Some of the most active companies traded Monday on the Toronto Stock Exchange:
Toronto Stock Exchange (16,094.72, down 144.50 points)
Bombardier Inc. (TSX:BBD.B). Aerospace, rail equipment. Up six cents, or 1.69 per cent, to $3.60 on 19.23 million shares. Bombardier’s unexpected win at the U.S. International Trade Commission could accelerate the merger talks between Boeing and Embraer in order to offer an alternative to the C Series, some industry analysts say. They say Boeing’s efforts to acquire the smaller aircraft manufacturer suggests it takes the 100- to 150-seat market seriously and that it acknowledges its offering is a weak alternative.
Aurora Cannabis Inc. (TSX:ACB). Health care. Down 33 cents, or 2.48 per cent, to $12.96 on 14.8 million shares.
ProMIS Neurosciences Inc. (TSX:PMN). Medical diagnostics and research. Up 22.5 cents, or 45.45 per cent, to 72 cents on 6.7 million shares.
Aphria Inc. (TSX:APH). Health care. Down $1.17, or 5.80 per cent, to $18.99 on 5.8 million shares. The licensed marijuana producer has struck an $826-million deal to buy Nuuvera Inc. to fuel its international expansion efforts. Nuuvera, which is in the final stages under Health Canada’s process to become a licensed marijuana producer, has business relationships in the Middle East, Africa and Europe, including a license to import medical cannabis to Italy for sales to domestic pharmacies.
NextSource Materials Inc. (TSX:NEXT). Miner. Down 1.5 cents, or 7.69 per cent, to 18 cents on 5.5 million shares.
Canopy Growth Corp. (TSX:WEED). Health care. Down $1.99, or 5.67 per cent, to $33.10 on 5.3 million shares.
Companies reporting major news:
Ballard Power Systems Inc. (TSX:BLDP). Fuel cell technology. Up $1.25, or 33.69 per cent, to $4.96 on 2.1 million shares. The fuel cell company fought back against a short seller’s report that questions the company’s prospects. Ballard says it expects to report record annual revenue of approximately $120 million, based on preliminary unaudited financial statements for its 2017 financial year. Last week, Spruce Point Capital released a report on Ballard with a “strong sell” recommendation.
Nutrien Ltd. (TSX:NTR). Agriculture. Down 36 cents, or 0.54 per cent, to $66.22 on 359,696 shares. The Canadian fertilizer giant announced it was acquiring Brazil-based specialty plant nutrition company Agrichem. Terms were not disclosed.
Royal Bank of Canada (TSX:RY). Bank. Down 58 cents, or 0.55 per cent, to $105.14 on 2.8 million shares. Canada’s largest bank is opening a cybersecurity lab at the University of Waterloo and investing $1.78 million into research to develop advanced defence and privacy tools. The funding will support researchers at the southwestern Ontario university’s Cheriton School of Computer Science and department of combinatorics and optimization.
The Canadian Press