TORONTO — Some of the most active companies traded Monday on the Toronto Stock Exchange:
Toronto Stock Exchange (17,293.42, up 58.93 points.)
Aurora Cannabis Inc. (TSX:ACB). Health care. Up seven cents, or 3.26 per cent, to $2.22 on 18.1 million shares.
Enbridge Inc. (TSX:ENB). Energy. Up 36 cents, or 0.69 per cent, to $52.53 on 9.4 million shares.
The Toronto-Dominion Bank. (TSX:TD). Financials. Up 14 cents, or 0.19 per cent, to $73.14 on 7.9 million shares.
Corridor Resources Inc. (TSX:CDH). Energy. Up 41 cents, or 46.59 per cent, to $1.29 on 7.7 million shares.
Baytex Energy Corp. (TSX:BTE). Energy. Down nine cents, or 4.81 per cent, to $1.78 on 6.8 million shares.
Encana Corp. (TSX:ECA). Energy. Unchanged at $5.68 on 6.7 million shares.
Companies in the news:
Maple Leaf Foods Inc. (TSX:MFI). Down 24 cents to $24.84. Angry comments from the CEO of Maple Leaf Foods Inc. about the circumstances surrounding the downing of a Ukrainian airliner in Iran are unprecedented, experts say. Michael McCain tweeted from the company’s Twitter account Sunday night, saying he’s “very angry” after a colleague lost his wife and child when Ukraine International Airlines flight PS752 was shot down shortly after takeoff from Tehran airport on Jan. 8, in what Iranian officials have described as an accident. He says the 63 Canadians on board are “collateral damage” from the behaviour of “a narcissist in Washington.”
Brookfield Renewable Partners (TSX:BEP.UN). Down $2.37 or 3.8 per cent to $60.34. Brookfield Renewable Partners says it has proposed a deal to fully take over TerraForm Power Inc. in an all-share deal that values the wind and solar company at about US$4 billion. Toronto-based Brookfield, which already owns 62 per cent of TerraForm shares, has proposed to take over the rest of outstanding shares at a value of US$17.31 a share. It says the deal would help simplify the corporate structure and strengthen Brookfield’s position in the renewable sector with US$50 billion in total power assets.
Shaw Communications Inc. (TSX:SJR.B). Down 10 cents to $26.40. Shaw Communications Inc. says intense competition in the wireless space is having an impact on subscriber numbers but it continues to see revenue growth in the segment. The Calgary-based telecom company had a net loss of 9,000 prepaid subscribers, and saw postpaid turnover, or churn, rise by 0.22 percentage points in the last quarter even as it had net addition of 67,000 subscribers in the segment. Subscriber numbers were in flux as major telecoms rolled out a series of aggressive promotions starting on Black Friday and continuing through the holiday season, including “desperate” programs to win back customers, said Paul McAleese, president of wireless.
Cott Corp. (TSX:BCB). Down 70 cents or 3.8 per cent to $17.77. Cott Corp. has made one of its biggest moves yet as part of its shift towards the water business with the acquisition of Primo Water Corp. The beverage company says it will rebrand under the Primo Water Corp. name to reflect its move away from its coffee and tea division as part of a plan to focus on water. The Primo deal, expected to close in March, has Cott paying US$14 per share in a combination of cash and Cott shares. Cott says the deal values Primo, a provider of water dispensers, purified bottled water and self-service refillable drinking water in the U.S. and Canada, at about US$775 million.
This report by The Canadian Press was first published Jan. 13, 2020.
The Canadian Press