Some of the most active companies traded Wednesday on the Toronto Stock Exchange:
Toronto Stock Exchange (16,396.29, up 59.84 points).
Crescent Point Energy Corp. (TSX:CPG). Energy. Up 33 cents, or 6.57 per cent, to $5.35 on 11.9 million shares.
Baytex Energy Corp. (TSX:BTE). Energy. Up 36 cents, or 14.69 per cent, to $2.81 on 10.4 million shares.
Encana Corp. (TSX:ECA). Energy. Up 38 cents, or 4.10 per cent, to $9.64 on 9.5 million shares.
Aurora Cannabis Inc. (TSX:ACB). Health care. Up 43 cents, or 3.67 per cent, to $12.15 on 8.1 million shares.
Cenovus Energy Inc. (TSX:CVE). Energy. Up 61 cents, or 4.78 per cent, to $13.36 on 6.9 million.
Whitecap Resources Inc. (TSX:WCP). Energy. Up 41 cents, or 7.68 per cent, to $5.75 on 5.7 million shares.
Cogeco Inc. (TSX:CGO). Up $6.64 or 8.6 per cent to $83.68. Cogeco says it has completed a system update in Ontario and Quebec that has caused months of problems for the cable and internet company. CEO Philippe Jette says Cogeco has fixed the problems experienced while installing a new customer management system that resulted in a spike in complaints to the industry’s ombudsman and pushed customers to switch to competitors. Cogeco said its net income attributable to shareholders fell in the second quarter to $25.7 million from last year’s $46.6 million, when Cogeco benefited from U.S. tax reform.
Quebecor Inc. (TSX:QBR.B). Down nine cents to $32.49. Canada’s telecom regulator has directed Quebecor to continue providing its TVA Sports signal to Bell TV subscribers. The Canadian Radio-television and Telecommunications Commission also warned Wednesday that it is “ready to use the means at its disposal to enforce its regulations,” which means that it could attach an order under Section 12 of the Broadcasting Act. Quebecor, which has called for higher rates from Bell for specialty channels, has threatened to scramble the signal of its French-language TVA Sports to Bell TV subscribers starting with Wednesday’s opening of the National Hockey League’s playoffs.
TransAlta Corp. (TSX:TA). Up six cents to $9.89. The Ontario Securities Commission says it will hear an application on Friday in Toronto by activist U.S. investors who want to delay the annual meeting of power utility TransAlta Corp. and impose a transaction vote. The regulator says its proceeding will consider the application of Mangrove Partners, which with entities affiliated with Bluescape Energy Partners owns 10 per cent of TransAlta’s shares, to delay the meeting from April 26 until at least June 1. The American shareholders also want the regulator to force TransAlta to hold a vote on its proposed deal with Brookfield Renewable Partners, under which $750 million would be invested in the company’s hydroelectric assets.
The Canadian Press