TORONTO — Some of the most active companies traded Monday on the Toronto Stock Exchange:
Toronto Stock Exchange (14,388.28, up 28.40 points.)
StageZero Life Sciences Ltd. (TSX:SZLS). Health care. Up one cent, or 14.29 per cent, to eight cents on 10.7 million shares.
Cenovus Energy Inc. (TSX:CVE). Energy. Down 14 cents, or 3.65 per cent, to $3.70 on 10.4 million shares.
Baytex Energy Corp. (TSX:BTE). Energy. Down three cents, or 8.82 per cent, to 31 cents on 9.5 million shares.
Enbridge Inc. (TSX:ENB). Energy. Up 12 cents, or 0.29 per cent, to $41.40 on 9.5 million shares.
Manulife Financial Corp. (TSX:MFC). Down 24 cents, or 1.38 per cent, to $17.12 on 8.7 million shares.
Bombardier Inc. (TSX:BBD.B). Industrials. Down one cent, or 2.33 per cent, to 42 cents on 8.6 million shares.
Companies in the news:
Shopify Inc. (TSX:SHOP). Up $56.04 or 6.7 per cent to $887.56. Canadian businesses struggling amid the COVID-19 pandemic are getting some relief from the e-commerce platforms they use to sell their goods and services. E-commerce companies including Shopify Inc., Amazon.com Inc. and EBay Canada are trying to help businesses grappling with the impacts of COVID-19 by offering cash advances, waiving fees and pausing loan repayments.
Husky Energy Inc. (TSX:HSE). Down 10 cents or 2.6 per cent to $3.68. A move by Husky Energy Inc. to halt production of 80,000 barrels per day takes the total reduction in Canadian crude output to about 365,000 bpd since the onset of measures to deal with the COVID-19 pandemic, an analyst says. That's more than seven per cent of national production of 5.1 million bpd in December. On Monday, the Calgary-based company also announced a reduction of $700 million in its 2020 capital budget, its second following an earlier cut of $900 million in capital and $100 million in other spending this year.
CAE Inc. (TSX:CAE). Down 42 cents or 1.9 per cent to $21.46. CAE says it has signed a contract to manufacture and supply 10,000 ventilators for the Canadian government. Financial terms of the agreement were not immediately available. The company says it's finalizing the design and testing of its CAE Air1 ventilator and is preparing for production. The first unit is expected to be delivered in early May to health authorities for certification. CAE also announced that it has recalled all 1,500 remaining temporarily laid-off employees in Canada.
Alimentation Couche-Tard Inc. (TSX:ATD.B). Down 23 cents to $40.15. Alimentation Couche-Tard Inc. is dropping its pursuit of Caltex Australia Ltd. due to the COVID-19 crisis. The company had been working on a revised takeover bid after an earlier offer was rebuffed. Couche-Tard says given the uncertainty and the impact of the pandemic on its outlook for Caltex's business, it is not in a position to make a revised proposal for the company. However, it says it remains interested and plans to re-engage once there is more clarity in the global outlook.
Crescent Point Energy Corp. (TSX:CPG). Down six cents or 4.5 per cent to $1.28. Crescent Point Energy Corp. cut its capital spending plan again and reduced its production guidance for the year as cuts in the oil patch continued amid lower oil prices in the wake of the pandemic. The company lowered its capital spending guidance to between $650 million and $700 million compared with between $700 million and $800 million which it announced in March. Crescent Point originally had a capital spending plan in a range of $1.1 billion to $1.2 billion.
This report by The Canadian Press was first published April 20, 2020.
The Canadian Press
