TORONTO — Some of the most active companies traded Tuesday on the Toronto Stock Exchange:
Toronto Stock Exchange (20,173.352, up 8.39 points.)
Suncor Energy Inc. (TSX:SU). Energy. Down $1.10 or 4.12 per cent, to 25.62 on 7.8 million shares.
Bank of Montreal (TSX:BMO). Financials. Up 7 cents or 0.06 per cent, to $125.40 on 5.8 million shares.
Royal Bank of Canada (TSX:RY). Financials. Up 68 cents or 0.54 per cent, to $126.54 on 5.5 million shares.
Bombardier Inc. (TSX:BBD.B). Industrials. Down one cent or 0.69 per cent to $1.43 on 4.1 million shares.
Cenovus Energy Inc. (TSX:CVE). Energy. Down 22 cents or 2.13 per cent, to $10.09 on 3.8 million shares.
Toronto-Dominion Bank. (TSX:TD). Financials. Up 40 cents, or 0.48 per cent, to $83.09 on 3 million shares.
Companies in the news:
Noront Resources Ltd. (TSXV:NOT) Up 23 cents or 69.23 per cent to 55 cents — BHP has reached a deal to buy Noront Resources Ltd. for $325-million. BHP Lonsdale Investments Pty Ltd., a subsidiary of the Australian mining giant, says it will pay $0.55 per share for Norant. This represents a 69 per cent premium over the company's closing price on the TSX Venture Exchange on Monday. BHP's offer is also 75 per cent higher than the $0.31 per share proposed by Australian company Wyloo Metals Pty Ltd. in May. Noront's board is recommending shareholders accept BHP's offer. Noront chief executive Alan Coutts says the all-cash offer provides "immediate and certain" value for shareholders. Coutts says BHP also has the financial strength and global mining expertise to advance Noront's highly prospective Eagle's Nest project. Eagle's Nest is a proposed nickel, copper and platinum mine in the Ring of Fire region of northern Ontario. BHP says Eagle's Nest provides a platform to develop further opportunities in the Ring of Fire region. BHP says it plans to develop partnerships with First Nations, governments and local communities in the region. The Ring of Fire region in northern Ontario holds some of the world's richest deposits of chromite, nickel, copper and platinum. The region's resource deposits are valued at anywhere from $30-billion to $60-billion.
Bombardier Inc. (TSX:BBD.B) Down one cent or 0.69 per cent to $1.43 — Unifor says it has launched a strike at the Downsview facility in north Toronto as negotiations continue separately with De Havilland and Bombardier Inc. The union said workers from Local 673 and Local 112 walked off the job as threatened just after 10 a.m., two days after talks resumed following a three-week cooling-off period. About 1,500 unionized Bombardier workers and 700 De Havilland employees at the plant manufacture Bombardier's Global business aircraft and, until recently, the Dash 8 turboprops for De Havilland Canada. Pensions, use of contractors and erosion of bargaining unit work are key issues at Bombardier while the future of the Dash 8 program is the focus of talks with De Havilland. Other issues relate to the sale of the Downsview site in 2018 and both companies’ planned exit of the facility, Dias added in a news release.
This report by The Canadian Press was first published July 27, 2021.
The Canadian Press