TORONTO — Some of the most active companies traded Monday on the Toronto Stock Exchange:
Toronto Stock Exchange (18,299.62, up 239.36 points.)
Suncor Energy Inc. (TSX:SU). Energy. Up 32 cents, or 1.27 per cent, to $25.59 on 22.6 million shares.
Manulife Financial Corp. (TSX:MFC). Financials. Up 64 cents, or 2.52 per cent, to $26.01 on 8.6 million shares.
ClearStream Energy Services Inc. (TSX:CSM). Energy. Up 1.5 cents, or 21.43 per cent, to 8.5 cents on 8.1 million shares.
Cenovus Energy Inc. (TSX:CVE). Energy. Down one cent, or 0.11 per cent, to $9.41 on 7.8 million shares.
The Supreme Cannabis Co. Inc. (TSX:FIRE). Health care. Up one cent, or 3.51 per cent, to 29.5 cents on seven million shares.
Great-West Lifeco Inc. (TSX:GWO). Financials. Up 71 cents, or 2.18 per cent, to $33.28 on 6.3 million shares.
Companies in the news:
Air Canada (TSX:AC). Up $1.20, or 4.8 per cent, to $26.30. Air Canada is simplifying its regional operations amid COVID pressures by reaching a deal to make Chorus Aviation Ltd.'s Jazz Aviation subsidiary the exclusive operator of Air Canada Express flights. The change means Air Canada will transfer operation of its 25 Embraer E175 fleet to Jazz from Sky Regional, where they have operated for a decade. Jazz will become sole partner for regional flying for aircraft with at least 70 seats until 2025. It will also remove 19 Dash 8-300s from its fleet this year. Air Canada said it expects to save $400 million over 15 years and avoid an estimated $193 million in future capital expenditures.
CAE Inc. (TSX:CAE). Up $4.30, or 12.8 per cent, to $37.98. CAE Inc. announced a deal Monday with U.S. company L3Harris Technologies to buy the company's military training business for US$1.05 billion. The L3Harris military training business includes Link Simulation & Training, Doss Aviation and AMI. CAE said the L3Harris businesses will add experience in the development and delivery of training systems for fighter and bomber aircraft, army rotary-wing platforms, submarines and remotely piloted aircraft. To help pay for the L3Harris deal, CAE will raise C$700 million in an agreement with Caisse de depot et placement du Quebec and GIC Private Ltd., a sovereign wealth fund based in Singapore.
This report by The Canadian Press was first published March 1, 2021.
The Canadian Press
