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Most actively traded companies on the Toronto Stock Exchange

TORONTO - Some of the most active companies traded Monday on the Toronto Stock Exchange:

Toronto Stock Exchange (15,696.87, up 116.23 points.)

Toronto Stock Exchange (15,696.87, up 116.23 points.)

Enbridge Inc. (TSX:ENB). Energy. Down 30 cents, or 0.82 per cent, to $36.41 on 7.4 million shares.

Monarch Gold Corp. (TSX:MQR). Materials. Up 12 cents, or 27.27 per cent, to 56 cents on 6.9 million shares.

Suncor Energy Inc. (TSX:SU). Energy. Up 52 cents, or 3.46 per cent, to $15.55 on 6.8 million shares.

Toscana Energy Income Corp. (TSX:TEI). Energy. Unchanged at half a cent on 6.1 million shares.

Manulife Financial Corp. (TSX:MFC). Financials. Up 13 cents, or 0.72 per cent, to $18.19 on 5.6 million shares.

Aphria Inc. (TSX:APHA). Health care. Up 66 cents, or 11.02 per cent, to $6.65 on 5.5 million shares.

Companies in the news:

Companies in the news:

Dorel Industries Inc. (TSX:DII.B). Up 66 cents or 4.6 per cent to $15.05. Dorel Industries Inc. stock gained nearly five per cent Monday after the company announced a going-private deal with a group led by Cerberus Capital Management and the family that controls the consumer products company. The preliminary offer — which values the maker of car seats, strollers, bicycles and home furniture at approximately $470 million — is subject to further negotiation between Dorel's independent directors and the family that controls Dorel through multiple-voting shares. Under the proposed deal, announced before markets opened Monday, the buying group would pay $14.50 per share for the shares. Karl Moore, an associate professor at McGill University's business school, said companies sometimes go private if they anticipate a difficult period ahead.

Iamgold Corp. (TSX:IMG). Up two cents to $4.90. Iamgold Corp. says it has shut down operations at its Westwood underground gold mine in southern Quebec following a "seismic event" on Friday afternoon. The Toronto-based company says all employees were safely brought to the surface after the event, which occurred at about 2:30 p.m. ET. The company adjusted the way it operates the mine after reporting increased seismic activity there in late 2018. Gold production for 2019 fell 29 per cent to 91,000 ounces due to lower throughput and ore grades. Modified production guidance for Westwood based on a life of mine plan led to the company recognizing an impairment charge of $395 million in 2019. The mine, which began commercial production in July 2014, was suspended from March 25 to April 15 this year due to COVID-19 lockdowns in Quebec.

Rocky Mountain Dealerships Inc. (TSX:RME). Up $1.46 or 26.4 per cent to $1.46. Publicly traded Rocky Mountain Dealerships Inc. says it has struck a deal with its chairman and CEO through which it will become a private company. A numbered company controlled by chairman Matthew Campbell and CEO Garrett Ganden has agreed to pay $7 each for the shares they don't currently own, said the Calgary-based firm on Monday. The arrangement values the company, which says it is the largest farm equipment dealer in Canada with 36 locations in Alberta, Saskatchewan and Manitoba, at $135 million (or $188 million including debt and lease obligations and excluding floor plan payables). While reporting third-quarter financial results last week, Ganden said Rocky Mountain is focusing on strengthening its balance sheet despite the recent above-average Canadian harvest in view of ongoing uncertainty surrounding the COVID-19 pandemic and trade disputes.

Bombardier Recreational Products Inc. (TSX:DOO). Up $1.81 or 2.5 per cent to $73.77. BRP and Arctic Cat say they have reached a global settlement to ongoing intellectual property disputes between the two makers of snowmachines. Under terms of the confidential settlement agreement, two active court cases in the U.S. and in Canada will be dismissed. Among the matters resolved is the dispute related to BRP’s patents that place the rider closer to the front of the sled and Arctic Cat’s full-sized snowmobiles with pyramidal frame designs. Arctic Cat, a subsidiary of Textron Inc., and its Canadian dealers will be allowed to immediately resume the sale and delivery of its full lineup of snowmobiles in Canada. The settlement comes nearly five months after a Canadian Federal Court judge ruled BRP is entitled to $2.83 million in damages from its rival due to a snowmobile patent infringement.

This report by The Canadian Press was first published Nov. 2, 2020.

News from © The Canadian Press, 2020
The Canadian Press

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