TORONTO — Some of the most active companies traded Tuesday on the Toronto Stock Exchange:
Toronto Stock Exchange (16,492.17, down 38.87 points).
Encana Corp. (TSX:ECA). Energy. Up 33 cents, or 6.09 per cent, to $5.75 on 8.5 million shares.
Baytex Energy Corp. (TSX:BTE). Energy. Up 12 cents, or 6.28 per cent, to $2.03 on 6.2 million shares.
Crescent Point Energy Corp. (TSX:CPG). Energy. Up 19 cents, or 4.65 per cent, to $4.28 on 5 million shares.
Aurora Cannabis Inc. (TSX:ACB). Health care. Up one cent, or 0.12 per cent, to $8.21 on 4.8 million shares.
First Quantum Minerals Ltd. (TSX:FM). Materials. Down 11 cents, or 0.9 per cent, to $12.13 on 4.5 million shares.
Barrick Gold Corp. (TSX:ABX). Materials. Down 25 cents, or 1.1 per cent, to $22.38 on 4.4 million shares.
Companies in the news:
Nutrien Ltd. (TSX:NTR). Up $4.71 or 7.1 per cent to $71.26. Shares in Canadian fertilizer giant Nutrien Ltd. jumped Tuesday after it posted strong second-quarter results despite what it called the “worst U.S. planting season in history.” The company cut its estimate for 2019 adjusted earnings by about five per cent to account for the impact of severe wet weather that prevented planting of corn fields in some of its key U.S. markets. Second-quarter net income from continuing operations were US$858 million on US$8.66 billion of sales, versus US$741 million on US$8.1 billion in sales a year earlier.
Air Canada (TSX:AC). Up $1.60 or 3.55 per cent to $46.69. Air Canada is facing a tougher third quarter due to the grounding of the Boeing 737 Max, with the airline announcing it will scrub the plane from its schedules until Jan. 8 and see capacity drop in one of its busiest travel periods. Despite the forecasted two per cent year-over-year decline in capacity, down from its original forecast for a three-per-cent rise, the company expects to boost adjusted core earnings by five per cent next quarter. Air Canada reported adjusted earnings that soared above analyst estimates as it contained costs and boosted revenue nearly 10 per cent to a second-quarter record of $4.76 billion.
CannTrust Holdings Inc. (TSX:TRST). Down two cents to $2.84. The interim chief executive of CannTrust Holdings Inc. said the board was kept in the dark about unlicensed growing at its Ontario greenhouse and only learned of the allegations after Health Canada notified the pot company of its discovery. Robert Marcovitch would not address questions about who gave the direction to start cultivating pot in five rooms before receiving government approval as its internal investigation is ongoing. The former U.S. sports executive stepped into the top job at the Vaughan, Ont.-based cannabis company last week after it terminated its chief executive and demanded its board chair resign as Health Canada investigates allegations of illegal pot growing at a CannTrust greenhouse.
The Canadian Press