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Most actively traded companies on the Toronto Stock Exchange

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TORONTO — Some of the most active companies traded on the Toronto Stock Exchange on Wednesday:

Toronto Stock Exchange (19,004.04, down 253.25 points.)

Voyager Digital Ltd. (TSX: VOYG). Technology. Down 84 cents, or 52.5%, to 76 cents on 10.5 million shares.

Baytex Energy Corp. (TSX: BTE). Energy. Down 86 cents, or 12.0%, to $6.30 on 10.5 million shares.

Canadian Natural Resources (TSX: CNQ). Energy. Down $3.61, or 5.1%, to $67.36 on 9.8 million shares.

Suncor Energy Inc. (TSX: SU). Energy. Down $2.51, or 5.2%, to $45.61 on 9.6 million shares.

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Athabasca Oil Corp. (TSX:ATH). Energy. Down 31 cents, or 10.8%, to $2.56 on 9.3 million shares.

Barrick Gold Corp. (TSX:ABX). Materials. Down 19 cents, or 0.8%, to $25.11 on 9.1 million shares.

Companies in the news:

Empire Co.Ltd. (TSX: EMP.A). Down $3.69 or 9% at $37.22. The foods entering grocery shopping carts in Canada are changing as consumers face an almost 10% increase in food prices, said Michael Medline, president and chief executive officer of Empire and from Sobeys. Canadians are shopping more, reducing impulse purchases by sticking to shopping lists and switching from more expensive items to more affordable products or brands, he said. They also seek out more sales, switch to discount banners, and sometimes buy less overall. Loblaw Companies Ltd. and Metro Inc. have shared similar details about changing shopping habits over the past few months. Medline’s comments came as Empire reported fourth-quarter profit of $178.5 million, up from $171.9 million a year earlier, as its sales also rose. Sales in the 14 weeks ending May 7 totaled $7.84 billion, down from $6.92 billion, driven by the additional week of operations, the acquisition of Longo’s, the increased fuel sales, increased food inflation and the expansion of FreshCo in Western Canada and Farm Boy. in Ontario.

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Aurora Cannabis Inc. (TSX: ACB). Down seven cents or four percent to $1.70. Aurora Cannabis Inc. announces that it is laying off 12% of its workforce as the company begins a reorganization. The Edmonton-based cannabis company confirmed the cut in an email to The Canadian Press, but did not share how many workers would be affected, what roles they held or where they were. Spokeswoman Kate Hillyar said the reorganization will allow Aurora to operate as a leaner, more agile and forward-looking company that she believes will be poised for success. She says the cuts are part of the additional $70 million to $90 million in cost savings that Aurora identified in its third-quarter results as key to its path to profitability. Several cannabis companies, including Aurora, have revamped their operations to better align supply with demand in hopes of becoming profitable over the next few years. Earlier this year, Aurora announced it would close three facilities, including one in Edmonton, where 13% of its global workforce was employed.

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Loblaw Cos. ltd. (TSX:L). Down 34 cents at $111.33. Loblaw Cos. ltd. and food delivery company DoorDash Inc. today announced a collaboration that brings fast grocery delivery service to customers in Canada. Customers will be able to order items at Loblaw retail stores, including Loblaws, Real Canadian Superstore and Shoppers Drug Mart, for DoorDash delivery in 30 minutes or less. The collaboration will begin in major Canadian cities, including Toronto, Vancouver and Calgary. Loblaw already has a grocery delivery partnership with Instacart, but the 30-minute delivery window will be exclusive to DoorDash. The deal comes as DoorDash’s stock price on the New York Stock Exchange has fallen more than 60% from its November high. Financial terms of the partnership were not disclosed.

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Canadian National Railway Company (TSX:CNR). Up to $1.15 to $142.28. Canadian National Railway Company today announced plans to invest approximately $430 million in Ontario and $365 million in Alberta this year. The Montreal-based company says the investments will focus on technology, capacity, rolling stock units and company-wide decarbonization initiatives, as well as network improvements. Transport Minister Omar Alghabra said in a press release that the announcement will help “improve the fluidity of (Canada’s) rail network against unprecedented service disruptions” over the past two years. CN Rail has invested over $1 billion in Ontario and Alberta over the past five years. The announcement comes just days after 750 CN railroad workers from across the country represented by the International Brotherhood of Electrical Workers took to the picket line. Signal and communications workers are fighting for better wages and benefits. CN said operations remain uninterrupted as part of its contingency plan. He continues to encourage the union to end the strike through an agreement or binding arbitration.

This report from The Canadian Press was first published on June 22, 2022.



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