TORONTO Some of the most active companies listed on the Toronto Stock Exchange on Tuesday:
Toronto Stock Exchange (16,431.27, up 71.13 points.)
Suncor Energy Inc. (TSX: SU). Energy. Down 20 cents, or 1.12%, to $ 17.62 on 10.2 million shares.
Canadian Natural Resources (TSX: CNQ). Down 22 cents, or 0.93 percent, to $ 23.56 on 10 million shares.
Toronto-Dominion Bank. (TSX: TD). Finances. Down 17 cents, or 0.27%, to $ 63.21 on 5.9 million shares.
Enbridge Inc. (TSX: ENB). Energy. Up nine cents, or 0.22%, to $ 40.81 on 5.9 million shares.
Algonquin Power & Utilities. (TSX: AQN). Utilities. Up 21 cents, or 1.13%, to $ 18.77 on 4.9 million shares.
Kinross Gold Corp. (TSX: K). Materials. Up four cents, or 0.33%, to $ 12.26 on 4.5 million shares.
Companies in the news:
Rogers Communications Inc. (TSX: RCI.B). Up 62 cents or 1.2 percent to $ 53.88. The CEO of Rogers Communications says his plans for Ontario and Quebec will be decided by the possibility of buying the Canadian arm of Cogeco Communications. Rogers CEO Joe Natale says his team is looking at where to invest in each province as the communications industry goes through a unique technology cycle in a generation. Natale will not detail how Rogers and its partner Altice USA Inc. will respond to the Audet family’s rejection of a hostile $ 10.3 billion bid for their controlling stake in Cogeco. But Natale says now is the right time in the evolution of the industry for Rogers to add Cogeco’s cable and Internet business to serve Canada’s two largest provinces.
Cenovus Energy Inc. (TSX: CVE). Unchanged at $ 5.40. A year after construction was cleared to restart on the Trans Mountain pipeline extension, its general manager said the project was on budget and was due for completion by the end of 2022. The project is progressing as planned despite challenges, including the COVID-19 pandemic, a global drop in demand for fuel, a $ 5.2 billion increase in its estimated cost to $ 12.6 billion in February and continued protests from opponents, the CEO Ian Anderson in an interview. The expansion project aims to triple the capacity of the existing pipeline between Edmonton and a shipping terminal in Burnaby, British Columbia, to approximately 890,000 barrels per day of product, including diluted bitumen, lighter crudes and refined fuels like gasoline. Calgary-based Cenovus Energy Inc. used Trans Mountain this summer to collect oil from Alberta to fill a tanker in Burnaby and ship it through the Panama Canal to an Irving Oil refinery in the across the country in Saint John.
Loblaw Companies Ltd. (TSX: L). Up to 40 cents at $ 68.66. Loblaw Companies Ltd. is spending $ 75 million on a minority stake in telemedicine firm Maple Corp., which helps connect people with doctors and medical specialists using smartphones or computers. The company said on Tuesday that the investment would be made through its subsidiary Shoppers Drug Mart Inc. Shoppers Drug Mart President Jeff Leger said the COVID-19 pandemic has shown Canadians need new ways, including particular virtual, to access care. Shoppers Drug Mart is already working with Maple and its virtual skincare is available at over 160 Shoppers Drug Mart locations in British Columbia.
Ivanhoe Mines Ltd. (TSX: IVN). Up to three cents to $ 5.96. Vancouver-based Ivanhoe Mines Ltd. reports that at least two people were killed in an accident at its Platreef mine development project in South Africa. He says preliminary information indicates that a “kibble bucket” commonly used to transport water, ore or waste to the surface has fallen into shaft 1 of the palladium-platinum-nickel-copper mine. rhodium-gold, striking the north side of the mine. Platform. It says two of the four platform workers carrying out routine water pumping activities died, another is missing and a fourth was injured and taken to hospital in Johannesburg. Ivanhoe indirectly owns 64% of the mine through its subsidiary, Ivanplats, and directs all mine development work.
Aimia Inc. Up 16 cents or 4.2% to $ 3.99. Aimia Inc. supported declining results in the last quarter through its stakes in airline loyalty programs, which generated profits despite the travel industry near collapse amid the COVID-19 pandemic. Net income fell by more than two-thirds in the second quarter as Aimia began to roll out its new strategy as an investment firm, supported by the proceeds from its $ 516 million sale of Aeroplan to Air Canada on last year after stepping away from managing loyalty programs. Aimia’s 48.9% stake in PLM, which manages Aeromexico’s Club Premier rewards program, and AirAsia’s Big Loyalty program operator Biglife’s 20% stake, represented a profit of $ 25.8 million. In June, Aimia reached an agreement to sell its money-losing loyalty solutions business as part of a merger with technology company Kognitiv Corporation, based in Waterloo, Ont.
This report by The Canadian Press was first published on September 15, 2020.