TORONTO — Some of the most active companies traded Monday on the Toronto Stock Exchange:
Toronto Stock Exchange (17,562.74, down 280.79 points.)
Acerus Pharmaceuticals Corp. (TSX:ASP). Health care. Up one cent, or 20 per cent, to six cents on 14.4 million shares.
Cenovus Energy Inc. (TSX:CVE). Energy, Down 65 cents, or 5.44 per cent, to $11.30 on 13.55 million shares.
Bombardier Inc. (TSX:BBD.B). Industrials. Down four cents, or 3.2 per cent, to $1.21 on 11 million shares.
Yamana Gold Inc. (TSX:YRI). Materials. Up two cents, or 0.33 per cent, to $6.17 on 10.1 million shares
Barrick Gold Corp. (TSX:ABX). Materials. Up 93 cents, or 3.28 per cent, to $29.30 on 9.9 million shares.
Manulife Financial Corp. (TSX:MFC). Financials. Down $1.89, or 7.33 per cent, to $23.90 on 9.3 million shares.
Companies in the news:
Teck Resources Ltd. (TSX:TECK.B). Down 39 cents or 2.7 per cent to $14.06. Tensions over Indigenous rights, climate change and resource development that have escalated recently with the rail blockades helped push Teck Resources Ltd. to shelve its massive oilsands project, company CEO Don Lindsay said Monday. The Vancouver-based company said it will take a $1.13-billion writedown on the Frontier project, which was expected to create an estimated 7,000 construction jobs, 2,500 operating jobs and about $12 billion in federal income and capital taxes, but was also expected to produce about four million tonnes of greenhouse gas emissions per year over 40 years.
Air Canada. Down $2.11 or five per cent to $40.07. Air Canada has signed two agreements for airframe maintenance in Quebec, subject to its takeover of Transat AT. The airline and AAR have signed a letter of intent for a 10-year renewable agreement for airframe maintenance of both Air Canada's and Air Transat's fleet of Airbus A330 and A320 family of aircraft in Trois-Rivieres, Que. AAR plans to make investments in Trois-Rivieres to accommodate the new wide-body A330 work of the combined Air Canada and Air Transat fleets. Air Canada has also signed a letter of intent with Avianor for a 10-year agreement for airframe maintenance of its new fleet of Airbus A220 aircraft in Mirabel, Que.
Cronos Group Inc. (TSX:CRON). Down 95 cents or 10 per cent to $8.49. Cronos Group Inc. is delaying the release of its fourth-quarter and full-year financial results. The cannabis company says it has had a delay in the completion of its financial statements. It did not further explain the cause of the postponement. Cronos had been scheduled to release its results on Thursday. Marlboro maker Altria Group Inc. is the largest shareholder in the Canadian cannabis producer. The big tobacco company paid $2.4 billion for an approximately 45 per cent stake in Cronos and has the ability to increase its stake to 55 per cent for an additional $1.4 billion.
MTY Food Group Inc. (TSX:MTY). Up $4.48 or nine per cent to $54.25. MTY Food Group Inc. reported a fourth-quarter profit of $20.7 million, up from $13.2 million in the same quarter a year earlier, as it said allegations by an employee that had delayed the release of its quarterly results are baseless. The owner of brands such as Thai Express, Tiki-Ming, Tutti Frutti and Valentine says the profit amounted to 83 cents per share for the quarter ended Nov. 30, up from 53 cents per share a year earlier. System sales for the quarter totalled $1.02 billion, up from $706.4 million, boosted by the acquisition of the Papa Murphy's chain which sells pizzas for customers to bake at home.
This report by The Canadian Press was first published Feb. 24, 2020.
The Canadian Press
