Some of the most active companies traded Thursday on the Toronto Stock Exchange:
Toronto Stock Exchange (15,695.98, up 69.25).
Encana Corp. (TSX:ECA). Energy. Up 19 cents, or 2.24 per cent, to $8.69 on 47.97 million shares.
Bombardier Inc. (TSX:BBD.B). Industrials. Up 47 cents, or 23.04 per cent, to $2.51 on 43.59 million shares.
Aurora Cannabis Inc. (TSX:ACB). Health care. Down 13 cents, or 1.36 per cent, to $9.43 on 9.5 million shares.
Nemaska Lithium Inc. (TSX:NMX). Materials. Down four cents, or 9.86 per cent, to 32 cents on 9.4 million shares.
New Gold Inc. (TSX:NGD). Materials. Down 43 cents, or 26.38 per cent, to $1.20 on 9.4 million shares.
Manulife Financial Corp. (TSX:MFC). Financials. Up 47 cents, or 2.25 per cent, to $21.40 on 8.7 million shares.
Bombardier Inc. — The plane-and-train maker turned a profit in 2018 for the first time in five years as its business jet unit delivered, catapulting its share price despite several train project derailments and weak transportation results. Bombardier said it pocketed a net income of US$318 million in 2018, compared to annual losses that ranged from US$525 million to US$5.34 billion in the four preceding years.
TransCanada Corp. (TSX:TRP). Up 47 cents to $42.48. Higher volumes from its growing stable of oil and gas pipelines in the United States and Canada drove improvements in fourth-quarter earnings, TransCanada Corp. reported Thursday. Oil and gas production growth in the U.S. and full oil pipelines in Alberta — where the provincial government has enacted production cuts to free up pipeline capacity and draw down overflowing storage — helped drive net income to $1.09 billion, the Calgary-based company said.
Canadian Tire Corp. Ltd. (TSX:CTC.A). Down $6.99, or 4.75 per cent to $140.02. Canadian Tire reported a dip in its fourth-quarter profit compared with a year ago, as it took a one-time charge related to its financial services deal with Scotiabank. The retailer says it earned a profit attributable to shareholders of $254.3 million or $3.99 per diluted share for the 13-week period ended Dec. 29, compared to a profit of $275.7 million or $4.10 per diluted share a year earlier. Revenue totalled $4.13 billion, up from $3.92 billion.
Telus Corp. (TSX:T). Down eight cents to $46.82. Telus acknowledged Thursday that the deployment of its fifth-generation wireless network could be delayed and be more expensive than anticipated if Ottawa chooses to ban equipment from Huawei Technologies Inc. The Vancouver-based company — which has used Huawei radio equipment in non-core portions of its 3G and 4G wireless networks — said it continues to believe the China-based company doesn’t pose a big risk to national security.
Canadian National Railway. (TSX:CNR). Up $1.79 to $109.94. The federal government, CN Rail and the body that oversees trade through Canada’s busiest port have signed an agreement allowing CN to build a second railway track to move more cargo and increase trade through Vancouver’s harbour. CN says the project is part of a long-term strategy to double-track a four-kilometre section of rail that links expanding import and export terminals on the south shore of Burrard Inlet to the company’s national network.
The Canadian Press