Some of the most active companies traded Monday on the Toronto Stock Exchange:
Toronto Stock Exchange (16,065.86, down 23.47 points).
Aurora Cannabis Inc. (TSX:ACB). Health care. Up 27 cents, or 2.23 per cent, to $12.37 on 23.3 million shares.
Bombardier Inc. (TSX:BBD.B). Industrials. Unchanged at $2.72 on 7 million shares.
Barrick Gold Corp. (TSX:ABX). Materials. Up 77 cents, or 4.19 per cent, to $19.13 on 6.4 million shares.
Encana Corp. (TSX:ECA). Energy. Down 16 cents, or 1.7 per cent, to $9.27 on 6.1 million shares.
Bank of Nova Scotia (TSX:BNS). Financials. Down 60 cents, or 0.84 per cent, to $70.79 on 6.1 million shares.
Wallbridge Mining Co. Ltd. (TSX:WM). Materials. Up 3.5 cents, or 12.96 per cent, to 30.5 cents on 5.3 million shares.
Gluskin Sheff + Associates Inc. (TSX:GS). Up $3.28 or 29.4 per cent to $14.45. Shares of Gluskin Sheff + Associates soared nearly 30 per cent after the company signed a deal to be acquired by private equity firm Onex Corp. worth $445 million. Onex announced its friendly offer for Gluskin Sheff of $14.25 per share after the close of markets on Friday. Under the agreement, Gluskin Sheff will continue to be led by its existing leadership team and operate under its brand.
Precision Drilling Corp. (TSX:PD). Down four cents to $3.22. Analysts say Canadian oilfield services companies with operations in the U.S. are now earning more of their revenue south of the border than they have for at least six years. In a report, AltaCorp Capital says that trend is expected to continue as ongoing oil and gas spending weakness in Canada is balanced against steady activity in the United States. The analysts say that 12 of the largest Canadian energy services companies with U.S. operations earned 54 per cent of their revenue in the U.S. in 2018, the first time the percentage climbed above half since at least 2013, when it was just over 40 per cent.
Goldcorp Inc. (TSX:G). Up 39 cents or 2.7 per cent to $14.90. Newmont Mining Corp. is offering a special dividend to its shareholders if its friendly takeover of Goldcorp Inc. wins shareholder approval. The gold miner will make a one-time payment of 88 cents per share, conditional on the approval of the deal by both Newmont’s and Goldcorp’s shareholders. The proposed special dividend would be paid on May 1 to Newmont shareholders of record as of April 17, which is prior to closing of the proposed Newmont Goldcorp combination. Newmont shareholders vote on April 11, while Goldcorp shareholders vote April 4.
Emera Inc. (TSX:EMA). Up 58 cents to $50.56. Emera Inc. has signed a deal to sell its operations in Maine to Enmax Corp. in a deal valued at $1.8 billion, including debt. Emera Maine is headquartered in Bangor and serves 159,000 customers in the northern part of the state. Under the deal, Enmax will pay US$1.29 billion plus assume roughly $500 million in debt.
TransAlta Corp. (TSX:TA). Up 35 cents or 3.85 per cent to $9.43. TransAlta Corp. says Brookfield Renewable Partners and its institutional partners have signed a $750-million deal to invest in the company’s hydro assets. Brookfield will acquire exchangeable securities, which will be convertible into an equity ownership interest in TransAlta’s Alberta hydro assets. Brookfield will also purchase TransAlta common shares on the open market to increase its share ownership stake to nine per cent.
The Canadian Press