TORONTO — Some of the most active companies traded Wednesday on the Toronto Stock Exchange:
Toronto Stock Exchange (17,005.82, down 5.58 points.)
Aurora Cannabis Inc. (TSX:ACB). Health care. Up 39 cents, or 12.54 per cent, to $3.50 on 28.4 million shares.
Cenovus Energy Inc. (TSX:CVE). Energy. Up five cents, or 0.42 per cent, to $11.86 on 8.3 million shares.
Encana Corp. (TSX:ECA). Energy. Up 16 cents, or 3.04 per cent, to $5.42 on 8 million shares.
The Green Organic Dutchman Holdings. (TSX:TGOD). Health care. Up 16 cents, or 21.92 per cent, to 89 cents on 6.9 million shares.
Canopy Growth Corp. (TSX:WEED). Health care. Up $3.18, or 15.66 per cent, to $23.49 on 6.7 million shares.
Aphria Inc. (TSX:APHA). Health care. Up 31 cents, or 5.46 per cent, to $5.99 on 6.1 million shares.
Companies in the news:
Canadian National Railway Co. (TSX:CNR). Down $2.20 or 1.8 per cent to $120.45. A chronic shortage of truck drivers across Canada is compounding concerns about the impact of a strike at Canadian National Railway Co., says the Forest Products Association of Canada. The forest industry supplies about 10 per cent of the tonnage transported on Canada’s railway system, CEO Derek Nighbor said, adding his industry is already reeling from a downturn that has resulted in several mill shutdowns and hundreds of layoffs in British Columbia. The strike by roughly 3,200 Teamsters Canada Rail Conference members began after the union and company failed to reach a deal by a Monday midnight deadline.
Metro Inc. (TSX:MRU). Up 74 cents or 1.3 per cent to $55.98. Metro Inc. plans to roughly double the number stores with self checkouts during its 2020 financial year as the industry contends with a tight labour market. CEO Eric La Fleche said the company is managing through the problem so far but he noted at a certain point, if staff don’t show up or stores can’t find people to fill vacancies, store conditions start to reflect that reality. More than 100 Metro stores already have self checkouts installed and the company plans to add the technology to another 100 locations this fiscal year, he said.
Encana Corp. (TSX:ECA). — The CEO of Encana Corp. is firing back after Canadian investment manager Letko, Brosseau & Associates Inc. said it would vote its four per cent stake against the Calgary-based company’s planned headquarters move to Denver. Doug Suttles, a Texan who lives in Denver, says the company is “disappointed” by the investor’s stance against what he says is a “crystal clear” rationale to expose the company to growing pools of investment from U.S. index funds and passively managed accounts. He says he disagrees with Letko Brosseau’s assertion that the move means investors holding Encana through indexed Canadian funds or with Canadian-only investment policies would have to sell shares, thus compounding recent share price deterioration.
This report by The Canadian Press was first published Nov. 20, 2019.
The Canadian Press