TORONTO — Some of the most active companies traded Tuesday on the Toronto Stock Exchange:
Toronto Stock Exchange (21,717.16, up 34.08 points.)
Enbridge Inc. (TSX:ENB). Energy. Up seven cents, or 0.14 per cent, to $50.66 on 14.9 million shares.
Manulife Financial Corp. (TSX:MFC). Financials. Up 94 cents, or 3.78 per cent, to $25.81 on 13.2 million shares.
Sun Life Financial Inc. (TSX:SLF). Financials. Up 28 cents, or 0.4 per cent, to $70.64 on 9.3 million shares.
Suncor Energy Inc. (TSX:SU). Energy. Down 30 cents, or 0.92 per cent, to $32.16 on 6.5 million shares.
Bombardier Inc. (TSX:BBD.B). Industrials. Down six cents, or 3.16 per cent, to $1.84 on 5.3 million shares.
Cenovus Energy Inc. (TSX:CVE). Energy. Down 16 cents, or 1.02 per cent, to $15.56 on 4.5 million shares.
Companies in the news:
Canadian Pacific Railway Ltd. (TSX:CP). Up 71 cents to $97.05. Canada's two largest railways expect it will take another couple of days before their main lines in southern British Columbia reopen after service was cut by torrential rain, rock slides and mudslides that caused at least one partial derailment. Montreal-based Canadian National Railway Co. says it is experiencing mudslides and washouts near Yale, B.C., and one partial derailment on a CP-owned track. CN chief operating officer Rob Reilly said heavy rain made the tracks impassable. The track outages are hampering the movement of goods to and from the country's largest port in Vancouver, at the same time as global supply chains are facing challenges that have led to shortages. Canadian Pacific Railway Ltd. says the company is experiencing a track outage north of Hope, B.C., that is affecting rail service in the region. Marketing chief John Brooks said the railway's team is working to restore services along its busiest corridor.
Lynx Air — A new Canadian airline announced its planned launch Tuesday, joining an increasingly crowded field of carriers jockeying for budget-minded travellers as the country emerges from the COVID-19 pandemic. At an event at the Calgary International Airport, its new headquarters, startup Lynx Air announced its intention to begin flying sometime in 2022. Lynx, formerly known as Enerjet — a Calgary-based charter airline that announced in 2018 that it intended to transform itself into a commercial discount carrier — has some experienced aviation industry players behind it. The privately held company was founded by an investor group headed by Tim Morgan, a former senior executive at WestJet Airlines Ltd. Lynx's chief executive will be Merren McArthur, the former CEO of Tigerair Australia, Virgin Australia Regional Airlines and Virgin Australia Cargo. McArthur said Tuesday that Lynx will operate under the ultra-low-cost carrier model, which means passengers will be offered basic, bare-bones discount fares and then be charged extra for additional services like checked bags and cancellations.
This report by The Canadian Press was first published Nov. 16, 2021.
The Canadian Press
