TORONTO – Some of the most active companies traded Tuesday on the Toronto Stock Exchange and the TSX Venture Exchange:
Toronto Stock Exchange (12,220.45 up 5.02points):
Westaim Corp. (TSX:WED). Investment firm. Unchanged at 77 cents on 10,829,714 shares. The Toronto-based company announced a cash distribution of 75 cents per common share as a result of the sale of Jevco Insurance Company to a subsidiary of Intact Financial Corp., which was finalized Sept. 5.
Talisman Energy Ltd. (TSX:TLM). Oil and gas. Down 12 cents, or 0.85 per cent, at $13.97 on 6,148,121 shares. The oil and gas company announced Monday that industry veteran Hal Kvisle has come out of retirement to be Talisman’s new CEO. Talisman has been undergoing a transition over the past several months, directing capital away from dry natural gas in the face of low prices, selling non-core assets and working to improve project execution.
Bombardier Inc. (TSX:BBD.B). Plane and train maker. Up three cents, or 0.85 per cent, at $3.57 on 4,861,604 shares. The company’s aerospace division said Monday it will put a ‘pause’ on discretionary spending to preserve cash. The world’s third largest aircraft maker will suspend new hirings, cancelling off-site meetings and cutting all funding for Christmas parties and will suspend most travel.
Yamana Gold Inc. (TSX:YRI). Miner. Down 48 cents, or 2.80 per cent, at $16.64 on 4,501,900 shares. The gold sector was one of the decliners on the main index, down 0.19 point or 0.06 per cent, to 322.28 points.
Mirabela Nickel Ltd. (TSX:MNB). Nickel explorer. Unchanged at 31.5 cents on 4,271,900 shares.
Teck Resources Ltd. (TSX:TCK.B). Miner. Up $1.54, or 5.27 per cent, at $30.77 on 3,993,538 shares.
TSX Venture Exchange (1,274.60 up 3.89 points):
Online Energy Inc. (TSXV:ONL). Oil and gas exploration. Up half a cent, or 1.49 per cent, at 34 cents on 3,783,777 shares.
Horn Petroleum Corp. (TSXV:HRN). Oil and gas exploration. Up 18.5 cents, or 55.22 per cent, at 52 cents on 3,185,025 shares.
Companies reporting major news:
Brookfield Asset Management (TSX:BAM.A). Asset manager. Down 16 cents, or 0.47 per cent, at $34.09 on 601,446 shares. U.S. mall owner General Growth Properties, Inc., whose major shareholder is Toronto-based Brookfield Asset Management, rejected an activist investor’s push to sell the company to a rival American mall owner.