TORONTO — Some of the most active companies traded Friday on the Toronto Stock Exchange:
Toronto Stock Exchange (15,474.20, down 5.63 points.)
Bombardier Inc. (TSX:BBD.B). Industrials. Down 2.5 cents, or 5.1 per cent, to 46.5 cents on 145.6 million shares.
Zenabis Global Inc. (TSX:ZENA). Health care. Down five cents, or 34.48 per cent, to 9.5 cents on 55.5 million shares.
Baytex Energy Corp. (TSX:BTE). Energy. Down two cents, or 3.08 per cent, to 63 cents on 31.6 million shares.
BlackBerry Ltd. (TSX:BB). Technology. Up eight cents, or 1.16 per cent, to $6.99 on 26 million shares.
Suncor Energy Inc. (TSX:SU). Energy. Down 61 cents, or 2.56 per cent, to $23.20 on 23.8 million shares.
Algonquin Power & Utilities (TSX:AQN). Utilities. Down 49 cents, or 2.6 per cent, to $18.36 on 21.9 million shares.
Companies in the news:
Air Canada. (TSX:AC). Down 41 cents, or 2.2 per, cent $18.40. European Union regulators are suspending their investigation into Air Canada’s proposed purchase of Transat AT pending the arrival of more data from the two Canadian travel companies. The European Commission’s antitrust body launched the four-month investigation into the $720-million deal in May to determine whether it would hurt competition in Canadian and European markets, leading to higher prices, diminished quality or less choice for Atlantic travellers. A preliminary review by the EU executive branch found that the would-be transaction could significantly reduce competition on 33 origin and destination city pairs between the two jurisdictions.
SNC-Lavalin Inc. (TSX:SNC). Down 18 cents to $21.86. SNC-Lavalin Inc. will pay Ottawa $1.9 million for rigging bids on municipal infrastructure contracts in Quebec as part of a federal settlement. The Competition Bureau says the Public Prosecution Service of Canada settlement, filed Friday in Quebec Superior Court, ends the agency’s investigation of the company’s role in a scheme in which several engineering firms conspired to rig bids for municipal contracts between 2003 and 2012 in Montreal and the Quebec City area.
Bonavista Energy Corp. (TSX:BNP). Down 10 cents, or 47.6 per cent, to 11 cents. Oil and gas producer Bonavista Energy Corp. is proposing a deal with lenders that would eliminate about half of its outstanding debt but leave existing shareholders with only seven per cent of the company. Shares in the mid-sized Calgary-based company fell by as much as 52 per cent to nine cents on Friday morning following the announcement. The proposal — which requires approval by shareholders and debtholders to be implemented — would reduce total debt by about $483 million or 56 per cent and lower annual cash interest payments by $16 million or 43 per cent.
This report by The Canadian Press was first published June 19, 2020.
The Canadian Press