TORONTO — Some of the most active companies traded Tuesday on the Toronto Stock Exchange:
Toronto Stock Exchange (15,515.22, up 125.50 points.)
Bonavista Energy Corp. (TSX:BNP). Energy. Down half a cent, or 9.09 per cent, to five cents on 20.7 million shares.
Bombardier Inc. (TSX:BBD.B). Industrials. Down two cents, or 4.55 per cent, to 42 cents on 13 million shares.
TC Energy Corp. (TSX:TRP). Energy. Up 67 cents, or 1.17 per cent, to $58 on 9.8 million shares.
The Bank of Nova Scotia (TSX:BNS). Financials. Up 56 cents, or 1.01 per cent, to $56.18 on 9 million shares.
B2Gold Corp. (TSX:BTO). Materials. Up 27 cents, or 3.62 per cent, to $7.72 on 7.5 million shares.
Semafo Inc. (TSX:SMF). Materials. Up seven cents, or 1.54 per cent, to $4.63 on 6.8 million shares.
Companies in the news:
Air Canada (TSX:AC). Down 53 cents or three per cent to $16.95. Air Canada is suspending service on 30 regional routes and closing eight stations at smaller Canadian airports as the COVID-19 pandemic continues to batter the travel industry. The cuts, which reduce the flight options for travellers, come as a result of record-low travel demand amid ongoing border shutdowns and interprovincial restrictions, the carrier said. The airline also plans to close its counters at four airports in Quebec, two in Ontario, one in New Brunswick and one in Newfoundland and Labrador. The Montreal-based company laid off more than 20,000 workers — more than half of its staff — this month as part of a plan to cut costs.
Alimentation Couche-Tard Inc. (TSX:ATD.B). Down three cents to $42.57. Alimentation Couche-Tard says shoppers are purchasing larger-sized packages and stocking up on beer, wine and tobacco products during the COVID-19 lockdowns. The Quebec-based convenience store chain says there was strong growth in the sale of alcoholic beverages, where these sales are permitted, because of the closure of bars and restaurants. Chief executive Brian Hannasch says there was a shift to cases of 24 and 30 beers from six-packs along with grocery-sized packages of salty and confectionery items. He says the shift to larger packages was “pretty global” even though alcohol sales aren’t available in Europe or much of Canada.
Cineplex Inc. (TSX:CGX). Down $1.88 or nearly 19 per cent to $8.04. Cineplex is hoping moviegoers are willing to return to its theatres as the company deals with an uncertain future in the wake of its failed plan to sell itself to Cineworld. Cineplex shares fell after the company warned about its ability to “continue as a going concern” in its release of delayed quarterly results. The company reached a deal with its lenders to provide some financial relief due to the COVID-19 pandemic which forced the company to close its theatres in March. The agreement can be extended to the second and third quarters of 2020, but to do that the company needs to secure a minimum of $250 million in new financing.
This report by The Canadian Press was first published June 30, 2020.
The Canadian Press