TORONTO — Some of the most active companies traded Monday on the Toronto Stock Exchange:
Toronto Stock Exchange (22,009.13, up 190.66 points.)
Canadian Natural Resources (TSX:CNQ). Energy. Up $2.37, or 3.1 per cent, to $78.77 on 20.8 million shares.
Suncor Energy Inc. (TSX:SU). Energy. Up $1.75, or 4.5 per cent, to $40.87 on 10.7 million shares.
Cenovus Energy Inc. (TSX:CVE). Energy. Up 91 cents, or 4.7 per cent, to $20.20 on 9.9 million shares.
Baytex Energy Corp. (TSX:BTE). Energy. Up 30 cents, or 5.5 per cent, to $5.74 on 7.2 million shares.
Enbridge Inc. (TSX:ENB). Energy. Up 49 cents, or 0.9 per cent, to $56.95 on 5.6 million shares.
Athabasca Oil Corp. (TSX:ATH). Energy. Up eight cents, or 3.7 per cent, to $2.26 on 5.5 million shares.
Companies in the news:
Canadian Pacific Railway Ltd. (TSX:CP). Up 72 cents to $101.17. If the work stoppage at Canadian Pacific Railway Ltd. doesn't end soon, southern Alberta feedlot operator James Bekkering says he and many of his counterparts will be facing a serious situation. Due to last summer's drought that dried up pastures across the Prairie province, western Canadian cattle producers have been dependent this winter on CP Rail shipments of imported corn from the U.S. to feed their animals. If the work stoppage at the Calgary-based railway doesn't end soon, Bekkering said he and many others will be out of livestock feed within one to three weeks. Bekkering and many other customers of CP Rail called on the federal government Monday to introduce back-to-work legislation as a work stoppage at the railway continued into its second day. Approximately 3,000 conductors, engineers and train and yard workers with CP Rail were off the job over the weekend. The company and the union representing the workers, the Teamsters Canada Rail Conference, both blamed each other for causing the work stoppage, though both also said they were still talking with federal mediators.
Barrick Gold Corp. (TSX:ABX). Up 59 cents or two per cent to $30.59. Barrick Gold Corp. has signed an agreement in principle to restart work on its Reko Diq project in Pakistan's Balochistan province. The project was suspended in 2011 due to a dispute over the legality of its licensing process. The Toronto-based gold miner says the reconstituted project will be held 50 per cent by Barrick and 50 per cent by stakeholders in Pakistan, including a 10 per cent free-carried, non-contributing share held by the government in Balochistan, a 15 per cent stake held by a special purpose company owned by the government in Balochistan and a 25 interest owned by other federal state-owned enterprises. The company says a separate agreement allows the replacement of Antofagasta PLC, Barrick’s partner in the project, by the Pakistani parties. Barrick will be the operator of the project, which will be granted a mining lease, exploration licence, surface rights and a mineral agreement. Barrick chief executive Mark Bristow calls the agreement an important step toward the development and operation of Reko Diq.
This report by The Canadian Press was first published March 21, 2022.
The Canadian Press
