TORONTO — Some of the most active companies traded Friday on the Toronto Stock Exchange:
Toronto Stock Exchange (17,655.49, down 102.00 points.)
Bombardier Inc. (TSX:BBD.B). Industrials. Up four cents, or 2.8 per cent, to $1.47 on 15.3 million shares.
Aurora Cannabis Inc. (TSX:ACB). Health care. Down 40.5 cents, or 15.2 per cent, to $2.26 on 13.7 million shares.
Suncor Energy Inc. (TSX:SU). Energy. Down 82 cents, or 2.08 per cent, to $38.67 on 7.1 million shares.
Enbridge Inc. (TSX:ENB). Energy. Up 15 cents, or 0.27 per cent, to $56.13 on 6.6 million shares.
First Capital Real Estate Investment Trust. (TSX:FCR.UN). Real estate. Up three cents, or 0.14 per cent, to $21.81 on 5.7 million shares.
Manulife Financial Corp. (TSX:MFC). Financials. Down 21 cents, or 0.78 per cent, to $26.56 on 4.2 million shares.
Companies in the news:
Canada Goose Holdings Inc. (TSX:GOOS). Down $1.90 or 4.3 per cent to $42.25. Luxury parka maker Canada Goose Holdings Inc. slashed expected revenue growth for the year due to “material negative impact” from the new coronavirus outbreak. The health crisis “has hit our biggest current growth market,” said chief executive Dani Reiss during a conference call with analysts Friday after the company released its third-quarter financial results. Canada Goose has seen significant reductions in revenue at retail stores and through online shopping across Greater China. Meanwhile, global travel disruptions, such as flight cancellations and restrictions on movement, have affected retail stores in international shopping destinations in North America and Europe.
CAE Inc. (TSX:CAE). Up $1.35 or 3.4 per cent to $41.48. CAE Inc. says net income rose in its third quarter as it saw revenue gains across its civil aviation, defence, and health care segments. The high-tech training company says it had a net income of $99.8 million, or 37 cents per share, in the quarter ending Dec. 31, up from $79.5 million, or 29 cents per share in the same quarter last year. Revenue came in at $923.5 million, up from $816.3 million for the same quarter last year. Analysts had expected revenue of $941 million and net income of $92.4 million or 36 cents per share according to financial markets data firm Refinitiv.
Aurora Cannabis Inc. — Industry watchers say this week’s rash of cannabis company layoffs and executive departures is likely to continue. They are expecting a rocky year for the industry and anticipating that the coming months will bring more dramatic staffing cuts and changes to leadership at small and large cannabis companies alike. Their predictions come in the wake of Aurora Cannabis Inc.’s Thursday announcement, revealing that it would be slashing 500 staff jobs, taking nearly $800 million in goodwill writedowns and seeing the departure of its CEO Terry Booth. Aurora’s news came just days after Tilray Inc. said it would lay off 10 per cent of its workforce in a bid to cut costs and a week after Sundial Growers axed some of its workforce.
This report by The Canadian Press was first published Feb. 7, 2020.
The Canadian Press