TORONTO — Some of the most active companies traded Wednesday on the Toronto Stock Exchange:
Toronto Stock Exchange (16,295.66, down 135.61 points.)
Baytex Energy Corp. (TSX:BTE). Energy. Down one cents, or 1.67 per cent, to 59 cents on 19.7 million shares.
Bombardier Inc. (TSX;BBD.B). Industrials. Up three cents, or 6.1 per cent, to 44 cents on 14.5 million shares.
SSR Mining Inc. (TSX:SSRM). Materials. Up eight cents, or 0.27 per cent, to $29.39 on 12.5 million shares.
Suncor Energy Inc. (TSX:SU). Energy. Up 34 cents, or 1.93 per cent, to $17.96 on 9.1 million shares.
Canadian Natural Resources (TSX:CNQ). Up 82 cents, or 3.48 per cent, to $24.38 on 9 million shares.
Air Canada (TSX:AC). Industrials. Up $1.03, or 5.74 per cent, to $18.97 on 8 million shares.
Companies in the news:
Bombardier Inc. (TSX:BBD.B). Up three cents, or 6.1 per cent to 44 cents. Bombardier Inc. has cemented the terms of its rail division sale to Alstom SA in a multibillion-dollar deal that will bolster the plane-and-train maker’s books but leave it with less than originally expected. The Montreal-based company said Wednesday it has signed a definitive agreement with the French train giant following a memorandum of understanding earlier this year. Bombardier expects net proceeds of about US$4 billion (C$5.30 billion) including US$585 million in Alstom shares for a fixed subscription price of 47.50 euros per share. The estimate falls up to 11 per cent below the expected net proceeds of between US$4.2 billion and US$4.5 billion that Bombardier projected when the takeover of its largest segment was announced in February.
Ag Growth International Inc. (TSX:AFN). Down $4.06 or 12.8 per cent to $27.56. Shares in Ag Growth continued to fall on the Toronto Stock Exchange Wednesday after a newly developed commercial grain storage bin it manufactured collapsed while being unloaded at North Vancouver’s Fibreco Export Inc. terminal. The cause and responsibility for the incident last Friday afternoon is not known and therefore it is unable to determine if any financial damage will result, the Winnipeg company said in a statement on Tuesday morning. An investigation into the incident is continuing and there are no results to report as yet, said Fibreco president Megan Owen-Evans in an email on Wednesday.
Manulife Financial Corp. (TSX:MFC). Down one cent to $19.27. Manulife Financial is offering COVID-19-related travel insurance for Canadians who take international and domestic trips, eliciting mixed reactions from the industry. The policy, slated to roll out in October, will provide emergency medical coverage that includes the coronavirus and related conditions. It will also provide some coverage linked to trip interruptions or cancellations in the event of quarantine, Manulife said in a release Wednesday. The new “pandemic travel plan” includes visits to regions subject to a Level 3 travel advisory, which warns against non-essential travel and which Canada has issued for all countries.
This report by The Canadian Press was first published Sept. 16, 2020.
Ross Marowits, The Canadian Press