Some of the most active companies traded Wednesday on the Toronto Stock Exchange:
Toronto Stock Exchange (16,212.66, up 46.42 points).
Bombardier Inc. (TSX:BBD.B). Industrials. Up 19 cents, or 9.69 per cent, to $2.15 on 17.9 million shares.
Bellatrix Exploration Ltd. (TSX:BXE). Energy. Down one cent, or 5.88 per cent, to 16 cents on 10.8 million shares.
Encana Corp. (TSX:ECA). Energy. Down 47 cents, or 6.54 per cent, to $6.72 on 7.4 million shares.
Aurora Cannabis Inc. (TSX:ACB). Health care. Down 19 cents, or 1.8 per cent, to $10.37 on 7.4 million shares.
Crescent Point Energy Corp. (TSX:CPG). Energy. Down 32 cents, or 7.22 per cent, to $4.11 on 6.6 million shares.
Prometic Life Sciences Inc. (TSX:PLI). Unchanged at three cents on 6.6 million shares.
Companies in the news:
Bombardier Inc. — Bombardier Inc. and Mitsubishi Heavy Industries Ltd. are in talks regarding the possible sale of Bombardier’s CRJ regional jet business, a deal that would mark the plane-and-train maker’s exit from commercial aviation and shift the industry landscape. The Japanese company cautioned that no decision has been made on any possible transaction. Earlier this year, Bombardier chief executive Alain Bellemare said the continuation of its regional jet program hinged on whether the company could fill up the CRJ’s partly blank order book.
Quebecor Inc. (TSX:QBR.B). Up 79 cents or 2.5 per cent to $32.23. TVA Group, the television subsidiary of Quebecor Inc., is cutting 68 positions as it looks to reduce operating expenses. The company blamed what it called “numerous” unfair practices that have undermined the television industry. TVA called for changes to help modernize the system, including changes to subscription fees for specialty channels and a refocusing of CBC/Radio-Canada’s mandate to make its programming complementary to the private broadcasters. The company also says sales tax and income tax should apply to Netflix and other businesses, foreign and domestic, physical and virtual.
Cogeco Communications Inc. (TSX:CCA). Up $1.76 or 1.9 per cent to $93.14. Cogeco Communications Inc. says it will spend more than $1 billion over the next four years to extend and upgrade its high-speed internet coverage in Ontario and Quebec. The Montreal-based company says it will roll out networks capable of providing speeds of one gigabit per second, comparable to some of the fastest consumer-grade services available in Canada. Its key competitor for residential customers in Ontario and Quebec — Bell Canada — has been rolling out a high-speed internet service capable of up to 1.5 gigabits per second but one gigabit per second is still considered very fast.
The Canadian Press