Most actively traded companies on the TSX
Some of the most active companies traded Tuesday on the Toronto Stock Exchange:
Toronto Stock Exchange (15,569.20, down 82.88 points):
Home Capital Group Inc. (TSX:HCG). Financial Services. Up $2.03, or 29.72 per cent, to $8.86 on 9.7 million shares. Shares shot up after the company announced that an independent third party expressed interest in buying up to $1.5 billion of its mortgage assets, a move intended to reinstill confidence in the cash-strapped lender. Home Capital says the unidentified party has indicated a non-binding intention to buy at least $500 million of qualifying uninsured mortgages immediately.
Hydro One Ltd. (TSX:H). Utilities. Down 90 cents, or 3.75 per cent, to $23.13 on 5.5 million shares.
Valeant Pharmaceuticals International Inc. (TSX:VRX). Pharmaceutical. Up $3.22, or 24.10 per cent, to $16.58 on 4.8 million shares.
Toronto-Dominion Bank (TSX:TD). Bank. Down 51 cents, or 0.8 per cent, to $63.62 on 4.2 million shares.
Manulife Financial Corp. (TSX:MFC). Financial Services. Down 17 cents, or 0.69 per cent, to $24.49 on 4.2 million shares.
Bombardier Inc. (TSX:BBD.B). Aerospace, rail equipment. Down three cents, or 1.44 per cent, to $2.05 on 4.1 million shares. Despite the company’s improving performance, the Ontario Teachers’ Pension Plan has joined several large institutional investors in voting against the re-election of Bombardier’s executive chairman and the company’s executive compensation plan. The Toronto-based pension plan says it has concerns about the board’s approach to compensation. The so-called say-on-pay vote is non-binding.
Companies reporting major news:
George Weston Ltd. (TSX:WN). Grocer. Down 25 cents, or 0.2 per cent, to $124.69 on 160,511 shares. The Toronto-based company is reporting a 189 per cent increase to its first-quarter profit, mostly because of improved results from its stake in Loblaw. George Weston, which also owns the Weston Foods bakery business, had $107 million or 83 cents per share of net income for common shareholders in the quarter ended March 25.
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