TORONTO — Some of the most active companies traded Wednesday on the Toronto Stock Exchange:
Toronto Stock Exchange (15,294.38, down 270.37 points.)
Bonavista Energy Corp. (TSX:BNP). Energy. Down 1.5 cents, or 21.43 per cent, to 5.5 cents on 19.1 million shares.
Bombardier Inc. (TSX:BBD.B). Industrials. Down 1.5 cents, or 3.26 per cent, to 44.5 cents on 9.4 million shares.
Baytex Energy Corp. (TSX:BTE). Energy. Down three cents, or 4.55 per cent, to 63 cents on 8.1 million shares.
Cenovus Energy Inc. (TSX:CVE). Energy. Down 14 cents, or 2.2 per cent, to $6.22 on 6.8 million shares.
Suncor Energy Inc. (TSX:SU). Energy. Down $1.09, or 4.57 per cent, to $22.75 on 6.75 million shares.
Canadian Natural Resources Ltd. (TSX:CNQ). Energy. Down 72 cents, or 2.98 per cent, to $23.42 on 6.7 million shares.
Companies in the news:
GFL Environmental Inc. (TSX:GFL). Up 45 cents or 1.8 per cent to $24.95. GFL Environmental Inc. has signed a deal to buy a portfolio of integrated solid waste collection, transfer, recycling and disposal assets in the United States for US$835 million. GFL said Wednesday the deal extends its reach into new and adjacent markets and forms a base for potential deals. The assets are being sold as a result of the acquisition of Advanced Disposal Services Inc. by a wholly owned subsidiary of Waste Management Inc., which announced a deal earlier this year. The assets being acquired by GFL include 32 collection operations, 36 transfer stations and 18 landfills supported by 380 collection vehicles across 10 U.S. states.
Barrick Gold Corp. (TSX:ABX). Up 24 cents to $35.05. Owners of the Porgera gold mine in Papua New Guinea say they will lay off 2,650 local mine workers by the end of July as the result of a continuing dispute with the federal government. Barrick Niugini Ltd., the joint venture mine owner and operator that is owned 47.5 per cent each by Canada’s Barrick Gold Corp. and partner Zijin Mining Group of China, says the cost of the layoffs will be more than US$52 million. It says most of the 116 expatriate employees have already been laid off. Production was halted in April and the mine placed on care and maintenance after the government said it would not extend its special mining lease. Workers were temporarily kept on the payroll.
Indigo Books & Music Inc. (TSX:IDG). Down nine cents or 8.7 per cent to 94 cents. Indigo Books & Music Inc. expects at least 10 to 12 months of a “damaging set of conditions” from the COVID-19 pandemic, said chief executive Heather Reisman, the day after the company reported a fourth-quarter loss of $171.3 million. She said governments deemed the Toronto-based retailer as non-essential so it was forced to close all 196 of its stores two weeks before the close of its financial year, which ended March 28. Prior to the closures, the company expected to close its financial year with an essentially flat figure for adjusted earnings before interest, taxes, depreciation and amortization, she said.
This report by The Canadian Press was first published June 24, 2020.
The Canadian Press