TORONTO - Some of the most active companies traded Thursday on the Toronto Stock Exchange and the TSX Venture Exchange:
Toronto Stock Exchange (11,842.43 down 32.7 points):
Manulife Financial Corp. (TSX:MFC). Insurance. Up 58 cents, or 3.28 per cent, at $18.25 on 12,278,712 shares. Canada's largest insurance company posted a first-quarter profit of $1.15 billion, reversing a year-earlier loss of $1.07 billion as revenue rose to $9.17 billion from $8 billion. The company said its earnings benefited from stock market increases, which raised the value of its investment portfolio, and the positive impact of its bond trading and other investments.
Yamana Gold Inc. (TSX:YRI). Miner. Up 65 cents, or 6.08 per cent, at $11.34 on 11,077,531 shares. The gold sector was one of the bright spots in a down day on the markets as investors sought out the traditional safe-haven metal amid debt worries in Europe. The June bullion contract on the New York Mercantile Exchange up $22.30 at US$1,197.30 an ounce.
Suncor Energy Inc. (TSX:SU). Oil and gas. Down 14 cents, or 0.43 per cent, at $32.37 on 10,198,733 shares. The soaring U.S. dollar pushed the June crude contract on the Nymex down $2.86 to US$77.11 a barrel, taking the TSX energy sector down 1.4 per cent.
Breakwater Resources Ltd. (TSX:BWR), Miner. Down three cents, or 7.04 per cent, at 33 cents on 10,137,551 shares. The base metals sector led decliners on the TSX, down three per cent as July copper on the Nymex fell three cents to US$3.12 a pound.
New Gold Inc. (TSX:NGD). Down six cents, or one per cent, at $5.94 on 10,126,124 shares.
Western Coal Corp. (TSX:WTN). Miner. Down 39 cents, or 6.98 per cent, at $5.20 on 9,987,284 shares.
TSX Venture Exchange (1,562.68 down 34.46 points):
Canacol Energy Ltd. (TSXV:CNE). Oil exploration. Unchanged at 75 cents on 5,388,095 shares. Canacol, which is focused on South America, announced Wednesday it had closed a previously announced, $50-million bought- deal equity financing with a syndicate of underwriters co-led by Canaccord Financial Ltd. and FirstEnergy Capital Corp..
Alange Energy Corp. (TSXV:ALE). Oil and gas. Down two cents, or 3.8 per cent, at 38 cents on 5,184,089 shares.
Air Canada (TSX:AC.B). Airline. Down 16 cents, or 7.27 per cent, at $2.04 on 1,071,000 shares. Canada's largest airline reported a net loss of $85 million in the first quarter, far lower than its $400-million loss a year ago, although the figure included a $100-million foreign exchange gain. Operating revenues rose to $2.5 billion from just under $2.4 billion.
BCE Inc. (TSX:BCE). Telecommunications. Up 29 cents, or 0.96 per cent, at $30.62 on 3,214,513 shares. Canada’s largest telecommunications company posted a $608-million profit in the first quarter, up 61.3 per cent from a year ago. BCE’s overall revenue rose 2.3 per cent to $4.43 billion.
Brookfield Asset Management Inc. (TSX:BAM.A). Conglomerate. Down 11 cents, or 0.44 per cent, at $25.05 on 1,526,285 shares. The real estate, resource and power-generation company reported quarterly net income of US$409-million, reversing a loss of US$603 million in the first quarter of 2009. Quarterly revenue was US$2.7 billion, up $700 million or 35 per cent from the first quarter of 2009.
Magna International Inc. (TSX:MG.A). Up $8.99, or 13.99 per cent, at $73.26 on 2,544,681 share. The stock jumped after shareholders were told they would get a change to end the Stronach family’s absolute control over the company by voting on a proposal to eliminate the family’s special rights and adopt a single class of stock.
Sun Life Financial Inc. (TSX:SLF). Insurance. Up 73 cents, or 2.51 per cent, at $29.85 on 2,964,762 shares. The company said Wednesday it earned $409 million or 72 cents a share in its latest quarter, reversing a loss of $213 million or 38 cents per diluted share a year ago.
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