TORONTO — Some of the most active companies traded Monday on the Toronto Stock Exchange:
Toronto Stock Exchange (20,233.08, down 24.87 points.)
Bombardier Inc. (TSX:BBD.B). Industrials. Up seven cents, or 5.11 per cent, to $1.44 on 12.2 million shares.
The Toronto-Dominion Bank. (TSX:TD). Financials. Up 35 cents, or 0.41 per cent, to $85.05 on 11.5 million shares.
The Royal Bank of Canada. (TSX:RY). Financials. Up $1.35, or 1.07 per cent, to $127.72 on 9.4 million shares.
Suncor Energy Inc. (TSX:SU). Energy. Down 42 cents, or 1.45 per cent, to $28.55 on 6.3 million shares.
Canadian Natural Resources (TSX:CNQ). Energy. Down 26 cents, or 0.58 per cent, to $44.25 on 4.5 million shares.
Manulife Financial Corp. (TSX:MFC). Financials. Up 23 cents, or 0.96 per cent, to $24.22 on 4.3 million shares.
Companies in the news:
Loblaw Companies Ltd. (TSX:L). Down 23 cents to $78.34. Loblaw Companies Ltd. says it’s winding down its PC Chef meal kit delivery service introduced last year in the Toronto area. Loblaw spokeswoman Catherine Thomas says the company launched the delivery service only to better understand customer demand in the meal kit delivery space. She says the grocer has learned a lot, including important elements that can be incorporated into long-standing PC Express and in-store meal offers. Thomas says PC Chef products were also available at select stores in Ontario and will be transitioned out in the coming weeks. Last fall, Loblaw expanded its PC Chef meal kit delivery service to include ready-to-make meals from local restaurants. The grocer said the restaurant kits were part of an expanded assortment of PC Chef meal kits, which included more than 30 new recipes and a variety of cooking formats, such as 15-minute one-pan meals, slow-cooker meals and heat-and-serve meals.
Air Canada (TSX:AC). Down 21 cents to $25.54. Porter Airlines could shake up the Canadian airline industry after announcing plans to launch jet service to destinations in Canada, the U.S. and the Caribbean with an order for up to 80 aircraft with a list price of US$5.8 billion. The regional airline says it has signed a deal to become the North American launch customer for the Embraer E195-E2 jet aircraft and plans to offer flights from Toronto Pearson International Airport along with Ottawa, Montreal and Halifax. Porter has placed a firm order for 30 planes and 50 purchase right options, and likely received a hefty discount from the list price. It also has the option to convert purchase rights to the E190-E2s. The new aircraft will not operate from Toronto’s Billy Bishop Airport on the city’s waterfront where Porter currently offers service on turboprop aircraft. Airline analyst Robert Kokonis, president of airline consulting firm AirTrav Inc., called it a “bold move” that will surely elicit a strong response from Canada’s two largest airlines especially as it prepares to land “in the jaws of the dragon at Pearson, which is Air Canada’s main base of operations and the second-largest base for WestJet Airlines.
This report by The Canadian Press was first published July 12, 2021.