TORONTO — Some of the most active companies traded Monday on the Toronto Stock Exchange:
Toronto Stock Exchange (21,537.45, up 179.89 points.)
TC Energy Corp. (TSX:TRP). Energy. Up 49 cents, or 0.78 per cent, to $63.29 on 7.3 million shares.
Bank of Montreal (TSX:BMO). Financials. Up $1.69, or 1.14 per cent, to $149.85 on 4.8 million shares.
Bombardier Inc. (TSX:BBD.B). Industrials. Up four cents, or 2.25 per cent, to $1.82 on 4.3 million shares.
Baytex Energy Corp. (TSX:BTE). Energy. Up 14 cents, or 3.1 per cent, to $4.66 on 3.9 million shares.
Cenovus Energy Inc. (TSX:CVE). Energy. Up 35 cents, or 1.9 per cent, to $18.99 on 3.6 million shares.
Sherritt International Corp. (TSX:S). Materials. Up six cents, or 11.3 per cent, to 59 cents on three million shares.
Companies in the news:
Cineplex Inc. (TSX:CGX). Down nine cents or 0.68 per cent to $13.15. Cineworld Group PLC is appealing a court ruling that awarded $1.24 billion to Cineplex Inc., the theatre chain Cineworld was once due to take over. In documents filed at the Ontario Court of Appeal, U.K. movie theatre giant Cineworld says Judge Barbara Conway erred in her Dec. 14 decision that found the company was not justified in walking away from its deal to buy Cineplex when the COVID-19 pandemic struck. Cineworld argues the judge was wrong to decide Cineplex did not break the terms of the takeover agreement, when it halted and deferred payments to landlords, suppliers, movie studios and film distributors. Cineplex said in court that the moves were part of a normal course of business for theatre companies during a pandemic and did not damage its reputation with landlords and studios, but Cineworld now argues the deferrals began even before Canadian cinemas were shut down and were not allowed under its agreement. Cineworld also claims the judge was wrong to rule that the $2.18-billion agreement between the two companies allowed Cineplex to deviate from its ordinary course of business because of an outbreak.
This report by The Canadian Press was first published Jan. 17, 2022.
The Canadian Press