TORONTO — Some of the most active companies traded Friday on the Toronto Stock Exchange:
Toronto Stock Exchange (20,402.66, down 59.27 points.)
Algonquin Power & Utilities Corp. (TSX:AQN). Utilities. Down 11 cents, or 0.57 per cent, to $19.17 on 7.7 million shares.
Baytex Energy Corp. (TSX:BTE). Energy. Up four cents, or 1.28 per cent, to $3.17 on 7.2 million shares.
Whitecap Resources Inc. (TSX:WCP). Energy. Up 55 cents, or 9.34 per cent, to $6.44 on 7.2 million shares.
Athabasca Oil Corp. (TSX:ATH). Energy. Down one cent, or 1.15 per cent, to 86 cents on 6.8 million shares.
Bombardier Inc. (TSX:BBD.B). Industrials. Down two cents, or 0.98 per cent, to $2.02 on 6.6 million shares.
Tamarack Valley Energy Ltd. (TSX:TVE). Energy. Up 10 cents, or 3.33 per cent, to $3.10 on 6.1 million shares.
Companies in the news:
Transcontinental Inc. (TSX:TCL.A). Up two cents to $20.64. Transcontinental Inc. says chief executive François Olivier will retire in December after 28 years with the company, including 13 years as CEO. The printing and packaging company says Peter Brues, a member of its board of directors since 2018 and chair of the audit committee, will succeed him. Olivier helped Transcontinental grow its printing business and diversify into flexible packaging. He also refocused TC Media to become the largest publisher of French-language educational resources in Canada. Transcontinental says Brues has extensive experience in managing international manufacturing operations, as well as in mergers and acquisitions. Brues will officially assume the role of CEO on Dec.10.
Canadian Pacific Railway Ltd. (TSX:CP). Up 35 cents to $83.29. Canada's two largest railways may run out of grain to move and face revenue challenges in the coming year as the domestic grain crop is expected to decrease 37 per cent due to drought conditions across the Prairies despite a slight improvement in August. Statistics Canada said Friday that 3.07 million tonnes of grain was delivered in August. That's up 4.5 per cent from July's four-year low but deliveries were 31 per cent below the level in August 2020. Wheat, Canada's largest grain crop, was four per cent higher in August than July but down 25.6 per cent in the year. Oats, barley, rye, flaxseed and canola had varying performances. Canola and flaxseed were down sharply in both periods, barley deliveries were strong while rye and oats were mixed. The bleak crop forecast for the coming year will be particularly difficult for CP because 24 per cent of its total freight revenues in 2020 came from grain, its largest segment, compared with just 15 per cent for CN, Cameron Doerksen of National Bank Financial wrote in a report.
This report by The Canadian Press was first published Sept. 24, 2021.
The Canadian Press
