Most actively traded companies on the TSX
Some of the most active companies traded Wednesday on the Toronto Stock Exchange:
Toronto Stock Exchange (15,208.33, down 25.43 points).
Aurora Cannabis Inc. (TSX:ACB). Health care. Down two cents, or 0.24 per cent, to $8.26 on 9.5 million shares.
RNC Materials Corp. (TSX:RNX). Metals. Down four cents, or 6.45 per cent, to 58 cents on 7.9 million shares.
Cenovus Energy Inc. (TSX:CVE). Energy. Down 23 cents, or 2.22 per cent, to $10.12 on 7.8 million shares.
Aphria Inc. (TSX:APHA). Health care. Down 20 cents, or 2.12 per cent, to $9.23 on 7.1 million shares.
Encana Corp. (TSX:ECA). Energy. Down two cents, or 0.22 per cent, to $9.01 on 5.3 million shares.
Trevali Mining Corp. (TSX:TV). Up half a cent, or 1.56 per cent, to 32.5 cents on 5.1 million shares.
Canadian National Railway Co. (TSX:CNR) Up. 27 cents to $108.48; Canadian Pacific Railway Ltd. (TSX:CP). Up 27 cents to $261.91. The forestry and legume industries say the country’s two major railways prioritized other commodities over their shipments to the Port of Vancouver in the past couple months, costing companies millions amid surging demand for Canadian goods abroad. Industry groups say CN Rail and CP Rail imposed embargoes in the Vancouver area in November and December that hurt pulp and paper mills, sawmills and exporters of legumes such as dry beans and lentils.
Shopify Inc. (TSX:SHOP). Up 32 cents to $209.19. Shopify will launch a TV and film content development and production house. The Ottawa-based e-commerce company says the venture will be called Shopify Studios and will involve developing, producing and financing projects for both streaming platforms and traditional networks. The Shopify Studios team is headquartered in Toronto, but will also operate in New York and Los Angeles.
Aphria Inc. — Aphria urged its shareholders to take no action after Green Growth Brands Inc. officially launched its unsolicited offer for the company. The marijuana producer said an independent committee of directors will review the bid. Aphria said its shareholders should wait until its board of directors has made a formal recommendation. The official offer comes after GGB said late last year that it planned to make an all-stock offer of 1.5714 GGB shares for each Aphria share.
Restaurant Brands International Inc. (TSX:QSR). Up $7.34 or 9.6 per cent to $83.51. RBI raised its dividend as it announced changes in its executive suite. The parent company of Tim Hortons, Burger King and Popeyes Louisiana Kitchen says it will pay a quarterly dividend of 50 cents per share, up from 45 cents. RBI also said Jose Cil, who has been president of Burger King, has been promoted to chief executive of the parent company. RBI also announced fourth quarter comparable sales at Tim Hortons were up 1.9 per cent, while Burger King’s were up 1.7 per cent and comparable sales at Popeyes were up 0.1 per cent.