Movers and shakers
Some of the most active companies traded Tuesday on the Toronto Stock Exchange:
Toronto Stock Exchange (15,046.28, up 70.75 points).
Aurora Cannabis Inc. (TSX:ACB). Health care. Up 27 cents, or three per cent, to $9.27 on 40.6 million shares.
Canopy Growth Corp. (TSX:WEED). Health care. Down $1.66, or 2.94 per cent, to $54.79 on 8.6 million shares.
Aphria Inc. (TSX:APHA). Health care. Down 44 cents, or 4.72 per cent, to $8.89 on 7.4 million shares.
Crescent Point Energy Corp. (TSX:CPG). Energy. Down five cents, or 1.11 per cent, to $4.45 on 6.6 million shares.
NextSource Materials Inc. (TSX:NEXT) Mining. Up 1.5 cents, or 17.65 per cent, to 10 cents on 6.2 million shares.
Baytex Energy Corp. (TSX:BTE) Energy. Up nine cents, or 3.47 per cent, to $2.68 on 4.6 million shares.
Companies reporting major news: Magna International Inc. (TSX:MG) Manufacturing. Down 10 cents, or 0.15 per cent, to $66.67 on 864,000 shares. The company released a 2019 outlook that fell short of analyst expectations. The Ontario-based auto parts maker, which keeps its books in U.S. dollars, said it expects total sales of US$40.2 billion to $42.4 billion for 2019. It said sales would be weighed down by a stronger U.S. dollar and the sale of its fluid pressure and controls business.
U.S.-listed cannabis producer Tilray Inc. has teamed up with the U.S. company behind brands such as Juicy Couture, Aeropostale and Nine West to develop and sell cobranded consumer cannabis products globally, with items expected to hit U.S. and Canadian shelves within the next year. The Nanaimo, B.C.-based company announced Tuesday the long-term revenue sharing agreement with Authentic Brands Group, to whom Tilray will initially pay US$100 million in cash and stock, or up to $250 million depending on certain milestones.