TORONTO — Some of the most active companies traded Monday on the Toronto Stock Exchange:
Toronto Stock Exchange (12,360.40, down 1,355.93 points.)
Bombardier Inc. (BBD.B) Industrials. Down 17 cents, or 21.8 per cent to $0.61 on 22.6 million shares.
Canadian Natural Resources. (TSX:CNQ). Energy. Down $5.41, or 27.25 per cent, to $14.44 on 18.3 million shares.
Kinross Gold Corp. (TSX:K). Materials. Up 83 cents, or 17.26 per cent to $5.64 on 15.7 million shares.
Suncor Energy Inc. (TSX:SU). Energy. Down $3.47, or 15.37 per cent, to $19 on 13.2 million shares.
Toronto-Dominion Bank (TSX:TD). Financials. Down $6, or 9.82 per cent, to $55.11 on 11.8 million shares.
Cenovus Energy Inc. (TSX:CVE). Energy. Down 69 cents, or 16.59 per cent, to $3.47 on 11.7 million shares.
Companies in the news:
Air Canada (TSX:AC). Down $7.14 or 28.1 per cent to $18.23. Air Canada is halving its seat capacity in the second quarter and withdrawing its earnings forecast for 2020 and 2021 amid a “severe drop in traffic” due to the novel coronavirus. Chief executive Calin Rovinescu said Monday that COVID-19 is presenting the airline industry with “unprecedented challenges,” adding he is confident Air Canada can weather the storm of cancellations and border closures. The country’s largest airline has now suspended or postponed 18 transatlantic routes as Canada announced Monday an entry ban on most non-residents, with U.S. citizens excepted.
Aurora Cannabis Inc. (TSX:ACB). Down eight cents or 7.5 per cent to 99 cents. Aurora Cannabis Inc. says founder and former chief executive Terry Booth has sold nearly 12.2 million shares in the company into the open market. The company says the sale is in connection with a restructuring of the company earlier this year that saw the elimination of 500 jobs and Booth’s retirement from the company. Aurora announced Booth’s departure from the company in February. According to a regulatory filing ahead of the company’s annual meeting last year, Booth held 15.2 million shares, nearly 2.2 million options and 305,000 restricted share units at June 30, 2019.
Crescent Point Energy Corp. (TSX:CPG). Down 28 cents, or 20.7 per cent to $1.07. More Calgary-based oil and gas producers are cutting spending plans as crude prices fall further and financial analysts lower their stock ratings. Producers Crescent Point Energy Corp., Enerplus Corp., Vermilion Energy Inc. and NuVista Energy Ltd. all announced cuts in their 2020 capital budgets on Monday, adding to a list that includes Husky Energy Inc., Cenovus Energy Inc. and ARC Resources Ltd. Oil producers have been trimming spending and focusing on cost cutting for years after crude prices fell dramatically in 2015 and 2016.
Restaurant Brands International Inc. (TSX:QSR). Down $13.07 or 20.7 per cent to $50.01. Tim Hortons parent company Restaurant Brands International Inc. says it is asking Canadian restaurant owners to provide take-out, drive-thru and delivery only in an effort to reduce the spread of COVID-19. The company said Monday it is closing all dining room seating at Tim Hortons effective Tuesday and will continue the closures until further notice. The change comes as governments across the country urge Canadians to engage in social distancing to slow the spread of the virus.
MTY Food Group Inc. (TSX:MTY). Soqn $13.20 or 36.3 per cent to $23.20. MTY Food Group Inc. says it will postpone the collection of royalties from franchisees for four weeks as its stock plummeted amid decreased demand triggered by COVID-19. The owner of brands including Thai Express and Tutti Frutti says the postponement will support franchisees as traffic declines. CEO Eric Lefebvre says the deferred royalties amount to between $15 million and $18 million.
This report by The Canadian Press was first published March 16, 2020.
The Canadian Press