TORONTO — Some of the most active companies traded Tuesday on the Toronto Stock Exchange:
Toronto Stock Exchange (17,168.06, up 62.59 points).
Aurora Cannabis Inc. (TSX:ACB). Health care. Down seven cents, or 2.85 per cent, to $2.39 on 6.9 million shares.
Western Energy Services Corp. (TSX:WRG). Energy. Up 6.5 cents, or 22.41 per cent, to 35.5 cents on 6.3 million shares.
Encana Corp. (TSX:ECA). Energy. Up one cent, or 0.16 per cent, to $6.35 on 5.1 million shares.
Enbridge Inc. (TSX:ENB). Energy. Down 21 cents, or 0.4 per cent, to $51.65 on 4.7 million shares.
Barrick Gold Corp. (TSX:ABX). Materials. Up 16 cents, or 0.67 per cent, to $24.01 on 4.6 million shares.
The Bank of Nova Scotia. (TSX:BNS). Financials. Down 68 cents, or 0.94 per cent, to $71.74 on 4.4 million shares.
Companies in the news:
CIBC (TSX:CM). Down 21 cents to $107.33. Canadian bank executives are sharing their 2020 priorities today after a year that saw them grapple with layoffs, an increase in insolvencies and talk of an impending recession. Leaders from each of the country’s major banks are discussing their outlook for the year at the 2020 Canadian Bank CEO Conference in Toronto. CIBC President Victor Dodig is predicting the growth of direct banking in Canada and the U.S. this year because of demand from millennials wanting to bank without brick-and-mortar branches. His Royal Bank of Canada counterpart Dave McKay is keeping an eye on Canada’s housing supply and the mortgage stress test because he says the country has to be careful of the ramifications if it relaxes the policy.
Lightspeed POS Inc. (TSX:LSPD). Up $3.19 or 8.6 per cent to $40.20. Technology firm Lightspeed POS Inc. says it has reached a deal to buy German point-of-sale company Gastrofix for upwards of $164 million. The deal for the cloud-based, hospitality-focused company includes $79.4 million in cash and $52.7 million in shares on closing, plus a further $19 million in cash and $12.7 million in shares if some performance conditions are met. Montreal-based Lightspeed says the deal strengthens its presence in Europe and its capacity to offer services to merchants and restaurants in key regions across the continent.
This report by The Canadian Press was first published Jan. 7, 2020.
The Canadian Press