TORONTO — Some of the most active companies traded Monday on the Toronto Stock Exchange:
Toronto Stock Exchange (17,740.57, up 85.08 points.)
Bombardier Inc. (TSX:BBD.B). Industrials. Up three cents, or 2.04 per cent, to $1.50 on 13.5 million shares.
Manulife Financial Corp. (TSX:MFC). Financials. Unchanged at $26.56 on 10.5 million shares.
Enbridge Inc. (TSX:ENB). Energy. Up 61 cents, or 1.09 per cent, to $56.74 on 8.4 million shares.
Baytex Energy Corp. (TSX:BTE). Energy. Down six cents, or 4.26 per cent, to $1.35 on 7.9 million shares.
Aurora Cannabis Inc. (TSX:ACB). Health care. Down 18 cents, or 7.96 per cent, to $2.08 on 7.8 million shares.
MEG Energy Corp. (TSX:MEG). Energy. Down 43 cents, or 6.22 per cent, to $6.48 on 7.6 million shares.
Companies in the news:
Restaurant Brands International Inc. (TSX:QSR). Up $2.67 or 3.1 per cent to $87.39. Sales and franchisee profits at Tim Hortons fell in its most recent quarter, prompting parent company Restaurant Brands International Inc. to launch a back-to-basics approach to regain momentum. Comparable sales at Tim Hortons fell 4.3 per cent for the quarter ended Dec. 31, including by 4.6 per cent in Canada. Investment in the company’s rewards program geared at attracting members dragged down comparable sales by three per cent in Canada, the company said, while softness in lunch food added another one per cent of negative performance. System-wide sales for the quarter fell 2.9 per cent at Tim Hortons, whose parent company keeps its books in U.S. dollars, at US$1.679 billion.
Western Forest Products (TSX:WEF). Up 13 cents or 11.4 per cent to $1.27. Western Forest Products says a tentative agreement has been reached with the United Steelworkers union to end a strike that began at the company’s Vancouver Island operations just over seven months ago. A statement released by the company says the deal still needs ratification, but the union’s bargaining committee has advised it will be recommending acceptance. About 3,000 employees and contractors at Western Forest Products facilities in several Vancouver Island communities have been off the job since July 1. Chief executive Don Demens says that the last seven months have been challenging, but he is pleased “we were able to find common ground through the efforts of all involved.”
SNC-Lavalin (TSX:SNC). Up 47 cents to $33.03. SNC-Lavalin has named Jeff Bell as its next chief financial officer as part of the company’s ongoing renewal process. Bell, a former group chief financial officer for British energy services firm Centrica, will join SNC as executive vice-president on Tuesday and take over as chief financial officer from current chief financial officer Sylvain Girard on April 14. The hiring of Bell follows the recent appointment of Charlene Ripley as executive vice-president and general counsel and Louis Veronneau as chief transformation officer. In December, SNC-Lavalin was fined $280 million after its construction division pleaded guilty to fraud for actions taken in Libya between 2001 and 2011.
This report by The Canadian Press was first published Feb. 10, 2020.
The Canadian Press