TORONTO — Some of the most active companies traded Wednesday on the Toronto Stock Exchange:
Toronto Stock Exchange (18,014.91, up 57.54 points.)
Athabasca Oil Corp. (TSX:ATH). Energy. Unchanged at 18.5 cents on 18.4 million shares.
Zenabis Global Inc. (TSX:ZENA). Health care. Down one cent, or 9.09 per cent, to 10 cents on 15.7 million shares.
BlackBerry Ltd. (TSX:BB). Technology. Up 46 cents, or 2.93 per cent, to $16.15 on 15.5 million shares.
Enbridge Inc. (TSX:ENB). Energy. Up 22 cents, or 0.49 per cent, to $44.97 on 13.8 million shares.
Bombardier Inc. (TSX:BBD.B). Industrials. Up eight cents, or 13.56 per cent, to 67 cents on 12.3 million shares.
Cenovus Energy Inc. (TSX:CVE). Energy. Down three cents, or 0.38 per cent, to $7.86 on 9.5 million shares.
Companies in the news:
TC Energy Corp. (TSX:TRP). Down 65 cents or 1.1 per cent to $55.92. Work on the Keystone XL project is being suspended in anticipation of U.S. President Joe Biden revoking its vital presidential permit, Calgary-based TC Energy Corp. said Wednesday. The company said it is “disappointed” with Biden’s action expected later today, adding it will overturn extensive regulatory reviews that found the pipeline would transport needed energy in an environmentally responsible way and bolster North American energy security. It warned the move will lead to the layoffs of thousands of union workers and comes despite its commitments to use renewable energy to power the pipeline and forge equity partnerships with Indigenous communities.
Aurora Cannabis Inc. (TSX:ACB). Down 50 cents or 3.3 per cent to $14.61. Aurora Cannabis Inc. says it has laid off some workers after signing an agreement with an external sales broker. The Edmonton-based cannabis company’s spokeswoman Michelle Lefler confirmed the cuts but wouldn’t disclose the number of staff impacted or what cities they were located in. Lefler says the move was prompted by Aurora’s recent decision to hire Great North Distributors Inc. to represent the pot company in sales activities across Canada. She says the agreement had an immediate impact on some jobs, while other employees will remain with the company for a set time.
Athabasca Oil Corp. — Norwegian oil giant Equinor ASA says it has completed its exit from the Canadian oilsands by selling the 18.8 per cent stake in producer Athabasca Oil Corp. it acquired three years ago. The Stavanger, Norway-based company, formerly known as Statoil, says it sold 100 million shares in the Calgary-based company on Tuesday for 18 cents per share or $18 million. The shares closed at $1.66 each on Jan. 31, 2017, completion day for Statoil’s sale of its Leismer thermal oilsands project and its proposed Corner oilsands project in northern Alberta in return for the shares, $435 million in cash and up to $250 million more in contingent payments based on future oil prices.
West Fraser Timber Co. Ltd. (TSX:WFT). Up $2.33 or three per cent to $78.83. Shareholders of West Fraser Timber Co. Ltd. and Norbord Inc. have approved a $4-billion all-stock deal that will marry two of Canada’s big wood product producers. Norbord chief executive Peter Wijnbergen, who will join West Fraser as president of engineered wood, said in November that the combined company aims to be a “one-stop shop” for construction customers. The combined company says it will operate as West Fraser with headquarters in Vancouver and a regional office in Toronto, with West Fraser shareholders owning 56 per cent of the company and Norbord shareholders owning about 44 per cent. Executives said when the deal was announced that the new West Fraser will have 10,000 employees.
This report by The Canadian Press was first published Jan. 20, 2021.
The Canadian Press