TORONTO — Some of the most active companies traded Thursday on the Toronto Stock Exchange:
Toronto Stock Exchange (17,657.20, up 232.77 points.)
BlackBerry Ltd. (TSX:BB). Technology. Down $12.69, or 40.3 per cent, to $18.80 on 23.6 million shares.
Gran Tierra Energy Inc. (TSX:GTE). Energy. Up 20 cents, or 32.36 per cent, to 82 cents on 16.1 million shares.
Royal Bank of Canada. (TSX:RY). Financials. Up $1.09, or 1.05 per cent, to $105.17 on 9.6 million shares.
Northern Dynasty Minerals Ltd. (TSX:NDM). Materials. Up seven cents, or 9.86 per cent, to 78 cents on 8.6 million shares.
Enbridge Inc. (TSX:ENB). Energy. Up 30 cents, or 0.69 per cent, to $43.59 on 7.1 million shares.
Alimentation Couche-Tard Inc. (TSX:ATD.B). Consumer staples. Up 26 cents, or 0.67 per cent, to $39.08 on 6.4 million shares.
Companies in the news:
Rogers Communications Inc. (TSX:RCI.B). Down $3.10, or five per cent, to $58.85. Rogers Communications Inc. isn't providing financial guidance for 2021 amid ongoing uncertainty about COVID-19, which had a big impact last year, including its fourth-quarter results released Thursday. Rogers reported it earned $449 million or 89 cents per diluted share for the quarter ended Dec. 31, down from $468 million or 92 cents per diluted share a year earlier. Revenue for the quarter totalled $3.68 billion, down from $3.95 billion in the fourth quarter of 2019, as wireless service revenue decreased eight per cent due to global travel restrictions and lower overage revenue as customers continued to adopt unlimited data plans.
Cenovus Energy Inc. (TSX:CVE). Up 20 cents, or 2.7 per cent, to $7.56. Most of the hundreds of layoffs expected in the wake of Cenovus Energy Inc.'s takeover of rival Husky Energy Inc. have already been completed barely four weeks after the deal's close, but more cuts are coming this year and next, CEO Alex Pourbaix said Thursday. Cenovus said in October it would cut 20 to 25 per cent of the combined employee and contractor workforce of about 8,600 people, equating to between 1,720 and 2,150 workers, a number Pourbaix said Thursday is still valid without being more specific. The company unveiled a capital spending budget of between $2.3 billion and $2.7 billion for 2021, including $2.1 billion in sustaining capital. It declared its top priority will be debt reduction.
This report by The Canadian Press was first published Jan. 28, 2021.
The Canadian Press
