TORONTO — Some of the most active companies traded Thursday on the Toronto Stock Exchange:
Toronto Stock Exchange (15,527.87, down 47.24 points).
Air Canada (TSX:AC). Industrials. Up $1.05, or 5.7 per cent, to $19.42 on 15.3 million shares.
Canadian Natural Resources Ltd. (TSX:CNQ). Energy. Up 22 cents, or 0.81 per cent, to $27.41 on 13.4 million shares.
Zenabis Global Inc. (TSX:ZENA). Health care. Down half a cent, or 3.57 per cent, to 13.5 cents on 12.8 million shares.
Bombardier Inc. (TSX:BBD.B). Industrials. Up one cent, or 2.11 per cent, to 48.5 cents on 12.9 million shares.
HEXO Corp. (TSX:HEXO). Health care. Up six cents, or 6.38 per cent, to $1.00 on 11.2 million shares.
Suncor Energy Inc. (TSX:SU). Energy. Up 58 cents, or 2.29 per cent, to $25.96 on 8.2 million shares.
Companies in the news:
Bombardier Inc. — Bombardier Inc. says it will temporarily lay off 196 employees working on regional transit services in the Greater Toronto Area due to a steep decline in ridership numbers amid the COVID-19 pandemic. The company said in an email the job cuts, effective June 21, amount to about 20 per cent of its workforce at GO Transit and the Union Pearson Express. Both rail services are owned by the Metrolinx transit agency, which contracts out operations to Bombardier. Bombardier says ridership has dropped by 90 per cent due to the impact of the pandemic, prompting a reduction in service levels.
Saputo Inc. (TSX:SAP). Down 70 cents, or 2.1 per cent, to $33.12. Saputo Inc. saw earnings fall in its most recent quarter, missing analyst expectations, as the COVID-19 pandemic caused a shift in consumer demand late in the fourth quarter. The Montreal-based dairy processor says net earnings for the three months ended March 31 totalled $88.7 million or 22 cents per share, compared with $124.2 million or 32 cents per diluted share for the same time the previous year. Adjusted net earnings excluding one-time items were $98.8 million or 24 cents per share, down from $125.8 million or 32 cents per share in the fourth quarter of 2019. Revenue increased almost 15 per cent to $3.72 billion from $3.24 billion.
Enbridge Inc. (TSX:ENB). Down 73 cents, or 1.6 per cent, to $44.14. Former Bank of Canada governor Stephen Poloz has been appointed to the board of directors at pipeline company Enbridge Inc. Poloz retired as the head of Canada's central bank on Tuesday. Enbridge chairman Greg Ebel says Poloz has extensive business and financial experience, as well as expertise in global economics and public policy. Poloz took over as governor of the Bank of Canada in 2013 and served a seven-year term. Before leading the central bank, he was chief executive of Export Development Canada from 2011 to 2013.
This report by The Canadian Press was first published June 4, 2020.
The Canadian Press