TORONTO – Some of the most active companies traded Thursday on the Toronto Stock Exchange:
Toronto Stock Exchange (15,479.83, up 51.14 points.)
Bombardier Inc. (TSX:BBD.B). Industrials. Down two cents, or 3.92 per cent, to 49 cents on 14.8 million shares.
Cenovus Energy Inc. (TSX:CVE). Energy. Down 20 cents, or 3.2 per cent, to $6.05 on 9.1 million shares.
Cardinal Resources Ltd. (TSX:CDV). Materials. Up 10.5 cents, or 23.08 per cent, to 56 cents on 7.6 million shares.
The Bank of Nova Scotia (TSX:BNS). Financials. Down 51 cents, or 0.87 per cent, to $57.90 on 7 million shares.
H&R Real Estate Investment (TSX:HR.UN). Real estate. Down 19 cents, or 1.81 per cent, to $10.30 on 6.9 million shares.
HEXO Corp. (TSX:HEXO). Health care. Down six cents, or 5.41 per cent, to $1.05 on 6.9 million shares.
Companies in the news:
Bombardier Inc. — The chairman of Bombardier Inc. is defending the multimillion-dollar compensation plan handed to former CEO Alain Bellemare. Pierre Beaudoin, grandson of the Quebec giant’s founder, told shareholders at the company’s annual meeting Thursday that the board “respected the company’s contractual obligations” to the former chief executive. The package Bellemare received when he stepped down in April could reach $17.5 million, including a minimum $10 million in severance and nearly $2.7 million in share awards. He will rake in an additional $4.9 million if the sale of Bombardier’s rail unit to France’s Alstom SA goes through following regulatory scrutiny.
Empire Co. Ltd. (TSX:EMP.A). Up $1.57, or 5.03 per cent, to $32.76. Empire Co. Ltd. raised its dividend as it reported a fourth-quarter profit of $177.8 million, up from $122.1 million in the same quarter last year, as shoppers stocked up due to the pandemic and sales rose. The parent company of Sobeys and Safeway grocery stores in Canada says it will now pay a quarterly dividend of 13 cents per share, up from 12 cents. The increased payment to shareholders came as Empire said its profit amounted to 66 cents per diluted share for the quarter ended May 2, up from 45 cents per diluted share a year earlier. Sales totalled $7.01 billion, up from $6.22 billion, while same-store sales rose 15 per cent.
This report by The Canadian Press was first published June 18, 2020.
Get more business in your inbox
Read the business news and analysis that matters most every morning, including the latest on what the coronavirus means for you, in our Star Business email newsletter.