Some of the most active companies traded Wednesday on the Toronto Stock Exchange:
Toronto Stock Exchange (16,327.35, down 99.12 points).
Prometic Life Sciences Inc. Health care. Unchanged at 4.5 cents on 14.2 million shares.
First Quantum Minerals Ltd. (TSX:FM). Materials. Down $1.17, or 10.64 per cent, to $9.83 on 8.9 million shares.
Wallbridge Mining Company Ltd. (TSX:WM). Materials. Down six cents, or 17.39 per cent, to 28.5 cents on 7.9 million shares.
Bombardier Inc. (TSX:BBD.B). Industrials. Down nine cents, or 4.11 per cent, to $2.10 on 7.1 million shares.
Encana Corp. (TSX:ECA). Energy. Down 44 cents, or 4.8 per cent, to $8.71 on 6.7 million shares.
Barrick Gold Corp. (TSX:ABX). Materials. Down 24 cents, or 1.48 per cent, to $16.01 on 5.8 million shares.
Canadian Imperial Bank Of Commerce (TSX:CM). Down $4.91 or 4.4 per cent to $107.21. CIBC saw slow growth in personal and small business banking, offsetting its gains in capital markets and U.S. commercial banking as total earnings fell short of analysts’ expectations. Chief executive Victor Dodig cited “modest” year-over-year revenue growth last quarter at CIBC’s retail banking unit, which nonetheless saw earnings fall 2.4 per cent to $570 million compared to the same period in 2018.
Aimia Inc. (TSX:AIM). Down 37 cents or 8.75 per cent to $3.86. Aimia says it will buy back 22.9 per cent of its outstanding shares at a price of $4.30 each under a plan announced last month. The loyalty rewards company says it will buy back roughly 34.9 million shares, reducing its issued and outstanding shares to about 117.4 million. Aimia said last month it would spend up to $150 million to buy back stock under a “modified Dutch auction.”
Canopy Growth Corp. (TSX:WEED). Up $1.50 or 2.5 per cent to $61.82. Canopy Growth has signed a deal to buy skin-care company This Works for $73.8 million in cash. The Ontario-based cannabis company says This Works will be part of its entry into the natural wellness industry and boost its international presence. Based in London, This Works offers a range of natural skin-care and sleep products.
Barrick Gold Corp. — Barrick Gold has made a proposal to acquire the shares in Acacia Mining that it does not already own. Under the proposal, Barrick, which holds a majority stake in the African gold miner, would swap 0.153 of a Barrick share for each Acacia share. The offer implies a value for Acacia of US$787 million, and the total consideration for Acacia’s minority shareholders at US$285 million.
The Canadian Press