TORONTO — Some of the most active companies traded Tuesday on the Toronto Stock Exchange:
Toronto Stock Exchange (17,075.00, up 18.84 points.)
Aurora Cannabis Inc. (TSX:ACB). Health care. Down 23 cents, or 6.95 per cent, to $3.08 on 13.4 million shares.
Encana Corp. (TSX:ECA). Energy. Up 15 cents, or 2.6 per cent, to $5.93 on 6.5 million shares.
Pengrowth Energy Corp. (TSX:PGF). Energy. Up 0.25 of a cent, or 4.76 per cent, to 5.5 cents on 5.4 million shares.
Trican Well Service Ltd. (TSX:TCW). Energy. Up eight cents, or 7.55 per cent, to $1.14 on 4.9 million shares.
Whitecap Resources Inc. (TSX:WCP). Energy. Up 25 cents, or 5.11 per cent, to $5.14 on 4.7 million shares.
Baytex Energy Corp. (TSX:BTE). Energy. Up five cents, or 2.98 per cent, to $1.73 on 4.7 million shares.
Companies in the news:
Air Canada (TSX:AC). Up 45 cents to $50.33. Boeing Co.’s suspension of the 737 Max production line will mean further headaches for Canadian airlines, which were counting on the grounded jetliner to carry more passengers and boost profit margins. The Chicago-based aerospace company announced Monday that it will temporarily stop producing its grounded 737 Max jet starting in January as it struggles to get approval from regulators to put the plane back in the air. The manufacturing delay is likely hampering expansion plans at Air Canada, WestJet Airlines Ltd. and Sunwing Airlines Inc., said Robert Kokonis, president of Toronto-based consulting firm AirTrav Inc.
Canfor Corp. (TSX:CFP). Down $2.79 or 17.9 per cent to $12.77. Shares in Canfor Corp. plummeted after Great Pacific Capital Corp. failed to win the approval of the company’s minority shareholders and called off its plan to take the lumber producer private. The company said based on shareholder votes cast by proxy ahead of a Monday deadline, the offer of $16 per share by the Jim Pattison Group company had just 45 per cent support from the minority shareholders. A special meeting of Canfor shareholders scheduled for Wednesday was cancelled. Great Pacific, which holds a 51 per cent stake in Canfor, said the offer was within a range determined to be fair by a Canfor special committee and its advisers.
This report by The Canadian Press was first published Dec. 17, 2019.
The Canadian Press