TORONTO — Some of the most active companies traded Wednesday on the Toronto Stock Exchange:
Toronto Stock Exchange (18,628.29, down 41.51 points.)
TC Energy Corp. (TSX:TRP). Energy. Up $1.56, or 2.73 per cent, to $58.72 on 12.9 million shares.
Canadian Natural Resources Ltd. (TSX:CNQ). Energy. Up $1.49, or 4.1 per cent, to $37.84 on 10.3 million shares.
The Toronto-Dominion Bank. (TSX:TD). Financials. Down 15 cents, or 0.18 per cent, to $81.57 on 8.7 million shares.
The Supreme Cannabis Co. Inc. (TSX:FIRE). Health care. Up two cents, or 7.55 per cent, to 28.5 cents on 8.3 million shares.
Suncor Energy Inc. (TSX:SU). Energy. Up 91 cents, or 3.55 per cent, to $26.56 on 8.1 million shares.
Bombardier Inc. (TSX:BBD.B). Industrials. Unchanged at 78 cents on 7.4 million shares.
Companies in the news:
Empire Company Ltd. (TSX:EMP.A). Down 15 cents to $38.62. Donald Sobey, former president and chairman of Empire Company Ltd. and the son of the Sobeys grocery store founder, has died. He was 86 years old. Michael Medline, president and CEO of Empire and its wholly owned subsidiary Sobeys Inc., says the companies are indebted to him for his leadership, business acumen and passion. Medline says Sobey was a great businessperson as well as a visionary philanthropist who believed in nurturing Canadian artists and supporting the next generation of leaders. Sasha Suda, director and CEO of the National Gallery of Canada, says Sobey deeply believed in artists and championing their work. Sobey is survived by his wife, Beth, his three children and five grandchildren.
Canada Goose Holdings Inc. (TSX:GOOS). Down $1.62, or 3.1 per cent, to $50.84. The head of Canada Goose Holdings Inc. is addressing head-on allegations of labour unrest at some of the company’s Canadian factories while the luxury parka maker moves into new markets, expands its product offerings and doubles down on quality. Canada Goose president and CEO Dani Reiss discussed the company’s rebounding financials in the midst of a pandemic, thanks in part to soaring online sales. It’s a strategy that paid off, with Canada Goose reporting its largest revenue for a quarter — ever — last month. Its three Toronto facilities are unionized while its three Winnipeg locations and two Montreal locations are not. Some labour organizers say there's been intimidation of pro-union workers in Canada Goose's non-unionized factories.
Shaw Communications Inc. (TSX:SJR.B). Down 29 cents to $33.56. Rogers, Bell and Telus will never face real competition unless Canada makes big changes to the telecommunications industry, Wind Mobile founder Anthony Lacavera says. Lacavera built Wind into Canada's fourth-largest wireless business from its creation in 2008 until it was sold in 2016 to Shaw Communications, which renamed it Freedom Mobile. Rogers announced on March 15 that it will buy Shaw in a $26-billion deal that would combine Canada's two largest cable operations and is expected to face regulatory scrutiny over competition concerns in the wireless industry. Lacavera said he believes Wind Mobile could succeed as an independent carrier if regulators force Rogers to divest it — but that would require a number of policies and enforcement actions that limit the power of the Big Three wireless companies.
This report by The Canadian Press was first published March 24, 2021.
The Canadian Press