Some of the most active companies traded Monday on the Toronto Stock Exchange:
Toronto Stock Exchange (16,216.26, down 14.70 points).
Encana Corp. (TSX:ECA). Energy. Up three cents, or 0.45 per cent, to $6.73 on 8.4 million shares.
Bombardier Inc. (TSX:BBD.B). Industrials. Up seven cents, or 3.38 per cent, to $2.14 on 5.9 million shares.
Cenovus Energy Inc. (TSX:CVE). Energy. Up four cents, or 0.37 per cent, to $10.98 on 5 million shares.
Aurora Cannabis Inc. (TSX:ACB). Health care. Up 39 cents, or 3.85 per cent, to $10.52 on 4.8 million shares.
Enbridge Inc. (TSX:ENB). Energy. Down 19 cents, or 0.40 per cent to $46.95 on 4.4 million shares.
Prometic Life Sciences Inc. (TSX:PLI). Health care. Down half a penny, or 16.67 per cent, to 2.5 cents on 4.1 million shares.
Companies in the news:
Hudson’s Bay Co. (TSX:HBC). Up $2.70 or 42.4 per cent to $9.07. Hudson’s Bay Co. shares surged after a group of shareholders, including executive chairman Richard Baker, proposed taking the retailer private once it completes the sale of its remaining German holdings for $1.5 billion. The group, which holds a 57 per cent stake in HBC, is offering $9.45 per share in cash to other investors — the same price paid by one of Baker’s business entities to the Ontario Teachers’ Pension Plan in January. HBC shares, which ended last week at a record-low close of $6.37, have been falling in recent years as the company has struggled to keep up with a changing retail environment.
Canaccord Genuity Group Inc. (TSX:CF). Down five cents to $5.54. Canaccord Genuity Group has struck a deal to acquire Australian financial services firm Patersons Securities Ltd. for roughly $23 million in cash. The Melbourne-based securities business has operations in wealth management and capital markets. Canaccord chief executive Dan Daviau says the addition of Patersons is part of its strategy to increase the scale of its wealth management operations and improve its business mix in Australia.
Brookfield Properties (TSX:BPY.UN). Down 43 cents to $24.99. Green Growth Brands Inc. has signed a deal to open more than 70 new CBD stores at Brookfield Properties’ shopping centres throughout the United States. The Ohio-based cannabis company says these stores will sell CBD-infused personal care products under its existing Seventh Sense banner and under a new brand called Green Lily. The chief executive of Brookfield Properties’ retail group, Sandeep Mathrani, says it is the company’s job to bring in retail offerings that consumers desire, and this includes Green Growth’s CBD products. Green Growth currently has seven shops within Brookfield Properties’ portfolio.
The Canadian Press