TORONTO — Some of the most active companies traded Wednesday on the Toronto Stock Exchange:
Toronto Stock Exchange (19,143.25, up 102.47 points.)
Zenabis Global Inc. (TSX:ZENA). Health care. Up one cent, or 10.53 per cent, to 10.5 cents on seven million shares.
Tetra Bio-Pharma Inc. (TSX:TBP). Health care. Up three cents, or 16.22 per cent, to 21.5 cents on 6.3 million shares.
Manulife Financial Corp. (TSX:MFC). Financials. Up three cents, or 0.11 per cent, to $26.51 on 4.7 million shares.
Bombardier Inc. (TSX:BBD.B). Industrials. Up two cents, or 2.2 per cent, to 93 cents on 4.3 million shares.
B2Gold Corp. (TSX:BTO). Materials. Up 11 cents, or 1.71 per cent, to $6.54 on 4.1 million shares.
Royal Bank of Canada (TSX:RY). Financials. Down 56 cents, or 0.48 per cent, to $116.04 on 4.1 million shares.
Companies in the news:
Canadian Pacific Railway Ltd. (TSX:CP). Down $3.71 to $444.00. Canadian Pacific Railway Ltd. says it is appealing to the U.S. regulator that governs railway mergers to dispute a claim by Canadian National Railway Co. that its rival bid for Kansas City Southern will be assessed in the same way as CP’s bid. On Tuesday, Montreal-based CN announced a cash-and-stock bid valued at US$33.7 billion for Kansas City, Mo.-based KCS, topping one made last month by Calgary-based CP Rail valued at US$25 billion. CP charges that a CN-KCS merger would “destabilize” the rail network balance in North America that has prevented further consolidation of the six largest railroads for two decades, adding it would leave CP as a disadvantaged “odd man out” in a six-railroad North America. CP has asked the U.S. Surface Transportation Board to rule that its combination with KCS qualifies under a waiver the regulator granted to KCS in 2001 from more stringent merger rules adopted to protect competition.
Rogers Communications Inc. (TSX:RCI.B). Up 27 cents to $61.81. The chief executive of Rogers Communications Inc. said Wednesday that he and his team are “deeply disappointed” by the widespread outage that affected many of its wireless customers this week. Total net income for the company, including its home internet, radio and television and sports businesses, was $361 million or 70 cents per diluted share. That was up from $352 million or 68 cents per diluted share in the first quarter of 2020, which included a few weeks of Canada’s first COVID-related shutdowns. In a later speech at the company’s virtual annual meeting, chairman Edward Rogers — part of the family that controls the company — said he was “tremendously proud” of the way it performed last year while keeping employees safe and customers connected. CEO Joe Natale thanked wireless customers for their patience during Monday’s outage, which is undergoing an in-depth review with network partner Ericsson.
Metro Inc. (TSX:MRU). Down 98 cents, or 1.6 per cent, to $58.33. Metro Inc. is pressing ahead with technology upgrades despite the pandemic, with the food retailer planning to roll out more self-checkout machines, electronic shelf-labels and new automated distribution centres in the coming months. President and CEO Eric La Fleche said the supply chain modernization and digital technology upgrades in-store, online and in its distribution facilities remain a key focus for the grocery and drugstore retailer. In February, Metro started ramping up operations in its new semi-automated produce distribution centre in Toronto, he said. A new fully automated distribution centre for frozen foods is in the final stage of construction and will be commissioned over the coming months with a planned opening in January 2022, La Fleche said. Meanwhile, the company recorded a five per cent uptick in sales and a profit of $188.1 million, up from $176.2 million a year ago, for the quarter ended March 13.
The Canadian Press