Some of the most active companies traded Tuesday on the Toronto Stock Exchange:
Toronto Stock Exchange (15,131.78, down 24.62 points).
Bombardier Inc. (TSX:BBD.B). Down 25 cents, or 10 per cent, to $2.25 on 34.7 million shares.
Aurora Cannabis Inc. (TSX:ACB). Health care. Down 46 cents, or five per cent, to $8.74 on 15.3 million shares.
Trican Well Service Ltd. (TSX:TCW). Energy. Down 12 cents, or 8.39 per cent, to $1.31 on 13.4 million shares.
RNC Minerals (TSX:RNX). Metals. Down 11 cents, or 16.92 per cent, to 54 cents on 12.5 million shares.
Cenovus Energy Inc. (TSX:CVE). Energy. Down 47 cents, or 4.08 per cent, to $11.04 on 11.8 million shares.
Baytex Energy Corp. (TSX:BTE). Energy. Down 25 cents, or 10 per cent, to $2.25 on 9.6 million shares.
Companies reporting major news:
TransCanada Corp. (TSX:TRP). Down 63 cents to $50.99. TransCanada told investors it expects to raise its dividend at an average annual rate of eight to 10 per cent through 2021, an outlook supported by expected growth in earnings and cash flow. The pipeline operator has increased its dividend on common shares in each of the last 18 years. Comparable earnings before interest, taxes, depreciation and amortization are expected to grow to about $10 billion in 2021, a 35 per cent increase from the $7.4 billion in 2017, TransCanada said.
Brookfield Business Partners LP (TSX:BBU.UN). Up 94 cents to $49.85. Brookfield and the Caisse de depot et placement du Quebec, together with a group of institutional partners, have signed a deal to buy Johnson Controls’ power solutions business for US$13.2 billion. The business produces batteries for automakers and aftermarket distributors and retailers. The companies say it is well positioned to benefit from the growth in demand for advanced batteries, including those used in electric vehicles. Johnson Controls expects net cash proceeds from the deal to be US$11.4 billion after tax and transaction-related expenses.
Flight simulator company CAE Inc. (TSX:CAE). Up 24 cents to $24.44. CAE says its second-quarter net income attributable to shareholders rose one per cent to $60.7 million for the quarter ended Sept. 30. Revenue for the three-month period totalled $743.8 million, up by 20 per cent from $618.2 million in the same quarter the previous year. The company attributed the performance to growth in its civil and defence aviation training divisions. Last week, CAE announced it was acquiring Bombardier’s business aircraft training business for an enterprise value of US$645 million.
The Canadian Press