TORONTO — Some of the most active companies traded Thursday on the Toronto Stock Exchange:
Toronto Stock Exchange (20,144.04, down 86.92 points.).
Canadian Natural Resources (TSX:CNQ). Energy. Down $2.12, or 4.67 per cent, to $43.29 on 20.2 million shares.
Algonquin Power & Utilities Corp. (TSX:AQN). Utilities. Down 96 cents, or 4.91 per cent, to $18.60 on nine million shares.
Enbridge Inc. (TSX:ENB). Energy. Up 11 cents, or 0.22 per cent, to $49.97 on 8.9 million shares.
BlackBerry Ltd. (TSX:BB). Technology. Up 84 cents, or 5.33 per cent, to $16.61 on eight million shares.
Manulife Financial Corp. (TSX:MFC). Financials. Down 34 cents, or 1.38 per cent, to $24.26 on 7.3 million shares.
Baytex Energy Corp. (TSX:BTE). Energy. Down 13 cents or 5.83 per cent, to $2.10 on 7.2 million shares.
Companies in the news:
Empire Co. Ltd. (TSX:EMP.A). Down seven cents to $42.39. Canada's competition laws should be changed to prohibit cartel-like practices and wage-fixing deals in the country's grocery sector, a new report by the House of Commons industry committee says. The report comes a year after Canada's big three grocers — Loblaw Companies Ltd., Metro Inc. and Sobeys parent company Empire Company Ltd. — cut temporary pandemic-related pay bonuses within a day of each other last June. The move prompted the committee to hold hearings on the issue and invite senior grocery executives to explain their decisions. While the retailers admitted to communicating with each other about ending their respective wage premiums of about $2 an hour, they denied co-ordinating the termination of the pay bumps, said the report, which was released Wednesday. Michael Medline, president and CEO of Sobeys and Empire, said the company watched what other retailers were doing but did not collaborate or co-ordinate with competitors. Metro president and CEO Eric La Flèche said he reached out to his counterparts at Loblaw and Sobeys to gather information — not to obtain a tacit agreement on wages.
Pembina Pipeline Corp. (TSX:PPL). Down 74 cents or 1.8 per cent to $40.71. Pembina Pipeline Corp. and TC Energy Corp. have announced a plan to develop a carbon transportation and sequestration system in Alberta. The companies say the project will form the backbone of Alberta's carbon capture utilization and storage industry. It will be capable of transporting more than 20 million tonnes of carbon dioxide annually. Pembina and TC Energy plan to retrofit existing pipelines as well as build new systems to connect the province's largest sources of industrial emissions to a sequestration location northeast of Redwater, Alta. They say that by using existing assets, it speeds up timing of the project, reduces environmental and community impacts and is cheaper. Pembina and TC Energy hope to have the first phase operational as early as 2025.
This report by The Canadian Press was first published June 17, 2021.
The Canadian Press