TORONTO — Some of the most active companies traded Tuesday on the Toronto Stock Exchange:
Toronto Stock Exchange (14,798.29, up 156.18 points.)
Manulife Financial Corp. (TSX:MFC). Financials. Up 37 cents, or 2.27 per cent, to $16.69 on nearly 11 million shares.
StageZero Life Sciences Ltd. (TSX:SZLS). Health care. Down half a cent, or 4.35 per cent, to 11 cents on 10.1 million shares.
Bank of Montreal (TSX:BMO). Financials. Up $1.45, or 2.08 per cent, to $71.26 on 8.8 million shares.
Cenovus Energy Inc. (TSX:CVE). Energy. Up 13 cents, or 3.06 per cent, to $4.38 on 8.5 million shares.
RioCan Real Estate Investment Trust (TSX:REI.UN). Real estate. Up 13 cents, or 0.81 per cent, to $16.12 on 7.8 million units.
Bombardier Inc. (TSX:BBD.B). Industrials. Up half a cent, or 1.18 per cent, to 43 cents on 7.8 million shares.
Companies in the news:
Vermilion Energy Inc. (TSX:VET). Down 51 cents or 9.75 per cent to $5.74. Vermilion Energy Inc. is reporting a net loss of $1.3 billion or $8.42 per share in the first quarter thanks to a $1.2-billion writedown in the value of its oil and gas assets around the world due to low global commodity prices. The loss compares with a net gain of $39.5 million or 26 cents per share in the same period of 2019 and analyst expectations of a loss of about $43 million or 14 cents, according to the financial markets data firm Refinitiv.
Bombardier Inc. — Bombardier Inc. says 11,000 furloughed employees will likely return to work over the next few weeks, part of some 450,000 Quebecers expected to go back on the job as the province prepares to restart its economy. The plane-and-train maker says it will resume production in Quebec as of May 11, the day set by the provincial government for factories to unlock their doors. Workers whose physical presence is not required at plants or service sites will continue to work from home.
Calfrac Well Services Ltd. (TSX:CFW). Unchanged at 23.5 cents. Calfrac Well Services Ltd. says it has now cut 70 per cent of its North American staff as demand for its hydraulic fracturing and other well completion services continues to fall in view of low oil prices. In late March, the Calgary-based company said it would reduce the number of crews being deployed in its North American operations from 19 to nine, resulting in a 40 per cent downsizing of its workforce in the U.S. and Canada. It now says it has cut the number of crews to five.
Barrick Gold Corp. (TSX:ABX). Down seven cents to $37.73. The prime minister of Papua New Guinea is threatening to take over a gold mine operated by Barrick Gold Corp. after operations were suspended there last weekend in the midst of a dispute over renewal of its mining lease. In a social media post, Prime Minister James Marape warns Barrick "don't fight me" as he urges the company to maintain the Pogera mining operation until negotiations result in an "agreed exit time." On Friday, Toronto-based Barrick announced it will pursue all legal avenues to prevent what it's calling the "nationalization without due process'' of the mine in the highlands of Papua New Guinea.
Aleafia Health Inc. (TSX:ALEF). Down one cent or 1.9 per cent to 51 cents. Aleafia Health Inc. says former Ontario Provincial Police commissioner and federal cabinet minister Julian Fantino is resigning from the company's board. The Toronto-based medical cannabis company says former RCMP deputy commissioner Raf Souccar is also departing. A release from the company did not offer any explanation for the resignations, but says they are effective May 15. Fantino served as Aleafia's chairman and Souccar was a director.
This report by The Canadian Press was first published April 28, 2020.
The Canadian Press
