TORONTO — Some of the most active companies traded Wednesday on the Toronto Stock Exchange:
Toronto Stock Exchange (15,817.11, down 325.78 points.)
Canadian Natural Resources (TSX:CNQ). Down 66 cents, or 2.92 per cent, to $21.94 on 11.4 million shares.
Just Energy Group Inc. (TSX:JE). Energy. Down 14 cents, or 28.87 per cent, to 34.5 cents on 10.9 million shares.
Bombardier Inc. (TSX:BBD.B). Industrials. Down 1.5 cents, or four per cent, to 36 cents on 8.2 million shares.
Kinross Gold Corp. (TSX:K). Materials. Down $1.24, or 10.13 per cent, to $11.00 on 7.8 million shares.
Aurora Cannabis Inc. (TSX:ACB). Health care. Down $2.83, or 29.09 per cent, to $6.90 on 7.5 million shares.
Suncor Energy Inc. (TSX:SU). Energy. Down 23 cents, or 1.36 per cent, to $16.69 on 6.3 million shares.
Companies in the news:
Indigo Books and Music Inc. (TSX:IDG). Up five cents or 2.4 per cent to $2.13. Workers at an Indigo Books and Music Inc. location in Mississauga, Ont., have voted in favour of unionization. Employees at the company’s Square One Shopping Centre store backed a unionization drive through an online vote earlier this week, said the United Food and Commercial Workers Canada Local 1006A, one of Ontario’s largest private sector local unions, in a press release. Indigo did not immediately respond to a request for comment from The Canadian Press, but the union said it can now start to negotiate a contract with the Toronto-based retailer. It hopes that contract will address the concerns of the location’s roughly 40 workers at the bookstore, including wages, job security and sick leave.
Nuvei Corp. (TSX:NVEI.U). Up $1.86 or 5.4 per cent to $35.98. Philip Fayer took little time to celebrate after his Montreal payments company Nuvei Corp. closed its $833-million initial public offering, the largest the Toronto Stock Exchange has ever seen in the technology sector. The company he founded 17 years ago when looking for payment options for another business he was involved in raised aggregate gross proceeds of US$805 million — US$730 million for Nuvei and US$75 million for shareholder Novacap Management Inc. — from offering up more than 30 million subordinate voting shares at US$26 per share last week. Along with the IPO, Nuvei closed a direct private placement of more than 1 million subordinate voting shares, generating an additional US$28.4 million in gross proceeds.
Fortis Inc. (TSX:FTS). Down 31 cents to $52.59. Fortis Inc. has announced the coming retirement of CEO Barry Perry, who will be succeeded by David Hutchens effective Jan. 1. The company owns a variety of utility businesses across Canada, in parts of the United States and in the Caribbean. Hutchens was named chief operating officer at Fortis in January while continuing to serve as chief executive of UNS Energy, a Fortis subsidiary based in Tuscon, Ariz. He was previously executive vice-president of Fortis’s western utility operations, with oversight of FortisBC and FortisAlberta. Perry has been CEO of Fortis since 2015 and with the company for more than 20 years, a period that included several major acquisitions including electricity transmission company ITC Holdings Corp. in 2016.
Shopify Inc. (TSX:SHOP). Down $38.61 to $1,229.79. Shopify Inc. says it has fired two “rogue” employees involved in a scheme to illegitimately obtain records connected to some of its merchants. Company spokeswoman Rebecca Feigelsohn confirmed the terminations in an email Tuesday, the day after the Ottawa-based company first revealed data of about 200 of its merchants was improperly accessed. Shopify says it terminated the employees’ access to its network, referred the incident to law enforcement and will work with the FBI to investigate further.
This report by The Canadian Press was first published Sept. 23, 2020.
The Canadian Press