TORONTO — Some of the most active companies traded Monday on the Toronto Stock Exchange:
Toronto Stock Exchange (19,351.32, up 29.40 points.)
Innergex Renewable Energy Inc. (TSX:INE). Utilities. Up 47 cents, or 2.05 per cent, to $23.40 on 14.8 million shares.
Algonquin Power and Utilities Corp. (TSX:AQN). Utilities. Down 19 cents, or 0.93 per cent, to $20.16 on 13.2 million shares.
Boralex Inc. (TSX:BLX). Utilities. Up 49 cents, or 1.14 per cent, to $43.56 on 10.5 million shares.
Ballard Power Systems Inc. (TSX:BLDP). Industrials. Up 97 cents or 3.75 per cent, to $26.84 on 10.3 million shares.
Supreme Cannabis Co. Inc. (TSX:FIRE). Health care. Up one cent, or 2.67 per cent, to 38.5 cents on 8.7 million shares.
Enbridge Inc. (TSX:ENB). Energy. Down 11 cents, or 0.24 per cent, to $46.63 on 7.89 million shares.
Companies in the news:
Rogers Communications Inc. (TSX:RCI.B) Up 50 cents, or 0.83 per cent, to $60.58. Quebecor Inc. (TSX:QBR.B) Up nine cents, or 0.25 per cent, to $35.59. Canada's regional wireless and internet carriers will benefit the most from this week's landmark regulatory ruling by the CRTC, telecommunications analysts and consumer advocates say. Financial analysts at RBC Capital Markets and Canaccord Genuity Capital Markets say Quebecor's Videotron and Cogeco Communications will likely have more room to grow, given the CRTC's new restrictions on BCE's Bell Canada, Rogers Communications Inc. and Telus Corp. But the analysts also say the three big national wireless carriers will likely be able to manage the new CRTC rules. "We view this decision as 'constructive-enough' and manageable for national operators while at the same time 'extending a helping hand' to existing regional wireless operators," RBC analyst Drew McReynolds wrote in an report for clients. However, one of Canada's most outspoken consumer advocacy groups, OpenMedia, criticized the CRTC on Thursday for putting too much emphasis on the regional carriers, doing too little to limit the market power of the Big Three and doing very little to help new entrants to the wireless markets. The financial analysts took a more favourable view of the CRTC decision, noting that Videotron will have more options to strengthen its base in Quebec or buy assets in other provinces and Cogeco may be able to advance its strategic goal of adding wireless to its internet and cable TV networks.
Aphria Inc. (TSX:APHA). Up 69 cents, or 4.06 per cent, to $17.69. A vote by Tilray Inc. shareholders on the cannabis company's deal to merge with Aphria Inc. has been delayed, allowing shareholders more time. The vote had been scheduled for Friday, but shareholders will now vote on April 30. The company says that shareholders who have already voted do not need to recast their votes. Proxies previously submitted will be voted at the reconvened meeting unless revoked. Tilray and Aphria announced their agreement to merge in December. If approved, the two will operate under the Tilray name with Aphria chief executive Irwin Simon at the helm. Aphria shareholders voted 99.38 per cent in favour of the deal earlier this week.
This report by The Canadian Press was first published April 16, 2021.