TORONTO — Some of the most active companies traded Wednesday on the Toronto Stock Exchange:
Toronto Stock Exchange (16,501.43, up 82.29 points.)
Royal Bank of Canada. (TSX:RY). Financials. Up 46 cents, or 0.43 per cent, to $106.50 on 4.7 million shares.
First Quantum Minerals Ltd. (TSX:FM). Materials. Up six cents, or 0.52 per cent, to $11.70 on 4.2 million shares.
Encana Corp. (TSX:ECA). Energy. Down 13 cents, or 2.3 per cent, to $5.53 on 4.2 million shares.
Zenabis Global Inc. (TSX:ZENA). Health care. Down 5.5 cents, or 18.97 per cent, to 23.5 cents on 3.7 million shares.
The Bank of Montreal. (TSX:BMO). Financials. Up 64 cents, or 0.65 per cent, to $98.93 on 3.7 million shares.
Yamana Gold Inc. (TSX:YRI). Materials. Down two cents, or 0.43 per cent, to $4.61 on 3.4 million shares.
Companies in the news:
AltaGas Ltd. (TSX:ALA). Up 25 cents or 1.4 per cent to $18.49. Strong operating by Canada’s first propane export terminal on the West Coast means its output stands to continue to grow through next year, the CEO of owner AltaGas Ltd. says. The Calgary-based utility and midstream company said it earned $22 million for the quarter ended Sept. 30 compared with a loss of $726 million a year ago.
Molson Coors Brewing Co. (TSX:TPX.B). Down 70 cents to $72.80. Molson Coors Brewing Co. will cut hundreds of jobs in a restructuring effort that will see the brewer change its name as it focuses on growing its portfolio beyond beer. The Montreal-based brewer says it expects to cut 400 to 500 jobs, close its Denver office, designate Chicago as its North American operational headquarters and change its name to the Molson Coors Beverage Co.
Torstar Corp. (TSX:TS.B). Down 25 cents or 29.4 per cent to 60 cents. Shares in Torstar Corp. plunged after the company reported a larger-than-expected loss and suspended its quarterly dividend, setting in motion a mechanism that could shift the balance of power among the company’s shareholders. The media company reported on Wednesday a $40.9-million loss attributable to shareholders and an 11.6 per cent decline in third-quarter revenue.
BCE Inc. (TSX:BCE). Up 72 cents to $62.74. As the battle for TV viewers intensifies, Bell Media says it’s struck an agreement for the exclusive Canadian rights of original series made for the upcoming U.S. streaming platform HBO Max. The pact with Warner Bros., announced Wednesday, will secure a fresh selection of programming to help fortify Bell’s Crave streaming brand in an increasingly crowded market where Apple TV Plus and Disney Plus arrive in November.
Maple Leaf Foods Inc. (TSX:MFI). Down $3.96 or 13.7 per cent to $25.03. Maple Leaf Foods Inc. reported its third-quarter profit fell compared with a year ago, hurt by difficult pork market conditions including volatile hog prices and the Chinese import suspension of Canadian pork. Maple Leaf says it earned $13.4 million or 11 cents per share for the quarter ended Sept. 30 compared with a profit of $26.6 million or 21 cents per share a year ago. Sales totalled $995.8 million, up from $874.8 million in the same quarter last year.
This report by The Canadian Press was first published Oct. 30, 2019.
The Canadian Press