TORONTO — Some of the most active companies traded Monday on the Toronto Stock Exchange:
Toronto Stock Exchange (16,242.81, up 177.46 points.)
Just Energy Group Inc. (TSX:JE). Energy. Down 8.5 cents, or 18.28 per cent, to 38 cents on 17.1 million shares.
Bank of Nova Scotia. (TSX:BNS). Financials. Up $1.51, or 2.77 per cent, to $55.97 on 9.1 million shares.
Royal Bank of Canada (TSX:RY). Financials. Up $1.07, or 1.13 per cent, to $95.56 on 8.7 million shares.
Lundin Mining Corp. (TSX:LUN). Materials. Down 48 cents, or 6.23 per cent, to $7.22 on 8.5 million shares.
Suncor Energy Inc. (TSX:SU). Energy. Up 63 cents, or 3.79 per cent, to $17.26 on 6.8 million shares.
TC Energy Corp. (TSX:TRP). Energy. Down 51 cents, or 0.85 per cent, to $59.20 on 6.8 million shares.
Companies in the news:
Air Canada (TSX:AC). Up seven cents to $15.87. A passenger rights company is calling on the country’s transportation regulator to take a stand against airlines that bar travellers from engaging a third party to seek compensation until their claims have already been rejected. So called “contact airline first” clauses stipulate that passengers seeking compensation must initially reach out to the airline themselves, rather than filing a claim through a law firm, company or advocacy group. Air Canada customer Steve Pereira hopes to force legal clarity on the issue with a case now before the Canadian Transportation Agency, though a backlog of thousands of complaints could delay the outcome.
Lundin Mining Corp. — Canadian miner Lundin Mining Corp. says it will hold safety stand-downs at all of its operations over the coming days to allow staff to reflect on a fatal accident Friday at its Neves-Corvo Mine in Portugal. In an update, the company says operations at the underground copper and zinc mine are expected to resume by mid-week after being suspended following the accident. Separately, Lundin reported that processing activities at its Chapada open pit copper-gold mine in Brazil have been interrupted due to damage at its main electrical substation following a power outage on Sunday morning.
Inter Pipeline Ltd. (TSX:IPL). Up 54 cents or 4.1 per cent to $13.62. Inter Pipeline Ltd. has signed a deal to acquire the Milk River pipeline system from a subsidiary of Plains All American Pipeline LP, in exchange for its 100 per cent ownership interest in the Empress II and 50 per cent ownership interest in the Empress V straddle plants. Plains will also pay Inter Pipeline $35 million in cash. The Milk River pipeline system includes two 16-kilometre pipelines with current throughput volume of about 90,000 barrels per day and links Inter Pipeline’s Bow River pipeline system from Milk River, Alta., to the Canada-U.S. border. Inter Pipeline will also acquire pumping and metering facilities, two crude oil storage tanks and truck unloading facilities as part of the deal.
This report by The Canadian Press was first published Sept. 28, 2020.
The Canadian Press