TORONTO — Some of the most active companies traded Tuesday on the Toronto Stock Exchange:
Toronto Stock Exchange (14,958.09, up 443.85 points.)
Baytex Energy Corp. (TSX:BTE). Energy. Up one cent, or 1.59 per cent, to 64 cents on 23 million shares.
Cenovus Energy Inc. (TSX:CVE). Energy. Up 43 cents, or 11.26 per cent, to $4.25 on 20.6 million shares.
Enbridge Inc. (TSX:ENB). Energy. Up $1.74, or 4.07 per cent, to $44.44 on 18.9 million shares.
Canadian Natural Resources Ltd. (TSX:CNQ). Energy. Up 63 cents, or 2.94 per cent, to $22.06 on 17.7 million shares.
Suncor Energy Inc. (TSX:SU). Energy. Up 18 cents, or 0.65 per cent, to $27.74 on 15.3 million shares.
Bombardier Inc. (TSX:BBD.B). Industrials. Down four cents, or 4.49 per cent, to 85 cents on 13.2 million shares.
Companies in the news:
Air Canada (TSX:AC). Up 91 cents or three per cent to $31.22. Air Canada is suspending flights to and from Italy, saying the decision was prompted by Italian regulations and "ongoing health and safety concerns" related to the outbreak of a novel coronavirus. The airline's last flight to Rome is scheduled to take off from Toronto Tuesday, with the final return flight departing Rome for Montreal on Wednesday. Air Canada says plans to restart service on May 1. Meanwhile, affected customers will be notified and offered full refunds, a spokesman said. In January, Canada's largest airline halted all direct flights to China — the epicentre of the virus — as it braced for a hit to revenues.
Cenovus Energy Inc. — Cenovus Energy Inc. says it is cutting its capital spending plan for this year by 32 per cent due to the recent plunge in world oil prices. The company says it now plans between $900 million and $1 billion in total capital spending this year, down from earlier plans for between $1.3 billion and $1.5 billion. The price of oil collapsed on Monday over a dispute between Russia and Saudi Arabia regarding plans to cut oil production. The fight between the major oil producers compounded worries about lower demand due to slower economic growth as a result of the novel coronavirus outbreak.
This report by The Canadian Press was first published March 10, 2020.
The Canadian Press
