TORONTO — Some of the most active companies traded Friday on the Toronto Stock Exchange:
Toronto Stock Exchange (14,638.90 , up 129.24 points.)
Aurora Cannabis Inc. (TSX:ACB). Health care. Up $6.15, or 66.85 per cent, to $15.35 on 18 million shares.
Kinross Gold Corp. (TSX:K). Materials. Up 37 cents, or 3.66 per cent, to $10.49 on 7.8 million shares.
B2Gold Corp. (TSX:BTO). Materials. Up 26 cents, or 3.53 per cent, to $7.62 on 7.3 million shares.
Aphria Inc. (TSX:APHA). Health care. Up 49 cents, or 11.64 per cent, to $4.70 on 7.1 million shares.
Canadian Natural Resources Ltd. (TSX:CNQ). Energy. Up 85 cents, or 3.67 per cent, to $23.99 on 6.8 million shares.
Cenovus Energy Inc. (TSX:CVE). Energy. Up 27 cents, or 5.47 per cent, to $5.21 on 6.3 million shares.
Companies in the news:
Aurora Cannabis Inc. — Canadians have slowed their buying frenzy when purchasing pot amid the pandemic, said cannabis company executives. Aurora Cannabis Inc. noticed the COVID-19 boom in cannabis sales dissipating, said Michael Singer, interim chief executive. After the industry was deemed an essential service in several provinces, he said, things went back down to pre-pandemic levels in April. In Aurora's third quarter, which ended on March 31 and encompassed the first weeks many Canadians spent working from home as well as physical distancing, the Edmonton-based company sold 12,729 kilograms of cannabis, amounting to 39 per cent more than the quarter before.
Chorus Aviation Inc. (TSX:CHR). Down 18 cents, or seven per cent, to $2.39. Chorus Aviation Inc. says it's focused on cost cutting as it reports a first-quarter loss as the COVID-19 outbreak significantly disrupts the airline industry. The regional aviation company says it had a net loss of $17.3 million for the quarter ending March 31 compared with earnings of $33.45 million last year as net income decreased $50.7 million due to a change in net unrealized foreign exchange losses. Chorus says adjusted net income was $25 million, up from $19 million last year, as it started off the year in a good financial shape before the pandemic hit.
Onex Corp. (TSX:ONEX). Up 71 cents, or 1.2 per cent, to $60.90. Onex Corp. says it swung to a significant loss in the first quarter as a result of market volatility and economic disruption from the COVID-19 outbreak. The investment management firm says it had a net loss of US$1.1 billion for the quarter ending March 31, compared with net earnings of $195 million last year. The Toronto-based firm says $985 million of the losses were from its investing segment as the pandemic pushed down markets in March and created a broad net decline in the fair value of its underlying portfolio investments. Onex says the decrease in fair value of its investments ranged from declines of between one and 77 per cent.
Air Canada (TSX:AC). Down 60 cents, or 3.9 per cent, to $14.62. The union representing Air Canada flight attendants says the airline is set to ask employees to work less — or not at all — as concerns over job security buffet the airline industry. An internal bulletin to members from the Canadian Union of Public Employees says Air Canada will ask workers to slash their schedules, go on leave for up to two years or resign with travel privileges. The bulletin, sent out Thursday night, says CUPE is in discussions with Air Canada over continuing the federal wage subsidy, which the airline has not committed to maintain past June 6.
This report by The Canadian Press was first published May 15, 2020.
The Canadian Press
