Some of the most active companies traded Tuesday on the Toronto Stock Exchange:
Toronto Stock Exchange (16,263.87, up 35.81 points).
Encana Corp. (TSX:ECA). Energy. Down 29 cents, or 2.93 per cent, to $9.60 on 7.9 million shares.
Aurora Cannabis Inc. (TSX:ACB). Health care. Down 11 cents, or 0.9 per cent, to $12.09 on 6.7 million shares.
Prometic Life Sciences Inc. (TSX:PLI). Health care. Down 6.5 cents, or 22.03 per cent, to 23 cents on 6.4 million shares.
Bombardier Inc. (TSX:BBD.B). Industrials. Up two cents, or 0.75 per cent, to $2.70 on 5.8 million shares.
Crescent Point Energy Corp. (TSX:CPG). Energy. Down 12 cents, or 2.77 per cent, to $4.21 on 4.6 million shares.
Toronto-Dominion Bank (TSX:TD). Financials. Up 34 cents, or 0.46 per cent, to $74.25 on 4 million shares.
BCE Inc. (TSX:BCE). Up 48 cents to $59.62. Howard Maker, head of the Commission for Complaints for Telecom-Television Services, says “bill shock” continues to be a top irritant for customers of Canada’s telecommunications and television services. The industry ombudsman says customers continue to receive bills that are devastatingly high, but the causes have evolved since Canada implemented a code of conduct for wireless carriers in 2013 and updated it with more stringent rules in 2017. Incorrect billing charges accounted for 16.5 per cent of all issues raised in 9,831 complaints to the CCTS over a six-month period to Jan. 31 and was the top issue for almost every type of service.
Gibson Energy Inc. (TSX:GEI). Up 48 cents or 2.1 per cent to $23.43. The Calgary-based company says the sale of its trucking arm means it has completed all of the non-core asset sales it targeted a year ago as part of a strategy to focus on its Alberta oil storage and handling assets. Gibson, which helps send one in four barrels of crude exported from Western Canada through its Hardisty terminal in central Alberta, says it will pocket about $100 million from the sale, bringing its divestiture proceeds to about $325 million since early 2018. It says Trimac Transportation has agreed to pay about $70 million for the trucking assets and a Trimac affiliate is to pay $30 million for property in Edmonton containing a field office and shop, with the deals expected to close later this year.
Cenovus Energy Inc.(TSX:CVE). Up one cent to $12.15. Oilsands producer Cenovus Energy is recommending investors at its annual general meeting vote against a shareholder motion requiring it to set greenhouse gas emission targets aligned with the goals of the Paris climate accord. The proposal by the Fonds de Solidarite des Travailleurs du Quebec would force Cenovus to set medium- and long-term targets for its direct and indirect methane and other GHG emissions from operations. In its response, Cenovus says the request is “overly demanding” because achieving the Paris goal of limiting the global average temperature increase to less than two degrees Celsius relative to pre-industrial levels will take an integrated national and global level plan.
Bank of Montreal (TSX:BMO). Up 66 cents to $102.14. The Bank of Montreal’s chief executive says it has seen a “moderation of growth” in Canadian consumer loans and mortgages but its economists say the risk of recession in the year ahead remains “relatively low.” BMO CEO Darryl White says the moderation was both “healthy and expected” and credit quality continues to be “very good” in these consumer portfolios. He added that BMO remains confident in its medium-term target of earnings-per-share growth of seven to 10 per cent.
The Canadian Press