Most actively traded companies on the TSX

TORONTO — Some of the most active companies traded Tuesday on the Toronto Stock Exchange:Toronto Stock Exchange (16,350.84, down 113.07 points).Encana Corp. (TSX:ECA). Energy. Up nine cents, or 1.55 per cent, to $5.88 on 7.7 million shares.Barrick Gold Corp. (TSX:ABX). Materials. Up 17 cents, or 0.71 per cent, to $23.97 on 7.6 million shares.Yamana Gold Inc. (TSX:YRI). Down 12 cents, or 2.69 per cent, to $4.34 on 7.4 million shares.B2Gold Corp. (TSX:BTO). Materials. Down nine cents, or 1.84 per cent, to $4.80 on 6.8 million shares.Kinross Gold Corp. (TSX:K). Materials. Down 15 cents, or 2.28 per cent, to $6.44 on 6.5 million shares.Bombardier Inc. (TSX:BBD.B). Industrials. Up two cents, or 1.16 per cent, to $1.75 on 5.3 million shares.Companies in the news:Air Canada (TSX:AC). Down 26 cents to $43.50. A Quebec Superior Court judge has authorized a class action lawsuit against Air Canada over fuel surcharges. The lawsuit, approved to proceed as a class action Monday, argues the country’s largest airline “illegally overcharged its customers” by more than double the cost of fuel on some flights. Michael Vathilakis, the petitioners’ lawyer, said Air Canada misrepresented the stated purpose of the surcharge, which was to partially offset the fluctuating price of jet fuel. Air Canada said Tuesday it disagrees with the allegations.Chorus Aviation Inc. (TSX:CHR). Unchanged at $7.68. The head of Chorus Aviation Inc. is playing down questions about how the sale of Bombardier Inc.’s CRJ Series aircraft will affect the company’s leasing business, which continued to make strides last quarter. Joe Randell noted Tuesday that Mitsubishi Heavy Industries Ltd., which bought the floundering regional jet program from Bombardier in June, scooped up the maintenance and marketing activities for the CRJ — though not its manufacturing operations — as part of the $550-million deal. Chorus, which leases planes across the globe and provides regional service for Air Canada, signed an agreement in February for nine more CRJs.Transat A.T. (TSX:TRZ). Up nine cents to $16.84. An independent proxy advisory firm is urging Transat shareholders to support the proposed $720-million takeover of the tour operator by Air Canada. Institutional Shareholder Services Inc. recommended on Sunday that shareholders vote in favour of the deal based on the original price of $13 per share and reiterated its support when Air Canada boosted its offer to $18 per share or about $200 million more. ISS says the acquisition by Canada’s largest airline is supported by the significant premium and certainty of the all-cash offer, execution risks associated with other alternatives and the sale process that gave other bidders time to submit superior offers.Brookfield Business Partners (TSX:BBU.UN). Up $1.26 or 2.7 per cent to $47.92. Brookfield Business Partners has signed a deal to buy a controlling interest in Genworth MI Canada Inc. for $2.4 billion. Under the deal, Brookfield has agreed acquire 48.9 million shares, or a roughly 57 per cent interest, in the business from the Virginia- based parent company Genworth Financial Inc. at a price of $48.86 per share. Genworth Canada is a private provider of mortgage default insurance for Canadian residential mortgage lenders. The Canadian Press

Post Your Comment Here

Your email address will not be published. Required fields are marked *