TORONTO Some of the most active companies listed on the Toronto Stock Exchange on Wednesday:
Toronto Stock Exchange (17,934.74, down 51.06 points.)
Alimentation Couche-Tard Inc. (TSX: ATD.B). Everyday consumer products. Down $ 4.21, or 10.19%, to $ 37.10 on 25.2 million shares.
Aurora Cannabis Inc. (TSX: ACB). Health care. Up 46 cents, or 3.43%, to $ 13.87 on 10.5 million shares.
Trican Well Service Ltd. (TSX: TCW). Energy. Up four cents, or 2.29 percent, to $ 1.79 on 10.4 million shares.
Manulife Financial Corporation (TSX: MFC). Finances. Up 21 cents, or 0.87%, to $ 24.34 on 9.6 million shares.
Aphria Inc. (TSX: APHA). Health care. Up 71 cents, or 5.92 percent, to $ 12.70 on 9.6 million shares.
Dynacert Inc. (TSX: DYA). Industrialists. Up 16 cents, or 27.6%, to 74 cents on 8.6 million shares.
Companies in the news:
Air Canada (TSX: AC). Down 14 cents to $ 22.99. Air Canada is cutting 1,700 jobs and downsizing as the cumulative effects of lockdown restrictions, declining travel demand and new COVID-19 testing rules weigh on the airline industry. The 25% service cut for the first quarter of 2021 will also affect 200 employees of Air Canada’s Express carriers, the company said on Wednesday morning. The move comes five days after rival WestJet Airlines announced that up to 1,000 employees will be laid off, temporarily laid off, placed on unpaid leave or have their hours cut, and that it will cut about 30% of its capacity in February and March and remove 160 domestic departures from its schedule.
Shaw Communications Inc. (TSX: SJR.B). Down six cents to $ 22.52. Shaw Communications Inc. says its fiscal year has got off to a good start despite the continuing impact of the COVID-19 pandemic. According to Executive Chairman and Chief Executive Officer Brad Shaw, the Calgary-based company’s strategy to “grow our wireless business and deliver profitable wired results set new records this quarter.” Shaw said it absorbed a net loss of 15,000 Internet customers as customers increasingly choose faster Internet service. Overall, Shaw reported a profit of $ 163 million in the first quarter, up from $ 162 million in the same quarter a year earlier, as its revenue declined. Revenue totaled $ 1.37 billion, compared to $ 1.38 billion.
Athabasca Oil Corp. (TSX: ATH). Down one cent or 4.3 percent to 22 cents. The Canadian arm of Norwegian oil giant Equinor ASA says it has closed its downtown Calgary office and moved staff to St. John’s, Newfoundland and Labrador, to better focus on operations off the East Coast after selling its stake in the Alberta tar sands in 2017. The Stavanger, Norway-based company, formerly known as Statoil, says the office consolidation will result in an estimated 30 percent reduction in its 120 Canadian employees in St. John’s and Calgary. Equinor sold its Leismer thermal oil sands project and proposed Corner oil sands project to Athabasca Oil Corp. of Calgary in 2017 for $ 435 million in cash plus 100 million Athabasca shares, as well as up to an additional $ 250 million in contingency payments based on future oil prices.
This report by The Canadian Press was first published on January 13, 2021.
The canadian press
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