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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 (21,284.84, up 68.69 points.) Suncor Energy Inc. (TSX:SU). Energy. Up 87 cents, or 3.08 per cent, to $29.12 on 8.8 million shares.

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

Toronto Stock Exchange (21,284.84, up 68.69 points.)

Suncor Energy Inc. (TSX:SU). Energy. Up 87 cents, or 3.08 per cent, to $29.12 on 8.8 million shares. 

The Royal Bank of Canada. (TSX:RY). Financials. Down 78 cents, or 0.59 per cent, to $132.45 on 7.9 million shares.

Bombardier Inc. (TSX:BBD.B). Industrials. Up one cent, or 0.46 per cent, to $2.17 on 7.9 million shares.

TC Energy Corp. (TSX:TRP). Energy. Down 12 cents, or 0.18 per cent, to $67.90 on 7.2 million shares.

Cenovus Energy Inc. (TSX:CVE). Energy. Up 31 cents, or 2.14 per cent, to $14.81 on 6.6 million shares.

The Toronto-Dominion Bank. (TSX:TD). Financials. Up 39 cents, or 0.44 per cent, to $89.54 on 6.6 million shares.

Companies in the news: 

Rogers Communications Inc. (TSX:RCI.B). Down $3.47 or 5.8 per cent to $56.55. The telecommunications giant finds itself with two groups claiming to be in control. One side is led by recentlyousted board chair Edward Rogers, who says he was re-elected chair on Sunday by a new, hand-picked board. Opposing him are his mother, siblings and several other board members who say the meeting was illegitimate and that the five members who were replaced by Edward Rogers remain on the board. With Edward's faction now promising to take their case to the British Columbia Supreme Court, observers say the ongoing saga will result in troubles for the company at every level. Until a court rules or both sides come to a consensus, Richard Powers, national academic director of the Rotman School of Management, believes questions like these will dog the company and hold up not just day-to-day business but also strategic moves. Caught in the middle will be Rogers CEO Joe Natale, who became the epicentre of the drama when recent media reports revealed Edward Rogers was trying to remove him from his position. Edward, the son of late company founder Ted Rogers, wanted Natale replaced with former chief financial officer, Tony Staffieri. Staffieri left the company effective Sept. 29, with Paulina Molnar named interim CFO. Edward's mother Loretta Rogers, whose family money Ted used to start Rogers Communications, and his sisters, Martha Rogers and Melinda Rogers-Hixon, opposed Edward's plan and a power struggle began. 

Restaurant Brands International Inc. (TSX:QSR). Down $3.71 or 4.8 per cent to $72.88. Tim Hortons' sales are up, but continue to lag pre-pandemic highs amid a stalled reopening that's left office towers, and the company's downtown locations, largely deserted. The coffee and doughnut chain's urban restaurants are struggling with a lack of foot traffic from workers — many of whom are coveted "high frequency customers" that buy food and drinks multiple times a day. But a different story is unfolding at rural and suburban locations, where restaurants are bustling and drive-thrus busy, even as labour shortages make hiring a challenge. Despite strong momentum early in the summer, CEO José Cil said rising COVID-19 cases tied to the Delta variant and renewed public health measures paused reopening plans and slowed the restaurant's recovery. The comments came as Restaurant Brands reported its third-quarter profit rose compared with a year ago and its revenue climbed more than 10 per cent. Restaurant Brands, which keeps its books in U.S. dollars, said it earned US$221 million in net income attributable to common shareholders or 70 cents per share for the quarter ended Sept. 30, up from US$145 million or 47 cents per share a year earlier. Revenue totalled nearly US$1.5 billion, up from US$1.33 billion in the same quarter last year.

The Lion Electric Co. (TSX:LEV). Up $1.74 or 11.8 per cent to $16.49. The Lion Electric Co. says it has received a conditional order for 1,000 electric school buses from Student Transportation of Canada, whose parent company is controlled by Quebec's pension fund manager. The order, whose value hasn't been specified, is conditional on receiving "satisfactory" non-repayable grants from Infrastructure Canada's Zero Emission Public Transit Fund. Ottawa has announced plans to provide $2.75 billion over the next five years to support the electrification of public transit and school transportation. Deliveries would begin in 2022 and continue until the first half of 2026. The electric buses would replace diesel vehicles within STC's fleet of more than 16,000 vehicles and allow it to become North America's largest zero-emission school bus operator. Quebec-based Lion says the 1,000 electric buses would eliminate up to 23,000 tonnes of greenhouse gases per year and help the Caisse de dépôt et placement du Québec to meet the decarbonization goals for its portfolio.

Cominar Real Estate Investment Trust. (TSX:CUF.UN). Up $1.25 or 12.1 per cent to $11.61. Cominar Real Estate Investment Trust has signed an agreement to be acquired by a consortium led by Quebec real estate firm Canderel Real Estate Property Inc. in a deal with an enterprise value of $5.7 billion. Under the deal, the consortium will pay $11.75 in cash per unit for the trust. The sale concludes a strategic review process launched by Cominar last year. In connection with the transaction, Group Mach Acquisition Inc. will acquire some of Cominar's retail and office properties for approximately $1.5 billion and Blackstone will buy Cominar's industrial portfolio. The deal is expected to close in the first quarter of 2022, subject to Cominar unitholder, court and required regulatory approvals as well as customary closing conditions.

This report by The Canadian Press was first published Oct. 25, 2021.

The Canadian Press