TORONTO — Some of the most active companies traded Monday on the Toronto Stock Exchange:
Toronto Stock Exchange (21,247.01, up 209.94 points.)
Harte Gold Corp. (TSX:HRT). Materials. Down three cents, or 54.55 per cent, to 2.5 cents on 27.7 million shares.
Kinross Gold Corp. (TSX:K). Materials. Down five cents, or 0.67 per cent, to $7.39 on 8.8 million shares.
Suncor Energy Inc. (TSX:SU). Energy. Up 50 cents, or 1.54 per cent, to $33.05 on 7.1 million shares.
Bombardier Inc. (TSX:BBD.B). Industrials. Up five cents, or 2.51 per cent, to $2.04 on 6.8 million shares.
Cenovus Energy Inc. (TSX:CVE). Energy. Up 32 cents, or 2.16 per cent, to $15.12 on 6.2 million shares.
Hexo Corp. (TSX:HEXO). Health care. Down six cents, or 3.33 per cent, to $1.74 on 5.8 million shares.
Companies in the news:
Rogers Communications Inc. (TSX:RCI.B). Up 88 cents to 1.5 per cent to $58.44. A pair of public interest advocacy groups have asked the federal telecommunications regulator to delay a public hearing into Rogers Communications Inc.'s deal to buy Shaw Communications Inc. The Public Interest Advocacy Centre and the National Pensioners Federation said in a letter Monday that the CRTC should postpone the Nov. 22 start of hearings because the boardroom infighting at Rogers has made it unclear who is in control of the company. The two groups say that since the directors of the company are in doubt, it's unclear whether any submissions made in the name of Rogers continue to be supported by the board, and whether comments made by directors at the hearing will be supported by the company. The letter comes on the first day of hearings as Edward Rogers, son of late Rogers founder Ted Rogers, tries to have a B.C. court declare legitimate the board he formed after he was ousted as chair last month. He claims that he has the power to fire and appoint board members because he is chair of the Rogers Control Trust. However, his mother Loretta Rogers, sisters Melinda Rogers-Hixon and Martha Rogers and their associates say Edward Rogers' board is illegitimate and the only valid board is the one that existed before his changes.
Cargojet Inc. (TSX:CJT). Down $10.85 or 5.5 per cent to $186.20. Cargojet Inc. says clogged supply chains and a prolonged e-commerce surge helped boost revenue in its third quarter, despite an unexpected net earnings loss driven partly by higher costs. The company, which provides time-sensitive overnight air cargo services as well as aircraft leases, garnered nearly 17 per cent year-over-year revenue growth in the quarter ended Sept. 30. Chief executive Ajay Virmani said massive digital adaptation that took place over the past one and a half years has fundamentally shifted consumer behaviour. Supply bottlenecks and trucking and container shortages have further boosted demand for the Mississauga, Ont.-based company's air services, Virmani said. Cargojet was among the main beneficiaries of explosive online sales over the past 20 months, ramping up flights and expanding its relationship with e-commerce giant Amazon earlier this year via an agreement to operate two of its wide-body Boeing 767 aircraft in Canada. The 19-year-old company's revenue jumped to $189.5 million last quarter compared with $162.3 million in the same period in 2020. The growth came as Cargojet reported a net loss of $12.9 million or 74 cents per diluted share in its third quarter, compared with a loss of $20.4 million or $1.31 per diluted share a year earlier.
BCE Inc. (TSX:BCE). Up 44 cents to $64.15. Bell has apologized after it incorrectly made a time change on some customer smartphones. The company says there was an issue with its system that caused the change, which has now been resolved. Customers complained on social media about disruptions to their mornings because of the error. The company says users may need to restart their device or briefly switch their smartphone into airplane mode to fix the problem. Bell spokeswoman Caroline Audet says the company thanks everyone for their patience. Daylight time is scheduled to end on Nov. 7 when clocks are set back one hour.
This report by The Canadian Press was first published Nov. 1, 2021.
The Canadian Press