TORONTO — Some of the most active companies traded Monday on the Toronto Stock Exchange:
Toronto Stock Exchange (17,032.86 , up 78.02 points.)
Aurora Cannabis Inc. (TSX:ACB). Health care. Down 25 cents, or 6.98 per cent, to $3.33 on 13.7 million shares.
Enbridge Inc. (TSX:ENB). Energy. Up 56 cents, or 1.13 per cent, to $50.27 on 11.6 million shares.
Husky Energy Inc. (TSX:HSE). Energy. Up 29 cents, or 3.02 per cent, to $9.89 on 11.1 million shares.
Manulife Financial Corp. (TSX:MFC). Financials. Up 26 cents, or 1.01 per cent, to $26.06 on 10.1 million shares.
Detour Gold. Corp. (TSX:DGC). Materials. Up 40 cents, or 1.8 per cent, to $22.61 on 7.6 million shares.
Bombardier Inc. (TSX:BBD.B). Industrials. Up one cent, or 0.49 per cent, to $2.04 on 7.1 million shares.
Companies in the news:
Canadian National Railway Co. (TSX:CNR). Up 71 cents to $120.91. Nutrien Ltd. says it is temporarily shutting down its largest potash mine because of the strike at Canadian National Railway Co., resulting in some 550 short-term layoffs at the fertilizer giant. Nutrien chief executive Chuck Magro says workers received notices today alerting them that the mine in southeastern Saskatchewan will halt operations for two weeks starting Dec. 2. The vast majority of the Rocanville mine’s product is shipped by CN Rail, which is now operating at 10 per cent capacity. Magro says the “hardship” and “uncertainty” farmers and mine workers face due to the strike in a year already plagued by poor weather and trade disputes is “extremely disappointing.”
Organigram Holdings Inc. (TSX:OGI). Down 11 cents or 3.1 per cent to 43.39. Cannabis company Organigram Holdings Inc. is gearing up for the production of vape pens, cannabis infused chocolates and powdered beverages even as it faces uncertain demand for recreational marijuana. The company said Monday it submitted new product notifications to Health Canada for a portfolio of vape pens and cannabis infused chocolates in October and expects to launch some vape pens next month and chocolates in the first three months of 2020. Sales of powdered products to be added to a consumer’s beverage of choice are expected in the second quarter of 2020.
BCE Inc. (TSX:BCE) Up 15 cents to $63.74. The Federal Court of Appeal says it will hear appeals by telecom companies over the wholesale rates for broadband imposed in August by Canada’s telecommunications regulator. Appeals were launched by BCE Inc., Rogers Communications Inc. and others after the CRTC concluded a lengthy review of rates by slashing how much large carriers can charge smaller rivals for access to their broadband networks. Justice Richard Boivin says in rulings filed late Friday that he is “satisfied that there is a serious issue” and that respondents to the appeals, which include smaller internet providers and advocacy groups, made no compelling arguments to the contrary.
Kirkland Lake Gold Ltd. (TSX:KL). Down $10.94 or 17.3 per cent to $52.38. Shares in Kirkland Lake Gold Ltd. fell on Monday after it announced an all-shares deal to buy Canadian rival Detour Gold Corp. for about $4.9 billion. In contrast, Detour shares jumped by as much as 9.8 per cent or $1.79 to $24 at the open on Toronto Stock Exchange before retreating to $23.03, about a 3.5 per cent gain over Friday’s close, by 11:30 a.m. ET. Detour Gold owns the Detour Lake open pit gold mine in northeastern Ontario. Kirkland Lake produced 723,701 ounces of gold in 2018 and has set a goal for 950,000 to one million ounces this year, anchored by its Macassa mine in northern Ontario and Fosterville mine in Australia.
This report by The Canadian Press was first published Nov. 25, 2019.
The Canadian Press