TORONTO — Some of the most active companies traded Friday on the Toronto Stock Exchange:
Toronto Stock Exchange (17,003.13, up 56.23 points.)
Aurora Cannabis Inc. (TSX:ACB). Health care. Up three cents, or 0.87 per cent, to $3.47 on 10 million shares.
Canadian Natural Resources Ltd. (TSX:CNQ). Energy. Down four cents, or 0.1 per cent, to $40.08 on 8.4 million shares.
Encana Corp. (TSX:ECA). Energy. Up four cents, or 0.72 per cent, to $5.56 on 8.1 million shares.
Valeura Energy Inc. (TSX:VLE). Energy. Down 56 cents, or 53.85 per cent, to 48 cents on 8 million shares.
Bombardier Inc. (TSX:BBD.B). Industrials. Unchanged at $1.92 on 7.3 million shares.
Power Corp. (TSX:POW). Financials. Up $2.52, or 7.9 per cent, to $34.42 on 6.5 million shares.
Companies in the news:
Canadian National Railway Co. (TSX:CNR). Down 60 cents to $118.72. Canadian National Railway Co. is transferring some rail traffic control positions to Edmonton from Montreal, prompting a backlash from the Teamsters union as talks to ratify a post-strike collective agreement continue. CN said Friday that fewer than 15 workers are affected by the change, though Teamsters Canada complained that the relocations were happening less than a year after the workers had been transferred to Montreal from Toronto. The union says that supervisors were telling workers that the company aimed to relocate the bulk of its Montreal rail traffic control centre to Alberta’s capital, which would affect more than 100 positions.
Quebecor Inc. (TSX:QBR.B). Down 55 cents to $33.08. Samsung Electronics has made a first step into Canada’s telecommunications infrastructure market with a deal to supply equipment for Videotron’s wireless network in the province of Quebec and the Ottawa region of Ontario. Videotron operates one of Canada’s four major regional wireless businesses in competition against the three big national carriers — Rogers, Bell and Telus — which have each spent billions in recent years to upgrade their networks. Neither Videotron nor Samsung is disclosing financial terms of their agreement, announced Friday, but both said it’s the beginning of a long-term relationship that has the potential to grow over time.
Power Corp. — Power Corp. says brothers Andre and Paul Desmarais Jr. will retire from their long-serving roles as co-CEOs of the management and holding company. The Montreal-based company says the two, who have held the positions since 1996, will continue to play an active role in the governance of the company and maintain their positions as deputy chairman and chairman of the board. Power Corp. says the board will appoint Jeffrey Orr, current president and chief executive of Power Financial Corp., as president and CEO of Power Corp. The firm has also announced a major reorganization and simplification of its corporate structure by eliminating the dual-holding company structure.
This report by The Canadian Press was first published Dec. 13, 2019.
The Canadian Press