Some of the most active companies traded Thursday on the Toronto Stock Exchange:
Toronto Stock Exchange (14,937.00, down 245.64 points).
Aphria Inc. (TSX:APHA). Health care. Up $2.55, or 51 per cent, to $7.55 on 42.8 million shares.
Aurora Cannabis Inc. (TSX:ACB). Health care. Up 84 cents, or 13.53 per cent, to $7.05 on 19.2 million shares.
Bombardier Inc. (TSX:BBD.B). Down two cents, or 0.91 per cent, to $2.18 on 14.4 million shares.
Cenovus Energy Inc. (TSX:CVE). Energy. Down 85 cents, or 7.67 per cent, to $10.23 on 11.6 million shares.
Manulife Financial Corp. (TSX:MFC). Financials. Down 91 cents, or 4.2 per cent, to $20.75 on 9.6 million shares.
Enbridge Inc. (TSX:ENB). Energy. Down $1.65, or 3.71 per cent, to $42.85 on 7.7 million shares.
Companies reporting major news:
Bombardier Inc. The transportation manufacturer says its largest business jetliner, a massive rail backlog and aftermarket services will propel the plane-and-train maker to 10 per cent revenue growth in 2019, roughly in line with analyst expectations. The Montreal-based company, which reports in U.S. dollars, forecasts total revenues of about $18 billion next year, with its freshly certified Global 7500 contributing to an expected $6.25 billion in business aircraft revenues. A $34-billion rail backlog will furnish more than 80 per cent of the railway division’s projected income of $9.5 billion for 2019.
Canadian National Railway (TSX:CNR). Down $3 or 2.7 per cent to $108.30. CN Rail is aiming to recreate its west coast success by bidding to acquire a stake in the largest container terminal in Eastern Canada. The Montreal-based company declined to provide details of its bid for an interest in Halterm, a 30-hectare site at the Port of Halifax. Halifax is Canada’s fourth-busiest port in terms of container traffic, behind Vancouver, Montreal and Prince Rupert in northwestern British Columbia. Union spokesman Kevin Piper said CN appears to be interested in transforming Halifax into a so-called gateway port that can handle larger ships and trains that are more than three kilometres long.
Aphria Inc. The marijuana producer says its board of directors has appointed a special committee of independent directors to review the company’s acquisition of LATAM Holdings Inc., which has been criticized by short-sellers. The company says it remains confident in the deal, but in the face of what it called “inaccurate and misleading accusations” by the short-sellers it is undertaking the comprehensive review. Quintessential Capital Management and Hindenburg Research have alleged that the cannabis grower’s acquisition of assets in Colombia, Argentina and Jamaica totalling $280 million from Scythian Biosciences were “largely worthless.”
Dollarama Inc. (TSX:DOL). Down $4.46 or 11.8 per cent to $33.33. The discount retailer said it will focus more of its attention on its lowest priced products in a bid to keep its comparable store sales growth from slowing. The Montreal-based dollar store chain saw its third-quarter comparable store sales grow 3.1 per cent compared with 4.6 per cent in the same quarter a year ago. To keep growth from stalling, Dollarama said it will call attention to products it sells for $1.25 and less.
The Canadian Press