Most actively traded companies on the TSX

Most actively traded companies on the TSX
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TORONTO — Some of the most active companies traded Thursday on the Toronto Stock Exchange:

Toronto Stock Exchange (17,490.56, down 21.19 points.)

Detour Gold Corp. (TSX:DGC). Materials. Down $1.11, or 4.62 per cent, to $22.90 on 9.2 million shares.

Bombardier Inc. (TSX:BBD.B). Industrials. Down three cents, or 2.36 per cent, to $1.24 on 4.6 million shares.

First Quantum Minerals Ltd. (TSX:FM). Materials. Down 47 cents, or 4.09 per cent, to $11.01 on 4.3 million shares.

Canadian Natural Resources Ltd. (TSX:CNQ). Energy. Up nine cents, or 0.23 per cent, to $38.78 on 4.2 million shares.

Kirkland Lake Gold Ltd. (TSX:KL). Materials. Down $2.26, or 4.09 per cent, to $53.04 on 4.2 million shares.

Manulife Financial Corp. (TSX:MFC). Financials. Down one cent, or 0.04 per cent, to $26.48 on 4.1 million shares.


Companies in the news:

Manulife Financial Corp. — When Manulife Financial Corp.’s president and CEO of Canadian operations Michael Doughty thinks about his biggest competitors, a few names make the list that have nothing to do with insurance: Apple and Netflix. The customer experience offered by streaming platform Netflix Inc. and consumer electronics brand Apple Inc. is constantly on Doughty’s mind as Manulife tries to win over customers while grappling with relative newcomers to the insurance space, including Toronto-based customizable benefits brand League, which is picking up attention and raising big money.

Cenovus Energy Inc. (TSX:CVE). Up 13 cents to $11.94. Indigenous leaders say they hope other companies will follow the lead of Cenovus Energy Inc. after it pledged to give $10 million per year over the next five years to support housing in six northern Alberta communities near its oilsands operations. Shirley Paradis, a councillor for the Beaver Lake Cree Nation, says the money is needed because the community’s housing resources are stretched to the limit and government funding is inadequate to address the growing population. Cenovus CEO Alex Pourbaix says the $50 million is expected to be used to build about 200 new homes in the communities, employing local people who will gain experience and training in the process.

Cineplex Inc. (TSX:CGX). Down 12 cents to $33.84. Cineplex Inc. says two influential proxy advisory services have recommended shareholders support a takeover of the company by U.K.-based Cineworld Group PLC. The movie theatre chain says Institutional Shareholder Services Inc. and Glass, Lewis & Co. have both recommended shareholders back the friendly deal that will see Cineworld pay $34 per Cineplex share in cash. Cineplex shareholders are set to vote on the deal at a meeting in Toronto on Feb. 11. The board of directors of Cineplex has unanimously recommended that Cineplex shareholders vote in favour of the agreement.

Resolute Forest Products Inc. (TSX:RFP). Down 60 cents or 12 per cent to $4.40. Resolute Forest Products Inc. reported a loss of US$71 million in its latest quarter compared with a profit of US$36 million a year earlier as its sales fell. Resolute chief executive Yves Laflamme says the fourth-quarter results reflect bottom-of-the-cycle conditions in market pulp, ongoing pricing pressures in paper grades and the slow pricing recovery in lumber. The company, which keeps its books in U.S. dollars, says the loss amounted to 79 cents per diluted share for the quarter ended Dec. 31 compared with a profit of 38 cents per diluted share a year earlier. Sales totalled US$668 million, down from US$932 million.

This report by The Canadian Press was first published Jan. 30, 2020.


The Canadian Press

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