TORONTO — Some of the most active companies traded Friday on the Toronto Stock Exchange:
Toronto Stock Exchange (12,938.30, down 159.54 points.)
Cenovus Energy Inc. (TSX:CVE). Energy. Up 11 cents, or 3.28 per cent, to $3.46 on 21.8 million shares.
Crescent Point Energy Corp. (TSX:CPG). Energy. Up 15 cents, or 11.81 per cent to $1.42 on 21.5 million shares.
Bombardier Inc. (TSX:BBD.B). Industrials. Down two cents, or 4.71 per cent, to 40.5 cents on 19.9 million shares.
MEG Energy Corp. (TSX:MEG). Energy. Up 16 cents, or 7.62 per cent, to $2.26 on 12.8 million shares.
Baytex Energy Corp. (TSX:BTE). Energy. Up 3.5 cents, or 9.09 per cent, to 42 cents on 11.5 million shares.
Canadian Natural Resources Ltd. (TSX:CNQ). Energy. Down $1.05, or 5.3 per cent, to $18.78 on 11.1 million shares.
Companies in the news:
Bombardier Inc. — Bombardier Inc. is confronting sobering questions about its future following new share price lows and two credit rating downgrades. The plane-and-train maker's stock sunk to its lowest level in more than 25 years on Thursday, closing at 42.5 cents before falling a further eight per cent in midday trading Friday. The nosedive presents unprecedented challenges for Eric Martel, while arrives Monday as CEO after the board announced Alain Bellemare's departure last month.
CIBC (TSX:CM). Down $2.39, or three per cent, to $76.62. CIBC is offering reduced interest rates on personal credit cards for Canadians in financial hardship due to the COVID-19 pandemic. The bank says credit card clients who request to skip a payment and are experiencing financial difficulties will receive a temporary lower annual interest rate of 10.99 per cent. It says for the 80,000 Canadians that have already received CIBC credit card relief, the temporary lower rate will be retroactively applied to March 15.
Athabasca Oil Corp. (TSX:ATH). Up half a cent, or 3.4 per cent, to 15 cents. Athabasca Oil Corp. is suspending operations at its Hangingstone SAGD oilsands operation due to the drop in oil prices and the COVID-19 pandemic. The company says it's also reducing its corporate staff by 15 per cent. The shutting down of Hangingstone involves shutting in the well pairs and halting steam injection to the reservoir as well as ensuring that the processing facility and pipelines can be re-started in the future.
This report by The Canadian Press was first published April 3, 2020.
The Canadian Press