TORONTO — Some of the most active companies traded Wednesday on the Toronto Stock Exchange:
Toronto Stock Exchange (17,313.07, up 38.82 points.)
Northern Dynasty Minerals Ltd. (TSX:NDM). Materials. Down 54 cents, or 51.43 per cent, to 51 cents on 19.34 million shares.
Suncor Energy Inc. (TSX:SU). Energy. Down 16 cents, or 0.7 per cent, to $22.83 on 13.09 million shares.
Canadian Natural Resources Ltd. (TSX: CNQ). Energy. Down 35 cents, or 1.13 per cent, to $30.76 on 9.28 million shares.
Aurora Cannabis Inc. (TSX: ACB). Health care. Down 70 cents, or 5.84 per cent, to $11.29 on 9.27 million shares.
Enbridge Inc. (TSX: ENB). Energy. Up 57 cents, or 1.4 per cent, to $41.31 on 8.7 million shares.
Trevali Mining Corp. (TSX:TV). Materials. Down 2.5 cents, or 11.11 per cent, to 20 cents on 7.63 million shares.
Companies in the news:
Imperial Oil Ltd. (TSX: IMO). Down 59 cents, or 2.37 per cent, at $24.32. Calgary−based Imperial Oil said Wednesday it is laying off about 200 of its 6,000 employees across Canada as part of a cost−cutting initiative due to low oil prices. The oilsands, refining and energy retailing company, which has been reluctant to cut staff during the current and previous industry downturns, also confirmed Wednesday it has reduced the number of contractors it employs by about 450 since the start of the year.
Cargojet Inc. (TSX: CJT). Up $10.83, or 5.4 per cent, at $211.51. Cargojet says it is preparing for record levels of online shopping over the holidays — as Canadians buy gifts digitally during restrictions at brick−and−mortar stores — and the company is taking unprecedented measures to try to keep package deliveries on time. The Mississauga−based company says it is hiring additional pilots and staff, and added a new plane to its fleet this month for the second time this year.
Spin Master Corp. (TSX:TOY). Up 29 cents, or 0.99 per cent, at $29.52. Toymaker Spin Master has announced a deal to develop toys and games based on the Harry Potter and Fantastic Beasts movies. The company says it has signed a global licensing agreement with Warner Bros. Consumer Products for the Wizarding World franchise.
BRP Inc. (TSX:DOO). Up $2.21, or 3.25 per cent, at $70.24. BRP reported an improved outlook for the rest of the year on Wednesday as the company’s third−quarter earnings results beat analysts’ expectations and it raised its guidance for its full financial year. The maker of Ski−Doos and Sea−Doos reported higher third−quarter profit compared with a year ago, buoyed by strong sales worldwide despite COVID−19 lockdowns that hampered inventory and distribution.
Cascades Inc. (TSX:CAS). Down 30 cents, or 2.02 per cent, at $14.55. Cascades says it will close its napkin plant in Laval, Que., at the end of June next year. The plant currently employs 54 workers. Cascades says it will offer to relocate as many employees as possible to its other operations in Quebec and employees who are not able or do not wish to relocate will be offered help in their search for other employment.
CAE Inc. (TSX:CAE). Down 69 cents, or 2.05 per cent, at $33.03. CAE Inc. has signed a deal with Textron to buy TRU Simulation + Training Canada Inc. for US$40 million. The company says the acquisition expands its installed base of commercial flight simulators and customers.
Exro Technologies Inc. (TSXV:EXRO). Up 16 cents, or 3.6 per cent, at $4.60. Exro says it has priced its shares at $3.25 each. The Canadian company, which is developing new control products to improve efficiency and performance in electric motors and powertrains, is aiming to raise between $30 million and $36.5 million through a public offering.
This report by The Canadian Press was first published Nov. 25, 2020.
The Canadian Press