TORONTO — Some of the most active companies traded Friday on the Toronto Stock Exchange:
Toronto Stock Exchange (20,197.61, up 15.69 points.)
Western Energy Services Corp. (TSX:WRG). Energy. Unchanged at three cents on 22.3 million shares.
Great-West Lifeco Inc. (TSX:GWO). Up 23 cents, or 0.7 per cent, to $33.50 on 9.9 million shares.
Crescent Point Energy Corp. (TSX:CPG). Energy. Down five cents, or 0.5 per cent, to $9.71 on 7.4 million shares.
Suncor Energy Inc. (TSX:SU). Energy. Up 30 cents, or 0.6 per cent, to $48.87 on seven million shares.
Barrick Gold Corp. (TSX:ABX). Materials. Up nine cents, or 0.3 per cent, to $26.65 on 6.8 million shares.
Cenovus Energy Inc. (TSX:CVE). Energy. Up 34 cents, or 1.3 per cent, to $27.41 on 6.1 million shares.
Companies in the news:
Resolute Forest Products Inc. (TSX:RFP). Down $1.09 or 6.1 per cent to $16.85. Unifor says workers it represents at Resolute Forest Products' pulp and paper mills in Canada have voted to approve a new contract reached last week. The union says 89.5 per cent voted in favour of the four-year agreement that it says will serve as a basis for negotiations with all other employers in the forest industry. The master agreement covers seven of Resolute's pulp and paper mills in Canada. The deal includes average wage increases of between 20 and 24 per cent in total over the life of the agreement. Unifor says it also includes the establishment of a women's representative in each plant as well as significant enhancements to group benefits and other improvements. The union says the agreement with Resolute covers 700 members, but nearly 15,000 members will be impacted by the model contract in Ontario, Quebec and the Atlantic provinces.
Alimentation Couche-Tard Inc. (TSX:ATD). Up eight cents to $55.61. Alimentation Couche-Tard Inc. says it has deployed the first of hundreds of electric vehicle fast chargers that will be available at 200 locations across North America over the next two years. The convenience store retailer says the first fast charger was activated Friday at a new prototype Circle K store in Rock Hill, S.C. The Quebec-based company, which has charging stations in Europe, says it will use the Rock Hill site to better understand customer needs, track driver usage and evaluate impacts on in-store traffic. The city was selected as the first site for EV charging because of its location along a fast-growing commuter and travel corridor in a major metropolitan area where EV traffic is anticipated to grow. Network expansion in the U.S. and Canada will be in areas with strong EV adoption and available electric delivery infrastructure. The company introduced EV charging stations four years ago in Norway, where electric vehicles are common. It has a network of more than 1,000 chargers at more than 230 Circle K stores in Norway, Sweden and Denmark.
NFI Group Inc. (TSX:NFI). Down 19 cents or 1.4 per cent to $12.97. NFI Group Inc. says it is closing a factory in Pembina, N.D., later this year as part of a new cost-cutting plan. The company says the Motor Coach Industries manufacturing facility is expected to close in the fourth quarter of this year. Brian Dewsnup, acting president and chief executive, says the closure follows a detailed review of the company's manufacturing footprint. NFI also said it will integrate its Delaware parts distribution facility into its existing NFI Parts footprint. Last month, NFI cut its revenue forecast for the second time in seven months, citing a global shortage of microprocessors. The Winnipeg-based company said it is working with alternative suppliers but expected it will need to lower production at some plants.
This report by The Canadian Press was first published May 20, 2022.
The Canadian Press