TORONTO — Some of the most active companies traded Wednesday on the Toronto Stock Exchange:
Toronto Stock Exchange (16,294.66, up 173.34 points)
Aphria Inc. (TSX:APHA). Healthcare. Down $1.50, or 18.7 per cent, to $6.52 on 9.98 million shares.
Avcorp Industries Inc. (TSX:AVP). Industrials. Down three cents, or 21.43 per cent, to $0.11 on 8.81 million shares.
Bombardier Inc. (TSX:BBD.B). Industrials. Up half a cent, or 1.15 per cent, to $0.44 on seven million shares.
Argonaut Gold Inc. (TSX:AR). Basic Materials. Up 17 cents, or 6.18 per cent, to $2.92 on 6.61 million shares.
IPL Plastics Inc. (TSX:IPLP). Consumer Cyclical. Up $3.27, or 48.81 per cent, to $9.97 on 6.5 million shares.
Kinross Gold Corp. (TSX:K). Basic Materials. Up three cents, or 0.26 per cent, to $11.76 on 6.43 million shares.
Companies in the news:
Shopify Inc. (TSX:SHOP). Up $92.98, or nearly 7.05 per cent, to $1,401.23. Shopify Inc. is reporting US$36 million in profits in the second quarter on a nearly doubling of revenues as it reaped the benefits of COVID-19 lockdowns. The Ottawa-based tech company says it earned 29 cents per diluted share for the three months ended June 30, compared with a loss of 26 cents per share or US$28.7 million in the prior year. Reporting in U.S. dollars, adjusted earnings reached $129.4 million or $1.05 per share, up from $10.7 million or 10 cents per share in the second quarter of 2019. Revenues surged 97 per cent to $714.3 million from $362 million a year earlier.
Enbridge Inc. (TSX:ENB). Up $1.30, or about 3.08 per cent, to $43.52. Enbridge Inc. is reporting that its net income slipped to $1.65 billion in the second quarter on a 40 per cent drop in revenues due to lower crude oil prices caused by the COVID-19 pandemic and OPEC price war. The Calgary-based energy company says it earned 82 cents per share for the three months ended June 30, down from 86 cents per share or $1.74 billion a year earlier. Adjusted profit came in at $1.13 billion or 56 cents per share, compared with $1.35 billion or 67 cents per share in the second quarter of 2019.
RioCan Real Estate Investment Trust. (TSX:REI.UN). Up 38 cents, or about 2.54 per cent, to $15.36. RioCan Real Estate Investment Trust swung to a large loss in its latest quarter amid rent deferrals resulting from COVID-19 lockdowns. RioCan REIT says it collected about 73 per cent of rent due in April, May and June, calling the period "the most challenging quarter ever" for many tenants. The company posted a net loss of $350.8 million or $1.10 per diluted unit for the three-month period that June 30, down from a net income of $253 million or 83 cents per unit a year earlier.
CGI Inc. (TSX:GIB.A). Up $6.06, or 6.94 per cent, to $93.34. CGI Inc. is reporting a softer fiscal third quarter with earnings dropping 16 per cent on lower revenues. The Montreal-based business and technology consulting firm says it earned $260.9 million or $1 per share for the three months ended June 30. That compared with $309.4 million or $1.12 per share a year earlier.
Cameco Corp. (TSX:CCO). Down $2.01, or about 12.54 per cent, to $14.02. Cameco Corp. missed earnings expectations as it lost $53 million in the second quarter despite a 35 per cent growth in revenues. The Saskatoon-based uranium miner says it lost 13 cents per share for the period ended June 30, compared with a loss of six cents per share or $23 million a year earlier. Chief executive Tim Gitzel says the proactive shutdown of operations because of the COVID-19 pandemic resulted in an additional $37 million in costs and increased reliance on the spot market for uranium supply.
Aphria Inc. (TSX:APHA). Down $1.50, or 18.70 per cent, to $6.52. Aphria Inc. reports it had a $98.8 million net loss for its fourth quarter, despite higher revenue from cannabis products. The Ontario-based company says its loss included a $64-million non-cash asset impairment expense largely related to the COVID-19 at some of its international businesses. The loss also included non-operating losses related to investments that declined with the trading prices of securities.
This report by The Canadian Press was first published July 29, 2020.