TORONTO — Some of the most active companies traded Monday on the Toronto Stock Exchange:
Toronto Stock Exchange (16,418.45, up 41.33 points).
Aurora Cannabis Inc. (TSX:ACB). Health care. Down one cent, or 0.21 per cent, to $4.80 on 5.1 million shares.
The Green Organic Dutchman Holdings. (TSX:TGOD). Health care. Down four cents, or 3.36 per cent, to $1.15 on 4.7 million shares.
Encana Corp. (TSX:ECA). Energy. Down six cents, or 1.12 per cent, to $5.29 on 4.6 million shares.
Bombardier Inc. (TSX:BBD.B). Industrials. Up three cents, or 1.86 per cent, to $1.64 on 4.3 million shares.
Royal Bank of Canada. (TSX:RY). Financials. Up 75 cents, or 0.7 per cent, to $107.70 on 4.2 million shares.
Hexo Corp. (TSX:HEXO). Health care. Down eight cents, or 2.22 per cent, to $3.52 on 4 million shares.
Companies in the news:
The Hudson’s Bay Co. (TSX:HBC). Up 58 cents, or 6.1 per cent, to $10.03. The Hudson’s Bay Co. board agreed Monday to a sweetened privatization offer that values the retailer at about $1.9 billion, but the deal will require support from minority shareholders if it is to be accepted. The board said a group of shareholders led by HBC executive chairman Richard Baker, which holds about a 57 per cent stake in the retailer, has agreed to pay $10.30 per share in cash to take HBC private. The bid is nine per cent higher than an earlier offer of $9.45 per share by the group, following objections from Toronto-based Catalyst Capital and Land & Buildings Investment Management of Stamford, Conn.
Imperial Oil Ltd. (TSX:IMO). Up 55 cents, or 1.7 per cent, to $33.01. The Canada Energy Regulator says exports of crude oil by rail from Canada fell slightly in August to 310,000 barrels per day from 313,000 bpd in July. The August number is up 35 per cent from 230,000 bpd reported in August of 2018 but still well below the record high of 354,000 bpd set last December. The small change in crude-by-rail shipments came despite a threat by Imperial Oil Ltd. CEO Rich Kruger to throttle back the company’s rail movements in August and September to protest the ongoing Alberta oil production curtailment program. He says the program damages the economic case for crude-by-rail by artificially lowering the difference in oil prices between Alberta and the end market on the U.S. Gulf Coast.
Barrick Gold Corp. (TSX:ABX). Down 59 cents, or 2.6 per cent, to $21.99. Barrick Gold Corp. announced a deal with the government of Tanzania that will see the gold miner pay US$300 million to settle all outstanding tax and other disputes over its mines in the African country. The company and Tanzania are also to share the future economic benefits from the mines on an equal basis and create a dispute resolution framework. The slide in shares came despite the deal announced on Sunday matching the company’s key expectations as revealed in an announcement in July, analysts pointed out.
This report by The Canadian Press was first published Oct. 21, 2019.
The Canadian Press