Some of the most active companies traded Tuesday on the Toronto Stock Exchange:
Toronto Stock Exchange (16,357.75, down 135.71 points).
Enbridge Inc. (TSX:ENB). Energy. Down 11 cents, or 0.22 per cent, to $49.29 on 14.4 million shares.
Bombardier Inc. (TSX:BBD.B). Industrials. Down three cents, or 1.36 per cent, to $2.18 on 12.3 million shares.
Manulife Financial Corp. (TSX:MFC). Financials. Down 46 cents, or 1.87 per cent, to $24.18 on 8.2 million shares.
Encana Corp. (TSX:ECA). Energy. Down three cents, or 0.33 per cent, to $9.19 on 7.1 million shares.
Iamgold Corp. (TSX:IMG). Materials. Down 49 cents, or 12.56 per cent, to $3.41 on 5.8 million shares.
Aurora Cannabis Inc. (TSX:ACB). Health care. Down 37 cents, or 3.1 per cent, to $11.58 on 5.8 million shares.
MEG Energy Corp. (TSX:MEG). Down 17 cents, or 2.9 per cent to $5.63. A strong rebound in western Canadian oil markets helped deliver the highest realized bitumen prices in four years for oilsands producer MEG Energy Corp. in the first quarter. Revenue rose 27 per cent to $919 million, beating analyst expectations of $651 million. The discount paid for Western Canadian Select bitumen blend crude compared with U.S. benchmark West Texas Intermediate fell after the Alberta government imposed production quotas in January to free up pipeline space. MEG reported a net loss of $48 million, compared with a profit of $141 million in the same period a year ago.
WestJet Airlines Ltd. (TSX:WJA). Up 20 cents to $19.04. WestJet Airlines topped expectations in its latest quarter, but chief executive Ed Sims said Tuesday the airline continues to face challenges from the grounding of its Boeing 737 Max aircraft and lagging demand at its discount subsidiary. The grounding weighed on the company’s revenue in the first quarter and the impact looks harsher on its second quarter with passenger capacity reduced by up to three per cent from April through June. Meanwhile Swoop, WestJet’s discount brand, continued to struggle in the shoulder season. The Calgary-based company said its net income increased 33 per cent to $45.6 million in the quarter ended March 31.
George Weston Ltd. (TSX:WN). Down $1.32 to $99.63. George Weston Ltd. is starting to stabilize about a year into a multi-year transformation plan, executives say, as the company earned some new business during its most recent quarter. It reported a net loss attributable to common shareholders of $488 million due to a $601-million one-time charge related to a significant unit price increase at Choice Properties. The loss compared with a profit of $180 million in the same period in 2018. Sales totalled $11.17 billion, up from $10.74 billion. Adjusted profits increased 12.9 per cent to $201 million.
Hudbay Minerals Inc. (TSX:HBM). Down $1 or 11.4 per cent to $7.76. Hudbay Minerals shares fell after it warned a mine development in Peru will be delayed due to government demands for more consultation. Hudbay has been negotiating with a local Peruvian community to gain surface rights for the Pampacancha satellite deposit near its existing Constancia copper mine. In April, the community was designated as Indigenous, the company reported, which means that additional consultation between it and the government must take place after Hudbay reaches a surface rights agreement. The company said it lost US$13.4 million in the quarter, compared with a profit of $41.4 million a year earlier.
The Canadian Press