TORONTO — Some of the most active companies traded Monday on the Toronto Stock Exchange:
Toronto Stock Exchange (17,442.52, down 122.82 points.)
Bombardier Inc. (TSX:BBD.B). Industrials. Down two cents, or 1.64 per cent, to $1.20 on 11.4 million shares.
Baytex Energy Corp. (TSX:BTE). Energy. Down six cents, or 3.92 per cent, to $1.47 on 7.4 million shares.
Manulife Financial Corp. (TSX:MFC). Financials. Down 70 cents, or 2.58 per cent, to $26.44 on 5.1 million shares.
Cenovus Energy Inc. (TSX:CVE). Energy. Unchanged at $11.53 on 5 million shares.
Enbridge Inc. (TSX:ENB). Energy. Down 15 cents, or 0.28 per cent, to $53.81 on 4.9 million shares.
Crescent Point Energy Corp. (TSX:CPG). Energy. Down 27 cents, or 5.65 per cent, to $4.51 on 4.8 million shares.
Companies in the news:
Resolute Forest Products Inc. (TSX:RFP). Down three cents to $5.29. A financial analyst says the long-struggling Canadian newsprint industry has even tougher times ahead given recent events including a potential anti-dumping investigation in India. RBC Dominion Securities analyst Paul Quinn says the application by the Indian newsprint industry to that country’s trade authorities could affect imports from five countries including Canada and comes in the wake of a 10 per cent tariff on all newsprint imports imposed last summer. He says Canada is the second-largest newsprint supplier to India, with Montreal-based Resolute Forest Products a notable exporter to the country.
Stelco Holdings Inc. (TSX:STLC). Down 65 cents or 6.5 per cent to $9.39. Stelco Holdings Inc. says Alan Kestenbaum will return as the company’s chief executive. Kestenbaum will return to the job effective Feb. 21. He will replace David Cheney, who is stepping down and returning to Bedrock Industries. Kestenbaum previously served as Stelco’s chief executive from the closing of Stelco’s initial public offering in November 2017 until February 2019. He is currently acting as Stelco’s executive chairman. Stelco went into creditor protection in 2004 and was sold as a subsidiary to U.S. Steel Co. in 2007, then went back into creditor protection in 2014 before being sold to Bedrock Industries L.P. in late 2016.
This report by The Canadian Press was first published Jan. 27, 2020.
The Canadian Press
