Tag: Merrisa


Most actively traded companies on the TSX


TORONTO — Some of the most active companies traded Tuesday on the Toronto Stock Exchange:Toronto Stock Exchange (16,149.49, down 122.17 points).Aurora Cannabis Inc. (TSX:ACB). Health care. Up 66 cents, or 7.87 per cent, to $9.05 on 12.8 million shares.Bombardier Inc. (TSX:BBD.B). Industrials. Up three cents, or 1.62 per cent, to $1.88 on 12 million shares.Encana Corp. (TSX:ECA). Energy. Down 38 cents, or 6.52 per cent, to $5.45 on 11.7 million shares.Enbridge Inc. (TSX:ENB). Energy. Down 71 cents, or 1.6 per cent, to $43.54 on 11.3 million shares.Manulife Financial Corp. (TSX:MFC). Financials. Down 56 cents, or 2.48 per cent, to $22.04 on 9.9 million shares.Kinross Gold Corp. (TSX:K). Materials. Up 37 cents, or 6.12 per cent, to $6.42 on 7.9 million shares.Companies in the news:Bausch Health Companies Inc. (TSX:BHC). Down $1.56 or 4.9 per cent to $30. Bausch Health Companies Inc. slightly missed earnings estimates in the second quarter even as it nudged up its full-year forecast Tuesday on better results. Chief executive Joseph Papa said he expects Bausch — formerly known as Valeant Pharmaceuticals — will generate between US$8.4 billion and US$8.6 billion in revenue this year, about US$50 million more than its previous outlook. The company said its second-quarter net loss attributable to shareholders was $170 million, reduced from $872 million a year earlier.SNC-Lavalin Inc. (TSX:SNC). Down $1.45 or 8.1 per cent to $16.36. Shares of SNC-Lavalin Inc. plummeted to the lowest level in nearly 15 years Tuesday in reaction to its largest shareholder, the Caisse de depot et placement du Quebec, warning that the embattled engineering firm had to move to emergency mode to improve its project execution. The Montreal-based company’s shares fell to a low of $16.10 in early trading on the Toronto Stock Exchange. The Caisse booked a $700-million loss from its SNC investment during the first six months of the year and CEO Michael Sabia’s impatience was clearly evident.Hudson’s Bay Co. (TSX:HBC). Down two cents to $9.78. Investment firm Catalyst Capital Group Inc. says it has boosted the number of Hudson’s Bay Co. shares it’s seeking to buy in an effort to oppose a proposal to privatize the retailer. The firm says it is now seeking to buy up to 19.8 million shares at $10.11 each, up from 14.8 million shares, for a total bid value of $200 million. The offer, seeking about 10.75 per cent of outstanding shares, came after an insider group led by board chairman Richard Baker made a bid in June of $9.45 per share to take the retailer private. Catalyst says the Baker-led offer greatly undervalues the company, which owns the Saks Fifth Avenue, Hudson’s Bay, Lord &Taylor and Saks OFF 5th retail brands as well as significant real estate holdings.Aurora Cannabis Inc. (TSX:ACB). Up 66 cents or 7.9 per cent to $9.05. Aurora Cannabis Inc. shares soared briefly before giving up most of their gains Tuesday after the cannabis producer estimated its fourth-quarter production available for sale was at the high end of its previous guidance, or above. The Edmonton-based company’s shares rose as much as 13 per cent to an intraday high of $9.51 on the Toronto Stock Exchange. Earlier, Aurora announced its estimated production available for sale was between 25,000 and 30,000 kilograms — above the company’s previous guidance of 25,000 kilograms.Martinrea International Inc. (TSX:MRE). Down 26 cents or 2.5 per cent to $10. Auto parts manufacturer Martinrea International Inc. has reported earnings roughly in line with expectations despite some signs of a slowdown in the industry. The Toronto-based company says it had net earnings of $28.1 million or 34 cents per share for the quarter ending June 30, compared with earnings of $55.7 million or 64 cents per share last year. Martinrea says adjusted net earnings came in at $54.6 million, compared with $55.5 million last year. Sales came in at $948.5 million for the quarter, up from $921.7 million for the same quarter last year.The Canadian Press read more