TORONTO — Some of the most active companies traded Monday on the Toronto Stock Exchange:
Toronto Stock Exchange (15,236.21, up 43.38 points.)
Canadian Natural Resources Ltd. (TSX:CNQ). Energy. Up 56 cents, or 2.23 per cent, to $25.71 on 21.6 million shares.
HEXO Corp. (TSX:HEXO). Health care. Up eight cents, or 9.41 per cent, to 93 cents on 11.6 million shares.
Freegold Ventures Ltd. (TSX:FVL). Materials. Up nine cents, or 18 per cent, to 59 cents on 9.1 million shares.
Bombardier Inc. (TSX:BBD.B). Industrials. Up half a cent, or 1.12 per cent, to 45 cents on 6.8 million shares.
Air Canada (TSX:AC). Industrials. Up 51 cents, or 3.21 per cent, to $16.41 on 6.4 million shares.
The Green Organic Dutchman Holdings. (TSX:TGOD). Health care. Down half a cent, or 1.15 per cent, to 43 cents on 6.2 million shares.
Companies in the news:
Bombardier Inc. — Bombardier Inc. has completed the sale of its regional jet business to Mitsubishi Heavy Industries Ltd. for US$550 million, cementing the plane maker's departure from commercial aviation following a three-decade run. The sale of its CRJ aircraft series paves the way for Bombardier to focus on its sole future income stream — private jets — as the company ramps production back up following factory closures during the COVID-19 pandemic, which cost the company up to US$800 million last quarter.
BCE Inc. (TSX:BCE). Down 12 cents to $57.11. Bell Canada will sell most of its data centres for $1.04 billion to California-based Equinix Inc., which provides locations to house equipment for cloud computing and internet services. Montreal-based Bell, the main subsidiary of BCE Inc., will also form a partnership that provides about 600 clients of Bell Business Markets with full access to the Equinix platform. Lin said Equinix has been operating in Canada for about a decade, mostly in the Toronto area, but sees the acquisition as a way to expand geographically and gain more than 500 new customers currently with Bell.
Reitmans (Canada) Ltd. (TSX:RET.A). Unchanged at 7.5 cents. Reitmans (Canada) Ltd. will close two of its retail chains and lay off roughly 1,400 workers as the company continues a restructuring amid the pandemic. Montreal-based Reitmans said Monday that it will shutter its 77 Addition Elle stores on Aug. 15 and 54 Thyme Maternity locations on July 18. The company will liquidate the brands' merchandise and wind down their websites when the stores will close. As part of the closures, about 1,100 retail and 300 Montreal head office workers will lose their jobs.
Lundin Gold Inc. (TSX:LUG). Down 42 cents or 3.4 per cent to $12.03. Lundin Gold Inc. says it is moving to restart operations at its Fruta del Norte project in Ecuador after suspending operations on March 22 due to the pandemic. The company says it has started moving supplies to the mine. It has also instituted a strict protocol for personnel movement. The company says a seven-day quarantine period followed by a negative test for the virus is required before an employee or contractor will be allowed to enter Fruta del Norte. While operations have been suspended, Lundin says workers have been carrying out several projects and maintenance work in preparation for the restart of operations.
Cineplex Inc. (TSX:CGX). Down 56 cents, or 3.8 per cent to $13.99. Cineplex Inc. says the Investment Canada Act review of its deal to be acquired by Cineworld Group has been extended to June 15. The review period had been set to end Monday. The deadline to complete the $2.8-billion sale of the company to Cineworld is June 30. The deal is subject to several conditions including approval under the Investment Canada Act. Cineplex says if the conditions are not satisfied or waived by the deadline the deal will not be completed. The company, like nearly all movie exhibitors, has faced a virtual shutdown since mid-March.
This report by The Canadian Press was first published June 1, 2020.
The Canadian Press