TORONTO 鈥� Some of the most active companies traded Wednesday on the Toronto Stock Exchange:
Toronto Stock Exchange (20,158.14, down 16.00 points.)
Bank of Nova Scotia. (TSX:BNS). Financials. Up nine cents, or 0.11 per cent, to $78.83 on 15.3 million shares.
Bombardier Inc. (TSX:BBD.B). Industrials. Up four cents, or 1.95 per cent, to $2.09 on 8.4 million shares.
Baytex Energy Corp. (TSX:BTE). Energy. Up two cents, or 0.57 per cent, to $3.52 on eight million shares.
The Toronto-Dominion Bank. (TSX:TD). Financials. Down three cents, or 0.04 per cent, to $84.93 on 7.7 million shares.
Crescent Point Energy Corp. (TSX:CPG). Energy. Up seven cents, or 1.22 per cent, to $5.81 on 6.1 million shares.
Canadian Imperial Bank of Commerce. (TSX:CM). Financials. Down 34 cents, or 0.24 per cent, to $142.50 on 5.5 million shares.
Companies in the news:聽
Enbridge Inc. (TSX:ENB). Up 25 cents to $50.79. Enbridge Inc.'s Line 3 pipeline replacement project, a critical piece of export infrastructure for Canada's energy sector, will be in service on Friday. The pipeline giant said Wednesday the 1,765-kilometre Line 3 鈥� which will carry oil from Alberta to Enbridge's terminal in Superior, Wis. 鈥� is "substantially complete." The $9.3-billion project is the first major Canadian pipeline project to be completed since Enbridge's Alberta Clipper project, which was finished in 2015. The replacement of Line 3 is expected to add about 370,000 additional barrels per day of crude oil export capacity from Western Canada to refineries in the U.S. Midwest. The Line 3 project was first announced in 2014, but ran into opposition from environmental groups and Indigenous groups along the way. Opponents of the project have said the Line 3 expansion will accelerate climate change and also poses a risk of oil spills in environmentally sensitive areas. The last leg of the project to be completed was the 542-kilometre Minnesota segment of the pipeline. Other segments had already been placed into service in Canada, North Dakota and Wisconsin, but in Minnesota Enbridge faced court challenges and protests by project opponents. In June, Enbridge was handed a victory by the Minnesota Court of Appeals, which affirmed the approvals granted by independent regulators that allowed construction on the Minnesota leg to begin last December.聽
Spin Master Corp. (TSX:TOY). Down 37 cents to $41.25. Ahead of the release of the Paw Patrol movie this summer, Toys 鈥淩鈥� Us Canada and toymaker Spin Master Corp. did something rarely seen before in the toy industry. They air freighted Liberty toys 鈥� the latest member of the animated search and rescue team 鈥� from China to Canada to get the new pup on store shelves in time for the film鈥檚 premiere. The unusual step underscores the enduring difficulty of operating amid a pandemic and its related labour shortages, escalating material prices, rising shipping costs and lengthy delays. It also foreshadows what the toy industry could be facing this holiday season, a time that accounts for as much as 70 per cent of all toy sales for the year by some estimates. Industry experts say toymakers and retailers are bracing for a potentially challenging run-up to Christmas this year, and are offering some advice to consumers: shop early, don鈥檛 hold out for big blowout sales and 鈥� most importantly 鈥� find a good hiding spot until the holidays to deter snooping children. The toy industry group says there will always be toys on store shelves but recommends consumers start their holiday shopping as early as October to avoid being disappointed by potential inventory shortages of some items closer to the holidays.聽
Canadian National Railway Co. (TSX:CNR). Up 47 cents to $147.59. TCI Fund Management Ltd., which is seeking changes at Canadian National Railway Co., is accusing the railway of not disclosing the resignation of Julie Godin from CN's board of directors in an appropriate and timely manner. The British-based investment manager says CN did not immediately issue a news release about the resignation earlier this month. CN says Godin's resignation was posted on the System for Electronic Disclosure by Insiders and its own website in an appropriate and timely manner in accordance with relevant securities law. The railway says Godin stepped down to focus on her expanding role as co-chair of the board and executive vice-president of strategic planning and corporate development of CGI Inc. TCI was a vocal critic of CN's attempted takeover of the Kansas City 麻豆视频ern railway and has asked for a special meeting of CN shareholders for the purpose of "refreshing" the railway's board by adding four members that it has nominated. It has also proposed Jim Vena, former chief operating officer at CN, as a potential replacement to current CEO Jean-Jacques Ruest.聽
This report by The Canadian Press was first published Sept. 29, 2021.
The Canadian Press
