Winnipeg Free Press

Winnipeg Free Press (Newspaper) - September 22, 2020, Winnipeg, Manitoba C M Y K PAGE B6 B 6 TUESDAY, SEPTEMBER 22, 2020 ● WINNIPEGFREEPRESS.COMBUSINESS 27,147.70 10,778.80 DOW NASDAQ S&P 500 S&P/TSX -509.72 -14.48 -38.41 -233.45 3,281.06 15,965.52 16,300 16,650 15,950 17,000 15,600 DAILY CLOSE, PAST 30 DAYS August September I All Funds COMPANY CLOSE CHG S&P/TSX Composite Index Daily Mutual Movers TD Sci & Tech Fd Inv 127.28 2.02 Fid Gbl Innova Cl A 20.59 1.86 Scot Nasdaq Index Fd A 11.32 1.41 BMO Prvt US Grw Equ Pf 29.33 1.38 CIBC Nasdaq Index Fd A 25.05 1.21 Fid Gbl Innov CN Cl A 19.25 1.17 CIBC Gbl Tech Fd A 50.23 1.10 CSL U.S. Growth Ser A 37.59 1.08 TD Gbl Ent & Com Fd Inv 128.68 1.04 Fid USGrwOppInvTr O 13.12 0.95 IG Mac Gb Sci & Tec Fd C 23.11 0.93 Fid US Grw Opp Cl A 12.92 0.93 RBC Gbl Technology Fd A 9.00 0.91 Canadian Equity COMPANY CLOSE CHG Canadian Fixed Income COMPANY CLOSE CHG Tactical Sov Bd Fd A 4.84 0.19 Fid Prem Fix Inc PP B 12.28 0.17 Fid Cdn Bond Fd B 15.53 0.17 Scot Cdn Inc Fd A 14.39 0.14 Scot Bond Fund Series A 10.92 0.14 BMO Bond Fund Series A 14.51 0.13 RBC Cdn Govt Bond Idx FdA 12.58 0.13 BMO Core Plus Bond Fd A 11.33 0.13 Scot Prv Income Pool Pin 11.80 0.13 BMO Core Bond Fd A 11.19 0.12 CIBC Cdn Bond Index Fd A 11.82 0.11 Scot Cdn Bond Index Fd A 12.41 0.11 SEI Cdn Fixed Income Fd O 12.84 0.11 RBC Trend Cdn Equ Fd A 10.05 -0.47 TD Cdn Low Vol Fd Inv 7.26 -0.55 CL Cdn Low Vol Fd (LC) Q 10.42 -0.57 TD Cdn Low Vol Cl Inv 12.13 -0.57 BMO Cdn Stock Sel Fd NBA 26.71 -0.71 Scot Prv Cdn Equ Pool I 12.43 -0.72 Scot Prv Cdn Grw Pool Pin 19.04 -0.76 Inv S&P/TSX Comp Lo ETF A 10.66 -0.76 Caldw Cdn Val Momntm Fd A 15.83 -0.80 Mawer Cdn Equity Fd A 67.04 -0.80 BMO Sust Opp Cdn Equ A 9.80 -0.82 Desj Soc Ter Cdn Equ Fd A 10.24 -0.84 IG Mac LV Cdn Equ Fd A 10.70 -0.89 Biggest gainers and losers based on percentage change in daily net asset value per share. Data supplied by Fundata M A R K E T W A T C H Ag Growth Intl Inc. 27.62 -1.95 84,844 Artis REIT 8.18 -0.35 280,592 Bce Inc. 54.91 -0.59 1,722,942 Bird River Resources Inc. 0.01 0 - Boyd Group Services Inc. 195.92 1.28 31,803 Buhler Industries Inc. 2.46 0 20 Delta 9 Cannabis Inc. 0.57 -0.01 45,822 Empire Industries Ltd. 0.24 -0.02 226,000 Exchange Income Corp. 31.33 -2.44 178,555 Fp Newspapers Inc. 0.50 0 - Gossan Resources Ltd. 0.11 -0.01 159,000 Great West Lifeco Inc. 25.75 -0.37 774,357 Hudbay Minerals Inc. 5.67 -0.57 1,379,352 Igm Financial Inc. 31.34 -0.51 155,928 Kane Biotech Inc. 0.15 -0.02 39,000 