TORONTO - Some of the most active companies traded Tuesday on the Toronto Stock Exchange:

Toronto Stock Exchange (16,418.14, up 30.61 points.)

Enbridge Inc. (TSX:ENB). Energy. Down nine cents, or 0.19 per cent, to $47.74 on 7.9 million shares.

Encana Corp. (TSX:ECA). Energy. Up 22 cents, or 4.04 per cent, to $5.66 on 7.4 million shares.

PrairieSky Royalty Ltd. (TSX:PSK). Energy. Down $1.64, or 11.13 per cent, to $13.10 on 7.2 million shares.

Zenabis Global Inc. (TSX:ZENA). Health care. Up four cents, or 16 per cent, to 29 cents on 5.3 million shares.

First Quantum Minerals Ltd. (TSX:FM). Materials. Up 42 cents, or 3.74 per cent, to $11.64 on 5 million shares.

Manulife Financial Corp. (TSX:MFC). Financials. Down seven cents, or 0.28 per cent, to $24.70 on 4.7 million shares.

Companies in the news:

Air Canada. (TSX:AC). Up $1.70 or 3.7 per cent to $47.42. Air Canada says it plans to hire 350 pilots next year in anticipation of the return of the Boeing 737 Max, whose grounding continues to weigh on Canada's largest airline. Chief executive Calin Rovinescu said once authorities lift the airspace ban it could take up to a year for all 50 Max jetliners slated to be in operation by mid-2020 to hit the skies. Air Canada's shares hit an all-time high Tuesday after it reinstated its 2019 profit forecast, even as the absent Max continues to hamper its earnings. The Montreal-based company's earnings fell slightly below expectations last quarter as net income fell nine per cent to $636 million in the quarter while revenue dropped three per cent to $5.53 billion.

Canopy Growth Corp. (TSX:WEED). Down $1.32 or 4.7 per cent to $26.92. Canopy Growth Corp. expects to have about 30 pot-infused products on the market by the end of the year, including distilled cannabis to be used in mixed drinks. The Smiths Falls, Ont.-based company will start with beverages, edibles and vapes and plans to roll out 32 specific items by end of December, and add 20 more over the following 12 months. Cannabis products such as beverages and topicals became legal on Oct. 17, one year after Canada legalized pot for recreational use. Canopy president Rade Kovacevic said its beverages containing THC and or CBD, which include sparkling waters and ready-made mixed drinks using distilled cannabis, are shelf stable at room temperature.

Shopify Inc. (TSX:SHOP). Down $13.39 or 3.2 per cent to $409.36. Shopify Inc. says its loss grew in the last quarter to US$72.8 million as it ramped up spending on capacity and service offerings, while revenue grew 45 per cent compared with a year ago. The Ottawa-based e-commerce platform, which keeps its books in U.S. dollars, says the loss amounted to 64 cents per share for the quarter ended Sept. 30 compared with a loss of $23.2 million or 22 cents per share a year ago. On an adjusted basis, Shopify says it lost $33.6 million or 29 cents per share in its latest quarter compared with an adjusted profit of $5.8 million or a nickel per share in the same quarter last year. Analysts had expected adjusted earnings of $13.17 million, or 11 cents per share according to financial markets data firm Refinitiv.

Hexo Corp. (TSX:HEXO). Down nine cents or three per cent to $2.94. Shares of Hexo Corp. fell after the cannabis company posted a larger-than-expected fourth-quarter adjusted loss and an inventory writedown. The Gatineau, Que.-based pot posted a net loss of $56.7 million in the quarter ended July 31, compared with a loss of $10.5 million in the same quarter a year ago. Net revenue totalled $15.4 million, up from $1.4 million in the same quarter last year before the legalization of recreational cannabis in Canada and $13.0 million in its third quarter. It also took a $16.9-million inventory writedown and analysts said Hexo's adjusted earnings before interest taxes, depreciation and amortization fell short of expectations.

Canfor Corp. (TSX:CFP). Up 32 cents or 2.1 per cent to $15.92. The board of Canfor Corp. is recommending shareholders accept an offer by a Jim Pattison Group company to take the lumber producer private. Great Pacific Capital Corp., which already owns a roughly 51-per-cent interest in Canfor, offered $16 per share in August for the stake it does not already own. Canfor said the offer is a significant premium to where the shares were trading before the bid and represented a compelling value proposition for the minority shareholders. However, investment management firm Letko, Brosseau & Associates Inc., which controls about a 4.8 per cent stake in Canfor, said in September that the offer was too low and planned to oppose the deal.

This report by The Canadian Press was first published Oct. 29, 2019.

News from © The Canadian Press, 2019