TORONTO — Some of the most active companies traded Wednesday on the Toronto Stock Exchange:
Toronto Stock Exchange (16,045.94, down 304.90 points).
Manulife Financial Corp. (TSX:MFC). Financial. Down 41 cents, or 1.83 per cent, to $21.96 on 8.6 million shares.
B2Gold Corp. (TSX:BTO). Materials. Down three cents, or 0.63 per cent, to $4.77 on 7.5 million shares.
Barrick Gold Corp. (TSX:ABX). Materials. Up 24 cents, or one per cent, to $24.21 on 6.7 million shares.
Enbridge Inc. (TSX:ENB). Energy. Down $1.86, or 4.09 per cent, to $43.62 on 6.4 million shares.
Bombardier Inc. (TSX:BBD.B). Industrials. Down four cents, or 2.29 per cent, to $1.71 on 6.3 million shares.
Aurora Cannabis Inc. (TSX:ACB). Health care. Down 72 cents, or 8.16 per cent, to $8.10 on 5.9 million shares.
Companies in the news:
Metro Inc. (TSX:MRU). Up 29 cents to $53.75. Metro Inc. will fast-track the deployment of technology such as self-service checkouts and electronic shelf labels to its stores in an effort to lower labour costs, the grocer’s chief executive said Wednesday. The Montreal-based company expects to have self-service checkouts in 100 stores by the end of its 2019 financial year, which ends Sept. 29. It will equip another 100 stores in the following year. The company also reported Wednesday a third-quarter profit of $222.4 million, up from $167.5 million a year ago, as sales also climbed higher.
Aimia Inc. (TSX:AIM). Down five cents to $3.28. The head of Aimia Inc. says its legal battle against its largest shareholder has not hampered the loyalty company’s hunt for bolt-on acquisitions as it charts a new course after the sale of its Aeroplan business. Last month the company filed a statement of claim against Mittleman Brothers LLC, which owns 23.3 per cent of Aimia shares, accusing the dissident investor of violating a contracted truce, the latest move in a battle over control of the company’s board of directors. In its latest quarter Aimia earned $43.5 million, boosted by gains related to investments, up from $11.1 million a year earlier.
Canada Goose Holdings Inc. (TSX:GOOS). Down $3.81 or 6.7 per cent to $53.31. Shares of Canada Goose Holdings Inc. fell as it reported a wider loss and worsened margins in its first quarter compared to a year earlier. The luxury parka company reported a loss of $29.4 million for the quarter ended June 30, compared with a loss of $18.7 million a year ago. On an adjusted basis, Canada Goose says it lost 21 cents per share compared with an adjusted loss of 15 cents per share a year ago. The results beat analyst expectations for a loss of 24 cents per share, according to financial markets data firm Refinitiv.
Freshii Inc. (TSX:FRII). Down 19 cents or 6.6 per cent to $2.67. Freshii Inc. shares plunged Wednesday after the struggling eatery reported second-quarter results that missed analysts’ expectations, despite assurances from the CEO that the company’s three new hires would help it effectively execute future growth. The restaurant chain, which keeps its books in U.S. dollars, reported earning of $433,000 for the 13-weeks ended June 30 compared with a profit of $298,000. Revenue totalled $5.8 million, up from $5.6 million, as gains in franchise revenue more than offset lower company-owned store revenue.
CAE Inc. (TSX:CAE). Down $1.64 or 4.6 per cent to $34.17. CAE Inc. shares sank after it reported first-quarter profits that fell below last year’s earnings. The flight simulator and training company provided fewer simulators and less training in its civil segment than last year, though CAE’s $645-million purchase of Bombardier’s business aircraft training program in March more than made up the difference, boosting its civil profit margin before interest and tax to more than 21 per cent. The Montreal-based company raised its quarterly dividend to 11 cents per share, up from 10 cents. The increased payment came as CAE reported a profit attributable to shareholders of $61.5 million, down from $69.4 million in the same quarter last year.
The Canadian Press