Some of the most active companies traded Tuesday on the Toronto Stock Exchange:
Toronto Stock Exchange (15,842.71, up 34.08 points)
Cenovus Energy Inc. (TSX:CVE). Oil and gas. Up 41 cents, or 3.04 per cent, to $13.90 on 10.3 million shares.
Baytex Energy Corp. (TSX:BTE). Oil and gas. Up 20 cents, or 3.53 per cent, to $5.86 on 9.1 million shares.
Aurora Cannabis Inc. (TSX:ACB). Healthcare. Down 33 cents, or 4.07 per cent, to $7.78 on 7.1 million shares.
Encana Corp. (TSX:ECA). Oil and gas. Up 48 cents, or 2.83 per cent, to $17.43 on 6.5 million shares.
Bombardier Inc. (TSX:BBD.B). Aerospace, rail equipment. Down six cents, or 1.41 per cent, to $4.20 on 6.3 million shares.
Canadian Natural Resources Ltd. (TSX:CNQ). Oil and gas. Down 87 cents, or 1.92 per cent, to $44.43 on 6.2 million shares. Royal Dutch Shell is selling its stake in the company for about $4.3 billion. The sale of more than 97 million shares represents Shell’s entire interest in Canadian Natural, a roughly eight per cent stake in the company.
Companies reporting major news:
CGI Group Inc. (TSX:GIB.A). Application software. Up 58 cents, or 0.75 per cent, to $77.96 on 713,398 shares. The Montreal-based company says it has reached an agreement to pay $272.8 million to purchase more than 3.6 million of its shares held by the Caisse de depot et placement du Quebec.
Shopify Inc. (TSX:SHOP). E-Commerce. Up $6.96, or 3.90 per cent, to $185.51 on 369,737 shares. The Ottawa-based company unveiled a host of new features and its first brick-and-mortar location in a bid to attract — and keep — more retailers on its e-commerce platform. Shopify revealed at it Unite conference in Toronto on Tuesday that the location that will act as a hub for its retailer clients to get support for growing their business will open in 2018, but did not say where.
Valeant Pharmaceuticals International Inc. (TSX:VRX). Pharmaceutical. Up $2.08, or 8.87 per cent, to $25.54 on 4.4 million shares. The company is changing its name to Bausch Health Companies Inc. as it works to move further past the issues that tarnished its reputation and sullied its brand. Valeant, which has been working to turn itself around in recent years after facing political and regulatory scrutiny for its relationship with a mail order company and large increases to drug prices, said the switch will come in July and also involves changing its stock market ticker symbol to BHC on the Toronto and New York stock exchanges.
The Canadian Press