TORONTO — Some of the most active companies traded Friday on the Toronto Stock Exchange:
Toronto Stock Exchange (21,357.56, up 64.60 points.)
Suncor Energy Inc. (TSX:SU). Energy. Up 59 cents, or 1.7 per cent, to $35.45 on 12.1 million shares.
The Toronto-Dominion Bank (TSX:TD). Financials. Up 73 cents, or 0.7 per cent, to $102.46 on 10.8 million shares.
Enbridge Inc. (TSX:ENB). Energy. Up 11 cents, or 0.2 per cent, to $52.30 on 10 million shares.
Royal Bank of Canada (TSX:RY). Financials. Up $1.89, or 1.3 per cent, to $147.29 on 7.6 million shares.
Cenovus Energy Inc. (TSX:CVE). Energy. Up 60 cents, or 3.3 per cent, to $18.64 on 7.1 million shares.
Baytex Energy Corp. (TSX:BTE). Energy. Up 21 cents, or 4.9 per cent, to $4.52 on 6.7 million shares.
Companies in the news:
Cenovus Energy Inc. — Canada's largest oilsands companies have formed a new advocacy group called the Oil Sands Alliance. The new group was established Jan. 1 and is made up of Suncor Energy Inc., Cenovus Energy Inc., Imperial Energy Ltd., Canadian Natural Resources Ltd. and ConocoPhillips. These companies are also part of the Oil Sands Pathways to Net Zero alliance, a group of oilsands companies that have publicly pledged to work together to reach the goal of net-zero greenhouse gas emissions by 2050. Pathways to Net Zero director Al Reid says the specific opportunities and challenges facing the oilsands industry requires the specialized focus of its own industry group. He says oilsands companies will continue to remain active members of the Canadian Association of Petroleum Producers (CAPP), the country's largest oil and gas lobby group. It is not known if the new Oil Sands Alliance will be engaged in lobby work. Reid says the organization is focused on developing its overall structure, with more details to be announced in future.
Empire Co. Ltd. (TSX:EMP.A). Down 45 cents or 1.2 per cent to $37.69. Retail workers say the refusal by Canada's grocers to reinstate "hero pay'' has left them feeling forgotten, unappreciated and at risk as the Omicron wave leaves many stores short-staffed amid renewed consumer stockpiling. Multiple grocery store workers say they are busier than ever, with more staff calling in sick in the last two weeks than during the entire pandemic. Shoppers are also once again "clearing the shelves" and stocking up on food, increasing workloads and compounding labour shortages in stores, they say. But the $2-an-hour pay premium Loblaws, Metro and Sobeys offered workers during the first wave of COVID-19 made a difference. While the grocers offered a mix of bonuses, gift cards or other benefits during subsequent waves of the pandemic, none appeared to be offering any additional pay as a result of the Omicron surge. Empire Co. Ltd.'s Sobeys has committed to reinstating its "hero pay" when regions or provinces go back into lockdowns that close all non-essential retail.
Big Rock Brewery Inc. (TSX:BR). Down 10 cents or 1.9 per cent to $5.15. Big Rock Brewery Inc. says its chief financial officer is resigning, effective Feb. 11. The Calgary-based brewer says Don Sewell is stepping down from his position to take a new job in a different industry. Big Rock CEO Wayne Arsenault thanked Sewell for his contributions to the business. Bill Hahn, Big Rock's director of finance, will take over as interim CFO. The company says it will begin a search for a permanent CFO to help support and accelerate its growth plans. Big Rock has brewing operations in Calgary, Vancouver and Toronto.
This report by The Canadian Press was first published Jan. 14, 2022.
The Canadian Press