TORONTO — Some of the most active companies traded Monday on the Toronto Stock Exchange:
Toronto Stock Exchange (18,815.13, down 38.87 points.)
Bombardier Inc. (TSX:BBD.B). Industrials. Up eight cents, or 10.67 per cent, to 83 cents on 16.5 million shares.
Suncor Energy Inc. (TSX:SU). Energy. Down 62 cents, or 2.24 per cent, to $27.03 on 12.7 million shares.
Canadian Natural Resources (TSX:CNQ). Energy. Down 64 cents, or 1.70 per cent, to $37.09 on 10.6 million shares.
TC Energy Corp. (TSX:TRP). Energy. Down 14 cents, or 0.24 per cent, to $57.08 on 7.7 million shares.
Manulife Financial Corp. (TSX:MFC). Financials. Down 20 cents, or 0.74 per cent, to $26.95 on 7.6 million shares.
Fortune Minerals Ltd. (TSX:FT). Materials. Up six cents, or 40 per cent, to 21 cents on 4.8 million shares.
Companies in the news:
Canadian Pacific Railway Ltd. (TSX:CP). Down $25.67 or 5.4 per cent to $448.60. The merger of Canadian Pacific Railway Ltd. and Kansas City Southern promises improved service for Canadian shippers, but the impact on crude-by-rail volumes will be muted, observers said Monday. The US$25-billion takeover deal announced Sunday would link the Canadian and northern U.S. rail networks of Canadian Pacific with the southern U.S. and Mexican routes of KCS, with the only significant overlap at Kansas City, Mo., where the railways share a rail yard. In a tweet on Sunday, Alberta Premier Jason Kenney said the deal was a win for crude oil export capacity from Western Canada following the cancellation of the Keystone XL pipeline project, but a longtime crude-by-rail exporter says he doesn't expect it will make much difference.
Alimentation Couche-Tard Inc. (TSX:ATD.B). Up 54 cents or 1.4 per cent to $40.21. Alimentation Couche-Tard Inc. is looking to shed nearly four per cent of its North American network starting with a deal to sell 49 stores in Oklahoma to Casey's General Stores Inc. for US$39 million. The deal includes 46 leased and three owned properties and is expected to close by July 31. The Quebec-based convenience store company says it has also hired a real estate advisory firm to help with the sale of 306 other sites across North America following a strategic review. The stores up for sale include 269 locations across 25 states in the United States and 37 sites across six provinces in Canada.
Brookfield Asset Management Inc. (TSX:BAM.A). Up 10 cents to $56.74. Brookfield Asset Management Inc. has hired former Air Canada chief executive Calin Rovinescu as a senior adviser within its global private equity group. Rovinescu retired as head of Canada's largest airline in February after leading it for 12 years. He is also a former chair of the Star Alliance chief executive board and of the board of governors of the International Air Transport Association. The alternative investment manager says Rovinescu will help in finding and executing on investment opportunities, with a focus on the aviation and aerospace sectors. Cyrus Madon, CEO of Brookfield’s private equity group, says Rovinescu's insights and expertise will be beneficial to the team.
This report by The Canadian Press was first published March 22, 2021.
The Canadian Press
