TORONTO – Some of the most active companies traded Friday on the Toronto Stock Exchange and the TSX Venture Exchange:
Toronto Stock Exchange (13,337.46 down 23.80 points):
Bombardier Inc. (TSX:BBD.B). Transportation equipment. Down 16 cents, or 3.38 per cent, at $4.58 on 18.23 million shares. For a second consecutive quarter, Gulfstream has overtaken Bombardier as the leading seller of business jets. On Thursday, Bombardier reported weaker-than-anticipated third-quarter results in its aerospace and railway divisions amid low aircraft deliveries and “execution” issues for new large rail contracts.
Barrick Gold Corp. (TSX:ABX). Miner. Down $1.56, or 7.69 per cent, at $18.72 on 10.56 million shares a day after one of the world’s biggest gold miners said it will launch a massive US$3-billion financing deal and that it would halt construction work at its Pascua-Lama gold project in the Andes. The company said it will use the cash raised to pay down debt and bolster its balance sheet.
Kinross Gold Corp. (TSX:K). Miner. Down 30 cents, or 5.66 per cent, at $5 on 8.48 million shares. The gold sector led the losers on the main index, declining 4.55 per cent at 171.74 points. The price of the December bullion contract slipped US$10.50 to $1,313.20 per ounce on the New York Mercantile Exchange.
Osisko Mining Corp. (TSX:OSK). Miner. Down 38 cents, or 7.47 per cent, at $4.71 on 5.74 million shares.
Goldcorp (TSX:G). Miner. Down $1.22, or 4.59 per cent, at $25.34 on 4.73 million shares.
Toronto Venture Exchange (955.33 down 3.52 points):
Rockridge Capital Corp. (TSXV:RRC). Mining exploration. Down half a cent, or 33.33 per cent, at a penny on 8.38 million shares.
Selwyn Resources Ltd. (TSXV:SWN). Mining exploration. Unchanged at eight cents on 4.51 million shares.
Companies reporting major news:
BlackBerry (TSX:BB). Wireless technology. Down 14 cents, or 1.70 per cent, at $8.09 on two million shares. A source familiar with the process said the founders of BlackBerry are in discussions with investment firm Cerberus Capital Management LP to team up and make a competitive bid for the struggling technology company, a few days ahead of a deadline for potential bidders.
Clearwater Seafoods Inc. (TSX:CLR). Seafood proccesor. Up 48 cents, or 8.21 per cent, at $6.33 on 203,584 shares. The company said it will start paying a quarterly dividend next month as it released improved third-quarter results. The first payment on Dec. 13 will be worth 2.5 cents per share, for an annualized rate of 10 cents per share. Third-quarter earnings and sales were both up 12 per cent versus a year earlier.
SNC-Lavalin (TSX:SNC). Construction. Up 71 cents, or 1.62 per cent, at $44.52 on 519,361 shares. The Montreal-based engineering giant swung to a $72.7-million loss in the third-quarter, just weeks after warning that its results would be punished by money-losing legacy contracts, weak mining markets and a European restructuring charge. The loss was compared with $114.1 profit a year ago. Total revenues in the quarter were down about $300 million to $1.94 billion.