Some of the most active companies traded Friday on the Toronto Stock Exchange:
Toronto Stock Exchange (17,843.53, down 100.53 points.)
Bombardier Inc. (TSX:BBD.B). Industrials. Down 15 cents, or 10.71 per cent, to $1.25 on 22.64 million shares.
Manulife Financial Corp. (TSX:MFC). Financials. Down 80 cents, or 3.01 per cent, to $25.79 on 8.35 million shares.
Barrick Gold Corp. (TSX:ABX). Materials. Up 83 cents, or 3.01 per cent, to $28.37 on 7.81 million shares.
Cenovus Energy Inc. (TSX:CVE). Energy. Down 28 cents, or 2.29 per cent, to $11.95 on 7.71 million shares.
Kinross Gold Corp. (TSX:K). Basica Materials. Up 43 cents, or 5.8 per cent, to $7.85 on 7.25 million shares.
Teck Resources Ltd. (TSX:TECK.B). Down $2.64, or 15.45 per cent, to $14.45 on 6.9 million shares.
Companies in the news:
Teck Resources Ltd.—Down $2.64, or 15.45 per cent, to $14.45. Teck Resources Ltd. says it will take an impairment charge of about $1.13 billion if the federal government decides not to approve its Frontier oilsands mining project. A decision on the $20.6-billion, 260,000-barrel-per-day project, which is expected to produce about four million tonnes of greenhouse gas emissions per year over 40 years, is expected before the end of the month. Meanwhile, Canadian author Alice Munro and dozens of other Nobel Prize winners from various fields signed a letter published in The Guardian, urging Prime Minister Justin Trudeau to deny approval to the project.
Magna International Inc. (TSX:MG). Down $1.40, or 2.01 per cent, to $68.23. Magna International Inc. says its operations in China are still running under capacity because of the novel coronavirus outbreak, but that it’s too early to say what the long-term impacts might be. The Aurora, Ont.-based auto parts maker says that many of its 55 manufacturing plants and 13 development and sales offices are back up and running, though not at full capacity, while some are still closed.
Royal Bank of Canada. (TSX:RY). Up $1.21, or 1.20 per cent, to $109.21. Royal Bank of Canada raised its dividend as it reported a first-quarter profit of $3.5 billion. The bank says it will now pay a quarterly dividend of $1.08 per share, up from its previous payment to shareholders of $1.05 per share. RBC says its profit amounted to $2.40 per diluted share for the quarter ended Jan. 31 compared with a profit of nearly $3.2 billion or $2.15 per diluted share in the same quarter a year earlier.
Shopify Inc. (TSX:SHOP). Down $24.47, or 3.44 per cent, to $686.57. Shopify Inc. has joined a controversial, Facebook Inc.-led group working on a worldwide digital currency even after technology and financial services heavyweights fled the high-profile project. In a post on its website and in tweets from Shopify chief executive Tobi Lutke on Friday, the Ottawa-based e-commerce company revealed it has become a member of the Libra Association, a non-profit organization Facebook co-founded to act as an authority for the currency.
Enerplus Corp. (TSX:ERF). Down 32 cents, or about 4.58 per cent, to $6.67. Enerplus Corp. reported a loss of $429.1 million in its latest quarter as it took a non-cash goodwill impairment charge related to its Canadian business. The company says the loss amounted to $1.93 per diluted share for the quarter ended Dec. 31 compared with a profit of $249.3 million or $1.02 per diluted share in the fourth quarter of 2018.
This report by The Canadian Press was first published Feb. 21, 2020.
The Canadian Press