TORONTO — Some of the most active companies traded Thursday on the Toronto Stock Exchange:
Toronto Stock Exchange (15,912.26, up 95.15 points.)
Just Energy Group Inc. (TSX:JE). Energy. Up 39.5 cents, or 114.49 per cent, to 74 cents on 49.5 million shares.
Kinross Gold Corp. (TSX:K). Materials. Up 79 cents, or 7.18 per cent, to $11.79 on 10.6 million shares.
Zenabis Global Inc. (TSX:ZENA). Health care. Down half a cent, or 7.69 per cent, to six cents on 8.2 million shares.
Bombardier Inc. (TSX:BBD.B). Industrials. Down two cents, or 5.56 per cent, to 34 cents on 7.3 million shares.
Suncor Energy Inc. (TSX:SU). Energy. Up 36 cents, or 2.16 per cent, to $17.05 on 6.3 million shares.
BlackBerry Ltd. (TSX:BB). Technology. Down seven cents, or 1.09 per cent, to $6.36 on 6.3 million shares.
Companies in the news:
Air Canada. (TSX:AC). Up three cents to $16.04. Canada’s flight industry is heartened by signals from the throne speech that federal financial help is on the way but wants to see quick, clear action to support the sector, which has been devastated by the COVID-19 pandemic. The government’s speech from the throne Wednesday pledged “further support for industries that have been the hardest hit, including travel and tourism.” The National Airlines Council of Canada says federal authorities need to “immediately come forward with a coherent and concrete plan to support the industry and allow its recovery.” Passenger numbers are down 94 per cent from 2019, “with aviation still at Stage 0 in its recovery” amid ongoing travel restrictions, said the trade group, which represents Air Canada, WestJet Airlines Ltd., Air Transat and Jazz Aviation.
BlackBerry Ltd. — BlackBerry Ltd. reported a loss of US$23 million in its latest quarter as its revenue grew six per cent compared with a year ago. The security software and services company, which keeps its books in U.S. dollars, says the loss amounted to four cents per diluted share for the quarter ended Aug. 31. The result compared with a loss of US$44 million or 10 cents per diluted share a year earlier. Revenue for what was the company’s second quarter totalled US$259 million, up from US$244 million in the same quarter last year and US$206 million in its first quarter. BlackBerry says its non-GAAP earnings amounted to 11 cents per share for the quarter.
CI Financial Corp. (TSX:CIX). Down 21 cents or 1.2 per cent to $16.98. CI Financial Corp. and its Assante Wealth Management (Canada) Ltd. subsidiary have signed a deal to acquire a minority share in Assante’s operation in Dorval, Que. The companies say it’s the first direct equity investment in a regional or local operation for Assante, as the offices are typically owned by an adviser or adviser team. Financial terms of the agreement were not immediately available. Assante Dorval provides wealth planning services to clients across Quebec. It has 59 licensed financial advisers and also serves as Assante’s Quebec regional corporate office. CI has made a series of acquisitions this year to grow its wealth management business in Canada and the U.S.
This report by The Canadian Press was first published Sept. 24, 2020.
The Canadian Press