TORONTO — Some of the most active companies traded Thursday on the Toronto Stock Exchange:
Toronto Stock Exchange (17,916.20, down 98.71 points.)
Bombardier Inc. (TSX:BBD.B). Industrials. Up 11 cents, or 16.42 per cent, to 78 cents on 26.5 million shares.
Royal Bank of Canada (TSX:RY). Financials. Down 23 cents, or 0.21 per cent, to $107.84 on 12.6 million shares.
BlackBerry Ltd. (TSX:BB). Technology. Up two cents, or 0.12 per cent, to $16.17 on 10.6 million shares.
Athabasca Oil Corp. (TSX:ATH). Energy. Up one cent, or 5.41 per cent, to 19.5 cents on 7.3 million shares.
Crescent Point Energy Corp. (TSX:CPG). Energy. Down eight cents, or 1.97 per cent, to $3.99 on 7.2 million shares.
Air Canada (TSX:AC). Industrials. Down 86 cents, or 3.76 per cent, to $22.03 on 6.7 million shares.
Companies in the news:
TC Energy Corp. (TSX:TRP). Up $1.31, or 2.3 per cent, to $57.23. Western Canada’s oil producers will likely cope better with Joe Biden’s cancelling of the Keystone XL presidential permit than they did with the same move by ex-president Barack Obama in 2015, an industry analyst says. But Phil Skolnick, a New York-based analyst for Eight Capital, agreed with other observers that the end of the pipeline will stifle investment and production growth for years in the Canadian oilpatch. Shortly after being inaugurated on Wednesday, Biden, who was Obama’s vice-president, fulfilled a campaign promise and again took away the pipeline permit that former president Donald Trump gave back to builder TC Energy Corp. in 2019.
Eldorado Gold Corp. (TSX:ELD). Down 47 cents, or 3.2 per cent, to $14.30. Vancouver-based Eldorado Gold Corp. says it has struck a deal to buy the shares of Quebec exploration company QMX Gold Corp. it doesn’t already own in a cash-and-shares transaction worth $132 million or 30 cents per share. Eldorado owns about 17 per cent of the QMX shares, purchased for six cents each in a private placement at the end of 2019. It’s offering 7.5 cents in cash and 0.01523 of an Eldorado share for the rest. CEO George Burns says the deal opens up expansion opportunities for Eldorado within its operating footprint as QMX’s lands are located adjacent to its Lamaque underground gold mine at Val-d’Or, Que.
This report by The Canadian Press was first published Jan. 21, 2021.
The Canadian Press