TORONTO — Some of the most active companies traded Thursday on the Toronto Stock Exchange:
Toronto Stock Exchange (16,369.03, up 58.06 points).
Encana Corp. (TSX:ECA). Energy. Up 22 cents, or 3.87 per cent, to $5.91 on 10.6 million shares.
Aurora Cannabis Inc. (TSX:ACB). Health care. Up 45 cents, or 8.09 per cent, to $6.01 on 9.6 million shares.
The Toronto-Dominion Bank. (TSX:TD). Financials. Down 17 cents, or 0.23 per cent, to $73.27 on 9.5 million shares.
Bombardier Inc. (TSX:BBD.B). Industrials. Up one cent, or 0.64 per cent, to $1.57 on 7.7 million shares.
First Quantum Minerals Ltd. (TSX:FM). Materials. Down 15 cents, or 1.51 per cent, to $9.81 on 5.8 million shares.
Enbridge Inc. (TSX:ENB). Energy. Up 35 cents, 0.77 per cent, to $45.84 on 5.1 million shares.
Companies in the news:
Canopy Growth Corp. (TSX:WEED). Up $1.81 or 6.2 per cent to $31.14. Constellation Brands Inc. is “pleased” with Canopy Growth Corp.’s progress even though the alcohol giant’s latest quarterly results were weighed down by millions in losses and a writedown in connection with its significant stake in the cannabis producer. Chief executive Bill Newlands’ positive tone is a change from comments on Canopy made during its previous quarter that preceded the ousting of Canopy co-founder and co-chief executive Bruce Linton in July. He told analysts Thursday that Constellation was “looking forward” to the launch of next-generation cannabis products in Canada in the coming months, “when Canopy will unveil their portfolio of value-added higher-margin products,” including drinks, edibles and vapes.
Domtar Corp. (TSX:UFS). Up $1.49 or 3.4 per cent to $45.67. Domtar Corp. says it will permanently shut down two paper machines at U.S. mills, affecting about 100 workers. The closure at the pulp and paper mill in Ashdown, Ark., will take effect immediately while the move at the paper mill in Port Huron, Mich., will be completed by mid-November. The Montreal-based company says the closures which will reduce annual uncoated freesheet paper capacity by about 204,000 tons was necessary due to declining demand and increasing imports of copy paper.
Linamar Corp. (TSX:LNR). Down $4.23 or 10.3 per cent to $36.74. Shares of Linamar Corp. tumbled in early trading after the auto parts maker warned that a strike at General Motors in the U.S. was taking a bite out of its bottom line. The Ontario-based company says a strike-related decline in GM orders is affecting Linamar’s earnings by up to $1 million a day. The strike by the United Auto Workers at GM began on Sept. 16. The work stoppage has halted GM production in the United States and cut output in Mexico and Canada. In addition, Linamar says conditions in its non-automotive markets have softened since the company’s second-quarter results were reported in August.
WestJet Airlines. (TSX:WJA). Down four cents to $30.60. WestJet Airlines and Sunwing Vacations Inc. say they are examining their fleets of Boeing 737 Next Generation aircraft for cracks after a U.S. regulator ordered the inspections. Calgary-based WestJet says it has 43 aircraft that fall under an inspection directive issued by the U.S. Federal Aviation Administration Thursday. The company says it has had no structural cracks in its 737 NG fleet and expects minimal disruptions from the inspections. Sunwing Vacations Inc. said it had received the directive from the FAA and will be inspecting its fleet as appropriate but didn’t expect any disruptions to its schedule.
This report by The Canadian Press was first published Oct. 3, 2019.
The Canadian Press