Most actively traded companies on the Toronto Stock Exchange

TORONTO Some of the most active companies trading on the Toronto Stock Exchange on Monday:

Toronto Stock Exchange (20,164.96, down 23.47 points.)

Brookfield Property Partners LP. (TSX:BPY.UN). Property. Down $0.15, or 0.64 percent, to $23.29 on 15.6 million shares.

CAE Inc. (TSX:CAE). Industrial. Down $0.71 or 1.8 percent to $38.29 on 11.1 million shares.

Enbridge Inc. (TSX:ENB). Energy. An increase of $0.02, or 0.04 percent, to $48.82 on 7.5 million shares.

Bank of Montreal (TSX:BMO). Finance. Up $0.86, or 0.69 percent, to $125.33 on 5.9 million shares.

Royal Bank of Canada (TSX:RY). Finance. Up $0.54, or 0.43 percent, to $125.86 on 5.5 million shares.

Toronto-Dominion Bank (The). (TSX:TD). Finance. An increase of $0.01, or 0.01 percent, to $82.69 on 4.3 million shares.

Companies in the news:

Pembina Pipeline Corp. (TSX:PPL) $1.63 or 4.14 percent up to $41.03 Pembina Pipeline Corp. will receive a break fee of $350 million following the termination of the acquisition of Inter Pipeline Ltd. The move comes after the Inter Pipeline board announced it would no longer recommend shareholders support the deal after rival Brookfield Infrastructure Partners LP raised its hostile takeover bid for Calgary-based Inter Pipeline. Pembina CEO Mick Dilger said he was disappointed with the result. Inter Pipeline had opposed Brookfield’s offer after signing a friendly deal for all the shares that Pembina would buy. Under that agreement, shareholders would have received half a Pembina share for each Inter Pipeline share they own. Prominent shareholder advisory firm ISS advised that Inter Pipeline investors reject the company’s proposed sale to Pembina and instead support Brookfield’s acquisition after Inter Pipeline’s largest shareholder raised its offer to $16 billion, including debt.

MDA Ltd. (TSX:MDA) Drop of $0.35 or 2.21 percent to $15.50 The Canadian Space Agency has awarded a $35.3 million contract to MDA Ltd. to design a key part of Canadarm 3. The money will be used to design Gateway External Robotics interfaces or grippers for Canadarm 3, the Canadian contributor to the United States-run Lunar Gateway, a small space station that will orbit the moon. The contract is a follow-up to the first phase of interface work awarded in August 2019. A construction phase will probably be awarded in about a year. The first elements of Gateway will be launched in 2024, with Canadarm 3 planned for two years later. The contract is the third contract awarded to MDA for the multi-phase Canadarm 3 program valued at more than $1 billion. Canadarm flew on 90 space shuttle missions after its debut in 1981. Canadarm 2 has been operating on the International Space Station for more than 20 years.

Bombardier. (TSX:BBD.B). $0.04 or 2.7 percent down to $1.44 The union representing Bombardier and De Havilland aerospace workers in Toronto is threatening a strike this week unless negotiations can guarantee Dash 8 turboprop jobs in the GTA stay. After a three-week cooling-off period, separate talks were set to resume on Sunday ahead of Tuesday’s strike deadline. About 2,200 members of Unifor Local 112 and Local 673 at Toronto’s Downsview plant manufacture Bombardier’s Global corporate jets and, until recently, the Dash 8 turboprops for De Havilland Canada. The labor negotiations come at a time when the airline industry is taking small steps to recover from the government’s forced suspension of international commercial travel due to COVID-19. With the COVID-19 pandemic taking a bite out of aircraft sales, hundreds of airline workers have been laid off as production of the Dash 8 is halted. The regional jet is used by airlines such as WestJet, Porter and Jazz.

This report from The Canadian Press was first published on July 26, 2021.

royalty Battlefords News Optimist