Most actively traded companies on the Toronto Stock Exchange | National affairs

TORONTO – Some of the most active companies that traded on the Toronto Stock Exchange on Friday:

Toronto Stock Exchange (21,555.03, down 82.51 points.)

Manulife Financial Corp. (TSX:MFC). finances. Down 54 cents, or 2.16 percent, to $24.43 on 11.8 million shares.

Suncor Energy Inc. (TSX:SU). Energy. 63 cents, or 1.95 percent, fell to $31.67 on 9.1 million shares.

Cenovus Energy Inc. (TSX:CVE). Energy. Down 75 cents, or 4.66 percent, to $15.34 on seven million shares.

Enbridge Inc. (TSX:ENB). Energy. Down 20 cents, or 0.4 percent, to $50.27 on seven million shares.

Crescent Point Energy Corp. (TSX:CPG). Energy. Down 27 cents, or 4.63 percent, to $5.56 on 6.5 million shares.

Baytex Energy Corp. (TSX:BTE). Energy. Down 24 cents, or 5.93 percent, to $3.81 on six million shares.

Companies in the news:

Canadian Pacific Railway Ltd. (TSX:CP). 54 cents down to $94.71. Canadian Pacific Railway Ltd. says it plans to restore service to faded tracks in southern British Columbia by mid-week after torrential rains and mudslides brought rail traffic to a halt. The rail company says crews are working around the clock to repair damaged infrastructure on the CP corridor between Vancouver and Kamloops, with about 20 sections cleared or repaired so far. Canadian National Railway Co. said it expects the repair work to continue “at least until next week.” Since Sunday, rail disruptions have hampered freight traffic to and from the country’s largest port in Vancouver, while tight global supply chains are causing lingering shortages. The Vancouver Fraser Port Authority said this week there is currently no train traffic between Vancouver and Kamloops, including on CN lines. However, the port at Prince Rupert has said it will not be affected by the weather, with landslides and flooding wiping out parts of the highway and flooding parts of Abbotsford and other towns. CP says it is working with provincial authorities to coordinate the delivery of critical materials, equipment, food and fuel, including efforts to restore faded highways in conjunction with the Ministry of Transport.

Air Canada (TSX:AC). Down 59 cents or 2.4 percent to $23.55. Air Canada is withdrawing from further federal aid after borrowing more than $1 billion to repay customers whose flights were canceled during the COVID-19 pandemic, the company said Friday. While Ottawa will retain an equity stake in the airline, Air Canada’s exit from the billion-dollar bailout agreement marks “another compelling sign of our progress” and liquidity, CEO Michael Rousseau said in a press release. The airline reached a $5.9 billion deal with Ottawa in April for an aid package that would make loans available to the airline, but also required commitments to cap driver compensation to $1 million and restore service to regional airports. About 58 percent of eligible customers requested reimbursement, including some that were not covered by the federal loan. The rest opted for flight credits, according to Air Canada. The aid package also saw the federal government buy $500 million in Air Canada stock for a six percent stake in Canada’s largest airline that Ottawa still owns.

Canopy Growth Corp. (TSX:WEED). 15 cents down to $15.41. Canopy Growth Corp. says Chief Financial Officer Mike Lee and Chief Product Officer Rade Kovacevic will leave the company at the end of the year. In the meantime, the cannabis company says the couple will serve as advisors to support the transition. Canopy Growth says it has begun a search for replacements for both jobs. Judy Hong has been named interim chief financial officer, while Tara Rozalowsky has been named interim chief product officer. Hong joined Canopy Growth in 2019 as Vice President of Investor Relations and Competitive Intelligence, after more than 20 years at Goldman Sachs. Rozalowsky has served as vice president of beverages and edibles at Canopy Growth.

AirTransat (TSX:TRZ). Seven cents or 1.4 percent up to $5.04. Air Transat and WestJet have agreed to work together on a codeshare agreement for transatlantic travel. The deal will allow travelers to book flights to Europe involving both airlines on a single ticket with checked baggage. Under the agreement, WestJet’s code will be placed on Air Transat flights to select cities in Europe, while Air Transat’s code will be placed on select WestJet flights in North America. The agreement is expected to be implemented early next year, subject to regulatory approval. The settlement comes as airlines look to rebuild after the pandemic has devastated the travel industry. Earlier this year, a deal whereby Air Canada would have acquired Air Transat’s parent company, Transat AT, was canceled after the European Commission indicated it was not ready to approve the transaction.

This report from The Canadian Press was first published on November 19, 2021.

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