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Most actively traded companies on the TSX

Some of the most active companies traded Wednesday on the Toronto Stock Exchange:

Toronto Stock Exchange (15,182.64, up 119.05 points).

Aphria Inc. (TSX:APHA). Health care. Down 99 cents, or 16.53 per cent, to $5 on 30.3 million shares.

Aurora Cannabis Inc. (TSX:ACB). Health care. Down 91 cents, or 12.78 per cent, to $6.21 on 15.1 million shares.

Bombardier Inc. (TSX:BBD.B). Up eight cents, or 3.77 per cent, to $2.20 on 6.5 million shares.

Cenovus Energy Inc. (TSX:CVE). Energy. Up 31 cents, or 2.88 per cent, to $11.08 on 5.2 million shares.

Canopy Growth Corp. (TSX:WEED). Health care. Down $4.21, or 10 per cent, to $37.51 on 4.5 million shares.

Baytex Energy Corp. (TSX:BTE). Energy. Up 12 cents, or 4.67 per cent, to $2.69 on 4.3 million shares.

Companies reporting major news:

Canadian Natural Resources Ltd. (TSX:CNQ). Up $1.52 or 4.2 per cent to $37.33. The energy company is cutting its 2019 capital budget by about $1 billion due to poor western Canadian oil prices but it says it will ramp up spending if prices rebound. The Calgary-based oilsands producer announced Wednesday a 2019 base budget of $3.7 billion, below its "normalized" range of $4.7 billion to $5 billion and about 20 per cent less than this year's $4.6 billion.

Roots Corp. (TSX:ROOT). Down $1.02 or 22.47 per cent to $3.52. The retailer has partnered with singer Shawn Mendes to stitch up the brand's slowing sales and dropping shares. The Toronto-based apparel company said sales fell "well below" its own expectations in the third quarter, causing it to lower sales and earnings estimates from targets set when it went public in October 2017. Quarterly sales fell three per cent to $87 million, while net income fell nearly in half to $2.8 million or seven cents per share.

Hudson's Bay Co. (TSX:HBC). Up 45 cents or five per cent to $9.49. Help from the closure of Canadian Sears stores wasn't enough to keep the company from reporting a $164-million loss in the third quarter, better than a loss of $243 million a year ago. Sales across the HBC brands increased by 5.6 per cent to $2.2 billion, as sales from Saks Fifth Avenue grew by 7.3 per cent, making it the sixth quarter of consecutive growth. The company has been defending itself from recent criticism from its most vocal critic, activist investor Land and Buildings Investment Management LLC.

National Bank of Canada. (TSX:NA). Up 14 cents to $60.20. The bank hiked its dividend as it reported fourth-quarter net income of $566 million, up eight per cent from the previous year, as each of its three main business units improved earnings. Revenue for the three months ended Oct. 31 was $1.87 billion, slightly above analyst estimates. During the same period of fiscal 2017, National Bank had $525 million of net income or $1.39 per share and $1.76 billion of revenue. The bank also said its quarterly dividend will rise three cents to 65 cents per common share, payable Feb. 1.

News from © The Canadian Press, 2018
The Canadian Press

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