TORONTO — Some of the most active companies traded Tuesday on the Toronto Stock Exchange:
Toronto Stock Exchange (18,669.80, down 145.33 points.)
Bombardier Inc. (TSX:BBD.B). Industrials. Down five cents, or 6.02 per cent, to 78 cents on 23.5 million shares.
Suncor Energy Inc. (TSX:SU). Energy. Down $1.38, or 5.1 per cent, to $25.65 on 14.8 million shares.
Canadian Natural Resources (TSX:CNQ). Energy. Down 74 cents, or two per cent, to $36.35 on 14.6 million shares.
The Toronto-Dominion Bank. (TSX:TD). Financials. Down 42 cents, or 0.51 per cent, to $81.72 on 10.7 million shares.
TC Energy Corp. (TSX:TRP). Energy. Up eight cents, or 0.14 per cent, to $57.16 on 6.5 million shares.
Manulife Financial Corp. (TSX:MFC). Financials. Down 39 cents, or 1.45 per cent, to $26.56 on six million shares.
Companies in the news:
Canadian Pacific Railway Ltd. (TSX:CP). Down $2.79 to $445.81. A partner in a project designed to allow more oilsands bitumen to be shipped by rail from Canada to Texas says the US$25-billion merger of Canadian Pacific Railway Ltd. and U.S. rival Kansas City Southern announced Sunday promises to provide new benefits. The two railroads have been "instrumental" in moving forward Western Canada's first diluent recovery unit, now under construction at the Hardisty oil storage and handling hub in east central Alberta, said Jim Albertson, senior vice-president of the Canadian business unit for Houston-based USD Group. Diluent is light oil which is mixed with sticky, heavy bitumen from the oilsands to allow it to flow in a pipeline. It makes up as much as a third of the volume of blended bitumen so reducing diluent increases overall bitumen export capacity.
Air Canada (TSX:AC). Down 93 cents, or 3.5 per cent, to $25.79. Air Canada says it will restore some service along routes to Jamaica, Mexico and Barbados beginning in early May after Canadian airlines suspended all flights to sun destinations in January at the request of the federal government. Air Canada will operate three flights per week from Toronto to Mexico City starting May 3, and one flight per week from Toronto to Kingston, Jamaica, and Bridgetown, Barbados, beginning May 5 and May 9, respectively. The suspension on flights to sun destinations was intended to last until April 30. The airline plans to restore some routes, including Vancouver-Tokyo as of May 1, Toronto-Hong Kong as of May 6 and Toronto-Bogota as of May 7.
George Weston Ltd. (TSX:WN). Up $5.49, or 5.4 per cent, to $107.96. George Weston Ltd. is putting its Weston Foods bakery business up for sale and doubling down on its core retail and real estate operations, the company said Tuesday. The move comes after efforts to scale up the bakery business through acquisitions came up short. The sale of the bakery business will leave George Weston with its majority stake in grocery giant Loblaw Companies Ltd. and a large interest in Choice Properties Real Estate Investment Trust. The bakery business is only a small part of George Weston, representing less than 10 per cent of company's net asset value, said Richard Dufresne, president and chief financial officer of George Weston. Before deciding to sell, he said the company's efforts to scale up the bakery through acquisitions were "exhaustive."
This report by The Canadian Press was first published March 23, 2021.
The Canadian Press