Most actively traded companies on the TSX

Some of the most active companies traded Friday on the Toronto Stock Exchange:Toronto Stock Exchange (up 61.88 points to 15,953.51, a record high):Precision Drilling Corp. (TSX:PD). Oil and gas. Up 29 cents, or 9.76 per cent, to $3.26 on 6.4 million shares.Encana Corp. (TSX:ECA). Oil and gas. Up 67 cents, or 4.87 per cent, to $14.43 on 5.8 million shares.Trevali Mining Corp. (TSX:TV). Miner. Down six cents, or 4.23 per cent, to $1.36 on 5.7 million shares.Bombardier Inc. (TSX:BBD.B). Aerospace, rail equipment. Down one cent, or 0.36 per cent, to $2.78 on 5.1 million shares.Eldorado Gold Corp. (TSX:ELD). Miner. Down three cents, or 1.79 per cent, to $1.65 on 4.5 million shares.Baytex Energy Corp. (TSX:BTE). Oil and gas. Up 23 cents, or 7.67 per cent, to $3.23 on 4.3 million shares.Companies reporting major news:Brookfield Asset Management Inc. (TSX:BAM.A). Real Estate Services. Up 21 cents, or 0.39 per cent, to $53.61 on 878,463 shares. The Sheraton Centre Hotel in Toronto’s downtown core has been purchased for $335 million by an arm of Brookfield Asset Management, which says it sees potential for more hospitality acquisitions in Canada. The landmark deal is the largest-ever single hotel transaction in Canadian history, says CBRE Canada, which acted as the broker for seller Marriott International.Imperial Oil Ltd. (TSX:IMO). Oil and gas. Up $1.13, or 2.83 per cent, to $41.01 on 1.1 million shares. The energy company reported a smaller third-quarter profit compared with a year ago when it benefited from the sale of its retail sites. It reported earnings of $371 million or 44 cents per diluted share in its third quarter compared with a profit of $1 billion or $1.18 per share in the same quarter last year.Kinder Morgan Canada Ltd. (TSX:KML). Oil and gas. Up 16 cents, or 0.95 per cent, to $16.96 on 61,147 shares. The company wants the National Energy Board to clear the way for work on the Burnaby, B.C., portion of its Trans Mountain pipeline expansion project. A statement released by the company says it wants a determination from the board allowing the work to begin, even though it has failed to obtain municipal permits from the City of Burnaby.Nexa Resources S.A. (TSX:NEXA). Miner. Down $2.76, or 11.04 per cent, to $22.24 on 40,300 shares. The Zinc miner made its listing debut on the Toronto Stock Exchange Friday as part of a dual listing that raised less than initial estimates. The company priced the 31 million listed shares, also listed on the New York Stock Exchange, at US$16 a piece to pull in an expected US$496 million.Saputo Inc. (TSX:SAP). Consumer packaged goods. Up $2.57, or 5.72 per cent, to $47.48 on 1.02 million shares. The Canadian dairy giant announced a $1.29-billion agreement to acquire Australia’s Murray Goulburn Co-Operative Co. The friendly takeover would be Saputo’s biggest Australian acquisition since 2014, when it bought Warrnambool Cheese and Butter Factory after a months-long bidding battle. read more

Squatting nonperforming leases main challenge for GLSC – Benn

Commissioner of GL&SC Trevor BennWith just a few days left before the end of 2018, the Guyana Lands and Surveys Commission (GLSC) on Monday looked back at its achievements and challenges through this past year and the challenges the body continues to face.In his address to media operatives, Commissioner of the GLSC, Trevor Benn highlighted the issue of squatting on land reserves and other open spaces, which continues to affect the work of the commission.In relation to squatting, reference was made to the Soesdyke-Linden Highway, an area which has seen unlawful occupation of land, which continues to rise.Benn also mentioned the Commission’s continued efforts to repossess lands for non-performing leases.The repossession comes at a cost and as such, the Commissioner signaled that stakeholders should be well-prepared before applying.Meanwhile, with regards to the agency’s accomplishments for this year, it has managed to complete pending audits up to the year 2012.Next year will see the completion of up to 2015, giving the expectation that all reports will be finished by January 2020.Also, a “limited budget” is the “biggest constraint” being faced by the Commission, having been subjected to $313M in the 2019 budget with their estimated expenditures surpassing $1.5B.However up to November, 30, 97 percent of the estimated $850M was collected for 2018. Share this:Click to share on Twitter (Opens in new window)Click to share on Facebook (Opens in new window)RelatedNational Land Policy coming soon -GL&SC CommissionerDecember 19, 2017In “latest news”Lands and Surveys Commission going digital, says CEODecember 20, 2018In “Business”Moves being made to regularise Kwakwani landsOctober 23, 2017In “latest news” read more