TORONTO — Some of the most active companies traded Monday on the Toronto Stock Exchange:
Toronto Stock Exchange (17,379.76, up 61.27 points.)
Bombardier Inc. (TSX:BBD.B). Industrials. Up seven cents, or 5.69 per cent, to $1.30 on 9.2 million shares.
Aurora Cannabis Inc. (TSX:ACB). Health care. Up 16 cents, or 6.4 per cent, to $2.66 on 6.55 million shares.
Kirkland Lake Gold Ltd. (TSX:KL). Materials. Down 37 cents, or 0.68 per cent, to $53.90 on 6.1 million shares.
Crescent Point Energy Corp. (TSX:CPG). Energy. Down 14 cents, or 3.21 per cent, to $4.22 on 5.9 million shares.
Detour Gold Corp. (TSX:DGC). Materials. Down 60 cents, or 2.53 per cent, to $23.10 on 5.2 million shares.
Trevali Mining Corp. (TSX:TV). Materials. Down two cents, or 10.26 per cent, to 17.5 cents on 4.2 million shares.
Companies in the news:
Air Canada (TSX:AC). Up 45 cents to $44.78. A Toronto-bound Air Canada plane made an emergency landing at Madrid’s international airport on Monday after pilots reported an engine problem and tire rupture shortly after takeoff. The Boeing 767-300 carrying 128 passengers and eight crew touched down safely after circling southeast of Adolfo Suarez-Barajas airport for four hours “to use up fuel and lighten the aircraft for landing,” Air Canada said. The engine issue occurred shortly after takeoff in Madrid, the airline said in a statement. Ignacio Montesinos, a spokesman for Spanish airport operator AENA, said the pilot radioed the tower about 30 minutes after takeoff to request an emergency landing slot.
Teck Resources Ltd. (TSX:TECK.B). Up 12 cents to $17.22. The Vancouver-based mining company proposing to build the massive Frontier oilsands mine in northeastern Alberta has set a target to be “carbon neutral” by 2050. Teck Resources Ltd., which is awaiting a decision from the federal government on Frontier expected this month, says it will try to achieve its goal by first avoiding the production of emissions and then by minimizing or eliminating what it does produce. It says it will look at alternative ways of moving materials at its mines, using cleaner power sources and implementing efficiency measures, while producing more metals including copper for electric vehicles and renewable power generation.
BlackBerry (TSX:BB). Up 20 cents or 2.5 per cent to $8.26. BlackBerry Mobile says TCL Communication will no longer be making or selling BlackBerry-branded mobile devices. The company signed a brand licensing and technology support deal with TCL Communication in December 2016 as part of its plan to stop making smartphones and focus on software. Under the terms of that agreement, BlackBerry licensed its security software and service suite, as well as related brand assets to TCL Communication. However, BlackBerry tweeted today that TCL Communication will no longer sell BlackBerry-branded mobile devices as of Aug. 31. TCL Communication also has no further rights to design, manufacture or sell any new BlackBerry devices.
Torstar Corp. (TSX:TS.B). Up six cents or 15 per cent to 46 cents. Torstar Corp. has signed a deal to sell the land and building used by the Hamilton Spectator newspaper for $25.5 million. The sale follows a move by Torstar last spring to close its Hamilton printing and mailroom operations. Torstar said last year that if the property was sold it expected the Spectator will continue to operate a head office in a new location in the Hamilton area. The sale is subject to customary closing conditions and adjustments and is expected to be completed in the first quarter of this year. Torstar publishes the Toronto Star as well as six regional daily newspapers in Ontario, including the Spectator, and more than 80 weekly community newspapers in Ontario.
Aecon Group Inc. (TSX:ARE). Up 15 cents to $17.36. Aecon Group Inc. has signed a deal to acquire Voltage Power, an electrical transmission and substation contractor based in Winnipeg. Under deal, Aecon will pay $30 million in cash, with additional payments possible based on achieving minimum financial targets over the next three years. Aecon chief executive Jean-Louis Servranckx says Voltage Power is the third strategic, tuck-in acquisition Aecon has made over the past 18 months. The acquisition helps expand Aecon’s capabilities to perform medium to high-voltage transmission and distribution work. Aecon says Voltage Power has had average annual revenue of approximately $60 million over the past three years.
This report by The Canadian Press was first published Feb. 3, 2020.
The Canadian Press