TORONTO – Some of the most active companies traded Tuesday on the Toronto Stock Exchange and the TSX Venture Exchange:
Toronto Stock Exchange (12,134.66 down 56.80 points):
Bombardier Inc. (TSX:BBD.B). Transportation equipment. Down seven cents, or 2.08 per cent, at $3.30 on 5,217,325 shares. The stock slid a day after Fitch Ratings downgraded the default and long-term ratings of the train and plane manufacturer one notch to BB with a stable outlook after the company reported weaker-than-anticipated results and negative free cash flow in the third quarter.
Manulife Financial Corp. (TSX:MFC). Insurer. Down 15 cents, or 1.22 per cent, at $12.15 on 3,599,014 shares. The financial sector slipped 0.34 per cent to 181.59 points.
Eldorado Gold Corp. (TSX:ELD). Miner. Up 21 cents, or 1.44 per cent, at $14.78 on 3,563,228 shares. The Vancouver-based company launched a US$500-million aggregate principal amount of unsecured notes due in 2020. Eldorado says that it will use the net proceeds for general corporate purposes.
Talisman Energy Inc. (TSX:TLM). Oil and gas. Up 27 cents, or 2.42 per cent, at $11.43 on 3,513,737 shares.
Kinross Gold Corp. (TSX:K). Miner. Down 19 cents, or 1.86 per cent, at $10.01 on 3,315,378 shares. The gold sector dropped 0.96 per cent to 326.71 points.
Yamana Gold Inc. (TSX:YRI). Miner. Down 10 cents, or 0.51 per cent, at $19.61 on 3,088,798 shares.
TSX Venture Exchange (1,286.89 down 18.57 points):
Anatolia Energy Corp. (TSXV:AEE). Oil and gas explorer. Up a penny, or 28.57 per cent, at 4.5 cents on 5,323,260 shares.
TNR Gold Corp. (TSXV:TNR). Mine explorer. Down three cents, or 24 per cent, at 9.5 cents on 3,834,800 shares.
Companies reporting major news:
Quebecor Inc. (TSX:QBR.B). Media. Down 65 cents, or 1.84 per cent, at $35.90 on 26,329 shares. The Montreal-based company is cutting some 500 jobs at its Sun Media newspaper division in a move that includes the closure of two production facilities in Ottawa and Kingston. The move is part of an effort to reduce annual costs by $45 million.
Sears Canada Inc. (TSX:SCC). Retailer. Down 71 cents, or 5.69 per cent, at $11.76 on 735,831 shares. The retailer’s third-quarter loss was slashed by half to $21.9 million or 22 cents per share from last year’s $44.1 million or 42 cents per share. The year-ago figure included negative items related to clearing excess inventory and internal restructuring at the national department store operation. Its revenue fell by about $76 million to $1.03 billion.
Shoppers Drug Mart Corp. (TSX:SC). Pharmacy operator. Up $1.34, or 3.26 per cent, at $42.46 on 1,660,529 shares. The Toronto-based company’s third-quarter net profit slipped as it took a $13-million restructuring charge linked to the rationalization of its central office functions. Net income totalled $168 million, down from $172 million while sales gained 3.2 per cent to $3.2 billion.