TORONTO — Some of the most active companies traded Thursday on the Toronto Stock Exchange:
Toronto Stock Exchange (16,858.35, up 58.06 points).
Baytex Energy Corp. (TSX:BTE). Energy. Up three cents, or 1.36 per cent, to $2.23 on 7.5 million shares.
Encana Corp. (TSX:ECA). Energy. Down 18 cents, or 2.69 per cent, to $6.51 on 7.4 million shares.
First Quantum Minerals Ltd. (TSX:FM). Materials. Up $1.05, or 10.34 per cent, to $11.20 on 7.4 million shares.
Bombardier Inc. (TSX:BBD.B). Industrials. Up one cent, or 0.52 per cent, to $1.92 on 6.2 million shares.
Crescent Point Energy Corp. (TSX:CPG). Energy. Up five cents, or 0.82 per cent, to $6.12 on 5.7 million shares.
Manulife Financial Corp. (TSX:MFC). Financials. Up 25 cents, or 1.03 per cent, to $24.43 on 5.7 million shares.
Companies in the news:
CannTrust Holdings Inc. (TSX:TRST). Up nine cents or 5.2 per cent to $1.81. CannTrust Holdings Inc. said Thursday that about $1.3 million worth of its products will be returned by the Alberta government’s cannabis wholesaler and online retailer. The Alberta Gaming, Liquor and Cannabis agency announced the returns on Wednesday after Health Canada suspended CannTrust’s licences to produce and sell pot. CannTrust noted Thursday that Health Canada has not ordered a recall in respect of any of the company’s products. But it said that under the terms of its agreement, the goods may be returned for any reason and it will be responsible for the cost of the goods and all expenses related to the return.
Transcontinental Inc. (TSX:TCL.A). Up four cents to $15.81. Transcontinental Inc. says the son of its founder will acquire Benefits Canada, Les Affaires and several other specialty publications while a second buyer will acquire Investment Executive, Advisor’s Edge and two other publications. The Montreal-based company said most of the employees in the divested businesses will be retained by the new owners but that about 20 people will have their employment terminated. It didn’t disclose financial terms of the sales agreements, but said they are part of Transcontinental’s ongoing shift away from publishing.
Bombardier Inc. — The Mitsubishi Aircraft Corp. is putting down roots in Quebec, unveiling plans for a new product development centre in the Montreal area after reaching a deal in June to buy Bombardier Inc.’s regional jet program. The office will be part of the company’s push to get a single-aisle airliner off the ground in 2020 as it doubles down on regional jets. It plans to hire 100 engineers and certification specialists in Montreal within a year to assist the point team in Washington state. Premier Francois Legault says the Quebec government will lend Mitsubishi $12 million, which will be forgiven if the Japanese firm provides high-paid employment for 250 workers over five years.
This report by The Canadian Press was first published Sept. 19, 2019.
The Canadian Press