TORONTO — Some of the most active companies traded Thursday on the Toronto Stock Exchange:
Toronto Stock Exchange (16,184.54, up 63.16 points.)
Suncor Energy Inc. (TSX:SU). Energy. Down 76 cents, or 4.67 per cent, to $15.50 on 10.9 million shares.
Canadian Natural Resources Ltd. (TSX:CNQ). Energy. Down 73 cents, or 3.42 per cent, to $20.61 on 10 million shares.
Cenovus Energy Inc. (TSX:CVE). Energy. Down 34 cents, or 6.55 per cent, to $4.85 on 7.1 million shares.
Kinross Gold Corp. (TSX:K). Materials. Up 29 cents, or 2.47 per cent, to $12.04 on 6.5 million shares.
Toronto-Dominion Bank. (TSX:TD). Financials. Up 14 cents, or 0.23 per cent, to $61.79 on 6 million shares.
Bank of Nova Scotia. (TSX:BNS). Financials. Up seven cents, or 0.13 per cent, to $55.39 on 5.9 million shares.
Companies in the news:
Air Canada (TSX:AC). Up 26 cents, or 1.66 per cent to $15.95. Labour leaders called on Ottawa to provide immediate financial aid and rapid viral testing to an airline industry devastated by the COVID-19 pandemic. The heads of two pilots’ unions and Unifor asked the federal government on Thursday to offer carriers loans totalling $7 billion at a one per cent interest rate. Travel restrictions and dried-up demand continue to take a toll on the airline and tourism industries. More than 30,000 employees have been laid off or furloughed at Air Canada and WestJet Airlines Ltd. Passenger numbers in Canada were down 90 per cent year over year in July, though the 845,000 travellers made up nearly twice the number of the previous month, according to Statistics Canada.
NuVista Energy Ltd. (TSX:NVA). Up four cents or 6.25 per cent to 68 cents. The acquisition of a 17.6 per cent stake in Calgary oil and gas producer NuVista Energy Ltd. by rival Paramount Resources Ltd. is part of a trend toward “forced” consolidation in the troubled Canadian energy sector, analysts say. Paramount revealed it may buy more stock or make a takeover bid for the slightly smaller intermediate producer. Paramount shares dropped by as much as seven cents or 3.5 per cent to $2.01 but closed up a penny at $2.09.
Canadian Imperial Bank of Commerce. (TSX:CM). Down 29 cents or 0.29 per cent to $99.24. The Newfoundland and Labrador government is advising teachers and other individuals receiving wages or income support from the province that payments may be delayed. In a statement, Treasury Board secretariat Chrysta Collins says the delays are being caused by technical issues being experienced by various banking institutions. Collins says the province is continuing to work with its bank, the Canadian Imperial Bank of Commerce, to resolve the matter as soon as possible. Collins says the government has been advised that most recipients should receive payments throughout the day as the banks resolve the matter.
TransAlta Corp. (TSX:TA). Up 15 cents or 1.8 per cent to $8.34. TransAlta Corp. and its partner, Tidewater Midstream & Infrastructure Ltd. have signed a new deal to sell the Pioneer Pipeline to Atco Gas and Pipelines Ltd. for $255 million, replacing an earlier agreement to sell it to a subsidiary of TC Energy Corp. for the same price. Atco acquired the right to purchase the Pioneer Pipeline through an option agreement with TC Energy’s Nova Gas Transmission Ltd. (NGTL) The Pioneer Pipeline includes 131 kilometres of operating pipeline in Alberta. It runs from west of Drayton Valley to west of Edmonton. The company says the pipeline will be integrated into NGTL’s and Atco’s Alberta natural gas transmission systems.
This report by The Canadian Press was first published Oct. 1, 2020.
The Canadian Press