Lakeview Hotel Investment Corp. 0.03 0 - Lanesborough REIT 0.01 0 40,000 Medicure Inc. 0.95 -0.01 8,864 Nfi Group Inc. 17.16 -0.76 482,068 North West Company Inc. New 35.10 0.1 104,439 People Corp. 10.26 0 25,160 Pollard Banknote Ltd. 18.27 -0.4 1,900 Winpak Ltd. 45.33 -0.64 70,557 Manitoba Stocks COMPANY CLSE CHG VOL CANOLA COMPANY OPEN HIGH LOW CLOSE YEST. Nov ‘20 531.10 533.30 523.00 526.40 531.30 Jan ‘21 538.20 540.30 530.30 533.90 538.50 Mar 544.90 545.80 536.70 540.60 545.00 May 546.50 547.00 540.20 544.10 547.00 Jul 547.30 548.30 543.50 546.60 548.10 Nov 519.00 520.90 516.30 519.70 520.90 Jan ‘22 522.00 522.40 521.90 521.90 522.90 Mar - 521.40 - 521.40 522.40 May - 521.90 - 521.90 522.90 Jul - 521.70 - 521.70 522.70 Nov - 519.00 - 519.00 520.00 COMPANY CLSE CHG VOL These companies will have headquarters or major operations in Manitoba. Closing values are as of the end of trading. Provided by Wellington-Altus Private Wealth. Global Equity COMPANY CLOSE CHG Futures Trading — Grain quotes Fid Gbl Innova Cl A 20.59 1.86 Fid Gbl Innov CN Cl A 19.25 1.17 CIBC Gbl Tech Fd A 50.23 1.10 TD Gbl Ent & Com Fd Inv 128.68 1.04 Fid Founders Class A 15.27 0.70 Fid Founders CN Cl A 14.04 -0.07 Global Iman Fund Series A 28.77 -0.19 Fid GblGrw&ValInvTru O 11.55 -0.21 CL Glo G Equ (TRP) Q 9.87 -0.21 Desj LV Gbl Equ Fd A 12.19 -0.25 Mac MD AWldDevInd A 12.62 -0.29 Scot Prv Gbl Equ Pool Pin 36.80 -0.31 Stone Global Growth Fd A 14.75 -0.31 A U.S. dollar cost $1.3293 based on daily average -1.78 +0.08 OIL GAS GOLD LSI VER US$39.54 US$2.71 US$1,910.60 US$24.71 -51.50 -2.42 DOLLAR 75.23¢ -0.61 SOURCES: THE CANADIAN PRESS, FUNDATA, ICE FUTURES CANADA, CME GROUP Canadian Dollar Agnico Eagle Mines L 104.50 -1.59 560 117.35 43.25 Algonquin Power & Ut 18.61 0.04 1,386 22.39 13.84 Alimentation Couche- 44.95 0.24 9 47.57 30.57 Alimentation Couche- 44.86 0.50 1,521 47.49 20.08 B2Gold Corp. 8.69 -0.28 4,190 9.99 3.12 Bank of Montreal 79.17 -1.06 1,671 104.75 55.76 Bank of Nova Scotia 54.58 -0.57 8,161 76.75 46.38 Barrick Gold Corpora 37.44 -0.58 3,498 41.09 17.52 Bausch Health Compan 21.99 -0.73 536 42.15 16.30 BCE Inc. 54.87 -0.63 6,726 65.45 46.03 BMO S&P 500 Index ET 48.11 -0.18 91 51.57 35.14 Brookfield Asset Man 43.27 -1.03 1,695 60.48 31.35 Brookfield Infrastru 62.42 -1.49 345 74.66 37.45 Brookfield Property 14.27 -0.83 2,080 27.25 10.05 Brookfield Renewable 60.98 -1.03 240 76.80 43.74 BRP Inc. Subordinate 66.56 -0.83 202 75.37 18.56 Cameco Corporation 13.93 0.06 792 16.71 7.69 Canadian Apartment P 44.81 -0.87 689 61.29 36.40 Canadian Imperial Ba 101.82 -0.14 4,637 115.96 67.52 Canadian National Ra 137.44 -1.24 2,258 143.50 92.01 Canadian Natural Res 22.09 -1.07 20,167 42.57 9.80 Canadian Pacific Rai 395.21 -1.75 236 410.64 252.00 Canadian Tire Corpor 200.01 -5.14 0 239.99 140.00 Canadian Tire Corpor 124.55 -4.85 425 157.36 67.15 Canadian Utilities L 31.81 0.00 9 42.90 25.63 Canadian Utilities L 31.42 -0.25 277 42.97 25.25 Canopy Growth Corpor 20.89 -0.68 1,018 34.56 12.96 CCL Industries Inc. 49.05 -0.46 322 59.86 34.57 CCL Industries Inc. 46.47 -3.02 0 59.67 35.00 Cenovus Energy Inc. 5.26 -0.30 3,543 13.66 2.06 CGI Inc. Class A Sub 89.43 -0.12 429 114.49 67.23 CNOOC Limited americ 141.01 0.00 0 235.33 120.58 Constellation Softwa 1474.47 14.06 38 1637.22 1076.34 Descartes Systems Gr 69.28 0.78 205 82.40 38.65 Dollarama Inc. 49.01 -0.16 315 53.96 34.70 Emera Incorporated 53.88 -0.18 505 60.94 42.12 Empire Company Limit 37.06 0.22 732 38.56 23.88 Enbridge Inc. 39.97 -0.24 3,876 57.32 33.06 Endeavour Mining Cor 35.23 -1.44 462 39.21 15.68 Fairfax Financial Ho 299.98 0.00 0 469.22 244.75 Fairfax Financial Ho 378.39 -2.80 74 637.11 319.37 First Quantum Minera 13.33 -1.28 2,685 14.85 4.71 FirstService Corpora 164.20 -1.42 96 178.83 83.36 Fortis Inc. 52.24 0.05 1,137 59.28 41.52 Franco-Nevada Corpor 187.86 -0.15 343 222.15 105.93 George Weston Limite 96.40 0.40 305 113.94 84.01 Great-West Lifeco In 25.81 -0.31 1,359 35.60 18.88 Hydro One Limited 27.28 0.14 1,222 29.53 20.25 IGM Financial Inc. 31.38 -0.47 449 40.38 20.96 Imperial Oil Limited 17.57 -0.83 886 36.47 10.27 Intact Financial Cor 141.59 0.49 405 157.65 104.81 Inter Pipeline Ltd. 13.27 -0.68 1,626 24.10 5.35 iShares Core S&P 500 35.50 -0.43 721 38.86 23.49 iShares Core S&P/TSX 25.55 -0.32 371 28.66 17.92 iShares S&P/TSX 60 I 24.13 -0.24 3,309 27.05 17.23 Ivanhoe Mines Ltd. C 5.53 -0.33 1,482 6.08 1.80 Kinross Gold Corpora 12.27 -0.82 8,571 13.59 4.00 Kirkland Lake Gold L 66.25 -1.40 1,467 76.43 25.67 Loblaw Companies Lim 67.76 0.07 438 77.00 59.01 Lundin Mining Corpor 7.96 -0.48 2,676 8.59 4.08 Magna International 58.00 -2.82 934 75.25 33.22 Manulife Financial C 18.53 -0.30 4,766 27.78 12.58 Metro Inc. 60.48 0.05 1,460 61.74 49.03 Molson Coors Canada 43.94 -1.06 270 82.50 44.85 Molson Coors Canada 46.00 -2.00 1 85.00 46.00 National Bank of Can 68.31 -1.26 1,996 75.01 38.67 Newmont Corporation 84.82 -0.80 174 96.45 44.00 Northland Power Inc. 38.91 0.48 859 38.47 20.52 ONEX Corporation Sub 59.23 -1.99 260 89.92 37.00 Open Text Corporatio 