TORONTO — Some of the most active companies traded Thursday on the Toronto Stock Exchange:
Toronto Stock Exchange (17,235.57, up 67.75 points.)
Aurora Cannabis Inc. (TSX:ACB). Health care. Up 15 cents, or 6.61 per cent, to $2.42 on 11 million shares.
Encana Corp. (TSX:ECA). Energy. Down five cents, or 0.85 per cent, to $5.83 on 10.3 million shares.
Baytex Energy Corp. (TSX:BTE). Energy. Down one cent, or 0.52 per cent, to $1.90 on 9.8 million shares.
Crescent Point Energy Corp. (TSX:CPG). Energy. Up three cents, or 0.5 per cent, to $6.01 on 8.2 million shares.
Cenovus Energy Inc. (TSX:CVE). Energy. Down seven cents, or 0.53 per cent, to $13.05 on 7.3 million shares.
Manulife Financial Corp. (TSX:MFC). Financials. Up 31 cents, or 1.14 per cent, to $27.48 on 4.75 million shares.
Companies in the news:
Air Canada (TSX:AC). Up 56 cents to $49.60. Budget airline Swoop is adding flights to three Atlantic Canadian cities from Hamilton this summer. The expansion by the low-cost subsidiary of WestJet Airlines Ltd. marks the parent company’s latest move to challenge Air Canada’s dominance in the Maritimes. The new flights also represent a boon for Hamilton’s John C. Munro International Airport, which suffered several losses last fall when ultra-low-cost rival Flair Airlines took off for Toronto’s Pearson airport and Air Canada cancelled its Hamilton-Montreal route amid sluggish sales. Swoop’s new routes to St. John’s, Nfld., Moncton, N.B., and Charlottetown will run between late June and late October. WestJet and its regional service WestJet Encore already fly to the three cities from Toronto.
Cenovus Energy Inc. — Oilsands producer Cenovus Energy Inc. says it will aim to achieve “net zero” greenhouse gas emissions by 2050, joining a recent cavalcade of oil companies trumpeting their environmental aspirations. The Calgary-based firm says it intends to reduce its emissions per barrel by 30 per cent by 2030, while keeping flat its total emissions. It says it will do that with a multi-pronged approach including operational optimization, incorporating electricity cogeneration capacity into future oilsands phases, more use of solvent technology to reduce steam needed to produce bitumen, methane emissions reductions in its conventional drilling operations and through increased use of data analytics.
Aritzia Inc. (TSX:ATZ). Up $3.48 or 16.9 per cent to $24.01. Aritzia Inc. says it earned $34.8 million in its third quarter, up from $32.6 million a year earlier, as net revenue grew 10 per cent compared with a year ago. The Vancouver-based fashion retailer says its net revenue totalled $267.3 million in the quarter ended Dec. 1 compared with $242.9 million in the same quarter last year. Comparable store sales, a key metric for retailers, were up 5.1 per cent. On an adjusted basis, Aritzia says its profit amounted to 32 cents per diluted share for what was the third quarter of its 2020 financial year, up from an adjusted profit of 31 cents per diluted share a year earlier.
This report by The Canadian Press was first published Jan. 9, 2020.
The Canadian Press