TORONTO – Some of the most active companies traded Wednesday on the Toronto Stock Exchange and the TSX Venture Exchange:
Toronto Stock Exchange (13,380.41 up 18.70 points):
Air Canada (TSX:AC.B). Airline. Down 41 cents, or 7.03 per cent, at $5.42 on 9.74 million shares. The company said there was no pending material news when its shares were halted earlier in the trading day.
Penn West Petroleum Ltd. (TSX:PWT). Oil and gas. Down $1.89, or 16.25 per cent, at $9.74 on 6.22 million shares. The Alberta-focused oil producer will sell up to $2 billion in assets as part of its new strategy. It also posted a third-quarter profit of $27 million, turning around last year’s loss of $67 million.
Barrick Gold Corp. (TSX:ABX). Miner. Down three cents, or 0.16 per cent, at $19.13 on 5.62 million shares.
Bombardier Inc. (TSX:BBD.B). Transportation equipment. Up 13 cents, or 2.87 per cent, at $4.66 on 5.56 million shares.
Encana Corp. (TSX:ECA). Natural gas. Up 23 cents, or 1.20 per cent, at $19.44 on 5.50 million shares. The natural gas giant announced Tuesday that it will shed 20 per cent of its workforce, slash its dividend and spin off a chunk of its Alberta land holdings into a new public company.
Toronto Venture Exchange (941.23 down 4.38 points):
Discovery Ventures Inc. (TSXV:DVN). Miner. Unchanged at 23 cents on 7.28 million shares.
WesternZagros Resources Ltd. (TSXV:WZR). Oil and gas. Down five cents, or 5.81 per cent, at 81 cents on 3.29 million shares. Tests at its Kurdamir oil and gas discovery in Iraq confirmed light oil, the company announced after markets closed.
Companies reporting major news:
Agrium Inc. (TSX:AGU). Fertilizer. Down 52 cents, or 0.57 per cent, at $90.80 on 743,240 shares. The Calgary-based company earned US$76 million, or 52 cents per share, in the third quarter, up from $129 million, or 80 cents per share, in the same year-earlier period. Revenue was up at $2.87 billion compared with $2.83 billion.
Enbridge (TSX:ENB). Pipeline. Up 76 cents, or 1.66 per cent, at $46.56 on 1.28 million shares. Net income more than doubled to $421 million, or 51 cents per share, versus $187 million, or 24 cents per share, it generated a year earlier. Overall revenue was just under $9 billion, up from $5.6 billion, helped by higher commodity sales and stronger pipeline and gas distribution sales.
Torstar Corp. (TSX:TS.B). Media. Down a penny, or 0.17 per cent, at $5.77 on 91,363 shares. The owner of the Toronto Star newspaper and Harlequin books posted a $70.8-million loss in the third quarter, pulled down by a nearly 17 per cent slide in print advertising revenue and an $85.4-million writedown on the declining value of its assets. The loss was a reversal from a profit of $11.1 million in the same period a year ago while overall revenue dropped about eight per cent to $328 million.