Some of the most active companies traded Tuesday on the Toronto Stock Exchange:
Toronto Stock Exchange (15,671.15, down 43.51 points)
Aurora Cannabis Inc. (TSX:ACB). Health care. Down 27 cents, or 2.66 per cent, to $9.89 on 12.1 million shares. The licensed producer has signed a deal to supply medical marijuana to Shoppers Drug Mart, a pharmacy chain owned by Loblaw (TSX:L) (up 79 cents, or 1.21 per cent, to $66.18 on 706,350 shares). The agreement is subject to Health Canada’s approval of Loblaw’s application to dispense medical cannabis. Shoppers has signed similar deals with licensed medical marijuana producers Aphria, MedReleaf and Tilray.
Bombardier Inc. (TSX:BBD.B). Aerospace, rail equipment. Up two cents, or 0.49 per cent, to $4.09 on 7.1 million shares.
Aphria Inc. (TSX:APH). Health care. Down 42 cents, or 3.25 per cent, to $12.50 on 5.61 million shares.
Cenovus Energy Inc. (TSX:CVE). Oil and gas. Up four cents, or 0.41 per cent, to $9.78 on 5.56 million shares.
Toronto-Dominion Bank (TSX:TD). Bank. Up 68 cents, or 0.91 per cent, to $75.24 on 4.52 million shares.
Canopy Growth Corp. (TSX:WEED). Health care. Down 83 cents, or 3.04 per cent, to $26.45 on 4.51 million shares.
Companies reporting major news:
BMO Financial Group (TSX:BMO). Bank. Down $1.38, or 1.39 per cent, to $98.20 on 2.4 million shares. The bank’s adjusted net income for the first quarter dropped by seven per cent to $1.422 billion, but still came in ahead of analyst estimates. Its adjusted net income amounted to $2.12 per share — above the estimate of $2.06 per share from Thomson Reuters. Without adjustments, its net income for the first quarter was $973 million or $1.43 per share, down 35 per cent from a year earlier — mostly because of a $425 million one-time item related to U.S. tax reform.
Bank of Nova Scotia (TSX:BNS). Bank. Up $1.09, or 1.38 per cent, to $79.88 on 2.7 million shares. Scotiabank on Tuesday reported better-than-expected adjusted first-quarter profit of roughly $2.275 billion attributable to shareholders, up 16.9 per cent from a year ago. The international banking division of Canada’s third-largest lender also saw a 16 per cent increase in net income to $667 million as it continues to expand its presence in the Pacific Alliance countries of Peru, Colombia, Mexico and Chile.
Restaurant Brands International Inc. (TSX:QSR). Fast food restaurants. Up 39 cents, or 0.52 per cent, to $75.19 on 582,506 shares. An association representing 70 per cent of Tim Hortons franchisees is threatening parent company RBI with legal action after a computer virus caused intermittent cash register outages.
The Stars Group Inc. (TSX:TSGI). Online gaming. Up six cents, or 0.18 per cent, to $34.02 on 333,956 shares. The Toronto-based gaming company has acquired majority ownership of Australia’s CrownBet Holdings Pty Ltd., which operates a regulated sports betting market. It paid US$117.7 million cash to acquire 62 per cent of CrownBet’s equity from Crown Resorts Ltd.
The Canadian Press