TORONTO — Some of the most active companies traded Thursday on the Toronto Stock Exchange:
Toronto Stock Exchange (16,012.53, down 33.41 points).
Encana Corp. (TSX:ECA). Energy. Down 14 cents, or 2.47 per cent, to $5.52 on 9.4 million shares.
Aurora Cannabis Inc. (TSX:ACB). Health care. Down 47 cents, or 5.8 per cent, to $7.63 on 9.4 million shares.
Bombardier Inc. (TSX:BBD.B). Industrials. Down 12 cents, or 7.02 per cent, to $1.59 on 8.4 million shares.
RNC Minerals Inc. (TSX:RNX). Materials. Down six cents, or 11.76 per cent, to 45 cents on 6.7 million shares.
Stornoway Diamond Corp. (TSX:SWY). Materials. Down half a cent, or 20 per cent, to two cents, on 5.5 million shares.
Kinross Gold Corp. (TSX:K). Materials. Up six cents, or 0.93 per cent, to $6.52 on 4.9 million shares.
Companies in the news:
Canopy Growth Corp. (TSX:WEED). Down $6.16 or 14.5 per cent to $36.41. Canopy Growth Corp. shares fell to their lowest level this year after quarterly results that suggested the cannabis producer lost market share and an announcement that its CEO plans to leave the company, just weeks after his co-CEO was pushed out. CEO Mark Zekulin said Thursday that Canopy was successful when recreational cannabis became legal in Canada in October and that allowed it to grab 25 per cent to 33 per cent of the market. Zekulin says the company expects to maintain and increase its market share and as the market grows that will mean increasing revenues.
Intact Financial Corp. (TSX:IFC). Up 36 cents to $124.14. Intact Financial Corp. has signed a deal to buy The Guarantee Co. of North America and Frank Cowan Co. Ltd. from Princeton Holdings Ltd. for $1 billion in cash. The Guarantee is a specialty lines insurer in Canada and the U.S., while Frank Cowan is a managing general agent focused on specialty insurance. Intact is a provider of property and casualty insurance in Canada and a provider of specialty insurance in North America. The company says the acquisition will bolster its position and add new products for the high net worth customer segment.
Hudson’s Bay Co. (TSX:HBC). Up one cent to $9.40. The special committee of the board at Hudson’s Bay Co. says Catalyst Capital Group Inc. has turned down a request to extend a deadline for its offer for a roughly 10.7 per cent stake in the retailer. The bid by the investment firm, which is seeking to buy the shares in an effort to oppose a proposal to privatize the company, is set to expire on Friday. It is offering to buy up to nearly 19.8 million shares at a price of $10.11 per share. Meanwhile, the special committee urged shareholders to exercise caution with respect to the Catalyst offer. It noted the offer does not provide shareholders with certain protections typically required under a formal takeover bid.
The Canadian Press