TORONTO — Some of the most active companies traded Wednesday on the Toronto Stock Exchange:
Toronto Stock Exchange (17,415.17, up 62.27 points.)
Aurora Cannabis Inc. (TSX:ACB). Health care. Up 36 cents, or 15.45 per cent, to $2.69 on 19.6 million shares.
Organigram Holdings Inc. (TSX:OGI). Health care. Up $1.24, or 44.13 per cent, to $4.05 on 9.9 million shares.
Hexo Corp. (TSX:HEXO). Health care. Up 33 cents, or 15.87 per cent, to $2.41 on 8.15 million shares.
Canopy Growth Corp. (TSX:WEED). Health care. Up $1.32, or 4.24 per cent, to $32.46 on 7.7 million shares.
Aphria Inc. (TSX:APHA). Health care. Up 39 cents, or 6.01 per cent, to $6.88 on 6.9 million shares.
The Green Organic Dutchman Holdings. (TSX:TGOD). Up six cents, or 8.22 per cent, to 79 cents on 6.9 million shares.
Companies in the news:
Air Canada (TSX:AC). Down 47 cents to $51.54. Air Canada unveiled Wednesday its first Airbus A220 jetliner, one of an eventual 45 it hopes will expand its grip on the North American market. The narrow-body aircraft, whose maiden voyage takes off for Calgary from Montreal on Thursday, grants Canada’s largest airline greater range and cost savings as the company tries to shore up profit margins amid the ongoing grounding of the Boeing 737 Max. The 137-seat A220 offers 20 per cent more fuel efficiency than some Boeing 737 and Airbus jets, and will begin to replace planes like the Embraer E190 with 97 seats, said Craig Landry, Air Canada’s head of operations.
Teck Resources Ltd. (TSX:TECK.B). Down 16 cents to $20.99. Mining company Teck Resources Ltd. says it is purchasing the SunMine solar electricity generating facility in B.C. from the City of Kimberley. The Vancouver-based company says it has agreed to pay about $2 million, matching the city’s debt associated with the operation. The 1.05-megawatt SunMine opened in 2015 on reclaimed land at Teck’s Sullivan Mine, which was closed in 2001 after producing zinc, lead and silver for nearly 100 years. But its earnings for the community fell short of expectations, in part due to heavy smoke caused by summer forest fires, and the city has been negotiating to sell it to Teck for several years.
Cogeco Communications Inc. (TSX:CCA). Down $10.60 or 9.4 per cent to $102.32. Shares of Cogeco Communications Inc. fell by nearly seven per cent Wednesday after the cable and internet provider missed expectations despite a 20 per cent increase in net income in its most recent quarter. The Montreal-based company says it earned $84.2 million for the period ended Nov. 30, up from $70.2 million a year earlier. That translated into $1.70 per diluted share, compared with $1.41 per share in the first quarter of 2019. Revenue grew 1.8 per cent to $586.8 million from $576.7 million, driven by growth in its U.S. broadband services segment.
This report by The Canadian Press was first published Jan. 15, 2020.
The Canadian Press