TORONTO — Some of the most active companies traded Thursday on the Toronto Stock Exchange:
Toronto Stock Exchange (16,185.32, down 198.28 points.)
Suncor Energy Inc. (TSX:SU). Energy. Down 37 cents, or two per cent, to $18.13 on 11.2 million shares.
Canadian Natural Resources Ltd. (TSX:CNQ). Down 41 cents, or 1.69 per cent, to $23.84 on 9.5 million shares.
Enbridge Inc. (TSX:ENB). Energy. Down 78 cents, or 1.87 per cent, to $40.98 on 6.1 million shares.
Manulife Financial Corp. (TSX:MFC). Financials. Down 55 cents, or 2.83 per cent, to $18.89 on 5.9 million shares.
Cenovus Energy Inc. (TSX:CVE). Energy. Down 22 cents, or 3.94 per cent, to $5.37 on 5.4 million shares.
Crescent Point Energy Corp. (TSX:CPG). Energy. Down seven cents, or 3.61 per cent, to $1.87 on 5.2 million shares.
Companies in the news:
BCE Inc. (TSX:BCE). Down 47 cents to $56.52. The Federal Court of Appeal dismissed appeals by some of Canada's largest telephone and cable companies Thursday, handing an interim victory to the country's independent internet providers. The court also ordered the network owners including Bell, Rogers and others to pay costs of the appeal to TekSavvy Solutions Inc., which is the largest of Canada's independent ISPs, and an industry association. The court's 3-0 ruling concluded by saying the award of costs to TekSavvy and CNOC reflects the fact that the appellants were not successful in convincing the three judges on any of the issues they raised.
Transat AT Inc. (TSX:TRZ). Down nine cents or 1.8 per cent to $4.96. Transat AT Inc. expects to permanently lay off at least 2,000 Canadian employees after revenues fell 99 per cent last quarter, when the travel company operated flights for just one week. The layoffs would reduce Transat's workforce by about 40 per cent and likely come after the end of the federal wage subsidy — scheduled to expire Dec. 19 — “if the situation does not improve rapidly,” CEO Jean-Marc Eustache said on a conference call. Nearly two-thirds of Transat's 5,100 workers in Canada already have been temporarily laid off, he said. The announcement Thursday came alongside dire financial results, as the company saw net
Roots Corp. (TSX:ROOT). Down one cent to $1.45. Roots Corp. reported a $1.8-million loss in its latest quarter as its sales fell 38 per cent compared with a year ago due to the COVID-19 pandemic. Sales in what was the company's second quarter totalled $38.2 million, down from $61.7 million a year ago. The clothing retailer says the drop in sales was due to temporary store closures, a phased reopening with reduced operating hours and strict physical distancing measures, partially offset by a gain in e-commerce sales that nearly doubled compared with a year ago.
Empire Co. Ltd. (TSX:EMP.A). Up $1.45 or 4.3 per cent to $35.50. Empire Co. Ltd., which owns the Sobeys and Safeway grocery chains, reported its first-quarter profit rose nearly 50 per cent compared with a year ago as its sales climbed nine per cent. The grocer says it earned $191.9 million or 71 cents per diluted share for the quarter ended Aug. 1, up from a profit of $130.6 million or 48 cents per diluted share a year earlier. Empire says the results for its most recent quarter included a gain of eight cents per share from a significant real estate transaction as well as a lump-sum payment of four cents per share related to a collective bargaining agreement ratified in Alberta. Sales in the 13-week period totalled $7.35 billion, up from $6.74 billion a year ago.
This report by The Canadian Press was first published Sept. 10, 2020.
The Canadian Press
