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 (20,594.97, down 49.67 points.)

Suncor Energy Inc. (TSX:SU). Energy. Down 30 cents, or 1.24 percent, to $23.90 on 20 million shares.

Canadian Natural Resources (TSX:CNQ). Energy. Down 34 cents, or 0.8 percent, to $42.08 on 13.3 million shares.

Nevada Copper Corp. (TSX:NCU). materials. Half a cent, or 5.26 percent, fell to nine cents on 12 million shares.

Bombardier Inc. (TSX:BBD.B). Industrial. Five cents, or 2.98 percent, rose to $1.73 on 6.5 million shares.

Sun Life Financial Inc. (TSX:SLF). Finance. Down 51 cents, or 0.78 percent, to $65.18 on 5.9 million shares.

Manulife Financial Corp. (TSX:MFC). Finance. 47 cents, or 1.87 percent, fell to $24.63 on 4.7 million shares.

Companies in the news:

Quebecor Inc. (TSX:QBR.B). Five cents up to $31.57. BCE Inc. and Telus Corp. Ask the Federal Court for the Purchase of 5G Spectrum by Quebecor Inc. in Western Canada because the company did not meet the requirements to bid on ether there. The court challenges come after an auction of key 5G spectrum by Innovation, Science and Economic Development Canada this summer. The companies said Quebecor subsidiary Videotron could purchase spectrum reserved for smaller carriers in Manitoba, Alberta and British Columbia, giving it access to airwaves at a lower price than Canada’s largest carriers. Bell said the set-aside spectrum for smaller carriers is only eligible for companies that have pre-existing operations in the jurisdiction, arguing that Quebecor does not have a presence in those provinces. Telus and Bell ask the court to block the purchase of Quebecor and the government to hold the auction again. However, Quebecor CEO Pierre Karl Pladeau said his company qualifies because its subsidiary Fibrenoire Inc. provides business services in several provinces outside of Quebec. Telus acknowledged Fibrenoire’s services in its lawsuit, but said the company focuses on providing services in Ontario and Quebec.

Intact Financial Corp. (TSX:IFC). 81 cents dropped to $172.49. Ontario’s Superior Court of Justice has certified a class-action lawsuit against 14 insurance companies that rejected business interruption claims related to COVID-19. Launched by several small businesses, including a costume shop, smoothie shop and dance studio, the class action claims businesses across Canada have suffered billions of dollars in losses after being forced to close due to the pandemic. To be part of the class action, a company must have filed a business interruption claim with one of the defendants for business losses related to the virus specifically affecting their premises by August 31, or on the orders of a civil authority. According to court documents, insurance companies, including the Co-operators General Insurance Company and Intact Financial Corp. Business interruption claims rejected in part because coverage requires physical loss or damage to the property, which they claim the presence of a virus on the property and government orders restricting those activities do not count. The class action certified on August 20 by Justice Edward Belobaba against the group of insurers is separate from other class-action lawsuits certified last month against the Canadian subsidiary of UK-based Aviva plc.

This report from The Canadian Press was first published on August 30, 2021.