TORONTO — Some of the most active companies traded Wednesday on the Toronto Stock Exchange:
Toronto Stock Exchange (14,503.21, down 377.95 points.)
Bombardier Inc. (TSX:BBD.B). Industrials. Down one cent, or 2.3 per cent, to 42.5 cents on 11.5 million shares.
Manulife Financial Corp. (TSX:MFC). Financials. Down 70 cents, or 4.13 per cent, to $16.24 on 9.1 million shares.
Canadian Natural Resources Ltd. (TSX:CNQ). Energy. Down $1, or 4.22 per cent, to $22.68 on 9 million shares.
Husky Energy Inc. (TSX:HSE). Energy. Down 39 cents, or 9.65 per cent, to $3.65 on 8.15 million shares.
Enbridge Inc. (TSX:ENB). Energy. Down $1.32, or 2.91 per cent, to $44.04 on 7.9 million shares.
Cenovus Energy Inc. (TSX:CVE). Energy. Down 37 cents, or 6.97 per cent, to 37 cents on 7.9 million shares.
Companies in the news:
Aimia Inc. (TSX:AIM). Up 31 cents or 13.2 per cent to $2.65. Aimia Inc. made its biggest move yet under its new strategy as an investment holding firm, scooping up a 10 per cent stake in one of China's largest outdoor advertising firms. The Montreal-based company announced Tuesday it has invested about $75 million in Clear Media Ltd. as it seeks to transition away from rewards programs and spend the proceeds of its $516-million sale of Aeroplan to Air Canada last year. The investment follows a decision to spin off its loyalty points business — which lost $27.1 million last quarter — in a merger with Kognitiv Corporation unveiled on April 29, when Aimia also overhauled its board and replaced its CEO after a tumultuous year of shareholder unrest and litigation.
Quebecor Inc. (TSX:QBR.B). Up seven cents to $28.87. Three months after selling his stake, Cirque du Soleil's founder is considering the possibility of getting involved in the rescue of the entertainment company that's been greatly weakened by the COVID-19 global pandemic. In an open letter sent on Wednesday, Guy Laliberte says the future of the acrobatic troupe will depend on patient investors who will resist the temptation to reopen too quickly. Quebecor Inc. has expressed an interest in Cirque du Soleil and is ready to inject hundreds of millions of dollar despite not having access to the cirque's books.
Canadian Natural Resources Ltd. — Prime Minister Justin Trudeau says news that one of the world's largest investment funds will exclude four Canadian oilsands producers from consideration for investing is part of a continuing shift in global attitudes for which oil companies will have to adjust. On Wednesday, Norges Bank Investment Management, which manages Norway's sovereign wealth fund, announced it would stop investing in Calgary-based Canadian Natural Resources Ltd., Cenovus Energy Inc., Suncor Energy Inc. and Imperial Oil Ltd. after concluding they produce unacceptable levels of greenhouse gas emissions. It also excluded three other non-Canadian companies, two over environmental concerns and one for human rights reasons. It said its holdings in all of the companies have been sold.
This report by The Canadian Press was first published May 13, 2020.
The Canadian Press
