TORONTO — Some of the most active companies traded Tuesday on the Toronto Stock Exchange:
Toronto Stock Exchange (13,378.75, up 340.25 points.)
Suncor Energy Inc. (TSX:SU). Energy. Up $3.49, or 18.4 per cent, to $22.46 on 24.9 million shares.
Cenovus Energy Inc. (TSX:CVE). Energy. Up 43 cents, or 17.84 per cent, to $2.84 on 24.8 million shares.
Bombardier Inc. (TSX:BBD.B). Industrials. Up three cents, or 7.06 per cent, to 45.5 cents on 24.2 million shares.
Canadian Natural Resources Ltd. (TSX:CNQ). Energy. Up $3.53, or 22.46 per cent, to $19.25 on 22.4 million shares.
StageZero Life Sciences Ltd. (TSX:SZLS). Health care. Up three cents or 85.71 per cent, to 6.5 cents on 16 million shares.
Baytex Energy Corp. (TSX:BTE). Energy. Up four cents, or 13.56 per cent, to 33.5 cents on 13.75 million shares.
Companies in the news:
TC Energy Corp. (TSX:TRP). Up $4.28 or 7.3 per cent to $62.55. A final investment decision clearing the way for construction of the long-delayed Keystone XL Pipeline was greeted with relief on Tuesday by an Alberta oilpatch where production has grown faster than pipeline capacity. The decision by Calgary-based TC Energy Corp. to go ahead with the US$8-billion project was widely anticipated. But in a surprising development, however, the Alberta government has agreed to invest about US$1.1 billion in the project, thus substantially covering planned construction costs through the end of 2020.
Canadian National Railway Co. (TSX:CNR). Up $1.70 or 1.6 per cent to $110.03. Canadian grain is in high demand as shippers try to feed a growing appetite from mills and governments seeking to shore up staple reserves amid the COVID-19 pandemic. Grain shipments at the Port of Thunder Bay in Ontario doubled year over year in March, with vessels loading 200,000 tonnes last week and higher volumes expected to continue, the Chamber of Marine Commerce said. CN Rail CEO J.J. Ruest said earlier this month that demand for grain has been particularly strong over the past month.
Imperial Oil (TSX:IMO). Up 1.05 or seven per cent to $15.91. Imperial Oil Ltd. is reducing its spending for this year by $1 billion, including a $500-million cut to its capital spending plan as it deals with the COVID-19 pandemic and crash in oil prices. The company says its capital budget for this year is now set at $1.1 billion to $1.2 billion. Imperial also says it has found opportunities to reduce operating spending by $500 million compared with last year.
This report by The Canadian Press was first published March 31, 2020.
The Canadian Press