LONDON — Cross-party talks in Britain aimed at striking a compromise Brexit deal have broken down without agreement.Opposition Labour Party leader Jeremy Corbyn says the talks with Prime Minister Theresa May’s government have “gone as far as they can.”The two sides have held weeks of negotiations to see if they can agree on terms for Britain’s exit from the European Union that can win support in Parliament. The talks began after lawmakers rejected May’s divorce deal with the EU three times.But the Conservatives and Labour differ on how close an economic relationship to seek with the bloc after the U.K. leaves.Britain was due to leave the EU on March 29, but Brexit has been delayed until Oct. 31 amid the political impasse.The Associated Press
Some of the most active companies traded Thursday on the Toronto Stock Exchange:Toronto Stock Exchange (15,076.16, up 13 points):Hydro One Ltd. Instalment Receipts (TSX:H.IR). Utilities. Up five cents, or 0.13 per cent, to $37.50 on 10.2 million shares.Encana Corp. (TSX:ECA). Oil and gas. Up two cents, or 0.17 per cent, to $11.64 on 5.3 million shares.Arizona Mining Inc. (TSX:AZ). Miner. Down three cents, or 0.97 per cent, to $3.06 on 4.8 million shares.First Quantum Minerals Ltd. (TSX:FM). Miner. Up 50 cents, or 3.57 per cent, to $14.49 on 4.3 million shares.HudBay Minerals Inc. (TSX:HBM). Miner. Up 41 cents, or 3.82 per cent, to $11.13 on 3.3 million shares.Tethys Petroleum Ltd. (TSX:TPL). Oil and gas. Down half-a-cent, or 25.00 per cent, to 1.5 cents on three million shares.Companies reporting major news:Canadian Imperial Bank of Commerce (TSX:CM). Bank. Down $2.03, or 1.89 per cent, to $105.57 on 2.6 million shares. CIBC increased its quarterly dividend by three cents to $1.30 per share. The bank posted net income of $1.1 billion or $2.60 per common share, which was down from $3.61 per share in the 2016 third quarter when CIBC recorded an unusual gain from the sale of its minority interest in American Century Investments. After adjustments, CIBC earned $2.77 per share or $1.17 billion in the three months ended July 31, up from $1.07 billion in last year’s third quarter, while revenue was on a par with last year at $4.1 billion.Fairfax Financial Holdings Ltd. (TSX:FFH). Insurance. Up $30.32, or five per cent, to $636.62 on 97,051 shares. Fairfax is selling its stake in Singaporean insurer First Capital Insurance Ltd. for US$1.6 billion as part of a broader partnership agreement that will ensure the Canadian insurance and investment company receives 25 per cent of the subsidiary’s profits. The Toronto-based company said on a conference call Thursday that the all-cash deal to sell its 97.7 per cent stake in the business to Japan’s Mitsui Sumitomo Insurance Co. is part of a “strategic alliance” with Mitsui, under which the companies will pursue global partnership opportunities.Hudson’s Bay Company (TSX:HBC). Retailer. Down 57 cents, or 5.38 per cent, to $10.03 on 813,030 shares. The Toronto-based retailer says its president of international operations is leaving the company next month. HBC International president Don Watros, who was appointed to the post in January 2015, will vacate the position on Sept. 29. He has worked with HBC for nearly a dozen years.