TORONTO — Some of the most active companies traded Thursday on the Toronto Stock Exchange:
Toronto Stock Exchange (16,643.28, up 32.14 points).
First Quantum Minerals Ltd. (TSX:FM). Materials. Up 79 cents, or 8.55 per cent, to $10.03 on 11.8 million shares.
Aurora Cannabis Inc. (TSX:ACB). Health care. Down 76 cents, or 8.93 per cent, to $7.75 on 11.3 million shares.
Canadian Natural Resources Ltd. (TSX:CNQ). Energy. Unchanged at $33.52 on 8.8 million shares.
Encana Corp. (TSX:ECA). Energy. Down eight cents, or 1.28 per cent, to $6.19 on 8.3 million shares.
Manulife Financial Corp. (TSX:MFC). Financials. Up 17 cents, or 0.72 per cent, to $23.92 on 8.1 million shares.
Baytex Energy Corp. (TSX:BTE). Energy. Up three cents, or 1.6 per cent, to $1.90 on 7.8 million shares.
Companies in the news:
Empire Co. Ltd. (TSX:EMP.A). Down 23 cents to $35.64. Empire Co. Ltd. says it has largely completed major structural changes as part of a turnaround plan but it is already looking to the next phase for the company. The parent company of the Safeway and Sobeys grocery chains says it achieved $200 million in benefits in fiscal 2019 and expects another $250 million in benefits in the final year of the three-year program it called Project Sunrise. For the first quarter it earned a profit of $130.6 million, up from $95.6 million in the same quarter last year.
Aimia Inc. (TSX:AIM). Down one cent to $3.37. A group of shareholders at Aimia Inc. is seeking to overthrow half of the board, which presided over the sale of its flagship Aeroplan program earlier this year as well as months of tumult around control of the company. The group, dubbed Aimia Shareholders for Accountability, filed a formal requisition with the board Thursday demanding a special meeting to replace four directors. Charles Frischer, a Seattle-based investor who speaks for the group, is calling for himself and three others to take the place of chairman Bill McEwan and chief executive Jeremy Rabe along with two others. He notes Aimia has lost more than 80 per cent of its stock value over the past five years.
Dollarama Inc. (TSX:DOL). Down 34 cents to $48.14. A protracted trade war between the United States and China could make it more challenging for Dollarama Inc. to find new products that appeal to its customers’ desire to hunt for “treasures,” the discount retailer’s CEO said Thursday. Chinese factories are on standby and not creating new moulds or putting money into research and development on products destined for the U.S. market because of the trade instability, Neil Rossy said during a conference call about it’s second-quarter results. The Montreal-based retailer reported a profit of $143.2 million in its latest quarter as its sales grew nine per cent compared with a year ago.
Hudson’s Bay Co. (TSX:HBC). Up one cent to $10.21. Hudson’s Bay Co. reported a $984-million loss in its latest quarter as its bottom line was eroded by a number of one-time charges and its flagship Canadian retail banner experienced weaker sales compared with last year. The owner of the Hudson’s Bay chain of department stores, as well as the New York-based Saks Fifth Avenue luxury chain and Saks Off 5th outlets, said the loss amounted to $5.35 per share for the quarter ended Aug. 3. That compared with a year-earlier loss of $280 million or $1.45 per share. HBC’s overall revenue totalled $1.9 billion, roughly the same as a year ago, while comparable sales fell 0.4 per cent.
Transat AT Inc. (TSX:TRZ). Unchanged at $15.20. Transat AT Inc.’s third-quarter net loss more than doubled from the same time last year as the tour operator worked to complete its takeover by Air Canada. The Montreal-based company lost $11 million in the quarter ended July 31 versus its $5-million net loss the year prior. The push to close Transat’s sale to Air Canada heaped on an extra $14 million in costs in its third quarter, including $6 million in professional fees and $7.7 million in stock-based compensation for executives. Offsetting part of the expense were more travellers opting to book last-minute flights — typically pricier than long-term bookings — in a “surprising” trend that boosted revenue per passenger, chief operating officer Annick Guerard said.
The Canadian Press