TORONTO — Some of the most active companies traded Tuesday on the Toronto Stock Exchange:
Toronto Stock Exchange (17,512.73, up 132.97 points.)
Bombardier Inc. (TSX:BBD.B). Industrials. Up 23 cents, or 17.69 per cent, to $1.53 on 35.2 million shares.
Aurora Cannabis Inc. (TSX:ACB). Health care. Up 17 cents, or 6.39 per cent, to $2.83 on 8 million shares.
Enbridge Inc. (TSX:ENB). Energy. Up 19 cents, or 0.35 per cent, to $54.78 on 6 million shares.
Crescent Point Energy Corp. (TSX:CPG). Energy. Down six cents, or 1.42 per cent, to $4.16 on 5 million shares.
First Quantum Minerals Ltd. (TSX:FM). Materials. Up $1.13, or 10.66 per cent, to $11.73 on 4.9 million shares.
Canadian Natural Resources Ltd. (TSX:CNQ). Energy. Up 58 cents, or 1.55 per cent, to $37.98 on 4.8 million shares.
Companies in the news:
Toronto-Bank (TSX:TD). Up $1.28 or 1.8 per cent to $74.39. TD Bank lowered its posted five-year fixed mortgage rate on Tuesday to narrow the gap between the benchmark and the special rates it offers customers. Banks maintain an official posted rate, but also offer lower rates either directly or through brokers and other channels that better reflect market conditions. TD cut its five-year posted rate for fixed-rate mortgages from 5.34 per cent to 4.99 per cent, while the bank’s customer, or “special” rate stands at 3.09 per cent, or 3.11 per cent with annual carrying fees included.
Canfor Corp. (TSX:CFP). Up 52 cents or 4.3 per cent to $12.58. Shares in Canadian lumber companies are on the rise on news that the U.S. government intends to cut its duties on softwood lumber imports in August. In early trading in Toronto on Tuesday, Canfor Corp. stock rose as much as 7.5 per cent, West Fraser Timber Co. Ltd. jumped by 6.2 per cent and Resolute Forest Products Inc. was up three per cent. On Monday, CIBC analyst Hamir Patel quoted “trade contacts” in a report that suggested average U.S. duties would drop from about US$67 per thousand board feet to about US$30 based on current pricing levels of about US$400. He says West Fraser’s rate may fall from 23.6 to 9.1 per cent, Canfor’s from 20.5 to 4.6 per cent and Resolute’s from 17.9 to 15.8 per cent.
This report by The Canadian Press was first published Feb. 4, 2020.
The Canadian Press