|Bid||5.04 x 0|
|Ask||5.05 x 0|
|Day's Range||5.01 - 5.30|
|52 Week Range||4.68 - 17.00|
|Beta (5Y Monthly)||1.36|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||Dec. 29, 2008|
|1y Target Est||N/A|
TORONTO — Some of the most active companies traded Wednesday on the Toronto Stock Exchange:Toronto Stock Exchange (15,629.19, up 33.69 points.)The Toronto-Dominion Bank (TSX:TD). Financials. Up eight cents, or 0.13 per cent, to $60.30 on 21.8 million shares.StageZero Life Sciences Ltd. (TSX:SZLS). Health care. Up half a cent, or 9.09 per cent, to six cents on 9 million shares.St. Augustine Gold and Copper (TSX:SAU). Materials. Down 5.5 cents, or 39.29 per cent, to 8.5 cents on 8.3 million shares.Kinross Gold Corp. (TSX:K). Materials. Up 15 cents, or 1.48 per cent, to $10.26 on 6.1 million shares.B2Gold Corp. (TSX:BTO). Materials. Up 19 cents, or 2.4 per cent, to $8.12 on 5.7 million shares.The Bank of Nova Scotia. (TSX:BNS). Financials. Down 22 cents, or 0.4 per cent, to $54.73 on 5.3 million shares.Companies in the news:Transat AT (TSX:TRZ). Down five cents to $5.51. Air Transat is looking to reduce greenhouse gas emissions from its airplanes by using jet fuel made from kerosene in a process that captures carbon dioxide produced by large industrial emitters. The Montreal-based airline has signed an agreement with SAF+ Consortium, which is finalizing the fabrication of a pilot plant in Montreal to make the kerosene. The kerosene is then converted to synthetic jet fuel which is estimated to have an 80 per cent lower carbon footprint than conventional jet fuel. Air Transat says it will buy a significant portion of the future sustainable aviation fuel (SAF) production. SAF + Consortium chief technical officer, Alexandru Iordan, says demand for sustainable aviation fuel will almost double annually for the next 30 years.DavidsTea — DavidsTea is seeking court protection from creditors so it can continue operating while it restructures and plans to close a significant number of its stores. The Montreal-based company said Wednesday it will seek an order in Quebec Superior Court to allow it to restructure under the Companies' Creditors Arrangement Act. It also plans to seek similar orders for its U.S. subsidiary under Chapter 15 of the U.S. Bankruptcy Code. The company said during the restructuring process it plans to continue operating online through davidstea.com and its wholesale distribution channel, which supplies grocery stores and pharmacies. The chain's stores have been shut since March 17 due to the COVID-19 pandemic. It had warned in mid-June that it hadn't paid rent on any of its stores for April, May and June and that it may seek a formal restructuring.This report by The Canadian Press was first published July 8, 2020.The Canadian Press
MONTREAL — Air Transat is looking to reduce greenhouse gas emissions from its airplanes by using jet fuel made from kerosene in a process that captures carbon dioxide produced by large industrial emitters.The Montreal-based airline has signed an agreement with SAF+ Consortium, which is finalizing the fabrication of a pilot plant in Montreal to make the kerosene.The kerosene is then converted to synthetic jet fuel which is estimated to have an 80 per cent lower carbon footprint than conventional jet fuel.Air Transat says it will buy a significant portion of the future sustainable aviation fuel (SAF) production.Airline president Jean-Francois Lemay says the airline is committed to offering passengers a low carbon footprint travelling experience while achieving its environmental obligations.SAF + Consortium chief technical officer, Alexandru Iordan, says demand for sustainable aviation fuel will almost double annually for the next 30 years."So, solutions such as the production of SAF in Montreal will put Quebec-Canada on the map while providing great jobs for the future," said Iordan.This report by The Canadian Press was first published July 8, 2020.Companies in this story: (TSX:TRZ)The Canadian Press
Entering into 2020, Air Canada (TSX:AC) planned to grow its international services with the acquisition of Transat AT (TSX:TRZ). But the COVID-19 pandemic has put its plans on a back burner.The post Is the Air Canada Acquisition Delay a Sign of Denial? appeared first on The Motley Fool Canada.
Transat will resume some flights starting on July 23, operating 28 routes to Europe, the United States, the Caribbean and within Canada, as the company gradually relaunches operations.
The Air Canada (TSX:AC)-Transat AT (TSX:TRZ) deal looks highly uncertain in the current scenario. Who will benefit if the deal is cancelled?The post How Air Canada's (TSX:AC) Transat Deal Is Placed Amid the Crisis appeared first on The Motley Fool Canada.
Know the deductions and tax credits available to lighten your financial burden in 2020. Saving on taxes is crucial now that unemployment in Canada is rising. The Transat stock is struggling as the company implements cost-saving measures, including layoffs.The post CRA Tax Deductions: 2 Crafty Ways to Reduce Your 2020 Tax Bill appeared first on The Motley Fool Canada.
MONTREAL — Transat A.T. Inc. plans to use the federal emergency wage subsidy to rehire 4,000 employees it had temporarily laid off after halting all flights due to the COVID-19 pandemic.Transat says the employees, 1,900 of whom are flight attendants, will not be required to work as part of their recall.The returning staff will receive 75 per cent of their baseline pay up to a maximum of $847 per week, as defined in federal legislation passed last week."Temporarily laying off a large majority of our employees was a necessary but heartbreaking decision," Transat CEO Jean-Marc Eustache said in a statement.Eustache added that he hopes the announcement will provide some comfort for staff, 80 per cent of whom had been laid off.On March 23, Transat announced it would lay off 3,600 workers as it suspended its entire Air Transat flight schedule, a move followed by 400 other furloughs.Since then the airline business has gone into a further tailspin as closed borders and travel controls cratered demand.The International Air Transport Association predicts revenues will fall by US$314 billion this year, or 55 per cent from 2019.This story by The Canadian Press was first published April 17, 2020.Companies in this story: (TSX:TRZ)The Canadian Press
The CRA is busy as a bee these days helping taxpayers with tax breaks and wage subsidies. The wave of temporary layoffs is also starting in the tourism and travel industry where the Transat stock belongs. The company is among the hardest hit by the outbreak.The post CRA Emergency Measures: $55 Billion in Tax Deferrals Earmarked appeared first on The Motley Fool Canada.
Refunding passengers for cancelled flights in the wake of COVID-19 would be an “unbearable task” for cash-strapped airlines as many opt to offer vouchers instead.
Airlines around the world may collapse and fail if governments do not intervene soon, an industry group is warning.
Canadian airlines continued to suspend service on Wednesday, with Transat and Porter both announcing wide-sweeping cancellations, as Canada and the United States close their shared border to non-essential travel.
Transport Canada is banning cruise ships and restricting the number of airports that will allow overseas international arrivals in response to the coronavirus pandemic.
Canadian airlines are changing cancellation policies, cutting capacity and preparing for deeper impacts as travellers opt to stay home amid the coronavirus pandemic.
Building a million dollar RRSP might be difficult, but it’s not impossible even if you start at 40. Play it smart and invest in stocks like Air Canada (TSX:AC).
Air Canada (TSX:AC)(TSX:AC.B) will become an even bigger player in the industry if its deal to acquire Transat AT Inc. (TSX:TRZ) is approved, and that could have a significant impact on competition.
Air Canada’s (AC) proposed takeover of Transat A.T. Inc. (TRZ.TO) raises issues issues related to public interest and requires additional time to conduct a thorough analysis, says Canada’s Transport Minister.