TORONTO — Some of the most active companies traded Wednesday on the Toronto Stock Exchange:
Toronto Stock Exchange (17,599.86, up 27.58 points).
Bombardier Inc. (TSX:BBD.B). Industrials. Down one cent, or 0.78 per cent, to $1.28 on 19.9 million shares.
Encana Corp. (TSX:ECA). Energy. Unchanged at $5.19 on 9.75 million shares.
Aurora Cannabis Inc. (TSX:ACB). Health care. Up eight cents, or 3.08 per cent, to $2.68 on 7.5 million shares.
Aphria Inc. (TSX:APHA). Health care. Up 61 cents, or 8.78 per cent, to $7.56 on 7.1 million shares.
Enbridge Inc. (TSX:ENB). Energy. Up 37 cents, or 0.69 per cent, to $53.67 on 5.6 million shares.
Manulife Financial Corp. (TSX:MFC). Financials. Up 28 cents, or 1.04 per cent, to $27.25 on 5.4 million shares.
Companies in the news:
Air Canada (TSX:AC). Down 16 cents to $48.68. Canada's two biggest airlines pushed back the return of the beleaguered 737 Max after airplane maker Boeing Co. said it did not expect regulators to green-light the jet for takeoff until the middle of the year. The delay until late June by Air Canada and WestJet Airlines Ltd. follows similar moves by American Airlines, United Airlines and Southwest Airlines, further jeopardizing routes and profit margins. The U.S. Federal Aviation Administration and Boeing have continued to find defects with the aircraft that fall outside of the automated software system known as MCAS.
SNC-Lavalin Inc. (TSX:SNC). Down 14 cents to $31.62. SNC-Lavalin Inc. has recruited a former Bombardier executive who oversaw key asset sales to oversee the engineering and construction firm's strategic transformation. Louis Veronneau will take on the new role of chief transformation officer, which includes possible divestments and reducing costs. As president of the infrastructure sector, Jonathan Wilkinson will look, among other things, at the existing turnkey projects while Dale Clarke has been appointed acting executive vice-president of infrastructure services to grow North American "high performance" services, such as those involving engineering.
Rogers Communications Inc. (TSX:RCI.B). Up $2.10 or 3.2 per cent to $66.67. Rogers Communications Inc. plans to spend nearly $3 billion on capital investments this year but that could be reduced if the regulatory environment becomes less favourable, Rogers chief executive Joe Natale said Wednesday. The Toronto-based company issued 2020 guidance that includes an estimate of between $2.7 billion and $2.9 billion of capital expenditures this year, but that's assuming there's no negative changes to the regulatory environment. The warning comes as the Trudeau government and the industry's regulator work to chart a path through several contentious issues that will affect Rogers, Bell and many other Canadian telecommunications and media companies.
This report by The Canadian Press was first published Jan. 22, 2020.