TORONTO — Some of the most active companies traded Friday on the Toronto Stock Exchange:
Toronto Stock Exchange (12,687.74, down 683.43 points.)
Aurora Cannabis Inc. (TSX:ACB). Health care. Up 20 cents, or 15.87 per cent, to $1.46 on 27.6 million shares.
Bombardier Inc. (TSX:BBD.B). Industrials. Down 5.5 cents, or 10.78 per cent, to 45.5 cents on 23.3 million shares.
Cenovus Energy Inc. (TSX:CVE). Energy. Down 31 cents, or 11.65 per cent, to $2.35 on 18.3 million shares.
TC Energy Corp. (TSX:TRP). Energy. Down $2.80, or 4.59 per cent, to $58.21 on 11.6 million shares.
Whitecap Resources Inc. (TSX:WCP). Energy. Down 17 cents, or 15.18 per cent, to 95 cents on 10.6 million shares.
Suncor Energy Inc. (TSX:SU). Energy. Down $1.54, or 8.57 per cent, to $16.43 on 9.3 million shares.
Companies in the news:
Transat AT. (TSX:TRZ). Up 51 cents, or 5.7 per cent, to $9.49. The Competition Bureau says Air Canada's proposed acquisition of Transat AT Inc., which owns Air Transat, likely will hinder competition and result in less choice for Canadian travellers. In a report delivered to Transport Minister Marc Garneau, the watchdog says eliminating the rivalry between the two carriers would result in higher prices, fewer services and ultimately less travel by Canadians on a range of competing routes.
Magna International Inc. (TSX:MG). Down 19 cents to $44.90. Magna International Inc. has withdrawn its 2020 outlook because of the "high degree of business uncertainty" caused by the COVID-19 pandemic. The Aurora, Ont.-based auto parts company says many of its plants, particularly in North America and Europe, have reduced or suspended operations as auto companies have scaled back because of the outbreak. The company says its operations in China are also still ramping up and below levels expected earlier this year, after an extended downtime in February.
Reitmans (Canada) Ltd. (TSX:RET.A). Down 3.5 cents, or 7.9 per cent, to 40.5 cents. Reitmans (Canada) Ltd. is laying off 90 per cent of its Canadian retail store workers and 30 per cent of its Montreal head office employees after closing stores amid the spread of COVID-19. The company, which employs about 7,000 people, says that nearly all of its Canadian retail store workers at its five chains will be out of work effective Sunday. The head office layoffs take effect Monday. Reitmans, which closed its 587 stores March 17, says it's asking remaining employees to contribute to on-going cost-saving initiatives.
Molson Coors Beverage Co. (TSX:TPX.B). Down $1.155 to $54.90. Molson Coors Beverage Co. says it is withdrawing its financial outlook for the 2020 financial year and beyond due to uncertainty about the impacts of the ongoing COVID-19 outbreak. The company released its guidance on Feb. 12, and its outlook for the 2020 year included a flat to low-single digit decrease of net sales revenue on a constant currency basis.
Quebecor Inc. (TSX:QBR.B). Down 17 cents to $29.90. Quebecor Inc. says it has temporarily laid off 10 per cent of its workforce as it deals with the impact of COVID-19. The Quebec-based telecommunications and media company employs more than 10,000 people in Canada. The company says the suspension of non-essential businesses has curtailed the operations of many of its partners and led to a significant slowdown in some parts of its operations. Quebecor says it will top up the government assistance to cover 95 per cent of the salary of employees with an annual salary under $54,200.
This report by The Canadian Press was first published March 27, 2020.
The Canadian Press