TORONTO — Some of the most active companies traded Wednesday on the Toronto Stock Exchange:
Toronto Stock Exchange (14,288.16, up 348.10 points.)
StageZero Life Sciences Ltd. (TSX:SZLS). Health care. Unchanged at 13.5 cents on 25.9 million shares.
Bombardier Inc. (TSX:BBD.B). Industrials. Up one cent, or 2.44 per cent, to 42 cents on 9.4 million shares.
Cenovus Energy Inc. (TSX:CVE). Energy. Up 37 cents, or 9.92 per cent, to $4.10 on 8.7 million shares.
Manulife Financial Corp. (TSX:MFC). Up 13 cents, or 0.8 per cent, to $16.40 on 7.6 million shares.
Enbridge Inc. (TSX:ENB). Energy. Up 77 cents, or 1.93 per cent, to $40.67 on 7.6 million shares.
B2Gold Corp. (TSX:BTO). Materials. Up 63 cents, or 9.69 per cent, to $7.13 on 7.5 million shares.
Companies in the news:
Rogers Communications Inc. (TSX:RCI.B). Up 71 cents to $58.15. Rogers Communications Inc. felt the first financial bite from the COVID-19 pandemic during the tail end of its first quarter and senior executives said Wednesday they expect conditions will get worse in months to come. Finance chief Anthony Staffieri told analysts that more customers will probably be unable to pay bills on time, but chief executive Joe Natale said Rogers has the resources to help its customers and employees through the crisis.
Enerplus Corp. (TSX:ERF). Up 20 cents or 7.6 per cent to $2.82. Calgary-based energy companies are continuing to reduce production, cut spending and trim costs as volatile oil prices remain stubbornly below profitable levels. Enerplus Corp. announced Wednesday it will cut its capital budget another $25 million to take it to $300 million, leaving it at about 55 per cent of its original $545 million. In an announcement two days after benchmark U.S. oil futures prices fell into negative territory for the first time in history, the company said it is also shutting down wells to avoid producing into the current market.
Canada Goose Holdings Inc. (TSX:GOOS). Up $1.13 or 3.8 per cent to $31.10. Luxury parka maker Canada Goose Holdings Inc. plans to start using reclaimed fur for its coats and stop purchasing new fur in a couple years even though some animal rights groups don’t see the reversal as a victory for wildlife. For five decades, it has used wild coyote fur from Western Canada and the U.S. but will start making parkas with reclaimed fur in 2022 and stop purchasing new fur that same year in an effort to satisfy consumer demand, the company said.
Metro Inc. (TSX:MRU). Up 58 cents to $60.02. One of Canada’s largest grocery store chains has seen sales level off after the arrival of the COVID-19 pandemic sent shoppers flocking to grocery stores, but Metro Inc.’s CEO says revenue is still up and is expected to help pay for elevated operating costs associated with the outbreak. Customers started a buying frenzy in Ontario on Feb. 28, said CEO Eric La Fleche, during the company’s second-quarter conference call. He’s not clear what happened that day to spark the spree, but shoppers rushed to buy cleaning supplies, hand sanitizers and toilet paper.
This report by The Canadian Press was first published April 22, 2020.
The Canadian Press