November 20, 2019 – Canadian Investor

Most actively traded companies on the TSX

November 20, 2019 Editor

TORONTO — Some of the most active companies traded Wednesday on the Toronto Stock Exchange: Toronto Stock Exchange (17,005.82, down 5.58 points.) Aurora Cannabis Inc. (TSX:ACB). Health care. Up 39 cents, or 12.54 per cent, to $3.50 on 28.4 million shares. Cenovus Energy Inc. (TSX:CVE). Energy. Up five cents, or 0.42 per cent, to $11.86 on 8.3 million shares. Encana Corp. (TSX:ECA). Energy. Up 16... Read More

Encana CEO defends plan to move HQ to Denver after investor criticism

November 20, 2019 CanadianInvestor

CALGARY — The CEO of Encana Corp. is firing back after Canadian investment manager Letko, Brosseau & Associates Inc. said it would vote its four per cent stake against the Calgary-based company’s planned headquarters move to Denver. Doug Suttles, a Texan who lives in Denver, says the company is “disappointed” by the investor’s stance against what he says is a “crystal... Read More

Pembina Pipeline deal with Kinder Morgan cleared by Competition Bureau

November 20, 2019 CanadianInvestor

CALGARY — Pembina Pipeline Corp. says the Canadian Competition Bureau has signed off on its $4.3-billion deal to buy assets from Kinder Morgan Inc. The Calgary-based company says the receipt of the “no-action letter” from the bureau clears the final regulatory hurdle for the deal to go through. Pembina announced in August that it would buy Kinder Morgan Canada Ltd. and the U.S. portion... Read More

Bitfarms still betting on Quebec despite growing pains in cryptocurrency field

November 20, 2019 CanadianInvestor

MONTREAL — Bitfarms marketed itself last spring as a socially conscious company, harnessing unused, sustainable hydroelectricity to help power Quebec’s digital economy while also providing much-needed revenue for the province’s struggling regions. But since that time, the cryptocurrency mining firm has run into difficulties. Bitfarms lost its president and co-founder last month, along with three managers and other lower-level staff. Its stock price is trading roughly 30 per... Read More