Most actively traded companies on the TSX


Companies in the news:Bombardier Inc. (TSX:BBD.B). — Bombardier shares plunged after it lowered its 2019 profit forecast and announced hundreds of millions in spending to push through a bottleneck at its train-making unit following earnings that slipped below analysts’ expectations. The Montreal-based company plans to spend an additional US$250 million to US$300 million this year to ramp up train production, raising investment in manufacturing and software engineering at Bombardier Transportation. The train-and-plane maker reported a US$36-million net loss while revenues rose one per cent to US$4.31 billion.Shopify Inc. (TSX:SHOP). Up $32.17 or 7.7 per cent to $451.58. Shopify said Thursday it has had a better-than-expected response for its proposed technology-enabled logistics network as it pushes to offer merchants a more complete alternative to online retail giant Amazon. The Ottawa-based e-commerce logistics company beat earnings expectations in its second quarter, as revenue jumped 48 per cent from the comparable quarter in 2018 to US$361.9 million.Canadian Natural Resources Ltd. (TSX:CNQ). Down $1.18 or 3.5 per cent to $32.25. Cost-saving synergies from its $3.8-billion purchase of the Canadian heavy oil and oilsands operations of Devon Energy Corp. will likely exceed expectations, Canadian Natural Resources Ltd. said on Thursday. The Calgary-based company said initially it expected to realize $135 million in annual savings by merging the Oklahoma City-based company’s northern Alberta assets with its own, but president Tim McKay said more opportunities have been identified since the deal closed on June 27. By the end of September, the company will close down a heavy oil processing battery that’s no longer needed and put some of Devon’s northern Alberta heavy oil production into a Canadian Natural-owned pipeline to reduce trucking costs, he said.Maple Leaf Foods Inc. (TSX:MFI). Up $3.75 or 12.1 per cent to $34.70. Maple Leaf Foods’ second-quarter sales rose by 12.5 per cent to $1.02 billion, fuelled in part by growing demand for plant-based protein products. Chief executive Michael McCain says its meat protein business delivered excellent profit growth even with difficult market conditions, and it is well-positioned to capitalize on the growing demand for plant-based protein. Still, Maple Leaf lost $6.3 million during the three months ended June 30 due to $60.7 million of non-cash fair value changes on balance sheet items.SNC-Lavalin Group Inc. (TSX:SNC). Down $1.96 or 9.4 per cent to $18.92. SNC-Lavalin delivered more harsh news to investors Thursday, cutting its quarterly dividend by 80 per cent as the troubled engineering giant grappled with a $2.12-billion net loss in its second quarter. The dividend drop to two cents per share from 10 cents per share came after a third straight quarter of losses and amid a major strategic shift under the company’s new CEO, Ian Edwards. The latest quarter’s net loss included a non-cash charge totalling $1.8 billion to reflect the reduced value of its goodwill and other intangible assets. TORONTO — Some of the most active companies traded Thursday on the Toronto Stock Exchange:Toronto Stock Exchange (16,377.04, down 29.52 points).Bombardier Inc. (TSX:BBD.B). Industrials. Down 36 cents, or 15.86 per cent, to $1.91 on 37.8 million shares.Encana Corp. (TSX:ECA). Energy. Down 10 cents, or 1.66 per cent, to $5.93 on 13.7 million shares.Kinross Gold Corp. (TSX:K). Materials. Up 54 cents, or 10.11 per cent, to $5.88 on 10.4 million shares.Barrick Gold Corp. (TSX:ABX). Materials. Up 98 cents, or 4.57 per cent, to $22.43 on 7.3 million shares.Yamana Gold Inc. (TSX:YRI). Materials. Up 31 cents, or 7.95 per cent, to $4.21 on 7 million shares.Baytex Energy Corp. (TSX:BTE). Energy. Down seven cents, or 3.48 per cent, to $1.94 on 6.3 million shares. The Canadian Press

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