TORONTO — Some of the most active companies traded Monday on the Toronto Stock Exchange:
Toronto Stock Exchange (15,359.66 , up 103.09 points.)
Bombardier Inc. (TSX:BBD.B). Industrials. Down six cents, or 11.54 per cent, to 46 cents on 20.1 million shares.
Canadian Natural Resources Ltd. (TSX:CNQ). Energy. Down 45 cents, or 1.85 per cent, to $23.89 on 14.1 million shares.
Air Canada (TSX:AC). Industrials. Down 86 cents, or 4.43 per cent, to $18.54 on 10.4 million shares.
Manulife Financial Corp. (TSX:MFC). Financials. Down 17 cents, or 0.91 per cent, to $18.61 on 9.8 million shares.
Baytex Energy Corp. (TSX:BTE). Energy. Down three cents, or 4.29 per cent, to 67 cents on 8.9 million shares.
Freegold Ventures Ltd. (TSX:FVL). Materials. Up eight cents, or 14.81 per cent, to 62 cents on 7.2 million shares.
Companies in the news:
Shopify Inc. (TSX:SHOP). Up $84.14 or 8.3 per cent to $1,093.37. Shopify Inc. is upping the ante in its battle against Amazon.com Inc. by aligning itself Walmart Inc. in its fight with the Seattle online retailer. The Ottawa-based e-commerce giant, whose software powers online stores for more than one million companies, on Monday announced the partnership, which will allow U.S. merchants to sell their products on Walmart’s website. By the end of the year, Shopify expects 1,200 of its merchants to be selling products through Walmart’s marketplace, which is visited by more than 120 million Americans every month.
Bombardier Inc. — Bombardier Inc. shares fell nearly 10 per cent in midday trading Monday after news that it will be dropped from the S&P/TSX composite index, adding to the plane-and-train maker’s list of woes. S&P Dow Jones Indices said Friday after markets closed that Bombardier and 13 other companies would be removed from the index on June 22. A range of criteria determine a stock’s eligibility for the composite index, including market capitalization and liquidity. Bombardier shares have hovered near 25-year lows for the past three months, falling 76 per cent from a January high of $1.96.
Cineplex Inc. (TSX:CGX). Down $2.33 or 16.9 per cent to $11.49. Cineplex Inc. is inching towards a gradual reopening of its Canadian theatres, starting in Alberta later this month before going wider across the country in early July. Canada’s largest movie exhibitor says it plans to begin showing “previously released titles” at a reduced capacity in six Alberta theatres on June 26. The company then hopes to reopen on July 3 in as many other markets as government and health authorities allow, as COVID-19 restrictions begin to loosen in different regions. Theatres in British Columbia would be among the second stage to open, with other provinces still to be determined.
Laurentian Bank Financial Group (TSX:LB). Down 46 cents or 1.5 per cent to $30.20. Laurentian Bank says its president and chief executive is stepping down from the bank and retiring. The Montreal-based bank says Francois Desjardins will resign from his roles and depart on June 30. Desjardins spent 29 years at the bank and holds a director role, which he will also leave behind when he retires. The bank says Stephane Therrien, executive vice-president of personal and commercial banking and the president and chief executive of Laurentian Bank of Canada’s financial services, will step in as interim president and chief executive and serve as a director of Laurentian.
This report by The Canadian Press was first published June 15, 2020.
The Canadian Press