The BlackBerry maker’s stock surged to a seven-month high after it released the ‘gold’ build of its developer toolkit which contains all the final elements developers need to create apps from the coming BlackBerry 10 operating system.
Telus Corp. (TSX:T.A). Telecommunications. Down a penny, or 0.02 per cent, at $64.08 on 6,653,786 shares.
Bombardier Inc. (TSX:BBD.B). Transportation equipment. Up six cents, or 1.79 per cent, at $3.42 on 6,416,341 shares. The company’s railway arm signed a US$170-million deal with Virgin Trains to extend a contract to maintain the railway’s Super Voyager fleet that operates on the Britain’s West Coast main line. The new agreement extends an existing deal to March 2016.
Connacher Oil and Gas Ltd. (TSX:CLL). Oil and gas. Up a penny, or 4.76 per cent, at 22 cents on 5,167,835 shares. The energy sector was up 0.19 per cent at 247.86 points as price of the January crude oil contract rose 23 cents US to $85.79 on the New York Mercantile Exchange.
TSX Venture Exchange (1,183.93 down 2.81 points):
Mill City Gold Corp. (TSXV:MC). Mineral explorer. Down a penny, or 50 per cent, at a penny on 4,071,273 shares.
Gallic Energy Ltd. (TSXV:GLC). Oil and gas explorer. Up 1.5 cents, or 33.33 per cent, at six cents on 3,702,000 shares.
Companies reporting major news:
Canadian Pacific Railway Ltd. (TSX:CP). Railroad. Down 46 cents, or 0.46 per cent, at $99.18 on 592,752 shares. The Calgary-based company and Teamsters Canada reached a new five-year labour agreement covering 2,600 workers. The tentative deal includes three per cent annual wage increases, a curtailing of outsourcing and increased benefits. A ratification vote is expected in January.
Hudson’s Bay Co. (TSX:HBC). Retail. Down four cents, or 0.24 per cent, at $16.77 on 24,277 shares. Canada’s oldest company will initiate a quarterly dividend of 9.375 cents per share despite a wider loss from continuing operations. In its first quarterly report since returning to the public stock market, HBC posted a loss of $8.5 million compared with a loss of $7.5 million or seven cents per share in the same year-earlier period. Revenues totalled $930.4 million, up from $896.7 million.
Wi-LAN Inc. (TSX:WIN). Patent licensing. Down 40 cents, or 8.16 per cent, at $4.50 on 1,792,260 shares. The company begun litigation against Research In Motion alleging patent infringement, which is related to Bluetooth technologies. The Ottawa-based patent-licensing firm did not disclose any other details in its brief announcement.