TORONTO — Some of the most active companies traded Thursday on the Toronto Stock Exchange:
Toronto Stock Exchange (12,170.52, up 449.10 points.)
Bombardier Inc. (TSX:BBD.B). Industrials. Up three cents, or 6.67 per cent, to 48 cents on 22.7 million shares.
Cenovus Energy Inc. (TSX:CVE). Energy. Up nine cents, or 3.96 per cent, to $2.36 on 18.5 million shares.
Canadian Natural Resources Ltd. (TSX:CNQ). Energy. Up 20 cents, or 1.82 per cent, to $11.20 on 16.6 million shares.
Suncor Energy Inc. (TSX:SU). Energy. Up 56 cents, or 3.72 per cent, to $15.63 on 16.2 million shares.
Kinross Gold Corp. (TSX:K). Materials. Down 16 cents, or 2.71 per cent, to $5.75 on 14.6 million shares.
B2Gold Corp. (TSX:BTO). Materials. Up 36 cents, or 8.98 per cent, to $4.37 on 13.2 million shares.
Companies in the news:
Agnico Eagle Mines Ltd. (TSX:AEM). Up $5.18 or 10 per cent to $57.07. Agnico Eagle Mines Ltd. says it's sending its local workforce home from its Nunavut mining operations for four weeks to protect them and their communities from the potential spread of the COVID-19 outbreak as the territorial government declare a public health emergency. The Toronto-based gold miner says it will continue to pay those workers and it's meeting with its contractors to discuss similar measures for their local workforces.
Canadian Tire Corp. (TSX:CTC.A). Up $9.94 or 13.4 per cent to $5.18. Retailers that have remained open as concerns around the spread of the novel coronavirus increase are either succumbing to pressure to shut their doors or explaining why they should be considered an essential service. Canadian Tire Corp. announced it would close its "non-essential retail banners" in Canada starting Friday until April 2. That includes its 402 SportChek stores and 380 Mark's outlets, according to its most recent quarterly report for the period up to Dec. 28, 2019. It will continue to pay its full- and part-time employees during the closure. However, its namesake Canadian Tire stores will stay open with reduced hours.
Paramount Resources Ltd. (TSX:POU). Up two cents or two per cent to $1. Paramount Resources Ltd. is cutting its capital spending plan in the face of the significant drop in global energy prices. The company expects capital spending this year to come in between $185 million and $250 million. The new forecast compared with earlier guidance for between $350 million and $450 million this year. Companies across the oilpatch are slashing capital spending plans as oil prices crash due to the economic slowdown due to COVID-19 and a flood of new oil coming from Saudi Arabia.
Thomson Reuters (TSX:TRI). Up $2.38 or 2.9 per cent to $84.34. Thomson Reuters says it has acquired Pondera Solutions, a technology company focused on detecting improper payments in health plans and government programs. Financial terms of the agreement were not immediately available. Based in Sacramento, Pondera Solutions was founded in 2011 and has an office in Florida. The company uses advanced analytics, artificial intelligence and human intelligence to help detect fraud, waste, and abuse in health care and large government programs.
This report by The Canadian Press was first published March 19, 2020.
The Canadian Press
