Some of the most active companies traded Wednesday on the Toronto Stock Exchange:
Toronto Stock Exchange (14,783.06, up 115.23 points).
Aurora Cannabis Inc. (TSX:ACB). Health care. Up 22 cents, or 2.77 per cent, to $8.15 on 15.1 million shares.
Aphria Inc. (TSX:APHA). Health care. Down 42 cents, or 5.12 per cent, to $7.78 on 12.3 million shares.
Bombardier Inc. (TSX:BBD.B). Industrials. Up seven cents, or 3.21 per cent, to $2.25 on 9.8 million shares.
Baytex Energy Corp. (TSX:BTE). Energy. Up four cents, or 1.8 per cent, to $2.26 on 6.8 million shares.
Encana Corp. (TSX:ECA). Energy. Up 17 cents, or 2.06 per cent, to $8.43 on 6.6 million shares.
Manulife Financial Corp. (TSX:MFC). Financials. Up 12 cents, or 0.6 per cent, to $19.97 on 6 million shares.
Companies reporting major news:
Bombardier Inc. Via Rail selected Siemens over Bombardier for a $989-million contract to modernize its passenger rail service along Canada’s key rail corridor between Quebec City and Windsor, Ont. The German manufacturer could receive up to about $500 million more from the state-owned railway if it exercises options for another 16 trains on top of the 32 awarded Wednesday. The new trains to be built in California should enter into service in 2022 with deliveries staggered until 2024.
WestJet Airlines Ltd. (TSX:WJA). Up 87 cents, or 4.74 per cent to $19.23. Flair Airlines chief executive Jim Scott says predatory pricing and scheduling by rival WestJet placed his budget carrier in jeopardy, as a “David and Goliath” battle over the past six months has culminated in an investigation by Canada’s competition watchdog. Scott said WestJet and low-cost offshoot Swoop used anti-competitive practices to crowd out Flair from several smaller markets including Saskatoon, Thunder Bay, and Kamloops.
Aphria Inc. The marijuana producer has signed a letter of intent to supply a company in Paraguay with medical cannabis. Under the agreement, Aphria will supply Insumos Medicos S.A., a pharmaceutical manufacturing, import and distribution company. Aphria says Insumos will undertake the registration of the Canadian company’s products in Paraguay and the appropriate licensing for the import of medical cannabis. Aphria has been under pressure in recent days after short-sellers alleged the company bought assets in Colombia, Argentina and Jamaica at “vastly inflated prices.”
The Canadian Press