TORONTO — Some of the most active companies traded Monday on the Toronto Stock Exchange:
Toronto Stock Exchange (20,463.42, up 60.76 points.)
TC Energy Corp. (TSX:TRP). Energy. Up 80 cents, or 1.27 per cent, to $63.68 on 17.2 million shares.
Suncor Energy Inc. (TSX:SU). Energy. Up 92 cents, or 3.6 per cent, to $26.51 on 10.6 million shares.
Cenovus Energy Inc. (TSX:CVE). Energy. Up 40 cents, or 3.3 per cent, to $12.52 on 9.9 million shares.
Bombardier Inc. (TSX:BBD.B). Industrials. Up five cents, or 2.48 per cent, to $2.07 on 9.6 million shares.
Baytex Energy Corp. (TSX:BTE). Energy. Up 25 cents, or 7.89 per cent, to $3.42 on 9.2 million shares.
Power Corp. of Canada. (TSX:POW). Financials. Up 12 cents, or 0.29 per cent, to $41.93 on 9.2 million shares.
Companies in the news:
Aurora Cannabis Inc. (TSX:ACB). Up 53 cents or seven per cent to $8.08. Aurora Cannabis Inc. blamed COVID-19 lockdowns for a 45 per cent plunge in consumer sales that it experienced as it continued to restructure its operations in its fourth quarter. The Edmonton-based cannabis company said the health crisis pushed its net revenue from consumer sales to $19.5 million for the three months ended June 30, down from $35.3 million in the fourth quarter of 2020. But that didn't appear to have the company's executives worried. CEO Miguel Martin said Canadian recreational cannabis sales will come back and that timeline won't impede the company's strategic or financial progress. Aurora has been going through a transformation for the last year and has already encompassed several sizable reductions of Aurora's workforce and the shutdown of many facilities. Aurora announced said its medical cannabis net revenue was $35 million, up from $32 million in the fourth quarter of 2020. Aurora reported a net loss of $135.1 million, compared with a net loss of $1.86 billion a year earlier. On an adjusted basis, it lost $19.3 million, compared with a loss of $33.3 million in the same quarter the year before.
CIBC (TSX:CM). Down 17 cents to $145.67. CIBC has hired former Liberal cabinet minister Navdeep Bains as vice-chair of global investment banking. Bains stepped down as innovation minister in January and did not run in the recent federal election. He officially joins the bank Oct. 4. CIBC says Bains will focus on developing and fostering senior-level client relationships and business development globally as part of its capital markets team. Bains joins former Conservative cabinet minister Lisa Raitt, who was hired by CIBC in January 2020 as vice-chair of global investment banking. CIBC says together with Raitt that the bank's senior advisory team will offer unparalleled insights into public and industrial policy issues.
Ritchie Bros. Auctioneers. (TSX:RBA). Up nine cents to $78.52. Ritchie Bros. Auctioneers says it has signed a deal to buy U.S. company SmartEquip for US$175 million. SmartEquip helps customers with spare parts purchasing and real-time service and diagnostic support for equipment. Ritchie Bros. says the deal helps further its strategy to move beyond being a traditional auctioneer of used heavy equipment. CEO Ann Fandozzi says SmartEquip will allow the company to offer asset-specific parts and service support on behalf of its dealer and OEM partners. The deal is subject to customary closing conditions. Ritchie Bros. says SmartEquip has 60 employees and will continue to operate as a stand-alone business and maintain its physical presence in Norwalk, Conn.
This report by The Canadian Press was first published Sept. 27, 2021.
The Canadian Press