TORONTO — Some of the most active companies traded Wednesday on the Toronto Stock Exchange:
Toronto Stock Exchange (21,932.18, down 142.17 points.)
TC Energy Corp. (TSX:TRP). Energy. Up 35 cents, or 0.5 per cent, to $70.72 on 15 million shares.
Suncor Energy Inc. (TSX:SU). Energy. Up 65 cents, or 1.6 per cent, to $41.41 on 13.2 million shares.
Toronto-Dominion Bank (TSX:TD). Financials. Down $1.85, or 1.8 per cent, to $101.06 on 9.2 million shares.
Cenovus Energy Inc. (TSX:CVE). Energy. Up 24 cents, or 1.2 per cent, to $20.30 on 8.5 million shares.
Enbridge Inc. (TSX:ENB). Energy. Down 18 cents, or 0.3 per cent, to $56.62 on 7.1 million shares.
Baytex Energy Corp. (TSX:BTE). Energy. Up 14 cents, or 2.5 per cent, to $5.77 on 6.7 million shares.
Companies in the news:
Canadian Pacific Railway Ltd. (TSX:CP). Down 25 cents to $102.55. Business groups advocating for rail to be declared an essential service in the wake of this week's temporary work stoppage at CP Rail say a "permanent" solution is needed to ease this country's supply chain woes. Fertilizer Canada chief executive Karen Proud said that since 2019, her industry has dealt with strikes at Canadian National Railway Co. and the Port of Montreal, in addition to the most recent labour dispute at CP. That's on top of other supply chain disruptions that have resulted from COVID-19, natural disasters like wildfires and flooding, and recent border blockades and protests. While CP employees are back at work after the Teamsters Canada Rail Conference and the Calgary-based company agreed Tuesday to final and binding arbitration to end a 48-hour work stoppage, Proud said many business groups are jittery about the prospect of future labour-related supply chain disruptions — especially as a number of important collective agreements, including contracts between CP rival Canadian National Railway Co. and its employees, are set to expire later this year. While there's no doubt that rail is a vital piece of the Canadian economy, said University of Manitoba supply chain management expert Barry Prentice, for the federal government to designate railworkers as essential and take away their right to strike would represent a "slippery slope."
This report by The Canadian Press was first published March 23, 2022.
The Canadian Press
