Most actively traded companies on the Toronto Stock Exchange

·5 min read

TORONTO — Some of the most active companies traded Friday on the Toronto Stock Exchange:

Toronto Stock Exchange (18,460.21, up 67.22 points.)

The Supreme Cannabis Co. Inc. (TSX:FIRE). Health care. Down 2.5 cents, or 6.17 per cent, to 38 cents on 49.3 million shares.

SOPerior Fertilizer Corp. (TSX:SOP). Materials. Up 1.5 cents, or 33.33 per cent, to six cents on 19.7 million shares.

Enbridge Inc. (TSX:ENB). Energy. Down 55 cents, or 1.23 per cent, to $44.01 on 17.8 million shares.

The Green Organic Dutchman Holdings Ltd. (TSX:TGOD). Health care. Down 7.5 cents, or 16.3 per cent, to 38.5 cents on 17.7 million shares.

Zenabis Global Inc. (TSX:ZENA). Health care. Down half a cent, or 3.13 per cent, to 15.5 cents on 16.7 million shares.

Baytex Energy Corp. (TSX:BTE). Energy. Up one cent, or 1.01 per cent, to $1 on 14.8 million shares.

Companies in the news:

Yamana Gold Inc. (TSX:YRI). Down 12 cents, or 1.9 per cent, to $6.09. A plan to spend $1.7 billion over the next seven years to develop the Odyssey underground mine to extend the life of the Canadian Malartic Mine's open pit operation in western Quebec has been approved by its owners. Work on surface infrastructure, including an exploration ramp, began in December at the location about three kilometres east of the town of Malartic, said the joint venture owned by Canadian miners Yamana Gold Inc. and Agnico Eagle Ltd. It said it has the green light to construct a shaft estimated to be 1,800 metres deep and process the resulting ore at Canadian Malartic's existing plant. Initial production is expected in 2023 from the underground ramp, but shaft sinking to access higher-grade underground deposits is expected to continue until the end of 2028, said Agnico Eagle in a separate news release.

CAE Inc. (TSX:CAE). Down 39 cents, or 1.2 per cent, to $32.10. CAE Inc. says its results are improving despite reporting that net profits were cut in half in the third quarter from a year ago as it continues to manage through a challenging time for the aerospace sector. The simulator maker and training company says its profit attributable to equity holders was $48.8 million or 18 cents per share, compared with a profit of $97.7 million or 37 cents per share a year earlier. The quarterly results are an improvement from the two-cents-per-share loss in the second quarter. Revenue totalled $832.4 million for quarter ended Dec. 31, down 10 per cent from $923.5 million in its third quarter last year but up 18 per cent from the second quarter.

Enbridge Inc. — Construction of the U.S. portion of its Line 3 oil pipeline will cost $1.1 billion more than expected due to regulatory and court delays in Minnesota, but the CEO of owner Enbridge Inc. says the project is on track to start delivering "lots of free cash flow" by late this year. Al Monaco told an earnings call that two recent court decisions in the U.S. that denied last-ditch opponent attempts to stop Line 3 make him confident the project will be completed by the fourth quarter and placed in service after about six years of regulatory review. Line 3's total project cost is now expected to be $9.3 billion, up from $8.2 billion estimated in 2017.

Air Canada (TSX:AC). Up $1.13, or 5.3 per cent, to $22.33. Air Canada posted a staggering $1.16-billion loss in the fourth quarter of 2020, a result that caps off what the company's chief executive called the bleakest year in aviation history. Despite the losses, Air Canada president and CEO Calin Rovinescu said on a call with analysts Friday morning that he was encouraged by the progress of recent talks with the federal government about a bailout package for the sector, which have been ongoing for months without a resolution. The discussions have ramped up over the last several weeks, reaching a pace that Rovinescu called a negotiation. Any deal would include a resolution on passenger refunds, a plan for returning service to regional markets and financial support for the aerospace sector, Rovinescu said. The airline's operating revenue dropped to $827 million in the fourth quarter, down from $4.43 billion in the same three months of 2019, as the COVID-19 pandemic has hampered air travel.

Agnico Eagle Mines Ltd. (TSX:AEM). Down $5.62, or 6.2 per cent, to $84.70. Agnico Eagle Mines Ltd. says its profit fell in the fourth quarter, as it paid 75 per cent of base salaries to its Nunavut-based workforce, which has been at home under COVID-19 guidelines. The company says it had fourth-quarter net income of US$205.2 million, or 85 cents US per basic share, compared with net income of US$331.7 million, or US$1.39 per basic share, in the fourth quarter of 2019. The Canadian gold mining company says revenue from mining operations was $928.4 million in the three months ending Dec. 31, compared with $753.1 million in the same period of 2019. The company says 285 of its employees tested positive for COVID-19 during the fourth quarter, mostly in Mexico, with a majority of cases detected by the company's screening protocols.

This report by The Canadian Press was first published Feb. 12, 2021.

The Canadian Press