TORONTO – Some of the most active companies traded Tuesday on the Toronto Stock Exchange and the TSX Venture Exchange:
Toronto Stock Exchange (12,223.57 down 159.10 points):
Air Canada (TSX:AC.B). Airline. Up seven cents, or 3.07 per cent, at $2.35 on 11.95 million shares.
Manulife Financial Corp. (TSX:MFC). Insurer. Down 10 cents, or 0.62 per cent, at $16.15 on 7.09 million shares.
Bombardier Inc. (TSX:BBD.B). Plane and train maker. Down two cents, or 0.42 per cent, at $4.77 on 6.89 million shares.
Kinross Gold Corp. (TSX:K). Miner. Down 41 cents, or 6.37 per cent, at $6.03 on 5.15 million shares. The company announced after the close of markets Monday that it is halting development of its Fruta del Norte project in Ecuador. Kinross will incur a $720-million charge in the second quarter for abandoning the project.
Talisman Energy Inc. (TSX:TLM). Oil and gas. Down 15 cents, or 1.26 per cent, at $11.76 on 4.62 million shares.
Toronto Venture Exchange (937.27 down 9.45 points):
Selwyn Resources Inc. (TSXV:SWN). Metals explorer. Unchanged at 8.5 cents on 3.09 million shares.
Copper One Inc. (TSXV:CUO). Metals and mining. Unchanged at 4.5 cents on 2.78 million shares.
Company reporting major news:
Encana (TSX:ECA). Natural gas. Down 37 cents, or 1.96 per cent, at $18.54 on 3.13 million shares. Encan announced the appointment of Doug Suttles, who was BP’s point man on the Gulf of Mexico oil spill cleanup, as its new CEO. The company brought in an outsider for its top job, vacated in January when Randy Eresman abruptly left the post.
Lululemon Athletica Inc. (TSX:LLL). Yoga wear retailer. Down $14.81, or 17.62 per cent, at $69.22 on 697,693 shares. BMO analysts cut their price target on Lululemon to US$65 from $75, a day after the company said that CEO Christine Day is stepping down. The news overshadowed a better than expected first-quarter earnings. Lululemon is also delisting on the resource-heavy TSX on June 24 due to “minimal trading volume.”
Telus Corp. (TSX:T). Telecommunications. Down 45 cents, or 1.30 per cent, to $34.26 on 2.70 million shares as the telecom pulled the plug on its plan to buy small wireless provider Mobilicity after Ottawa signalled last week that it would not allow the deal. Mobilicity will now go ahead with a recapitalization plan.