TORONTO — Some of the most active companies traded Wednesday on the Toronto Stock Exchange:
Toronto Stock Exchange (11,721.42, down 963.79 points.)
Bombardier Inc. (TSX:BBD.B). Industrials. Down 15 cents, or 25 per cent, to 45 cents on 44.1 million shares.
Canadian Natural Resources Ltd. (TSX:CNQ). Energy. Down $1.96, or 15.12 per cent, to $11 on 17.8 million shares.
Cenovus Energy Inc. (TSX:CVE). Energy. Down 49 cents, or 17.75 per cent, to $2.27 on 16.6 million shares.
Suncor Energy Inc. (TSX:SU). Energy. Down $2.83, or 15.81 per cent, to $15.07 on 15 million shares.
Air Canada (TSX:AC). Industrials. Down $3.19, or 19.83 per cent to $12.90 on 14.8 million shares.
Whitecap Resources Inc. (TSX:WCP). Energy. Down 15 cents, or 16.13 per cent, to 78 cents on 12.6 million shares.
Companies in the news:
Royal Bank of Canada (TSX:RY). Down $9.10 or 10.2 per cent to $80. Canada's big banks are trying to give Canadians more financial breathing room with a slew of measures aimed at helping customers hurt by an outbreak of a novel coronavirus. The Big Six banks — Bank of Montreal, Canadian Imperial Bank of Commerce, National Bank of Canada, Royal Bank of Canada, Bank of Nova Scotia and TD Bank Group —have banded together to provide support to personal banking customers and small businesses coping with pay disruptions, illness and layoffs. This report by The Canadian Press was first published March 18, 2020.
Roots Canada (TSX:ROOT). Down 37 cents or 31.9 per cent to 79 cents. More major Canadian retailers joined the effort to contain the novel coronavirus outbreak by temporarily closing their stores or tweaking operations. Ikea Canada said it was temporarily closing its 14 stores in the country as a precautionary measure. Roots Canada announced it would do the same with its 115 Canadian stores starting Wednesday and ending March 31, when the clothing retailer plans to re-evaluate its decision. Vancouver-based outdoor retailer MEC sent a letter to its co-op members Wednesday announcing it has closed its retail stores effective immediately.
Canadian Imperial Bank Of Commerce (TSX:CM). Down $3.22 or 4.3 per cent to $72.20. The chief executive of Canadian Imperial Bank Of Commerce saw his total compensation last year decline compared with 2018. In a regulatory filing ahead of the bank's annual meeting, CIBC says Victor Dodig's total compensation for 2019 was $9 million, down from $10 million in 2018. The bank says Dodig earned a salary of $1 million, $4.8 million in share-based awards, $1.2 million in option-based awards, a cash bonus of $1.5 million, $505,000 in pension value and $2,250 in all other compensation last year.
Teck Resources Ltd. (TSX:TECK.B). Down $2.33 or 21.1 per cent to $8.71. Teck Resources Ltd. says it is suspending construction at a copper mine expansion in Chile, affecting about 15,000 workers there, as reaction by South American governments to the COVID-19 outbreak hits home for foreign mining companies. The Vancouver-based miner says work will stop on the US$4.7-billion Quebrada Blanca Phase 2 project for an initial two-week period and then be reassessed. Teck is the operator and owns a 60 per cent stake in the project, which is expected to start production in 2021.
Transat AT Inc. (TSX:TRZ). Down 13 cents or 2.2 per cent to $5.88. Porter Airlines has joined Transat AT Inc. in moving to suspend all flights as the Canadian government looks to close the border in an effort to stem the spread of COVID-19. Porter said Wednesday it will cancel flights on all 29 of its planes at the close of operations Friday, with plans to resume service June 1. Transat announced it will gradually suspend flights until April 30, halting sales for departures over the next six years for routes to most destinations in Europe and the United States.
This report by The Canadian Press was first published March 18, 2020.
The Canadian Press
