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 Friday on the Toronto Stock Exchange:

Toronto Stock Exchange (17,318.49, down 172.07 points.)

Baytex Energy Corp. (TSX:BTE). Energy. Down eight cents, or 5.26 per cent, to $1.44 on 34.55 million shares.

Kirkland Lake Gold Ltd. (TSX:KL). Materials. Up $1.23, or 2.32 per cent, to $54.27 on 9.5 million shares.

Bombardier Inc. (TSX:BBD.B). Industrials. Down one cent, or 0.81 per cent, to $1.23 on 8.8 million shares.

Detour Gold Corp. (TSX:DGC). Materials. Up 80 cents, or 3.49 per cent, to $23.70 on 7.4 million shares.

Crescent Point Energy Corp. (TSX:CPG). Energy. Down 12 cents, or 2.68 per cent, to $4.36 on 7.2 million shares.

Denison Mines Corp. (TSX:DML). Materials. Up half a cent, or 1.1 per cent, to 46 cents on 6.3 million shares.

 

Companies in the news:

Restaurant Brands International Inc. (TSX:QSR). Down $1.14 or 1.4 per cent to $80.74. Tim Hortons franchisees gathered in Calgary earlier this week and erupted into applause after corporate executives promised to help reframe the public’s understanding that the chain is a Canadian company. Executives travelling the country to discuss its strategy for the new year have promised franchisees a directional shift that will see the chain reclaim its Canadian, coffee and doughnut roots, following years of sluggish sales, a frenzy of new products and multiple lawsuits between franchisees and their parent company.

Imperial Oil Ltd. (TSX:IMO). Down 76 cents, or 2.4 per cent to $31.38. Imperial Oil Ltd. has ramped up crude-by-rail shipments to more than 100,000 barrels per day from zero in October and plans to continue to add railcars as profitability of the transportation option strengthens. Earlier this week, rival oilsands producer Cenovus Energy Inc. said it had met its year-end goal of taking its crude-by-rail shipments to 100,000 barrels per day, crediting a decision in Alberta to exempt rail-exported crude from production quotas. Higher local discounts for western Canadian oil make moving it to the U.S. Gulf Coast to win higher prices more profitable, encouraging companies to use rail in spite of its higher cost compared with pipelines.

Hudson’s Bay Co. (TSX:HBC). Down one cent to $10.93. The board of directors of Hudson’s Bay Co. has unanimously recommended shareholders support a sweetened offer to take the retailer private. The recommendation is included in the company’s amended and restated management information circular. The board support follows the endorsement of the buyout plan by a special committee of the board earlier this year. HBC announced Jan. 3 that a shareholder group headed by executive chairman Richard Baker raised its going-private offer to $11 per share, winning the backing of rival shareholder Catalyst Capital Group, which had opposed an earlier offer of $10.30 per share.

Cott Corp. (TSX:BCB). Up 86 cents or 4.4 per cent to $20.25. Cott Corp. has signed a deal to sell its S&D Coffee and Tea business to Westrock Coffee Co. LLC for US$405 million. The sale is part of Cott’s plan to focus on its water business. Cott announced an agreement earlier this year to acquire Primo Water Corp. The company plans to rebrand Cott under the Primo Water name to reflect its new focus. Westrock Coffee is an integrated coffee company that provides sourcing, financing, supply chain management, roasting, packaging and distribution services. The deal is expected to close in the first quarter of 2020 and is subject to certain customary closing conditions including regulatory approval.

This report by The Canadian Press was first published Jan. 31, 2020.

 

The Canadian Press

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