TORONTO — Some of the most active companies traded Wednesday on the Toronto Stock Exchange:
Toronto Stock Exchange (17,031.98, down 43.22 points.)
Aurora Cannabis Inc. (TSX:ACB). Health care. Down 23 cents, or 7.47 per cent, to $2.85 on 14.2 million shares.
Manulife Financial Corp. (TSX:MFC). Financials. Up 18 cents, or 0.69 per cent, to $26.11 on 10.5 million shares.
Encana Corp. (TSX:ECA). Energy. Down two cents, or 0.34 per cent, to $5.91 on 9.4 million shares.
Canadian Natural Resources Ltd. (TSX:CNQ). Energy. Up two cents, or 0.05 per cent, to $40.57 on 7.4 million shares.
BCE Inc. (TSX:BCE). Telecommunications. Down 85 cents, or 1.38 per cent, to $60.66 on 6.4 million shares.
Enbridge Inc. (TSX:ENB). Energy. Up 49 cents, or 0.97 per cent, to $51.21 on 6.2 million shares.
Companies in the news:
SNC-Lavalin Group Inc. (TSX:SNC). Up $4.58 or 19 per cent to $28.70. SNC-Lavalin Group Inc. on Wednesday settled criminal charges related to work the company did in Libya, with its construction division pleading guilty to a single count of fraud and bringing the company a step closer to ending a long-standing scandal that tarnished its reputation and ensnared the highest office of the Canadian government. Under the deal, it pleaded guilty to a charge of fraud over $5,000, will pay a $280-million penalty and will be subject to a three-year probation order.
General Motors — The last pickup trucks rolled down the line Wednesday at General Motor’s Oshawa Assembly Plant as an era of vehicle production comes to a close for the Ontario motor city. GM announced in November last year that it would wind down production at the plant, which has been in operation since 1953, while GM first started producing vehicles in the city east of Toronto in 1918. The closure means about 2,600 unionized employees will lose their jobs, though about 300 are being saved through a $170 million investment by GM to turn part of the operation into a parts plant.
DavidsTea Inc. — DavidsTea Inc. says it will be restating financial reports from earlier this year to comply with accounting standards, a move that will delay completion of its third-quarter financial results. The Montreal-based tea shop operator says it made errors in its first- and second-quarter reports related to changes in the way leases are handled under International Financial Reporting Standards. DavidsTea says investors should no longer rely on its financial reports for the quarters ended May 4 and Aug. 3 and that the report for its quarter ended Nov. 2 will be delayed.
This report by The Canadian Press was first published Dec. 18, 2019.
The Canadian Press