By The Canadian Press
Thu., June 24, 2021timer3 min. read
TORONTO – Some of the most active companies traded Thursday on the Toronto Stock Exchange:
Toronto Stock Exchange (20,215.12, up 50.73 points.)
Bombardier Inc. (TSX:BBD.B). Industrials. Up six cents, or 5.17 per cent, to $1.22 on 8.6 million shares.
Manulife Financial Corp. (TSX:MFC). Financials. Up 37 cents, or 1.55 per cent, to $24.18 on 5.8 million shares.
Canadian Natural Resources (TSX:CNQ). Energy. Up 28 cents or 0.63 per cent, to $44.91 on 5.2 million shares.
Power Corp. of Canada. (TSX:POW). Financials. Up 14 cents, or 0.35 per cent, to $40.24 on 4.7 million shares.
Suncor Energy Inc. (TSX:SU). Energy. Up 27 cents, or 0.89 per cent, to $30.67 on 4.5 million shares.
Kinross Gold Corp. (TSX:K). Materials. Up 13 cents, or 1.66 per cent, to $7.97 on 3.5 million shares.
Companies in the news:
Canada Goose Holdings Inc. (TSX:GOOS). Up $1.74 or 3.4 per cent to $52.04. Canada Goose Holdings Inc., the luxury parka maker known for its coyote fur-trimmed hoods, will stop using fur in its products by the end of next year, the company said Thursday. The decision came as upscale department store chain Holt Renfrew said it will stop selling all animal fur and exotic skins within the same time frame. The parallel announcements follow a string of similar decisions in recent years by U.S. retailers like Macy’s and brands like Gucci and Michael Kors. The removal of fur from fashion collections and store shelves signals a changing tide in the apparel industry as consumer concerns over animal welfare increase, industry experts say. Ending the use of fur also allows brands and retailers to appeal to more consumers, said Farla Efros, president of HRC Retail Advisory. The luxury parka maker has been using wild coyote fur from Western Canada and the U.S. The change comes after the company said last year that it would start using reclaimed fur and stop purchasing new fur in 2022.
Ensign Energy Services Inc. (TSX:ESI). Down eight cents or 3.5 per cent to $2.19. Oilfield services company Ensign Energy Services Inc. says it has signed a deal to buy the Canadian drilling assets of Nabors Industries Ltd. Financial terms of the agreement were not immediately available. The companies say the deal includes Nabors’ fleet of 35 land-based drilling rigs in Canada, as well as related equipment and certain other property. Robert Geddes, Ensign’s president and chief operating officer, says the deal gives Ensign an expanded fleet of drilling rigs along with highly trained crews. Ensign provides contract drilling and other services in Canada, the U.S. and internationally. The deal is subject to certain closing conditions and regulatory approvals.
TD Bank Group. (TSX:TD). Up 17 cents to $87.17. TD Bank Group says Bob Dorrance will retire as chief executive of TD Securities in September, a move that will prompt several other executive changes. TD says Dorrance will retire effective Sept. 1, but remain chairman of TD Securities and serve as a special adviser to TD CEO Bharat Masrani. Dorrance has been head of TD Securities since 2005, leading the division through the 2008-09 financial crisis as well as the recent turmoil caused by the pandemic. He will be replaced by Riaz Ahmed, TD’s chief financial officer, who will become group head for wholesale banking and CEO of TD Securities. Replacing Ahmed as chief financial officer, TD says, will be Kelvin Tran, who is its executive vice-president of enterprise finance. The bank also said Barbara Hooper, executive vice-president of treasury, corporate development and strategic sourcing, will join the bank’s senior executive team, reporting to Masrani.
This report by The Canadian Press was first published June 24, 2021.