TORONTO — Some of the most active companies traded Tuesday on the Toronto Stock Exchange:
Toronto Stock Exchange (20,553.25, down 113.16 points.)
Suncor Energy Inc. (TSX:SU). Energy. Down 47 cents, or 1.95 per cent, to $23.58 on 15.4 million shares.
Canadian Natural Resources (TSX:CNQ). Energy. Down 73 cents, or 1.66 per cent, to $43.16 on 12.5 million shares.
Baytex Energy Corp. (TSX:BTE). Energy. Up eight cents, or 3.11 per cent, to $2.65 on 8.9 million shares.
Bombardier Inc. (TSX:BBD.B). Industrials. Down five cents, or 2.56 per cent, to $1.90 on 7.3 million shares.
Cenovus Energy Inc. (TSX:CVE). Energy. Down 32 cents, or 2.87 per cent, to $10.83 on 7.1 million shares.
BCE Inc. (TSX:BCE). Telecommunications. Down $1.51, or 2.27 per cent, to $65.15 on 6.1 million shares.
Companies in the news:
Bombardier Inc. — Bombardier Inc. has launched an updated Challenger 350 mid-sized business jet, giving wealthy buyers who are increasingly seeking private flights during the pandemic a redesigned interior and environmental features of its larger Global 7500 aircraft. The renamed Challenger 3500 will have Nuage seats and fly at lower cabin altitude. It will also have a voice-controlled cabin to manage lighting, temperature and entertainment systems, wireless chargers throughout the cabin and a standard-equipped autothrottle system in the cockpit. Bombardier says the Challenger 3500 will be the first mid-sized aircraft to receive an environmental product declaration that confirms its environment footprint throughout its entire life cycle, something that was awarded to the Global 7500. Entry-into-service of the 10-passenger plane with a list price of US$26.7 millionis expected in the second half of 2022.
Amazon Canada — A group of warehouse workers in central Alberta could become the first Amazon employees in Canada to vote on whether or not to unionize. Teamsters Local Union 362 said Tuesday it has filed for a unionization vote at the Amazon warehouse in Nisku, just south of Edmonton. The Alberta Labour Relations Board must verify the application before a date is set, but the union expects a vote to take place before the end of the year. The Teamsters say this is the first step in an organizing campaign designed to bring Amazon to the bargaining table. The news comes one day after Amazon Canada announced it will hire 15,000 new warehouse and distribution workers in communities across the country this fall to support its ongoing Canadian expansion plans. Amazon also announced it will increase wages for its front-line, hourly employees in Canada to between $17 an hour and $21.65 an hour, up from its current starting wage of around $16 an hour. Amazon has a history of snuffing out union efforts before they can spread. A failed unionization drive in Alabama this spring was the biggest in Amazon's history and only the second time that an organizing effort from within the company had come to a vote.
DavidsTea Inc. — DavidsTea Inc. is keeping the company's leadership within the family as its co-founder retires from the company's board of directors and is replaced by his wife, the former CEO of insolvent clothing retailer Le Château. The Montreal-based beverage company, which itself completed creditor proceedings, says principal investor Herschel Segal stepped down and was replaced as chairman by Jane Silverstone Segal. Also joining them on the board is their daughter Sarah, who is chief executive. DavidsTea says its net income surged in its latest quarter despite a 19 per cent drop in sales as it benefited from a large gain from its restructuring plan activities. The 13-year-old company earned $75.5 million or $2.75 per diluted share in the second quarter, up from $2.61 million or 10 cents per share a year earlier when it closed all but 18 Canadian stores. However, adjusted losses were $2.02 million or seven cents per share, compared with a loss of $1.72 million or six cents per share in the second quarter of 2020. Revenues for the three months ended July 31 were $18.7 million, down from $23 million in the prior-year quarter when sales were totally online.
This report by The Canadian Press was first published Sept. 14, 2021.
The Canadian Press