Toronto Stock Exchange (16,377.12, down49.18 points).
The Green Organic Dutchman Holdings. (TSX:TGOD). Health care. Down 20 cents, or 14.39 per cent, to $1.19 on 6.9 million shares traded.
Aurora Cannabis Inc. (TSX:ACB). Health care. Down 30 cents, or 5.87 per cent, to $4.81 on 6.7 million shares.
Gildan Activewear Inc. (TSX:GIL). Consumer discretionary. Down $11.96, or 25.73 per cent, to $34.53 on 6.4 million shares.
Encana Corp. (TSX:ECA). Energy. Down 20 cents, or 3.6 per cent, to $5.35 on 5.2 million shares.
Enbridge Inc. (TSX:ENB). Energy. Up 39 cents, or 0.83 per cent, to $47.36 on 4.8 million shares.
First Quantum Minerals Ltd. (TSX:FM). Materials. Down two cents, or 0.18 per cent, to $11.08 on 4.6 million shares.
Companies in the news:
Corus Entertainment Inc. (TSX:CJR.B). Down 59 cents, or 10.1 per cent to $5.24. Corus Entertainment Inc. shares dropped Friday after the TV, radio and studio company announced a lower profit for the fourth quarter and a disappointing preview of the pre-Christmas TV advertising season. Analyst Drew McReynolds wrote that RBC Dominion Securities had lowered its target price for Corus shares by $1, to $7 per share, amid a “moderating” assumption for growth. He added that some of the revenue declines from the company’s regulated television business are expected to be mitigated by multiple initiatives in newer unregulated businesses, including double-digit revenue growth from merchandising and distribution as well as potential revenue growth from radio.
Gildan Activewear Inc. — Gildan Activewear Inc. shares plunged after the company cut its 2019 guidance and warned third-quarter earnings would shrink. The shares dropped after the company highlighted weaker demand for imprintable apparel in North America and internationally. The clothing maker said Thursday it expects to report on Oct. 31 that its third-quarter earnings fell about seven per cent to 51 cents US per share and about 53 cents US per share on an adjusted basis for the period ended Sept. 29. The Montreal-based company had said on Aug. 1 that its adjusted earnings per share would be flat on about five per cent sales growth.
This report by The Canadian Press was first published Oct. 18, 2019.