TORONTO – Some of the most active companies are listed on the Toronto Stock Exchange on Wednesday:
Suncor Energy Inc. (TSX: SU). Energy. Up 14 cents, or 0.7 percent, to $ 20.11 on 12.5 million shares.
Bombardier Inc. (TSX: BBD.B). Industrialists. Up to one cent, or 3.33 percent, to 31 cents on 11.7 million shares.
Trevali Mining Corp. (TSX: TV). Materials. Up 3.5 cents, or 20.59%, to 20.5 cents on 9 million shares.
Manulife Financial Corporation (TSX: MFC). Finances. Down five cents, or 0.23%, to $ 21.80 on 8.4 million shares.
Air Canada (TSX: AC). Industrialists. Up 83 cents, or four percent, to $ 21.60 on 8.4 million shares.
Enbridge Inc. (TSX: ENB). Energy. Down 81 cents, or 2.08%, to $ 38.09 on 7.6 million shares.
Canfor Corp. (TSX: CFP). Up to two cents to $ 17.68. The CEO of wood pellet maker Peak Renewables said agreements to purchase forest tenure and plant assets in the Fort Nelson area of northeastern British Columbia from Canfor Corp . are part of its plan to build a new pellet plant of 600,000 tonnes per year. Canfor announced Tuesday that it has sold its forest tenure in the region as part of a $ 30 million multi-year deal with Peak that requires provincial government approval to move forward. Peak also bought the PolarBoard oriented strand board plant and Tackama’s plywood plant in the city earlier this year for around $ 10 million, the company confirmed. The factories were closed in 2008. In an interview, Peak CEO Brian Baarda said the company is working to involve the Fort Nelson First Nation as an equity partner in the proposed pellet plant. .
Metro Inc. (TSX: MRU). Down $ 1.59 or 2.6% to $ 60. Metro Inc., one of the nation’s three largest grocery retailers, is ramping up its push towards online food ordering and door-to-door delivery, as e-commerce grocery sales continue to exceed expectations. The Montreal-based company, which includes the eponymous grocery chain, announced Wednesday the opening of a store dedicated to online grocery orders with home delivery to serve Montreal next summer. It also increases the number of Metro stores that offer a pick-per-click service or purchase in-store pickup online, from the expected 40 to more than 100 by next fall. The announcement comes as the retailer said its fourth-quarter profit rose more than 10% from a year ago, with its online grocery sales increasing 160%.
Rogers Communications Inc. (TSX: RCI.B). Down $ 1.05 or 1.7% to $ 59.34. Rogers Sports and Media is canceling Breakfast Television shows in Calgary and Vancouver, making adjustments to some local radio operations and laying off an unknown number of employees. A statement from the Toronto-based company says a small percentage of its staff across the country will be made redundant. He says the Breakfast Television brand will remain and that a new version of the morning show will air on six Citytv stations starting in the new year. He also says there will be programming changes at some radio stations, but listeners will continue to hear local news and the stations will continue to support community events. Rogers Sports and Media, a wholly owned subsidiary of Rogers Communications Inc., owns 56 radio stations and seven television stations, according to its website.
Enbridge Inc. Consumers in the Markham area of southern Ontario will soon be receiving some hydrogen to accompany the natural gas they use to power their heaters and water heaters. Enbridge Gas and its partner Cummins Inc. say they will undertake a $ 5.2 million pilot project next year to mix hydrogen from their Markham facility with part of the existing natural gas network. The facility, commissioned in 2018, uses excess renewable electricity from the Ontario grid to make hydrogen from water and store it. The combustion of hydrogen produces only water without any greenhouse gases. Enbridge Gas, a subsidiary of Enbridge Inc. of Calgary, says the project was approved in October by the Ontario Energy Board. It says it will initially deliver a maximum hydrogen content of up to 2% of the natural gas stream supplied to approximately 3,600 customers in Markham in the third quarter.
BCE Inc. (TSX: BCE). Down 12 cents to $ 56.65. Bell Media has made a minority investment in Grande Studios in a partnership that they believe will increase resources for the creation and production of French-language content in Quebec. Financial terms of the deal were not disclosed. Grande Studios offers production facilities, cameras and rental of lighting equipment in Montreal and Toronto. She also provides technical services to the television and film production industry and is currently working on Moonfall, a science fiction film shot in Montreal. Grande Studios has also provided installations for several Bell Media productions, including La Semaine des 4 Julie and the film Crave The Song of Names. Bell Media is part of BCE Bell Canada, the country’s largest telecommunications company. Its holdings include the CTV television network, specialty television channels, radio stations and production studios.
This report by The Canadian Press was first published on November 18, 2020.
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