Some of the most active companies traded Wednesday on the Toronto Stock Exchange:
Toronto Stock Exchange (16,576.20, up 104.91 points).
Prometic Life Sciences Inc. (TSX:PLI). Health care. Unchanged at two cents on 22.4 million shares.
Trevali Mining Corp. (TSX:TV). Materials. Down half a cent, or 1.79 per cent, to 27.5 cents on 5.5 million shares.
Crescent Point Energy Corp. (TSX:CPG). Energy. Unchanged at $4.04 on 5 million shares.
Encana Corp. (TSX:ECA). Energy. Down nine cents, or 1.38 per cent, to $6.42 on 4.3 million shares.
Barrick Gold Corp. (TSX:ABX). Materials. Up 46 cents, or 2.25 per cent, to $20.93 on 4 million shares.
The Toronto-Dominion Bank (TSX:TD). Financials. Up 49 cents, or 0.64 per cent, to $77.54 on 3.4 million shares.
Companies in the news:
Transat A.T. (TSX:TRZ). Down $1.10 or 8.15 per cent to $12.39. Group Mach said Wednesday it is withdrawing its bid for Transat A.T., stating the tour operator chose to ignore its proposal even though it featured a higher price than Air Canada’s offer. Alfred Bugge, head of mergers and acquisitions at Group Mach, said Transat was well aware of the Quebec developer’s $14-per-share offer last week but forged ahead with an Air Canada takeover agreement priced at $13 per share. Under the agreement, Transat shareholders will convene by Aug. 26 to vote on the Air Canada deal, valued at $520 million.
Canopy Growth Corp. (TSX:WEED). Up $1.03 or 1.96 per cent to $53.52 Canopy Growth Corp.’s co-chief executive Bruce Linton, under whose guidance the Canadian cannabis company grew into the largest in the world, was ousted from both the top role and the board in a surprise move on Wednesday. The Smiths Falls, Ont.-based company said co-chief executive Mark Zekulin will become the sole CEO, effective immediately, and will work with the board to begin a search to find a new leader to guide the company in its next phase. Linton, who also stepped down as chairman and a director of its venture capital arm Canopy Rivers Inc., said he was “terminated.”
Nutrien Ltd. (TSX:NTR). Down 30 cents to $70.14. Thirty-four maintenance workers have been trapped about a kilometre underground at Nutrien Ltd.’s Cory potash mine in Saskatchewan since Tuesday afternoon. Company spokesman Will Tigley said Wednesday a service shaft to lift the workers out of the mine has stopped working and the company is working on a solution. He added the workers are safe and have plenty of food, water, power and contact with the surface.
TC Energy Corp. (TSX:TRP). Up $1.37 or 2.1 per cent to $65.98. TC Energy Corp. has signed a deal to sell U.S. midstream assets held by its subsidiary, Columbia Midstream Group, to UGI Energy Services LLC for $1.7 billion. Columbia Midstream Group owns four natural gas gathering systems and an interest in a company with gathering, processing and liquids assets in the Appalachian Basin. TC Energy Russ Girling says the sale is part of the company’s efforts to prudently fund its portfolio of natural gas pipeline, liquids pipelines and power generation projects.
The Canadian Press