TORONTO — Some of the most active companies traded Wednesday on the Toronto Stock Exchange:
Toronto Stock Exchange (16,335.93, down 55.59 points.)
Encana Corp. (TSX:ECA). Energy. Unchanged at $5.33 on 9.4 million shares.
Aurora Cannabis Inc. (TSX:ACB). Health care. Up 13 cents, or 2.77 per cent, to $4.82 on 6.2 million shares.
Baytex Energy Corp. (TSX:BTE). Energy. Up six cents, or 3.87 per cent, to $1.61 on 6.2 million shares.
Hexo Corp. (TSX:HEXO). Health care. Up 12 cents, or 3.54 per cent, to $3.51 on 5.4 million shares.
Bank of Montreal. (TSX:BMO). Financials. Up 10 cents, or 0.1 per cent, to $97.71 on 5.4 million shares.
Rogers Communications Inc. (TSX:RCI.B). Telecommunications. Down $5.39, or 8.12 per cent, to $61 on 5.2 million shares.
Companies in the news:
Hexo Corp. — Cannabis company Hexo Corp. says it is postponing its fourth-quarter earnings release as it announces a $70 million private placement of convertible debentures led by a group of investors, including its chief executive. The Gatineau, Que.-based company says that in light of this financing and additional time needed to finalize its year-end filings, Hexo will push back its earnings release to Oct. 28 and its conference call to Oct. 29. Hexo says in a release that it has entered into subscription agreements with a group of investors, including CEO Sebastien St-Louis, directors and other long-term shareholders, that have agreed to purchase on a private placement basis $70 million of unsecured convertible debentures of the company.
Rogers Communications Inc. — Enthusiasm for wireless data plans that don’t charge overage fees has forced Rogers Communications Inc. to slash its revenue expectations for this year. Senior executives told analysts Wednesday that they were positively surprised that about one million customers have switched to its unlimited wireless data plans, but acknowledged that has meant less revenue from overage fees generated when consumers surpass the monthly limits. Rogers said it now expects that 2019 full-year revenue may fall by up to one per cent compared with 2018 and the high end of its expectations is now only one per cent revenue growth.
This report by The Canadian Press was first published Oct. 23, 2019.
The Canadian Press