Some of the most active companies traded Thursday on the Toronto Stock Exchange:
Toronto Stock Exchange (13,127.18, down 214.75 points):
Husky Energy Inc. (TSX:HSE). Oil and gas. Down 10 cents, or 0.55 per cent, to $17.93 on 10.7 million shares.
First Quantum Minerals Ltd. (TSX:FM). Miner. Down 43 cents, or 7.56 per cent, to $5.26 on 7.3 million shares.
Encana Corp. (TSX:ECA). Oil and gas. Up 18 cents, or 1.82 per cent, to $10.07 on 6.4 million shares. Encana Corp. is deferring some investment plans in Alberta until the provincial government completes its royalty and climate change reviews. Chief executive Doug Suttles said Thursday the company is deferring the decision to build its next gas plant in the Duvernay area even though plant capacity is the limiter to growth in the area.
Bombardier Inc. (TSX:BBD.B). Aerospace, rail equipment. Down two cents, or 1.43 per cent, to $1.38 on 6.2 million shares.
Teck Resources Ltd. (TSX:TCK.B). Miner. Down one cent, or 0.16 per cent, to $6.27 on six million shares.
Geodrill Ltd. (TSX:GEO). Miner. Down three cents, or 5.45 per cent, to 52 cents on 5.8 million shares.
Companies reporting major news:
Manulife Financial Corp. (TSX:MFC). Financial Services. Down 81 cents, or 3.66 per cent, to $21.35 on 5.3 million shares. Manulife Financial Corp. saw its third-quarter profit fall compared with a year ago as it was hit by losses related to its oil and gas investments. The insurance company said Thursday it booked $220 million in charges related to its investments as losses in oil and gas were offset in part by gains related to fixed-income redeployment, favourable credit experience and other assets.
Finning International Inc. (TSX:FTT). Industrials. Down 86 cents, or 4.30 per cent, to $19.13 on 2.4 million shares. The world’s largest Caterpillar heavy equipment dealer announced Thursday it will lay off 1,100 people in Canada and abroad in a sign that the Vancouver-based company is feeling the repercussions of the decline in commodity prices. The job cuts, representing eight per cent of its total workforce, will include 440 people in Western Canada, 550 in South America and a smaller number in Europe where Finning has operations in the United Kingdom and Ireland.
