Toronto Stock Exchange :Canadian Imperial Bank of Commerce. . Financials. Up $4.53, or 7.01 per cent, to $69.19 on 7.6 million shares.Enerplus Corp. . Energy. Down 29 cents, or 1.05 per cent, to $27.40 on 7.1 million shares.
Manulife Financial Corp. . Financials. Down seven cents, or 0.20 per cent, to $35.08 on 6.5 million shares.Companies in the news: Brookfield Asset Management . Financials. Up $1.55, or 2.95 per cent, to $54.13. Brookfield is in talks to acquire a majority stake in French renewable power developer Neoen, with plans to buy the remaining interest in the company, if it is successful in reaching a deal. The plan led by the Brookfield Global Transition Fund values Neoen, which has renewable power projects in operation and under construction around the world, at about $9 billion.
Royal Bank of Canada . Financials. Up $7.31, or 5.19 per cent, to $148.27. Royal Bank of Canada raised its dividend as it reported its second-quarter profit rose compared with a year ago, helped by record earnings in its capital markets business. The bank said Thursday it will now pay a quarterly dividend of $1.42 per share, an increase of four cents. It also said it plans to buy back up to 30 million of its shares. The moves came as RBC said it earned $3.95 billion or $2.
Canadian Imperial Bank of Commerce . Financials. Up $4.53, or 7.01 per cent, to $69.19. CIBC's second-quarter results showed profits up from last year as the bank's share of bad loans benefited from efforts to cut exposure to the U.S. office segment. The bank reported Thursday it had a profit of $1.75 billion, or $1.79 per diluted share for the quarter ending April 30, up from $1.69 billion or $1.76 per share in the same quarter last year. Income climbed as revenue totalled $6.
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