TORONTO – Some of the most active companies traded Wednesday on the Toronto Stock Exchange:
Toronto Stock Exchange (20,401.49, up 157.20 points.)
Baytex Energy Corp. (TSX:BTE). Energy. Up 34 cents, or 12.14 per cent, to $3.14 on 14.9 million shares.
Canadian Natural Resources (TSX:CNQ). Energy. Up $1.61, or 3.87 per cent, to $43.25 on 10.7 million shares.
Suncor Energy Inc. (TSX:SU). Energy. Up 86 cents, or 3.54 per cent, to $25.13 on 10.5 million shares.
Cenovus Energy Inc. (TSX:CVE). Energy. Up 80 cents, or 7.39 per cent, to $11.62 on 7.5 million shares.
Bombardier Inc. (TSX:BBD.B). Industrials. Up seven cents, or 3.83 per cent, to $1.90 on 6.2 million shares.
Denison Mines Corp. (TSX:DML). Materials. Down four cents, or 2.22 per cent, to $1.76 on 4.7 million shares.
Companies in the news:
Aurora Cannabis Inc. (TSX:ACB). Down five cents to $7.67. Aurora Cannabis Inc. said eight per cent of its global workforce will be impacted by the forthcoming closure of one of its Alberta facilities. The cannabis company announced Wednesday that it is closing its Aurora Polaris property in Edmonton as part of a plan to streamline its operations. An Alberta government website detailing major projects in the region shows the Aurora Polaris facility was about 2,787 square meters with one-third of the space dedicated to warehousing and distribution of cannabis products and the remainder hosting product manufacturing. The website says the property had an estimated cost of $50 million and was adjacent to an Aurora Sky facility by the Edmonton International Airport. Aurora Polaris’ medical distribution operations will move to the Aurora Sky facility, while manufacturing will be relocated to Aurora River in Bradford, Ont. Aurora, which is headquartered in Edmonton, will keep its corporate office in Alberta. The changes come after the company moved the release of its fourth-quarter earnings from Sept. 21 to Sept. 27.
CIBC (TSX:CM). Up 75 cents to $143.69. CIBC has unveiled its first new logo in almost 20 years as the bank looks to refresh its image. The Toronto-based bank says the rebrand comes after it has expanded its platform across North America and is now focused on “meeting the needs and expectations of clients on both sides of the border.” As part of its modernizations CIBC is also working to finish construction of CIBC Square, its new global headquarters in Toronto. The bank says the new logo is inspired by its 1966 double-chevron logo that it created to celebrate the bank’s 100-year anniversary. CIBC last updated its logo in 2003. The bank says it will launch the new brand on Thursday and roll it out on banking products and locations over the coming year.
This report by The Canadian Press was first published Sept. 22, 2021.