Most actively traded companies on the TSX

Some of the most active companies traded Wednesday on the Toronto Stock Exchange:

Toronto Stock Exchange (15,110.47, up 59.66 points):

Carpathian Gold Inc. (TSX:CPN). Miner. Up one cent, or 200 per cent, to 1.5 cents on 25.4 million shares.

Legacy Oil + Gas Inc. (TSX:LEG). Oil and gas. Down 25 cents, or 8.56 per cent, to $2.67 on 21.1 million shares.

Crescent Point Energy Corp. (TSX:CPG). Oil and gas. Down $1.63, or 5.47 per cent, to $28.19 on 7.5 million shares. The company announced Tuesday it would pay $1.53 billion to acquire struggling Legacy Oil + Gas Inc. as it looks to grow its presence in Saskatchewan’s shale oil fields.

Air Canada (TSX:AC). Airlines. Up $1.01, or 8.03 per cent, to $13.59 on five million shares. Canada’s largest airline announced after markets closed Tuesday that it is opting out of special federal solvency funding regulations since its pensions now are in a surplus position. The move opens the way for the airline to begin a planned share buyback and, possibly, begin paying a dividend.

Bombardier Inc. (TSX:BBD.B). Aerospace, rail equipment. Up six cents, or 2.44 per cent, to $2.52 on 3.2 million shares.

Cequence Energy Ltd. (TSX:CQE). Oil and gas. Down six cents, or 6.67 per cent, to 84 cents on 2.9 million shares.

Companies reporting major news:

Bank of Montreal (TSX:BMO). Bank. Unchanged at $77.90 on 1.1 million shares. Second-quarter profits dropped seven per cent to $999 million, or $1.49 per share, as it booked a charge of $106 million for restructuring some of its departments. However, adjusted earnings rose 10.6 per cent to $1.15 billion or $1.71 per share, beating analyst expectations of $1.66 per share. The bank is also raising its quarterly dividend to 82 cents from 80 cents.

National Bank of Canada (TSX:NA). Bank. Up two cents, or 0.04 per cent, to $49.36 on 1.5 million shares. Second-quarter net income rose nearly 12 per cent to $404 million, or $1.13 per share, compared with $362 million, or $1.01 per share, a year earlier. Adjusted profits increased 10 per cent to $411 million or $1.15 per share, three cents above estimates. The bank is also raising its quarterly dividend to 52 cents per share from 50 cents per share.