TORONTO — Some of the most active companies traded Thursday on the Toronto Stock Exchange:
Toronto Stock Exchange (14,509.66, up 6.45 points.)
Centric Health Corp. (TSX:CHH). Health care. Down half a cent, or 2.08 per cent, to 23.5 cents on 19.6 million shares.
Manulife Financial Corp. (TSX:MFC). Financials. Down 14 cents, or 0.86 per cent, to $16.10 on 19.1 million shares.
Enbridge Inc. (TSX:ENB). Energy. Down $1.04, or 2.36 per cent, to $43.00 on 10.7 million shares.
Monarch Gold Corp. (TSX:MQR). Materials. Down four cents, or 14.04 per cent, to 24.5 cents on 10 million shares.
Cenovus Energy Inc. (TSX:CVE). Energy. Unchanged to $4.94 on 9.8 million shares.
Bombardier Inc. (TSX:BBD.B). Industrials. Up half a cent, or 1.18 per cent, to 43 cents on 9.2 million shares.
Companies in the news:
Aurora Cannabis Inc. (TSX:ACB). Up 91 cents or 11 per cent to $9.20. Aurora Cannabis Inc. says it incurred a $137.4 million net loss in its third quarter, down from the $1.3 billion it reported the quarter before. The Edmonton-based cannabis company says the period ended Mar. 31 saw improvement because the quarter before it had a $762.2 million goodwill impairment charge and $210.6 million impairment charge on intangibles and property, plant and equipment. Net revenue rose to $75.2 million from the $56 million it accrued the quarter before.
WildBrain Ltd. (TSX:WILD). Up one cent to $1.11. WildBrain Ltd. continues to see advertising-supported video streaming to be a big part of its future growth despite current conditions affecting the company and industry, chief executive Eric Ellenbogen told analysts Thursday. Those conditions prompted WildBrain to record a $184.5-million writedown of goodwill and a third-quarter loss, due to the impact on advertising revenue from YouTube’s changes to targeted ads as well as potential impacts of the COVID-19 economic slowdown. The one-time charge resulted in WildBrain reporting a loss of $221.7 million or $1.30 per share. That compared with a year-earlier net loss of $18.4 million or 14 cents per share.
Brookfield Asset Management Inc. (TSX:BAM.A). Down 57 cents or 1.3 per cent to $43.06. Brookfield Asset Management Inc. sees investment opportunities growing in the coming months as the economy bounces back somewhat less than many expect. A slower recovery will mean more companies need capital and investment from firms like Brookfield that have been preparing for an economic shift, Brookfield chief executive Bruce Flatt told a conference call Thursday to discuss the company’s latest results. The COVID-19 pandemic helped push the company into a first-quarter loss of US$US$157 million compared with a profit of nearly US$1.26 billion in the same quarter last year.
Quebecor Inc. (TSX:QBR.B). Down 18 cents to $28.69. Quebecor Inc. reported a $131.6-million profit for the first quarter and a 2.7 per cent increase in revenue compared with the same time last year despite feeling the initial effects of the COVID-19 pandemic and economic slowdown. The telecommunications and media company, which operates the Videotron internet and wireless business and the TVA broadcasting network, said Thursday its network successfully absorbed a substantial increase in traffic since the crisis began. Chief executive Pierre Karl Peladeau said Quebecor helped its customers stay connected during the pandemic, by removing data caps on internet services and opening access to a news channel.
This report by The Canadian Press was first published May 14, 2020.
The Canadian Press