The following companies may have unusual price changes in Canadian trading today. Stock symbols are in parentheses, and share prices are from the May 2 close in Toronto.
The Standard & Poor's/TSX Composite Index added 1.5 percent to 14,280.28 in Toronto.
Arise Technologies Corp. (APV CN): The solar technology company said it sold 20.5 million shares to brokers led by Canaccord Adams and Clarus Securities. A company controlled by Arise founder and Chief Technology Officer Ian MacLellan sold 500,000 shares.
The brokers paid C$2.20 a share, for proceeds of C$45.1 million ($44.4 million) to the company and C$1.1 million for MacLellan, Arise said in a statement distributed by Canada Newswire. The shares fell 1.7 percent to C$2.36.
EnCana Corp. (ECA CN): North America's largest publicly traded natural-gas producer was raised to ``outperform'' from ``market perform'' by Raymond James & Associates analyst Stephen Calderwood in Calgary, who cited in a note the stock's recent, relative weakness compared with industry peers. The shares rose 1.8 percent to C$80.43.
DundeeWealth Inc. (DW CN): The Toronto-based money manager, agreed to buy 60 percent of closely held rival Aurion Capital Management Inc. The purchase price wasn't disclosed in a Marketwire statement today. Aurion, formed in 1996, manages about C$4.5 billion ($4.4 billion). DundeeWealth rose 2.3 percent to C$14.04.
Goldcorp Inc. (G CN): The world's second-largest gold producer by market value said first-quarter net income rose 84 percent to $229.5 million, or 32 cents a share, from $124.9 million, or 18 cents. The shares rose 2.4 percent to C$36.81.
Questerre Energy Corp. (QEC CN): The natural-gas exploration company said it issued 8.2 million shares to finance the acquisition of Terrenex Ltd. (TXA/H CN). Questerre gained 8.8 percent to C$2.35.
Saxon Energy Services Inc. (SES CN): Schlumberger Ltd. and First Reserve Corp. agree to buy Saxon Energy for C$7 ($6.88) a share. The purchase price values the oilfield services company at about C$592.1 million, based on about 84.59 million shares outstanding as of April 30, according to Bloomberg data. Saxon fell
0.3 percent to C$6.87.
Timminco Ltd. (TIM CN): The Canadian producer of silicon for solar-power cells, said reviews are being conducted into trading in the company's stock by its former chief executive officer, John Walsh, the Globe and Mail reported, citing regulatory filings. Timminco officials declined to comment on the nature of the reviews or who made inquiries, and attempts to reach Walsh were unsuccessful, the Globe said. Timminco rose 2 percent to C$19.88.
Toronto-Dominion Bank (TD CN): The third-biggest lender in Canada has been barred by a judge from using the name of its recently acquired Commerce Bancorp unit in Massachusetts during a trademark-infringement suit. Toronto-Dominion added 1 percent to C$68.76.
Trican Well Service Ltd. (TCW CN): The oil-field services company may report first-quarter earnings of 28 cents a share before one-time items, the average of 10 analyst forecasts in a Bloomberg poll. The shares added 1.2 percent to C$22.65.