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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 (19,361.88, down 110.86 points.) Manulife Financial Corp. (TSX:MFC). Financials. Up 17 cents, or 0.66 per cent, to $26.02 on 20.

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

Toronto Stock Exchange (19,361.88, down 110.86 points.)

Manulife Financial Corp. (TSX:MFC). Financials. Up 17 cents, or 0.66 per cent, to $26.02 on 20.9 million shares.

Enbridge Inc. (TSX:ENB). Energy. Up 34 cents, or 0.71 per cent, to $48.43 on 12.2 million shares.

Zenabis Global Inc. (TSX:ZENA). Health care. Unchanged at 14 cents on 11.2 million shares.

Photon Control Inc. (TSX:PHO). Technology. Up 52 cents, or 16.72 per cent, to $3.63 on 10.7 million shares.

Nevada Copper Corp. (TSX:NCU). Materials. Unchanged at 29.5 cents on 10.3 million shares.

Suncor Energy Inc. (TSX:SU). Energy. Down 42 cents, or 1.47 per cent, to $28.24 on 9.8 million shares. 

Companies in the news: 

Ensign Energy Services Inc. (TSX:ESI). Down nine cents or 7.9 per cent to $1.05. The president of drilling contractor Ensign Energy Services Inc. blames the federal government's "dismal" COVID-19 vaccine distribution plan in part for a poor recovery in its activity in Canada compared with its operations in the United States. Furthermore, says Bob Geddes, the company is having trouble getting its workers back into the field in Canada because government programs are paying them to stay at home. The Calgary-based company had hoped to put 40 to 45 of its 92 Canadian drilling rigs to work in the first quarter but the count actually peaked at 36, he said. Hopes of 250 active rigs for the industry in Canada in the quarter, traditionally the busiest because frozen ground allows access to backcountry drilling sites, fell well short, too, he added, with peak activity stalling after hitting only 186 rigs. Current benchmark U.S. crude oil prices of around US$65 per barrel and natural gas prices of about US$3 per million British thermal units have improved the outlook for the oilpatch after the severe contraction last year, but the sector is recovering more strongly in the United States than in Canada, he said.

Suncor Energy Inc. — Oilsands companies are stepping up protective measures as a spate of COVID-19 cases sweeps through the region at the same time that thousands of workers are being brought in for spring maintenance shutdowns at various plants. In Friday's update, Alberta reported 3,749 active cases in the North Zone that includes Fort McMurray, with outbreaks identified at several work lodges as well as at production facilities operated by oilsands producers including Suncor Energy Inc., Syncrude, Imperial Oil Ltd., Canadian Natural Resources Ltd. and MEG Energy Corp. As of Monday morning, Suncor had 107 active COVID-19 cases at its Base Plant mine and upgrader, 13 at its Fort Hills mine and nine at MacKay River, which uses steam to recover bitumen through wells, reported spokesman Paul Newmarch. Suncor is using rapid testing and plans to open a vaccination clinic at its Base Plant operations starting Thursday for employees as well as people who aren't direct employees. Alberta leads Canada in COVID-19 cases and has a seven-day new infection rate twice that of the next highest province, Ontario. It tightened restrictions last week on retail, dining, personal services and gatherings to avoid pushing its health-care system beyond capacity.

Starbucks — Starbucks is offering all its Canadian retail employees three temporary paid sick days from April 19 to Sept. 25. The move comes after Ontario announced a similar three-day sick leave policy that would reimburse employers up to $200 a day for what they pay out. The COVID-19 pandemic has strengthened calls for businesses to provide workers with paid sick leave, as workplaces become a key site for the virus's transmission. Starbucks says the paid sick days will be in addition to its other COVID-19 supports, which include up to two hours of paid time off for each dose of the vaccine and up to four hours of paid time off to recover from side-effects. The company also announced it will raise its starting barista rate to $0.25 above provincial minimum wages starting May 31. It says all hourly baristas, shift supervisors and café attendants will receive at least a five per cent increase.

This report by The Canadian Press was first published May 10, 2021.

The Canadian Press