Some of the most active companies traded Thursday on the Toronto Stock Exchange:
Toronto Stock Exchange (16,321.75, down 75.65 points).
Crescent Point Energy Corp. (TSX:CPG). Up 26 cents, or 5.17 per cent, to $5.29 on 12.1 million shares.
Encana Corp. (TSX:ECA). Energy. Down 21 cents, or 2.28 per cent, to $9.01 on 7.3 million shares.
Manulife Financial Corp. (TSX:MFC). Financials. Down 21 cents, or 0.86 per cent, to $24.25 on 7.1 million shares.
Aurora Cannabis Inc. (TSX:ACB). Health care. Down 33 cents, or 2.85 per cent, to $11.25 on 5.5 million shares.
Enbridge Inc. (TSX:ENB). Energy. Down 35 cents, or 0.71 per cent, to $49.17 on 5.2 million shares.
Bombardier Inc. (TSX:BBD.B). Industrials. Down two cents, or 0.92 per cent, to $2.15 on 4.8 million shares.
Quebecor Inc. (TSX:QBR.B). Down 52 cents to $32.77. Quebecor CEO Pierre Karl Peladeau says he is personally exploring a possible acquisition of Montreal-based tour operator Transat A.T., but another prospective buyer is already a step ahead. Montreal developer Vincent Chiara, who owns Groupe Mach, says he has submitted an offer following several months of talks. Quebecor more than doubled its dividend as its first-quarter profit rose to $189 million from $57.1 million a year ago. Revenue increased to nearly $1.03 billion.
Telus Corp. (TSX:T). Down 44 cents to $48.88. Telus Corp. raised its quarterly dividend to 56.25 cents per share as it reported a first-quarter profit of $437 million, up from $412 million a year ago. Operating revenue totalled nearly $3.51 billion, up from nearly $3.38 billion in the first quarter of 2018, helped by higher wireless and wireline data services revenue growth. On an adjusted basis, Telus says it earned 75 cents per share for the quarter, up from 73 cents per share a year ago.
Cineplex Inc.(TSX:CGX). Up $1.15 or 4.6 per cent to $26.02. Cineplex raised its dividend as it swung to a first-quarter loss of $7.4 million as fewer people went to the movies, compared with a profit of $15.2 million a year earlier. The theatre company says it will now pay a monthly dividend of 15 cents per share for a total of $1.80 per share on an annual basis, up from 14.5 cents per month for a total of $1.74 on an annual basis. Revenue fell to $364.9 million compared with $390.9 million in the first quarter of 2018, when Cineplex benefited from the release of Black Panther in theatres. Theatre attendance in the quarter was down 15.6 per cent compared with a year ago.
Canadian Tire Corp. (TSX:CTC.A). Down $2.63 to $148.33. Canadian Tire Corp. reported its first-quarter profit fell to $69.7 million from $78 million a year earlier. Revenue totalled $2.89 billion, up from $2.81 billion in the first quarter of 2018. The increase in revenue came as retail sales at its Canadian Tire stores increased 7.4 per cent and comparable sales gained 7.1 per cent. Meanwhile, sales at its SportChek stores gained 2.8 per cent, while comparable sales rose 3.4 per cent. Mark’s sales grew 5.5 per cent, while comparable sales at the clothing chain increased 4.9 per cent.
Magna International Inc. (TSX:MG). Down $7.14 or 10 per cent to $64.57. Magna International Inc. cut its outlook for the year. The auto parts company says it now expects a profit of between US$1.9 billion and US$2.1 billion on sales of between US$39.1 billion and US$41.3 billion. The reduction came as Magna says it now expects light vehicle production in North America to total 16.7 million and Europe to produce 21.5 million vehicles. Magna reported a first-quarter profit of nearly US$1.11 billion, compared with $660 million in the first quarter of 2018. Sales in the quarter totalled $10.59 billion, down from $10.79 billion a year earlier.
The Canadian Press