TORONTO — Some of the most active companies traded Wednesday on the Toronto Stock Exchange:
Toronto Stock Exchange (16,406.56, down 59.49 points).
Encana Corp. (TSX:ECA). Energy. Up 28 cents, or 4.87 per cent, to $6.03 on 17.4 million shares.
Barrick Gold Corp. (TSX:ABX). Materials. Down 93 cents, or 4.16 per cent, to $21.45 on 8.4 million shares.
Bombardier Inc. (TSX:BBD.B). Industrials. Down two cents, or 0.87 per cent, to $2.27 on 8.4 million shares.
Crescent Point Energy Corp. (TSX:CPG). Energy. Up 10 cents, or 2.34 per cent, to $4.38 on 6.7 million shares.
Enbridge Inc. (TSX:ENB). Energy. Up 27 cents, or 0.62 per cent, to $44.08 on 6.6 million shares.
UEX Corp. (TSX:UEX). Materials. Up 1.5 cents, or 9.68 per cent, to 17 cents on 6.6 million shares.
Companies in the news:
Molson Coors Brewing Co. (TSX:TPX.B). Down $2.16 or 2.8 per cent to $74.83. Molson Coors’ newly appointed chief executive is already developing a plan to address a change in consumer tastes away from beer to compete with trendy new products like spiked seltzers and cannabis-infused drinks. Gavin Hattersley, who currently heads the MillerCoors U.S. operations, will replace Mark Hunter when he retires next month after 17 years with the company, including five as CEO. Hattersley plans to spend the next few months preparing the Denver and Montreal-based brewer for 2020 and beyond.
CannTrust Holdings Inc. (TSX:TRST). Up 25 cents or 8.8 per cent to $3.09. CannTrust Holdings has hired a financial adviser to help the cannabis company explore a potential sale and other strategic alternatives as regulators continue to investigate allegations of illicit pot growing at its Ontario greenhouse. The Vaughan, Ont.-based licensed pot producer said these alternatives could include, among other things, a sale of the company or a portion of it, a merger, a strategic investment, or changes to its operations or strategy. It added that Greenhill & Co. Canada will serve as its financial adviser and notes that it has not set a timeframe for completion of its strategic review.
CGI Group Inc. (TSX:GIB.A). Down $2.79 or 2.7 per cent to $101.58. CGI Group Inc. is reporting hefty third-quarter earnings and revenue growth, largely meeting analysts’ expectations. The information technology consultancy says it notched net earnings of $309.4 million in the quarter ended June 30, rising more than seven per cent from the same period in 2018. Revenues grew nearly seven per cent to $3.12 billion year over year, slightly below analysts’ expectations of $3.15 billion. Excluding non-recurring items, adjusted earnings reached $337.2 million or $1.22 per share, meeting the expectations of analysts polled by financial markets data firm Refinitiv. Adjusted earnings a year earlier stood at $309.7 million or $1.08 per share.
Encana Corp. (TSX:ECA). — Encana Corp. says it had a US$336 million profit in the second quarter and remains on track to meet its production and capital investment plan for 2019 while reducing costs more than previously projected. The Calgary-based company’s net income, reported in U.S. currency, amounted to 24 cents per share, a turnaround from a loss of $151 million or 16 cents per share in the second quarter of 2018. Revenue was $2.06 billion, up from $983 million and in line with estimates, with most of the increase from Encana’s U.S. operations.
The Canadian Press