TORONTO — Some of the most active companies traded Friday on the Toronto Stock Exchange:
Toronto Stock Exchange (14,620.34, down 160.40 points.)
Bombardier Inc. (TSX:BBD.B). Industrials. Down half a cent, or 1.02 per cent, to 48.5 cents on 26.9 million shares.
StageZero Life Sciences Ltd. (TSX:SZLS). Health care. Up half a cent, or four per cent, to 13 cents on 16.2 million shares.
Cenovus Energy Inc. (TSX:CVE). Energy. Down 34 cents, or 6.73 per cent, to $4.71 on 10 million shares.
Manulife Financial Corporation (TSX:MFC). Financials. Down 63 cents, or 3.59 per cent, to $16.90 on 9.6 million shares.
Whitecap Resources Inc. (TSX:WCP). Energy. Down five cents, or 2.73 per cent, to $1.78 on 7.9 million shares.
Enbridge Inc. (TSX:ENB). Energy. Down 64 cents, or 1.5 per cent, to $42.01 on 7.3 million shares.
Companies in the news:
Imperial Oil Ltd. (TSX:IMO). Down 67 cents or three per cent to $21.82. Imperial Oil Ltd. is slowing or deferring maintenance work throughout its operations as it tries to ensure employee safety in the wake of a COVID-19 outbreak that has infected 83 workers at its Kearl oilsands mine in northern Alberta. The Calgary-based company said Friday it will start a planned one-month maintenance shutdown of one of its two production trains at Kearl in a few days and extend it by an extra month to late June or early July to allow more distancing between workers.
Agnico Eagle Mines Ltd. (TSX:AEM). Up $4.85 or six per cent to $86.18. Shares in Agnico Eagle Mines Ltd. gained despite releasing a lower production guidance and reporting a first-quarter loss linked to temporary mine shutdowns to control spread of the COVID-19 pandemic. The Toronto-based gold miner says it expects to produce 1.63 million to 1.73 million ounces this year, down from previous guidance of 1.875 million ounces, mainly due to pandemic impacts at seven of its eight mines. Agnico Eagle reported a net loss of $21.6 million on revenue of $672 million in the three months ended March 31, compared with a gain of $37 million on revenue of $532 million a year earlier.
Restaurant Brands International Inc. (TSX:QSR). Up 76 cents to $68.66. The parent company of Tim Hortons saw daily sales fall by more than 40 per cent in the last two weeks of March as the COVID-19 crisis began to take hold in Canada, but has since regained some momentum as it shifted more restaurants to serving food through delivery. The company, which also owns Burger King and Popeyes, saw system wide sales fall at two of its brands during the first quarter ended March 31. Tim Hortons saw a 9.9 per cent decline in the quarter, while Burger King experienced a three per cent drop. Popeyes saw a 32.3 per cent jump thanks in part to the popularity of its chicken sandwich in the U.S.
Teck Resources Ltd. (TSX:TECK.B). Down 24 cents or two per cent to $12.03. Teck Resources Ltd. is leaving the Canadian Association of Petroleum Producers, an industry organization whose members represent about 80 per cent of Canada's oil and gas production. The move was made as part of a cost-cutting drive, Teck spokesman Chris Stannell said in an email, noting the company's 2019 CAPP membership cost about $135,000. Teck is targeting $1 billion in cost reductions for 2020 — double the figure the resources company proposed in October as it deals with declining commodity prices and an uncertain global outlook. It says it has achieved $375 million in savings since launching the cost-cutting program.
Cameco Corp. (TSX:CCO). Up 58 cents or 4.2 per cent to $14.42. Cameco Corp. says spot uranium prices are up amid the production disruptions caused by the COVID-19 pandemic. The company says the uranium spot price has increased by more than 35 per cent since the company announced the first disruption at its Cigar Lake mine on March 23. The comment came as Cameco reported a first-quarter loss of $19 million or a nickel per share compared with a loss of $18 million or a nickel per share in the same quarter last year. Revenue in the quarter ended March 31 totalled $346 million, up from $298 million.
This report by The Canadian Press was first published May 1, 2020.
The Canadian Press