TORONTO — Some of the most active companies traded Friday on the Toronto Stock Exchange:
Toronto Stock Exchange (16,694.27, down 96.13 points).
The Bank of Nova Scotia. (TSX:BNS). Financials. Up 11 cents, or 0.14 per cent, to $76.25 on 6.6 million shares.
Encana Corp. (TSX:ECA). Energy. Down two cents, or 0.33 per cent, to $6.11 on 6.1 million shares.
New Gold Inc. (TSX:NGD). Materials. Down 13 cents, or 8.5 per cent, to $1.40 on 5.6 million shares.
Yamana Gold Inc. (TSX:YRI). Materials. Down 14 cents, or 3.13 per cent, to $4.33 on 5.5 million shares.
B2Gold Corp. (TSX:BTO). Materials. Down 10 cents, or 2.24 per cent, to $4.36 on 5.4 million shares.
Brookfield Asset Management Inc. (TSX:BAM.A). Financials. Down 23 cents, or 0.32 per cent, to $71.45 on 5.3 million shares.
Companies in the news:
Alimentation Couche-Tard Inc. (TSX:ATD.B). Down $1.34 to $80.66. A growing move to ban flavoured e-cigarettes due to health concerns particularly in youth could actually benefit convenience stores in the long run, say retail analysts. Bonnie Herzog of Wells Fargo Securities says a majority of retailers surveyed believe the removal of e-cigarettes would migrate smokers to combustible cigarettes that represent a larger portion of convenience store sales. Couche-Tard CEO Brian Hannasch says these products aren’t currently “material” to the company’s revenues and it’s OK with a ban for youth as long as the decision is done in a “thoughtful fashion and based on facts.”
ARC Resources Ltd. (TSX:ARX). Up two cents to $6.52. Oil and gas industry insiders say demands by organizers of Friday’s Global Climate Strike to transition swiftly away from fossil fuels to 100 per cent renewable energy are naive and unrealistic. But the leaders reached on the sidelines of the Global Business Forum in Banff add they support the right of participants to draw attention to the issue and applaud their emotional commitment. Hal Kvisle, chairman of ARC Resources Ltd. says the protests raise the “emotional urgency” of the situation but unfortunately don’t offer any solutions on how to end the current global demand for about 100 million barrels per day of oil.
This report by The Canadian Press was first published Sept. 27, 2019.
The Canadian Press