TORONTO — Some of the most active companies traded Tuesday on the Toronto Stock Exchange:
Toronto Stock Exchange (22,074.35, up 65.22 points.)
Canadian Natural Resources (TSX:CNQ). Energy. Down $1.16, or 1.5 per cent, to $77.61 on 16 million shares.
Cenovus Energy Inc. (TSX:CVE). Energy. Down 14 cents, or 0.7 per cent, to $20.06 on 8.7 million shares.
Manulife Financial Corp. (TSX:MFC). Financials. Up 46 cents, or 1.8 per cent, to $26.34 on 7.8 million shares.
TC Energy Corp. (TSX:TRP). Energy. Down 18 cents, or 0.3 per cent, to $70.37 on 6.8 million shares.
Bank of Nova Scotia (TSX:BNS). Financials. Up 91 cents, or one per cent, to $93.73 on 6.6 million shares.
Crescent Point Energy Corp. (TSX:CPG). Energy. Up four cents, or 0.4 per cent, to $9.22 on 6.4 million shares.
Companies in the news:
Canadian Pacific Railway Ltd. (TSX:CP). Up $1.63 or 1.6 per cent to $102.80. Canadian Pacific Railway Ltd. rail employees are back on the job, but one labour relations expert says it could take weeks before matters are settled between the country's second-largest railway and the union representing 3,000 conductors, engineers, train and yard workers. CP Rail and Teamsters Canada Rail Conference announced early Tuesday that they have agreed to final and binding arbitration to end a work stoppage that began on the weekend. Robert Hickey, a labour and employment professor at Queen's University, said CP Rail is well aware of the importance and need to manage labour relations and bring the dispute to a quick settlement, as it waits for approval from a U.S. regulator on its merger with U.S. railway Kansas City Southern. In a statement early Tuesday morning, Teamsters Canada Rail Conference spokesperson Dave Fulton said while binding arbitration was not the preferred method, the union was able to negotiate terms and conditions that were in the best interest of its members, with wages and pensions still stumbling blocks.
Quarterhill Inc. (TSX:QTRH). Up 21 cents to $2.31. Shares of Quarterhill Inc. gained 10 per cent Tuesday after its Wi–LAN Inc. subsidiary and WiLAN's subsidiary Polaris Innovations Ltd. signed a patent licence agreement with Apple Inc. The deal includes the settlement and dismissal of all litigation pending between the companies in the United States, Canada and Germany. Financial terms of the agreement were not disclosed. In February, the U.S. Court of Appeals for the Federal Circuit ruled in WiLAN's favour in its dispute with Apple in a patent infringement case. The Appeal Court had sent the case back to the district court level to determine damages.
Air Canada (TSX:AC). Up 82 cents or 3.5 per cent to $24.36. Air Canada says it is acquiring 26 new extra-long range Airbus A321neo aircraft. The airline says deliveries are to begin in the first quarter of 2024 with the last aircraft to arrive in the first quarter of 2027. Fifteen of the aircraft will be leased from Air Lease Corp. and five will be leased from AerCap. Air Canada will also buy six under a deal with Airbus S.A.S. that includes purchase rights for an additional 14 aircraft between 2027 and 2030. Financial terms of the deals were not immediately available. The aircraft will be able to carry 182 passengers with 14 lie-flat seats and 168 economy-class seats. Air Canada says the new planes will have a range of approximately 8,700 kilometres and be able to operate non-stop anywhere across North America and, pending Transport Canada approval, also fly transatlantic routes.
This report by The Canadian Press was first published March 22, 2022.
The Canadian Press
