Air Canada Stock – Most actively traded companies on the Toronto Stock Exchange
TORONTO Some of the most active companies trading on the Toronto Stock Exchange Monday: Toronto Stock Exchange (20,157.65, up 19.30 points.) Canadian Natural Resources (TSX:CNQ). Energy. Up 28 cents, or 0.62 percent, to $45.53 on 28.
TORONTO Some of the most active companies trading on the Toronto Stock Exchange on Monday:
Toronto Stock Exchange (20,157.65, up 19.30 points.)
Canadian Natural Resources (TSX:CNQ). Energy. Up 28 cents, or 0.62 percent, to $45.53 on 28.5 million shares.
Enbridge Inc. (TSX:ENB). Energy. Up $1.16, or 2.4 percent, to $49.43 on 17 million shares.
BCE Inc. (TSX:BCE). Telecommunications. Down 89 cents, or 1.44 percent, to $60.77 on 13.1 million shares.
Manulife Financial Corp. (TSX:MFC). Finance. Down 15 cents, or 0.61 percent, to $24.59 on 12.9 million shares.
Suncor Energy Inc. (TSX:SU). Energy. Up 26 cents, or 0.86 percent, to $30.63 on 9.7 million shares.
Cenovus Energy Inc. (TSX:CVE). Energy. Two cents, or 0.17 percent, rose to $12.17 on nine million shares.
Companies in the news:
Air Canada (TSX:AC). 21 cents dropped to $28.34. Air Canada has announced a list of new international routes that will be part of its cargo service expansion this fall. The Canadian airline said Monday that from October, freight-only trips will primarily fly from Toronto, connecting the city to Miami; Quito, Ecuador; Lima, Peru; and Mexico City. The new flights also mark Air Canada’s first cargo trips to Guadalajara, Mexico. The company said last year it would convert some of its retired Boeing 767 passenger jets into freighters as part of its cargo strategy. Halifax, St. Johns, NL, Madrid and Frankfurt will be added to the cargo destination list in early 2022 as more cargo ships enter service, the airline said. The new cargo ships will improve the ability to carry goods, including automotive and aerospace parts, oil and gas equipment, perishables, pharmaceuticals and other goods. Air Canada spokesman Kevin Mio said in an emailed statement Monday that the airline’s cargo arm has operated more than 9,000 cargo flights since entering the sector in March 2020. RBC Capital Markets analyst Walter Spracklin said in a note to investors that the company believes the recent announcement will allow Air Canada to capitalize on a growing shift in international air freight.
Hexo Corp. (TSX:HEXO). Down 52 cents or 6.5 percent to $7.50. Hexo Corp. reported a loss of $20.7 million in the last quarter, compared to a loss of $19.5 million in the year-ago quarter. The cannabis company says the loss was 17 cents per diluted share for the quarter ended April 30, compared to a loss of 26 cents per diluted share a year earlier when it had fewer shares outstanding. Net sales were $22.7 million, compared to $22.1 million in the prior year quarter. Hexo has made a series of acquisitions this year in an effort to increase its market share. Last month, Hexo announced an agreement to buy cannabis producer Redecan for $925 million in cash and stock, as well as another deal to buy 48North Cannabis Corp. to buy for $50 million. In February, it said it would spend $235 million to buy Zenabis Global Inc. and buy its Namaste, Re-Up, Blazery and Founders Reserve brands.
Recipe Unlimited Corp. (TSX:RECP). 17 cents down to $22.17. Recipe Unlimited Corp. says it has signed a deal to sell its Milestones restaurant chain to Quebec-based Foodtastic Inc. The financial terms of the deal were not immediately available. Prescription CEO Frank Hennessey says the deal will help the company further rationalize its portfolio to focus on big brands. Company 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 earlier this year. from Aegis Brands Inc. Some of the other restaurant brands include Au Coq, La Belle et La Boeuf, Monza, Carlos & Pepe’s, Souvlaki Bar, and Nickels.
This report from The Canadian Press was first published on June 14, 2021.
The Canadian Press