TORONTO — Some of the most active companies traded Wednesday on the Toronto Stock Exchange:
Toronto Stock Exchange (16,889.82, down 58.24 points.)
Suncor Energy Inc. (TSX:SU). Energy. Up 14 cents, or 0.7 per cent, to $20.11 on 12.5 million shares.
Bombardier Inc. (TSX:BBD.B). Industrials. Up one cent, or 3.33 per cent, to 31 cents on 11.7 million shares.
Trevali Mining Corp. (TSX:TV). Materials. Up 3.5 cents, or 20.59 per cent, to 20.5 cents on 9 million shares.
Manulife Financial Corp. (TSX:MFC). Financials. Down five cents, or 0.23 per cent, to $21.80 on 8.4 million shares.
Air Canada (TSX:AC). Industrials. Up 83 cents, or four per cent, to $21.60 on 8.4 million shares.
Enbridge Inc. (TSX:ENB). Energy. Down 81 cents, or 2.08 per cent, to $38.09 on 7.6 million shares.
Companies in the news:
Canfor Corp. (TSX:CFP). Up two cents to $17.68. The CEO of wood pellet maker Peak Renewables says deals to buy forest tenure and mill assets in the Fort Nelson area of northeastern B.C. from Canfor Corp. are part of its plan to build a new 600,000-tonne-per-year pellet plant there. Canfor announced on Tuesday it had sold its forest tenure in the region in a multi-year $30-million deal with Peak that requires provincial government approval to proceed. Peak also bought the idled PolarBoard oriented strand board panel plant and Tackama plywood plant in the town earlier this year for about $10 million, the company confirmed. The plants were closed in 2008. In an interview, Peak CEO Brian Baarda said the company is working to bring in the Fort Nelson First Nation as an equity partner in the proposed pellet plant.
Metro Inc. (TSX:MRU). Down $1.59 or 2.6 per cent to $60. Metro Inc., one of the country’s top three grocery retailers, is expediting its push into online food ordering and home delivery, as e-commerce grocery sales continue to beat expectations. The Montreal-based company, which includes the eponymous grocery store chain, said Wednesday it’s opening a dedicated store for online grocery orders with home delivery to serve Montreal next summer. It’s also increasing the number of Metro stores that offer a click-and-collect service — or buy online pickup in store — from the 40 planned to more than 100 by next fall. The announcement came as the retailer said its fourth-quarter profit rose by more than 10 per cent compared with a year ago, with its online grocery sales growing 160 per cent.
Rogers Communications Inc. (TSX:RCI.B). Down $1.05 or 1.7 per cent to $59.34. Rogers Sports and Media is cancelling its Breakfast Television shows in Calgary and Vancouver, making adjustments to some local radio operations and laying off an unspecified number of staff. A statement from the Toronto-based company says “a small percentage” of its staff across the country will be let go. It says the Breakfast Television brand will remain and a new version of the morning show will air on six Citytv stations starting in the new year. It also says there will be programming changes at some radio stations but “listeners will continue to hear local news and the stations will continue to support community events.” Rogers Sports and Media, a fully owned subsidiary of Rogers Communications Inc., owns 56 radio stations and seven television stations, according to its website.
Enbridge Inc. — Consumers in the Markham area of southern Ontario will soon be receiving a little hydrogen to go with the natural gas they use to fuel their furnaces and hot water heaters. Enbridge Gas and partner Cummins Inc. say they will proceed with a $5.2-million pilot project next year to blend hydrogen from their facility in Markham into part of the existing natural gas network. The facility, commissioned in 2018, uses excess renewable electricity from the Ontario grid to make hydrogen from water and store it. Burning hydrogen produces only water without any greenhouse gases. Enbridge Gas, a subsidiary of Calgary-based Enbridge Inc., says the project was approved in October by the Ontario Energy Board. It says it will initially provide a maximum hydrogen content of up to two per cent of the natural gas stream supplied to about 3,600 customers in Markham in the third quarter.
BCE Inc. (TSX:BCE). Down 12 cents to $56.65. Bell Media has made a minority investment in Grande Studios in a partnership they say will increase resources for Quebec’s French-language content creation and production. Financial terms of the agreement were not disclosed. Grande Studios provides production facilities, camera and lighting equipment rentals in Montreal and Toronto. It also provides technical services to the TV and film production industry and is currently working on “Moonfall,” a sci-fi movie being filmed in Montreal. Grande Studios has also provided facilities for several Bell Media productions including “La Semaine des 4 Julie” and the Crave film “The Song of Names.” Bell Media is part of BCE’s Bell Canada, the country’s largest telecommunications company. Its holdings include the CTV television network, specialty TV channels, radio stations and production studios.
This report by The Canadian Press was first published Nov. 18, 2020.
The Canadian Press