TORONTO – Some of the most active companies traded Monday on the Toronto Stock Exchange:
Toronto Stock Exchange (13,592.70, up 654.40 points.)
Bombardier Inc. (TSX:BBD.B). Industrials. Up 1.5 cents, or 3.7 per cent, to 42 cents on 19.8 million shares.
Cenovus Energy Inc. (TSX:CVE). Energy. Up 34 cents, or 9.83 per cent, to $3.80 on 17.6 million shares.
The Toronto-Dominion Bank. (TSX:TD). Financials. Up $3.19, or 5.72 per cent, to $58.98 on 15.6 million shares.
Canadian Natural Resources Ltd. (TSX:CNQ). Energy. Up 28 cents, or 1.49 per cent, to $19.06 on 12.5 million shares.
MEG Energy Corp. (TSX:MEG). Energy. Up 45 cents, or 19.91 per cent to $2.71 on 11.5 million shares.
Crescent Point Energy Corp. (TSX:CPG). Energy. Down one cent, or 0.7 per cent to $1.41 on 10.4 million shares.
Companies in the news:
Choice Properties REIT (TSX:CHP.UN). Up 74 cent,s or 5.8 per cent, to $13.39. Major commercial landlords in Canada are offering rent deferrals to tenants as the COVID-19 pandemic has forced many businesses to close their stores. RioCan, Choice Properties, and CT real estate investments trusts all said Monday that they were working with tenants who need support because of the financial challenges brought on by the outbreak. Loblaw landlord Choice Properties REIT said it would grant 60-day rent deferrals on a case-by-case basis for “qualifying” small businesses and independent tenants.
CAE Inc. (TSX:CAE). Up 93 cents, or 5.9 per cent, to $16.80. CAE Inc. is temporarily laying off about a quarter of its staff, cutting salaries, and suspending its dividend and share repurchase plan in response to the COVID-19 pandemic. About 2,600 of the flight simulator maker’s 10,500 employees will be laid off and another 900 employees placed on a reduced work week, the company said Monday. Roughly 1,525 of the layoffs were in Canada — mainly Montreal — along with half of the work-week reductions, a spokesperson said.
Chorus Aviation Inc. (TSX:CHR). Down 26 cents, or 10.2 per cent, to $2.29. Chorus Aviation Inc. is suspending its dividend, temporarily laying off staff and cutting executive salaries as it deals with the fallout from COVID-19. The company, which operates regional aircraft for Air Canada, said its main customer and partner has slashed its network-wide capacity in the second quarter. Air Canada Express flying has been reduced by approximately 90 per cent for April and May, resulting in significant temporary employee reductions, Chorus said. About 3,000 workers have been placed on temporary layoff or off-duty status, the company said in an email.
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MTY Food Group Inc. (TSX:MTY). Down 53 cents, or three per cent, to $17.01. MTY Food Group Inc. has suspended its quarterly dividend, temporarily laid off over half of its workforce and reduced the base salaries of its leadership team. The owner of brands such as Thai Express, Tiki-Ming, Tutti Frutti and Valentine says approximately 2,100 restaurants in its network have temporarily closed while the rest are operating in a reduced capacity due to the COVID-19 pandemic. MTY says most of its corporate restaurants are closed, with the exception of those operating under the Papa Murphy’s brand.
This report by The Canadian Press was first published April 6, 2020.