TORONTO — Some of the most active companies traded Wednesday on the Toronto Stock Exchange:
Toronto Stock Exchange (16,309.23, up 95.92 points).
Manulife Financial Corp. (TSX:MFC). Financials. Up 39 cents, or 1.79 per cent, to $22.23 on 9.4 million shares.
Largo Resources Ltd. (TSX:LGO). Materials. Up two cents, or 1.42 per cent, to $1.43 on 6.6 million shares.
Enbridge Inc. (TSX:ENB). Energy. Up 65 cents, or 1.46 per cent, to $45.06 on 6 million shares
Encana Corp. (TSX:ECA). Energy. Down eight cents, or 1.37 per cent, to $5.77 on 5.9 million shares.
Barrick Gold Corp. (TSX:ABX). Materials. Down eight cents, or 0.32 per cent, to $24.80 on 5.5 million shares.
B2Gold Corp. (TSX:BTO). Materials. Down 16 cents, or 3.31 per cent, to $4.67 on 4.8 million shares.
Companies in the news:
Royal Bank of Canada (TSX:RY). Up 57 cents to $99.91. Royal Bank of Canada increased its dividend as its third-quarter profit rose by five per cent to hit a record, but the lender's latest earnings missed estimates as challenging market conditions weighed on its capital markets division. Earnings from its investor and treasury services arm also fell, but strength in personal and commercial banking, wealth management and insurance compensated for these weaknesses to reach a new quarterly high. Canada's biggest bank by market capitalization reported $3.3 billion in net income for the quarter, up five per cent from $3.1 billion a year ago.
Kinder Morgan Canada Ltd. (TSX:KML). Up $3.47 or 31.6 per cent to $14.45. Shares in Kinder Morgan Canada Ltd. surged after Pembina Pipeline Corp. announced it would buy the company and the U.S. portion of the Cochin pipeline system in deals it valued at a total of about $4.35 billion. The companies estimated the Pembina offer for Kinder Morgan represented a 38 per cent premium to its Tuesday close. The Cochin pipeline owned in partnership by Kinder Morgan Canada and its American parent, Kinder Morgan Inc., runs 2,900 kilometres between Fort Saskatchewan, northeast of Edmonton, and Chicago and has a design capacity of up to 110,000 barrels per day.
Shaw Communications Inc. (TSX:SJR.B). Up eight cents to $25.54. Shaw Communications Inc. and Videotron have joined major Canadian telecom companies that have expressed concern over the CRTC's decision to lower the prices that smaller internet providers have to pay them to use their networks. Calgary-based Shaw warned Wednesday of long-term negative consequences from the decision to dramatically reduce the federally regulated wholesale broadband prices. Quebecor subsidiary Videotron also weighed in, expressing concern about the potential economic impacts from any delays in infrastructure investments.
The Canadian Press