Most actively traded companies on the TSX, TSX Venture Exchange

TORONTO - Some of the most active companies traded Wednesday on the Toronto Stock Exchange and the TSX Venture Exchange:

Toronto Stock Exchange (14,656.40 up 44.11 points):

Carpathian Gold Inc. (TSX:CPN). Miner. Up 0.5 cents, or 20 per cent, to three cents on eight million shares.

Talisman Energy Inc. (TSX:TLM). Oil and gas. Up 89 cents, or eight per cent, to $12.02 on 7.4 million shares.

Encana Corporation (TSX:ECA). Oil and gas. Up $1.13, or 4.6 per cent, to $25.69 on 5.5 million shares. Shares were up after the company announced a deal to roughly double its oil production with a $3.1-billion acquisition of oil-producing properties in the Eagle Ford shale formation in south Texas from Freeport-McMoRan.

Bombardier Inc. (TSX:BBD.B). Aerospace. Up seven cents, or 1.70 per cent, to $4.18 on 5.4 million shares.

Bellatrix Exploration Ltd. (TSX:BXE). Oil and gas. Up 19 cents, or 1.71 per cent, to $11.27 on 4 million shares.

Southern Pacific Resource Corp. (TSX:STP). Oil and gas. Down 6.5 cents, or 20 per cent, to 26 cents on 3.2 million shares.

Toronto Venture Exchange (1,001.04 down 4.58 points):

LX Ventures Inc. (TSXV:LXV). Application software. Up six cents, or 60 per cent, to 16 cents on 4.8 million shares.

Gold Canyon Resources Inc. (TSXV:GCU). Miner. Up two cents, or 7.41 per cent, to 29 cents on 4.4 million shares.

Companies reporting major news:

Brookfield Asset Management Inc. (TSX:BAM.A). Real estate services. Up 41 cents, or 0.90 per cent, to $46 on 988,008 shares. The company, which reports in U.S. dollars, said it earned US$843 million or 80 per diluted share for the quarter ended March 31, up from US$697 million or 51 cents per diluted share a year ago. Revenue totalled US$4.37 billion, down from $4.95 billion in the first three months of 2013.

Canadian Pacific Railway Ltd. (TSX:CP). Up $2.46, or 1.45 per cent, to $172.25 on 317,482 shares. The company said Wednesday that chief executive Hunter Harrison has agreed to a one-year contract extension that will keep him at the railway until 2017. He was hired as CEO in 2012 after a bitter proxy fight led by activist investor Bill Ackman's hedge fund, Pershing Square Capital Management.

Intact Financial Corp. (TSX:IFC). Insurance. Up $1.77, or 2.51 per cent, to $72.39 on one million shares. The property and casualty insurer said its first-quarter net income was $160 million or $1.17 per share, down eight per cent from $174 million or $1.27 per share in the first quarter of 2013 as results were hurt by harsh winter weather.

Molson Coors Canada Inc. (TSX:TPX.B). Brewer. Up $2.22, or 3.40 per cent, to $67.52 on 5,062 shares. Molson Coors handily beat expectations as its first-quarter profit surged in part due to an improved performance in Canada despite weakness in the flagship Coors Light beer brand. The Denver and Montreal-based company, which reports in U.S. dollars, said Wednesday it earned US$163.4 million or 88 cents per diluted share for the period ended March 31. That compared with US$28.5 million or 16 cents per share a year earlier.

Talisman Energy (TSX:TLM). Oil and gas. Up 91 cents, or 8.19 per cent, to $12.02 on 13.9 million shares. Shares climbed as quarterly net income was $491 million, or 47 cents per share, compared with a net loss of $213 million or 21 cents per share in the first quarter last year.

Tim Hortons Inc. (TSX:THI). Coffee, quick-food chain. Down 79 cents, or 1.32 per cent, to $58.89 on 1.3 million shares. The company earned $90.9 million or 66 cents per share, up from $86.2 million or 56 cents per share a year ago but below estimates of 68 cents.

Torstar Corp. (TSX:TS.B). Publishing. Up three cents, or 0.39 per cent, to $7.74 on 271,572 shares. The Toronto-based media company reported quarterly net earnings of $7.1 million or nine cents per share, up for five cents per share and $4.2 million of net income in the first quarter of 2013, while adjusted earnings of 14 cents met analyst estimates. Revenue totalled $310.5 million, down 6.6 per cent year-over-year.