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 (20,145.25, down 85.01 points.)

TC Energy Corp. (TSX:TRP). Energy. Down 80 cents, or 1.27 per cent, to $62.22 on 16.5 million shares.

Bombardier Inc. (TSX:BBD.B). Industrials. Up one cent, or 0.79 per cent, to $1.28 on 10.3 million shares.

The Bank of Nova Scotia. (TSX:BNS). Financials. Down 65 cents, or 0.8 per cent, to $80.24 on 8.6 million shares.

Suncor Energy Inc. (TSX:SU). Energy. Down 95 cents, or 3.13 per cent, to $29.36 on 5.7 million shares. 

Enbridge Inc. (TSX:ENB). Energy. Down 32 cents, or 0.65 per cent, to $49.16 on 5.4 million shares. 

BlackBerry Ltd. (TSX:BB). Technology. Up 89 cents, or 5.96 per cent, to $15.83 on 4.9 million shares.

Companies in the news: 

Rogers Communications Inc. (TSX:RCI.B). Up 44 cents to $65.12. While Montreal Canadiens fans are stoked to see their team’s first Stanley Cup final series since 1993, it could be just as exciting for Rogers Sports and Media. Rogers paid about $5.2 billion for the Canadian media rights to National Hockey League games in a 12-year deal that runs through the 2025-26 season. But the media landscape has changed since Rogers signed the landmark deal in November 2013, with a growing portion of the audience coming from streaming services. With the puck set to drop on Game 1 of the Cup final on Monday, Queen’s University marketing professor Ken Wong said digital media can provide a level of detail about the audience that’s not possible with older forms of mass media. David Mear, director of business solutions for Horizon Media Canada, agreed that digital media are making inroads, but he still puts more weight on television’s ability to deliver results for advertisers. He said it is significantly more expensive to run a 30-second advertising spot on TV because it has a larger audience compared with on a streaming service. Anthony Attard, vice-president of sales for Sportsnet, part of Rogers Sports and Media, said advertisers have shown strong interest with this year’s Stanley Cup playoffs — which began with four Canadian teams battling each other in the first two rounds.

Canadian National Railway Co. (TSX:CNR). Down 79 cents to $130.25. Canada’s two largest railways remain at loggerheads about the first major U.S. railway acquisition in more than 20 years as the deadline for public comments about CN’s voting trust for Kansas City Southern comes to a close. The U.S. Surface Transportation Board has received hundreds of comments about Canadian National Railway Co.’s tie-up with the small U.S. railway by Monday’s deadline. Montreal-based CN says it is confident that its “transaction will receive all necessary approvals” and that it will ultimately combine with KCS. Regulatory approval of CN’s voting trust for Kansas City Southern would allow KCS shareholders to receive US$325 per share in stock and cash if they approve the transaction without waiting for the deal itself to be approved. KCS would be independently managed pending completion of the STB’s review of the proposed transaction. In a filing Monday before the deadline, CN said it has received more than 1,650 letters of support for its deal with KCS, including 940 for the voting trust. Railway rival Canadian Pacific Railway Ltd. said it plans to file comments showing that the public interest costs of CN’s voting trust outweigh “non-existent benefits.”

Hydro One Inc. (TSX:H). Down 12 cents to $30.24. Hydro One Inc. has reached a tentative contract agreement with the union that represents about 1,800 employees in critical engineering, supervisory and administrative jobs. Terms of the two-year deal with the Society of United Professionals were not immediately available. Union members are expected to vote on the agreement by the end of July. Michelle Johnston, president of the Society of United Professionals, says the agreement provides stability as Ontarians turn their minds to pandemic recovery. Hydro One is Ontario’s largest electricity transmission and distribution provider. It has approximately 8,700 employees.

This report by The Canadian Press was first published June 28, 2021.

The Canadian Press