TORONTO – Some of the most active companies traded Tuesday on the Toronto Stock Exchange:
Toronto Stock Exchange (14,390.43, down 147.19 points):
Fortis Inc. (TSX:FTS). Utilities. Up 52 cents, or 1.40 per cent, to $37.75 on 9.98 million shares.
Athabasca Oil Corp. (TSX:ATH). Oil and gas. Down 34 cents, or 9.71 per cent, to $3.16 on 8.3 million shares.
Cequence Energy Ltd. (TSX:CQE). Oil and gas. Down five cents, or 3.42 per cent, to $1.41 on 6.9 million shares.
Delphi Energy Corp. (TSX:DEE). Oil and gas. Down 21 cents, or 9.86 per cent, to $1.92 on 6.2 million shares.
Surge Energy Inc. (TSX:SGY). Oil and gas. Down 44 cents, or 7.31 per cent, to $5.58 on 5.7 million shares.
Canadian Natural Resources Ltd. (TSX:CNQ). Oil and gas. Down $1.48, or 3.87 per cent, to $36.80 on 5.6 million shares.
Companies reporting major news:
Scotiabank (TSX:BNS). Down $1.59, or 2.31 per cent, to $67.19 on 3.9 million shares. Scotiabank announced it is cutting 1,500 jobs company-wide — about two-thirds of them in Canada and will post a $341-million after-tax charge for the fourth quarter, reducing earnings by 28 cents a share. Part of that is for severance costs but Scotiabank is also taking a number of other steps, including an additional $109 million of loan loss provisions related to the Caribbean region.
Talisman Energy Inc. (TSX:TLM). Oil and gas. Down 82 cents, or 11.85 per cent, to $6.10 on 4.5 million shares. Talisman said it may take writedowns on its U.K. North Sea assets in the fourth quarter .The Calgary-based company’s offshore operations in the region, being jointly developed with China’s Sinopec, have been an ongoing headache.
TransCanada Corp. (TSX:TRP). Oil and gas. Up 16 cents, or 0.29 per cent, to $55.19 on 1.9 million shares. The company says the price tag for the controversial Keystone XL pipeline has risen by about half to US$8 billion as the U.S. regulatory process drags into its seventh year.
WestJet (TSX:WJA). Airline. Down $2.11, or 6.59 per cent, to $29.92 on 1.3 million shares. The airline said its third-quarter net income decreased 20 per cent to $52.2 million or 40 cents per share, including a $45.5-million loss from the sale of 10 old Boeing 737 aircraft. That compared with $65.1 million or 50 cents per share in the third quarter of 2013.