TORONTO — Some of the most active companies traded Thursday on the Toronto Stock Exchange:
Toronto Stock Exchange (16,253.46, down 55.77 points).
Belo Sun Mining Corp. (TSX:BSX). Materials. Up 11 cents, or 33.85 per cent, to 43.5 cents on 21.7 million shares.
B2Gold Corp. (TSX:BTO). Materials. Down 14 cents, or three per cent, to $4.53 on 5.8 million shares.
Encana Corp. (TSX:ECA). Energy. Down 10 cents, or 1.73 per cent, to $5.67 on 5 million shares.
Euro Sun Mining Inc. (TSX:ESM). Materials. Unchanged at 31.5 cents on 4.2 million shares.
OceanaGold Corp. (TSX:OGC). Materials. Down two cents, or 0.67 per cent, to $2.96 on 3.8 million shares.
Bombardier Inc. (TSX:BBD.B). Industrials. Up one cent, or 0.58 per cent, to $1.72 on 3.8 million shares.
Companies in the news:
Acadian Timber Corp. (TSX:ADN). Down 30 cents or 1.8 per cent to $16.41. Shares in Vancouver-based Acadian Timber Corp. continued to drop in value Thursday, two days after Brookfield Asset Management Inc. said it sold its 45 per cent stake in the timberland operator to privately held Macer Forest Holdings Inc. of Toronto. Brookfield announced after markets closed Tuesday it had sold the stake for $128 million or $17 per share. Acadian announced that because of the sale, Benjamin Vaughan of Brookfield would step down as chairman and be replaced by Malcolm Cockwell, a Macer principal and managing director at Haliburton Forest who has been on the board since May 2018.
CIBC (TSX:CM). Up $2.10 or 2.11 per cent to $101.60. The Canadian Imperial Bank Of Commerce hiked its dividend and reported a two per cent rise in its third-quarter net income to beat analyst estimates. The Toronto-based lender saw growth in Canadian personal and small business banking and its U.S. commercial banking platform, but this was offset by weaker capital markets earnings and an increase in loan loss provisions. CIBC on Thursday reported net income of $1.4 billion for the quarter ended July 31, compared with $1.37 billion during the same period a year ago.