TORONTO — Some of the most active companies traded Friday on the Toronto Stock Exchange:
Toronto Stock Exchange (17,066.12, down 33.83 points.)
Encana Corp. (TSX:ECA). Energy. Up four cents, or 0.65 per cent, to $6.20 on 7.1 million shares.
Baytex Energy Corp. (TSX:BTE). Energy. Up seven cents, or 3.72 per cent, to $1.95 on 6.6 million shares.
Aurora Cannabis Inc. (TSX:ACB). Health care. Down three cents, or 1.14 per cent, to $2.60 on 6.6 million shares.
The Bank of Nova Scotia. (TSX:BNS). Financials. Down seven cents, or 0.1 per cent, to $73.59 on 5.4 million shares.
Manulife Financial Corp. (TSX:MFC). Financials. Down 23 cents, or 0.86 per cent, to $26.47 on 5.2 million shares.
Cenovus Energy Inc. (TSX:CVE). Energy. Up six cents, or 0.46 per cent, to $13.23 on 4.2 million shares.
Companies in the news:
Air Canada (TSX:AC). Down $1.69 or 3.4 per cent to $48.31. Canada’s two biggest airlines are dropping the grounded Boeing 737 Max from their flight schedules for at least the next two months. The move could impact passengers already slated for spring getaways and cut down on flight options for travellers looking to book. Air Canada tells The Canadian Press it recently opted to push back the return of the Boeing jet until April. WestJet says it has pulled its 13 Max planes from the schedule until March 4. The federal government banned the 737 Max from the skies last March, following two fatal crashes in five months.
MEG Energy Corp. (TSX:MEG). Up 31 cents or 4.2 per cent to $7.65. Higher oil prices in the wake of a U.S. air strike in Iraq that killed a top Iranian general was driving up share prices for Canadian energy companies and threatening higher fuel prices for consumers in Canada. Analysts say the attack and Iranian threats of reprisals serve as a reminder that there is a geopolitical risk to oil from the Middle East. They say they don’t expect an immediate jump in gasoline pump prices, but it could happen if tensions remain heightened for an extended period. Canadian oil and gas stocks, meanwhile, climbed on the Toronto Stock Exchange, led by oilsands producers MEG Energy Corp. and Canadian Natural Resources Ltd.
CCL Industries Inc. (TSX:CCL.B). Down 11 cents to $55.55. Label and packaging company CCL Industries Inc. has signed a deal to buy Polish company Flexpol Sp. Z.o.o. for an estimated $22 million. Flexpol is a producer of BOPP film which is used in packaging, labelling and lamination. CCL chief executive Geoffrey Martin says the deal gives the company the capability to deliver label films in Europe using the same technology it has in place at Innovia Mexico for the Americas. CCL says Flexpol had approximately $70 million in sales in 2019, focused on flexible packaging customers. The deal is expected to close in the first quarter, following regulatory approvals.
This report by The Canadian Press was first published Jan. 3, 2020.
The Canadian Press