Some of the most active companies traded Tuesday on the Toronto Stock Exchange:
Toronto Stock Exchange (14,605.15, up 101.02 points).
Aurora Cannabis Inc. (TSX:ACB). Health care. Down 31 cents, or 4.43 per cent, to $6.68 on 11.4 million shares.
Barrick Gold Corp. (TSX:ABX). Materials. Down 87 cents, or 5.06 per cent, to $16.32 on 8.1 million shares.
Enbridge Inc. (TSX:ENB). Energy. Up 79 cents, or 1.77 per cent, to $45.37 on 7.6 million shares.
Kinross Gold Corp. (TSX:K). Materials. Up six cents, or 1.43 per cent, to $4.27 on 7.6 million shares.
Toronto Dominion Bank (TSX:TD). Up 13 cents, or 0.19 per cent, to $67.82 on 7.3 million shares.
Hexo Corp. (TSX:HEXO). Health care. Down 19 cents, or 2.98 per cent, to $6.18 on 7.2 million shares.
Hydro One Inc. (TSX:H). Up 36 cents, or 1.8 per cent to $20.54. Washington state regulators have denied a request from Hydro One and Avista Corp. to reconsider the rejection of the Ontario utility’s planned takeover of the American company. The Washington Utilities and Transportation Commission said Tuesday it will take no action on the request, which was made after regulators found last month that the $6.7-billion planned merger would not sufficiently safeguard Avista customers from the whims of Ontario’s provincial government — Hydro One’s largest shareholder.
CIBC (TSX:CM). Up 28 cents to $103.80. The chief executive of Canadian Imperial Bank of Commerce says he expects overall mortgage growth in the country to be flat or in the low-single digits for the “foreseeable future.” Victor Dodig says the potential for mortgage growth to turn negative will hinge on whether the Canadian housing market takes a negative turn, driven by other macroeconomic factors. The Canadian Real Estate Association said national home sales are projected to fall to a near-decade low this year.
Aimia Inc. (TSX:AIM). Up 10 cents, or 2.7 per cent to $3.80. Aimia shareholders voted Tuesday to approve the $450-million sale of its Aeroplan loyalty program to Air Canada, cementing the takeover but leaving questions about Aimia’s future. The deal will give Air Canada better access to customer data and likely boost margins in the near term, analysts say. Aimia, a loyalty analytics company, will come away with more than $1 billion in cash, according to Mittleman Brothers, the company’s largest stakeholder. Aimia chairman Robert Brown downplayed the possibility of paying out shareholders and folding as a publicly traded company any time soon.
New Gold Inc. (TSX:NGD). Up 15 cents, or 11.72 per cent, to $1.43. New gold shares climbed in Tuesday trading after the company reported improved fourth-quarter performance at its troubled Rainy River mine. The Toronto-based company says gold production at its Rainy River mine in Ontario surged 39 per cent in the fourth quarter to 77,202 ounces while production was fairly steady at its New Afton mine in British Columbia at just under 19,000 ounces.
The Canadian Press