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Most actively traded companies on the Toronto Stock Exchange

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

Toronto Stock Exchange (17,296.93, up 106.68 points.)

BlackBerry Ltd. (TSX:BB). Technology. Up $1.43, or 18.69 per cent, to $9.08 on 40.4 million shares.

Bombardier Inc. (TSX:BBD.B). Industrials. Down 3.5 cents, or 6.6 per cent, to 49.5 cents on 20.8 million shares.

Hexo Corp. (TSX:HEXO). Health care. Down five cents, or 3.5 per cent, to $1.38 on 18.3 million shares.

Aurora Cannabis Inc. (TSX:ACB). Health care. Down $2.63, or 17.25 per cent, to $12.62 on 15.1 million shares.

Suncor Energy Inc. (TSX:SU). Energy. Down 13 cents, or 0.63 per cent, to $20.64 on 15.1 million shares.

Aphria Inc. (TSX:APHA). Health care. Down $1, or 9.17 per cent, to $9.91 on 8.4 million shares.

Companies in the news:

BlackBerry Ltd. — Shares in BlackBerry Ltd. gained as much as 63.9 per cent in intraday trading on Tuesday following news of a deal with Amazon Web Services to develop and market BlackBerry's intelligent vehicle data platform, called IVY. The companies said they had settled on a multi-year, global agreement to develop and market IVY, a scalable, cloud-connected software platform that will give automakers a new way to read vehicle sensor data. They said automakers will be able to use that information to create responsive in-vehicle services that enhance driver and passenger experiences. Financial terms of the agreement were not immediately available. Amazon Web Services is a subsidiary of internet giant Amazon.com Inc. that provides on-demand cloud computing platforms.

Bombardier Inc. — Bombardier and Alstom say they have received all the necessary regulatory approvals required to complete the US$8.4-billion sale of the Canadian company's railway division to Alstom. The companies say they now expect the transaction to close on Jan. 29, 2021. Bombardier has been working to transform itself from a maker of trains and aircraft into a company focused on business jets. Alstom shareholders voted to approve the deal on Oct. 29. The sale is expected to make Alstom the second-largest manufacturer of rolling stock, behind China's CRRC. Alstom has committed to establish its North American headquarters in Montreal, which will oversee 13,000 employees, set up a research centre and improve production at the Bombardier Transport plant in La Pocatiere, where the order book is almost empty.

Imperial Oil Ltd. (TSX:IMO). Up 42 cents or 1.9 per cent to $22.90. Shares in Imperial Oil Ltd. rose after it announced late Monday it would write down up to $1.2 billion on Canadian assets it doesn't think it will ever develop. In a brief news release, it said it has reassessed the long-term development plans of its unconventional natural gas portfolio in Alberta and no longer plans to develop a "significant potion" of those assets. It says that will result in a non-cash writedown of between $900 million and $1.2 billion in the current quarter. Imperial said the exploration lands it is shelving haven't been developed and aren't producing, adding the move doesn't include natural gas prospects that are also rich in petroleum liquids. Last week, the Calgary-based company said it would lay off about 200 of its 6,000 employees across Canada as part of a cost-cutting initiative due to low oil prices, adding it has reduced the number of contractors it employs by about 450 since the start of the year.

Bank of Montreal (TSX:BMO). Up $3.19 or 3.4 per cent to $96.52. Canadian bank executives say an economic rebound is on its way after months of governments and financial institutions working to offset turmoil with loans, deferrals, interest rate cuts and subsidies. The chief executives of Bank of Nova Scotia and BMO Financial Group said Tuesday that they are starting to see signs of improvement and are feeling reassured by countries like Canada, the U.S., Chile and Peru, which have spent on average 17 per cent of their gross domestic product on relief measures. Scotiabank's provisions for credit losses in its latest quarter totalled $1.1 billion, up from $753 million a year ago, but down from nearly $2.2 billion in the third quarter. BMO's amounted to $432 million, up from $253 million a year ago, but down from nearly $1.1 billion in its third quarter.

Suncor Energy Inc. (TSX:SU). Down 13 cents to $20.64. Suncor Energy Inc. is forecasting higher spending and production in 2021 based on benchmark U.S. oil prices staying near their current levels of around US$45 per barrel. It says it predicts daily oil and gas production between 740,000 and 780,000 barrels of oil equivalent in 2021, an increase of about 10 per cent compared with this year, driven by higher bitumen output from its oilsands operations. It expects capital spending of between $3.8 billion and $4.5 billion, including sustaining capital of $2.9 billion to $3.4 billion, an increase of about nine per cent over 2020's expected spending of $3.6 billion to $4.0 billion. The Calgary-based company forecasts refinery throughput of 415,000 to 445,000 barrels per day based on a utilization rate of between 90 and 96 per cent.

This report by The Canadian Press was first published Dec. 1, 2020.

News from © The Canadian Press, 2020
The Canadian Press

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