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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 (16,074.30, up 6.39 points).

Aurora Cannabis Inc. (TSX:ACB). Health care. Down 32 cents, or 3.14 per cent, to $9.88 on 16.7 million shares.

Bombardier Inc. (TSX:BBD.B). Industrials. Down five cents, or 1.87 per cent, to $2.63 on 11.7 million shares.

Encana Corp. (TSX:ECA). Energy. Down 13 cents, or 1.42 per cent, to $9.05 on 7.2 million shares.

Nemaska Lithium Inc. (TSX:NMX). Energy. Down 1.5 cents, or 3.7 per cent, to 39 cents on 6.2 million shares.

Turquoise Hill Resources Ltd. (TSX:TRQ). Energy. Down 38 cents, or 13.67 per cent, to $2.40 on 6 million shares.

Barrick Gold Corp. (TSX:ABX). Materials. Down 16 cents, or 0.96 per cent, to $16.43 on 5.2 million shares.

Companies reporting:

National Bank of Canada. (TSX:NA). Down 40 cents to $62.13. National Bank reported relatively flat first-quarter profits, missing estimates as broader business growth was tempered by a slowdown in its financial markets segment. The Montreal-based lender reported net income for the three-month period ended Jan. 31 of $552 million, up $2 million from a year earlier. Its results in the latest quarter were driven by growth in most of its businesses, its financial markets segment was weighed down by market volatility late last year.

Air Canada (TSX:AC). Up 35 cents to $34.27. Air Canada said it has suspended service to India due the closure of Pakistani airspace as tensions mount between the two nuclear powers. A flight en route to Delhi Tuesday night turned back over the Atlantic Ocean and returned to Toronto Wednesday, the airline said. A second Air Canada flight from Vancouver to Delhi slated for takeoff Tuesday night was also cancelled, said spokeswoman Isabelle Arthur.

Cogeco Communications Inc. (TSX:CCA). Up $6.71 or 8.9 per cent to $81.76. Barely six years after it gambled half a billion dollars on cloud services, Cogeco Communications Inc. has signed a deal to hand over struggling Cogeco Peer 1 Inc. to L.A. investment firm Digital Colony for $720 million. The Montreal-based cable and internet company said it plans to use the proceeds to repay debt and repurchase shares, which hit a 52-week high and were up were up $6.06 or 8.1 per cent at $81.11 in early afternoon trading on the Toronto Stock Exchange.

Laurentian Bank (TSX:LB). Down $4.52 or 9.8 per cent to $41.54. Laurentian Bank announced it will cut roughly 10 per cent of its workforce over the next 12 months as the Montreal-based lender reported a steep drop in financial first quarter profits. The bank said Wednesday it is "streamlining certain back-office functions," largely related to supporting its retail services operations and expects to cut roughly 350 employees through attrition, early retirement and targeted job reductions over the next 12 months.

Torstar Corp. (TSX:TS.B). Up six cents or 6.7 per cent to 95 cents. The publisher of the Toronto Star newspaper reported a loss attributable to shareholders of $3.1 million in its latest quarter compared with a profit a year earlier as its revenue fell. That compared with a profit attributable to shareholders of $8.7 million a year earlier. Operating revenue totalled $144.9 million, down from $169.3 million.

News from © The Canadian Press, 2019
The Canadian Press

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