TORONTO — Some of the most active companies traded Wednesday on the Toronto Stock Exchange:
Toronto Stock Exchange (15,428.69, down 87.14 points.)
Bombardier Inc. (TSX:BBD.B). Industrials. Up 1.5 cents, or 3.03 per cent, to 51 cents on 18.3 million shares.
Canadian Natural Resources Ltd. (TSX:CNQ). Energy. Down 88 cents, or 3.63 per cent, to $23.39 on 14.3 million shares.
Freegold Ventures Ltd. (TSX:FVL). Materials. Unchanged at 75 cents on 10.2 million shares.
ProMIS Neurosciences, Inc. (TSX:PMN). Health care. Up 7.5 cents, or 40.54 per cent, to 26 cents on 9.8 million shares
HEXO Corp. (TSX:HEXO). Health care. Down 15 cents, or 11.9 per cent, to $1.11 on 7.6 million shares.
Suncor Energy Inc. (TSX:SU). Energy. Down $1.14, or 4.53 per cent, to $24.03 on 6.2 million shares.
Companies in the news:
Iamgold Corp. (TSX:IMG). Down seven cents, or 1.5 per cent, to $4.52. Iamgold Corp. says it has suspended operations at its Rosebel Gold Mine in the South American country of Suriname after seven people were diagnosed with COVID-19, sparking a showdown with its union. The Canadian mining company says it proceeded with getting medical care and putting the individuals in quarantine while disinfecting their living quarters and work areas. Operations were shut down, it said, when a conflict with the local union broke out over its attempt to support physical distancing by reducing the number of workers sharing accommodations.
CAE Inc. (TSX:CAE). Up one cent to $23.65. CAE Inc. says its new medical ventilator has been certified by Health Canada and it will begin shipping. The Montreal-based company signed a contract with the federal government earlier this year to manufacture and supply 10,000 ventilators. The made-in-Canada equipment will be sent to hospitals across the country. CAE's usual business is flight simulators used for pilot training, but the company shifted gears due to the pandemic to design and build a medical ventilator. The CAE Air1 ventilator can deliver pressure control, volume control and pressure support ventilation using room air or pressured oxygen.
Restaurant Brands International Inc. (TSX:QSR). Up 67 cents to $76.30. Albertans will be the first in Canada to sample a fried chicken sandwich that became a social-media sensation with its U.S. debut last summer when Popeyes Louisiana Kitchen adds the menu item to stores in select cities in the province Wednesday. The menu item generated long lines, supply shortages and — in one case —deadly violence south of the border, but the fried-chicken chain plans for a smoother Canadian launch. A Canadian trial planned for April was delayed by the COVID-19 pandemic, since widespread physical distancing precautions seemed out of step with long lines of hungry customers.
Enbridge Inc. (TSX:ENB). Down 62 cents, or 1.4 per cent, to $42.78. Enbridge Inc. says 800 employees have voluntarily left the company, allowing it to avoid layoffs as it cuts costs to counter impacts from COVID-19 and lower global oil prices. The Calgary-based pipeline company announced in May it would defer $1 billion in capital spending this year and reduce costs by $300 million through measures including salary cuts and voluntary staff reductions. The reductions would amount to about seven per cent of the 11,300 employees Enbridge listed at the end of last year, with about 7,800 in Canada and 3,500 in the U.S.
This report by The Canadian Press was first published June 17, 2020.
The Canadian Press