TORONTO — Some of the most active companies traded Monday on the Toronto Stock Exchange:
Toronto Stock Exchange (16,562.81, up 28.27 points.)
Toronto-Dominion Bank (TSX:TD). Financials. Down $1.17, or 1.87 per cent, to $61.54 on 6.79 million shares.
Aurora Cannabis Inc. (TSX:ACB). Health care. Down 14 cents, or 2.08 per cent, to $6.59 on 6.51 million shares.
Teck Resources Ltd. (TSX:TECK.B). Materials. Down eight cents, or 0.44 per cent, to $18.28 on 6.46 million shares.
Suncor Energy Inc. (TSX:SU). Energy. Down 19 cents, or 1.11 per cent, to $16.88 on 5.24 million shares.
Aphria Inc. (TSX:APHA). Health care. Up four cents or 0.53 per cent, to $7.53 on 5.19 million shares.
Canadian Natural Resources (TSX:CNQ). Down 28 cents, or 1.18 per cent, to $23.45 on 5.19 million shares.
Companies in the news:
Toronto-Dominion Bank. An Ontario law firm says a class action centred on TD Asset Management Inc.’s trailing commissions to discount brokers has been certified. Siskinds LLP says the class action was prompted by a retired dentist investing in mutual funds, who discovered that TD Asset Management was paying trailing commissions to discount brokers like TD Direct Investing for services and advice, but neither was being provided. A trailing commission, also known as a trailer fee, is paid by mutual fund investors to financial advisers in exchange for regularly reviewing holdings and providing guidance. The retired dentist alleges his mutual fund assets were wasted by the commissions he had to pay and says investors lost tens of millions of dollars because of the practice. TD Bank Group, which Siskinds says unsuccessfully sought an appeal of the certification decision, declined to comment because it said the matter is still before the courts.
MTY Food Group Inc. (TSX:MTY). Up $5.82 or 15.57 per cent at $43.20. MTY Food Group reported stable earnings in the third quarter despite lower revenues caused by the impact of COVID-19. The restaurant company behind such brands as Thai Express, Tiki-Ming, Tutti Frutti and Valentine says its net profit was $22.9 million or 93 cents per diluted share, compared with $22.9 million or 91 cents per share a year earlier. Revenues for the period ended Aug. 31 decreased 16 per cent to $135.4 million from $161.3 million in the same period last year. System-wide sales fell to $897.5 million from $1.08 billion in the third quarter of 2019. MTY says 52,900 business days were lost during the quarter with 1,470 restaurants temporarily closed at the beginning of the quarter and 364 at the end. As of Friday, 339 locations representing less than five per cent of the company’s network remained shuttered, with additional restrictions recently imposed forcing some restaurants to close again.
This report by The Canadian Press was first published Oct. 9, 2020.
The Canadian Press