TORONTO — Some of the most active companies traded Tuesday on the Toronto Stock Exchange:
Toronto Stock Exchange (21,187.84, up 7.06 points.)
Canadian Natural Resources (TSX:CNQ). Energy. Down 32 cents, or 0.4 per cent, to $73.83 on 16.9 million shares.
Suncor Energy Inc. (TSX:SU). Energy. Down $1.47, or 3.7 per cent, to $37.95 on 12.9 million shares.
Enbridge Inc. (TSX:ENB). Energy. Down eight cents, or 0.1 per cent, to $56.23 on 11.4 million shares.
Baytex Energy Corp. (TSX:BTE). Energy. down 20.5 cents, or 3.6 per cent, to $5.45 on 11.3 million shares.
Athabasca Oil Corp. (TSX:ATH). Energy. Down 10 cents, or 4.7 per cent, to $2.03 on 11 million shares.
Manulife Financial Corp. (TSX:MFC). Financials. Down 87 cents, or 3.4 per cent, to $24.52 on 10.5 million shares.
Companies in the news:
Restaurant Brands International Inc. (TSX:QSR). Down nine cents to $71.94. Tim Hortons is taking its coffee, doughnuts and Timbits to India. The coffee chain says it will open its first location in the country later this year as part of an agreement with a joint venture owned by Apparel Group and Gateway Partners. The company says the first restaurant is set to open in New Delhi with plans for over 300 locations across the country over the next 10 years. Tim Hortons is owned by Restaurant Brands International Inc., which also owns Burger King, Popeyes and Firehouse Subs. RBI International president David Shear says the launch in India is another step in the company's continuing international expansion plans. Tim Hortons already has over 5,100 restaurants across 13 countries including the United States, Mexico, Spain, the United Kingdom, across the Middle East, China, Thailand and the Philippines.
Walmart Inc. — Walmart Inc. is making Toronto one of a pair of new global tech hubs, with plans to hire hundreds of workers at the two sites. The retail giant says it chose Canada's largest city and Atlanta as hubs because of their growing tech sector presence and their broad and diverse local talent pools. The initial hiring phase in Toronto will include 45 full-time roles in software development, technical program management and product management. Initial hiring in Atlanta is expected to include 140 new full-time roles. Walmart says deploying the latest technology is part of a $3.5-billion investment for Canada announced in 2020 to make the online and in-store experience simpler, faster and more convenient for its customers. The company also says that the development of this technology hub will keep homegrown tech talent in Canada. The expansion is part of Walmart Global Tech's plan to hire more than 5,000 employees globally this fiscal year. The addition of Toronto and Atlanta will increase the number of Walmart Global Tech hubs to 16, including Seattle and Chennai, India. The number of global tech employees increased 26 per cent last year to 20,000.
Honda Canada Inc. — A division of Honda Canada Inc. is set to announce Wednesday that it will spend $1.38 billion to upgrade an Ontario manufacturing plant, an investment that includes millions in funding from the federal and provincial governments. Honda Canada spokesman John Bordignon confirmed that the 2023 CRV and CRV Hybrid will be built in the company's Alliston, Ont., plant. A draft news release obtained by The Canadian Press says it will be the lead plant for the 2023 CR-V Hybrid crossover. The release says the federal and provincial governments will chip in $131.6 million each for the plant's overhaul for a total investment of about $263 million. The investments were confirmed by a government source. Honda has promised to go fully electric by 2040, making the hybrid vehicle plant announcement a key step on the way toward meeting its goal. Several automakers operating in Canada have made commitments to electric vehicle assembly over the past two years, bolstered by provincial and federal government funding. The release says Honda has the capacity to produce more than 400,000 vehicles and 190,000 engines annually, including the Honda Civic and CR-V models for the Canadian and North America markets, as well as for export. Approximately 100,000 Canadian-built Civic and CR-V units are sold annually in Canada.
This report by The Canadian Press was first published March 15, 2022.
The Canadian Press