Some of the most active companies traded Tuesday on the Toronto Stock Exchange:
Toronto Stock Exchange (15,915.68, down 53.35 points)
Aphria Inc. (TSX:APH). Health care. Up $1.91, or 16.44 per cent, to $13.53 on 12.02 million shares. The marijuana producer announced after markets closed on Monday that it has entered a five-year agreement to supply pharmacy chain Shoppers Drug Mart with medical cannabis. The deal is subject to Health Canada approving the application of Shoppers’ parent company, Loblaw Companies Ltd. (TSX:L) (Up 78 cents, or 7.11 per cent, to $17.51 on 6.1 million shares), to dispense medical marijuana. Loblaw applied for a licence in October 2016, but neither company can say if or when that application will be approved.
Aurora Cannabis Inc. (TSX:ACB). Health care. Down three cents, or 0.40 per cent, to $7.39 on 10.3 million shares.
Lundin Mining Corp. (TSX:LUN). Miner. Down 13 cents, or 1.84 per cent, to $6.93 on 7.02 million shares.
Bombardier Inc. (TSX:BBD.B). Aerospace, rail equipment. Up three cents, or 0.96 per cent, to $3.17 on 6.8 million shares.
Canopy Growth Corp. (TSX:WEED). Health care. Up 51 cents, or 2.79 per cent, to $18.76 on 4.62 million shares. Canada’s largest licensed marijuana producer plans to establish a 40,000-square-metre cannabis production facility in Odense, Denmark to cater to the Scandinavian country’s medical marijuana patients. The new facility comes under a joint venture announced in September between Canopy and European hemp producer Danish Cannabis ApS, called Spectrum Denmark.
Toronto-Dominion Bank (TSX:TD). Bank. Down 97 cents, or 1.32 per cent, to $72.43 on 4.59 million shares.
Companies reporting major news:
Bank of Montreal (TSX:BMO). Bank. Down 45 cents, or 0.45 per cent, to $99.14 on 1.7 million shares. BMO raised its 2018 quarterly dividend by three cents to 93 cents as it reported its fourth-quarter profit slipped to $1.23 billion ($1.81 per share) from $1.35 billion ($2.02 per share) a year ago, hurt by reinsurance claims related to hurricanes Irma, Maria and Harvey.
Bank of Nova Scotia (TSX:BNS). Bank. Down 48 cents, or 0.59 per cent, to $81.14 on 1.7 million shares. Scotiabank says its offer to buy a sizable stake in a Chilean bank for $2.9 billion has been accepted. Scotiabank said Tuesday that Banco Bilbao Vizcaya Argentaria, S.A. (BBVA) agreed Tuesday to sell its 68.19 per cent stake in BBVA Chile and its interests in certain subsidiaries.
Roots Corp. (TSX:ROOT). Retailer. Up 24 cents, or 2.33 per cent, to $10.55 on 360,017 shares. The heritage-fashion retailer released its first quarterly report since completing its initial public offering. Third-quarter earnings amounted to $5 million (12 cents per share) compared with a profit of $5.9 million (14 cents per share) in the same period last year. Sales totalled $89.7 million, up from $79.4 million.
Valeant Pharmaceuticals International Inc. (TSX:VRX). Pharmaceutical. Up 33 cents, or 1.49 per cent, to $22.53 on 2.03 million shares. A class-action lawsuit brought on behalf of investors against Valeant Pharmaceuticals Inc. will go to trial. The Quebec Court of Appeal dismissed applications for leave to appeal from the defendants, who asked the court to review a Quebec Superior Court judge’s authorization of the suit.
Note to readers: CORRECTS TSX close after late change, 15,915.68, down 53.35 points