TORONTO — Some of the most active companies traded Tuesday on the Toronto Stock Exchange:
Toronto Stock Exchange (12,685.21, up 324.81 points.)
Bombardier Inc. (TSX:BBD.B). Industrials. Down one cent, or 1.64 per cent, to 60 cents on 23.1 million shares.
Kinross Gold Corp. (TSX:K). Materials. Up $1.12, or 19.86 per cent to $6.76 on 19.5 million shares.
Suncor Energy Inc. (TSX:SU). Energy. Down $1.10, or 5.79 per cent, to $17.90 on 19.4 million shares.
B2Gold Corp. (TSX:BTO). Materials. Up 77 cents, or 18.38 per cent, to $4.96 on 16.9 million shares.
Canadian Natural Resources Ltd. (TSX:CNQ). Energy. Down $1.48, or 10.25 per cent, to $12.96 on 16.5 million shares.
Manulife Financial Corp. (TSX:MFC). Down 49 cents, or 3.32 per cent, to $14.25 on 15.3 million shares.
Companies in the news:
Second Cup Coffee Co. (TSX:SCU). Up one cent to 98 cents. More retailers are closing their doors or shifting to take-out orders only as concerns around the novel coronavirus outbreak increase. Fast-fashion retailer H&M announced Tuesday it would close all its American and Canadian retail locations. DavidsTea Inc. says it has closed its more than 230 stores in Canada and the U.S. and Second Cup Coffee Co. says its Canadian cafes will only serve food and drinks to go, for delivery or via drive thru, and it will close all its in-store dining areas.
Empire Co. Ltd. (TSX:EMP.A). Down three cents to $28.03. Canada's grocery stores won't run out of food and essentials despite unprecedented demand amid the novel coronavirus outbreak, the chief executives of the company's big grocers say, though it may take a bit of time to restock certain products in some stores. Over Empire Co. Ltd.'s 113 years in business, it has never experienced such an influx of customers, CEO Michael Medline wrote in an open letter to customers. Canadians flocked to grocery stores in recent days to stock up on food and supplies as the country recorded more cases of coronavirus.
TORC Oil & Gas Ltd. (TSX:TOG). Down 26.5 cents or 34.9 per cent to 49.5 cents. More energy industry dividends are being slashed as investors turn their backs on companies whose payouts are now unaffordable with oil prices plunging to less than US$30 per barrel. TORC Oil & Gas Ltd. announced after markets closed Monday an 80 per cent cut in its monthly dividend to half a cent from 2.5 cents, a move it said would save about $53 million per year.
CIBC (TSX:CM). Down $2.06 or 2.7 per cent to $75.42. The Canadian Bankers Association says the country's six biggest banks are working together in their efforts to limit the spread of COVID-19 by temporarily limiting branch operating hours and reducing the number of branches, while maintaining critical services. Canadian Imperial Bank Of Commerce has said 816 of its locations will remain open, but operate under modified hours, while 206 which do not offer over-the-counter cash and banking services will temporarily close effective Wednesday.
Canopy Growth Corp. (TSX:WEED). Up 16 cents to $14.58. Cannabis company Canopy Growth Corp. says it's closing all of its corporate-owned Tokyo Smoke and Tweed stores later today in an effort to help limit the spread of COVID-19. The company says its 23 corporate stores in Newfoundland, Saskatchewan and Manitoba as well as the Tweed Visitor Centre in Smiths Falls, Ont., will close at 5 p.m. local time today. The move comes as public health officials urge people to limit contact with others in an effort to help reduce the spread of the novel coronavirus.
This report by The Canadian Press was first published March 17, 2020.
The Canadian Press
