TORONTO — Some of the most active companies traded Monday on the Toronto Stock Exchange:
Toronto Stock Exchange (20,157.65, up 19.30 points.)
Canadian Natural Resources (TSX:CNQ). Energy. Up 28 cents, or 0.62 per cent, to $45.53 on 28.5 million shares.
Enbridge Inc. (TSX:ENB). Energy. Up $1.16, or 2.4 per cent, to $49.43 on 17 million shares.
BCE Inc. (TSX:BCE). Telecommunications. Down 89 cents, or 1.44 per cent, to $60.77 on 13.1 million shares.
Manulife Financial Corp. (TSX:MFC). Financials. Down 15 cents, or 0.61 per cent, to $24.59 on 12.9 million shares.
Suncor Energy Inc. (TSX:SU). Energy. Up 26 cents, or 0.86 per cent, to $30.63 on 9.7 million shares.
Cenovus Energy Inc. (TSX:CVE). Energy. Up two cents, or 0.17 per cent, to $12.17 on nine million shares.
Companies in the news:
Air Canada (TSX:AC). Down 21 cents to $28.34. Air Canada has announced a list of new international routes that will be a part of its cargo service expansion this fall. The Canadian airline said Monday the cargo-only trips will primarily fly out of Toronto starting in October and connect the city to Miami; Quito, Ecuador; Lima, Peru; and Mexico City. The new flights will also mark Air Canada's first cargo trips to Guadalajara, Mexico. The company said last year it would convert several of its retired Boeing 767 passenger aircraft into freighters as a part of its cargo strategy. Halifax, St. John’s, N.L., Madrid and Frankfurt will be added to the cargo destination list by early 2022 as more freighters enter service, the airline said. The new freighters will improve its ability to transport goods including automotive and aerospace parts, oil and gas equipment, perishables, pharmaceuticals and other goods. Air Canada spokesperson Kevin Mio said in an emailed statement on Monday the cargo arm of the airline has operated more than 9,000 cargo-only flights since entering the sector in March 2020. RBC Capital Markets analyst Walter Spracklin said in a note to investors the firm believes the recent announcement will allow Air Canada to take advantage of a growing shift in international air cargo.
Hexo Corp. (TSX:HEXO). Down 52 cents or 6.5 per cent to $7.50. Hexo Corp. reported a loss of $20.7 million in its latest quarter compared with a loss of $19.5 million in the same quarter last year. The cannabis company says the loss amounted to 17 cents per diluted share for the quarter ended April 30 compared with a loss of 26 cents per diluted share a year earlier when it had fewer shares outstanding. Net revenue totalled $22.7 million, up from $22.1 million in the same quarter last year. Hexo has made a series of acquisitions this year in a bid to grow market share. Last month, Hexo announced an agreement to buy cannabis producer Redecan for $925 million in cash and shares as well as another deal to buy 48North Cannabis Corp. for $50 million. In February, it said it would spend $235 million to buy Zenabis Global Inc. and its Namaste, Re-Up, Blazery and Founders Reserve brands.
Recipe Unlimited Corp. (TSX:RECP). Down 17 cents to $22.17. Recipe Unlimited Corp. says it has signed a deal to sell its Milestones chain of restaurants to Quebec-based Foodtastic Inc. Financial terms of the deal were not immediately available. Recipe chief executive Frank Hennessey says the deal helps the company further rationalize its portfolio to focus on large brands. The company's banners include Swiss Chalet, Harvey's, St-Hubert, the Keg, Montana's, Kelsey's, East Side Mario's and New York Fries. Foodtastic, a franchisor of multiple restaurant brands, bought the Second Cup Coffee Co. chain from Aegis Brands Inc. earlier this year. Some of its other restaurant brands include Au Coq, La Belle et La Boeuf, Monza, Carlos & Pepe's, Souvlaki Bar and Nickels.
This report by The Canadian Press was first published June 14, 2021.
The Canadian Press