55.29 -0.11 458 64.00 42.30 Pan American Silver 43.61 -2.81 786 53.30 14.22 Pembina Pipeline Cor 29.55 -0.86 2,401 53.79 15.27 Power Corporation of 26.56 -0.14 4,557 35.15 17.47 Quebecor Inc. Class 32.75 -0.31 3 34.50 27.35 Quebecor Inc. Class 32.68 -0.49 363 34.55 25.00 Restaurant Brands In 72.50 -1.45 1,208 97.34 36.48 Restaurant Brands In 73.02 0.00 0 97.21 37.79 Ritchie Bros. Auctio 75.83 -0.44 278 84.73 37.76 Rogers Communication 51.31 -0.52 1,282 67.34 46.81 Rogers Communication 53.11 -1.40 1 68.47 50.00 Royal Bank of Canada 94.35 -1.12 2,110 109.68 72.00 Saputo Inc. 32.56 -0.18 468 41.95 29.31 Shaw Communications 24.01 -0.31 1,191 27.69 17.77 Shopify Inc. Class A 1234.73 44.73 164 1502.00 372.01 Sprott Physical Gold 20.43 -0.18 95 22.13 15.36 SSR Mining Inc. 26.83 -1.88 874 33.69 12.12 Sun Life Financial I 53.72 -1.10 1,095 66.44 35.43 Suncor Energy Inc. 16.89 -0.75 14,767 45.12 14.02 TC Energy Corporatio 59.51 -0.96 4,259 76.58 47.05 Teck Resources Limit 20.30 -1.82 11 23.98 9.00 Teck Resources Limit 18.96 -1.37 4,049 23.20 8.15 TELUS Corporation Co 23.26 -0.26 1,775 27.74 18.55 Thomson Reuters Corp 102.35 0.12 418 109.99 75.91 TMX Group Limited 133.25 -0.71 72 144.97 84.50 Toromont Industries 73.71 -2.02 115 77.49 52.36 Toronto-Dominion Ban 60.80 -1.28 6,917 77.72 49.01 Waste Connections In 134.65 1.40 178 140.95 100.55 Wheaton Precious Met 65.87 -1.66 1,063 76.69 26.99 WSP Global Inc. 84.47 -1.75 170 98.12 59.83 Yamana Gold Inc. 7.77 -0.30 4,051 9.29 3.11 TSX Top 100 VOLUME 52—WK 52—WK STOCK CLOSE CHG (000S) HIGH LOW (by market capitalization) Australian dollar 0.9596 Brazilian real 0.2449 Chinese renminbi 0.1954 European euro 1.5624 Hong Kong dollar 0.1715 Indian rupee 0.01806 Indonesian rupiah 0.00009 Japanese yen 0.01271 Mexican peso 0.06189 New Zealand dollar 0.8865 Norwegian krone 0.1431 Peruvian new sol 0.3757 Russian ruble 0.0174 Saudi riyal 0.3544 Singapore dollar 0.9755 South African rand 0.07901 South Korean won 0.00114 Swedish krona 0.15 Swiss franc 1.4522 Taiwanese dollar 0.04585 Turkish lira 0.1743 UK pound sterling 1.7026 US dollar 1.3293 Foreign Exchange Rates These are indicative wholesale rates for foreign currency provided by the Bank of Canada on Monday. Quotations in Canadian funds. A “SURPRISING” NUMBER of work-ing Canadians are saving more money this year compared to last, but two-thirds of workers are feeling fi- nancial stress that’s never been higher. That’s according to figures released Monday from the Canadian Payroll As- sociation, which surveyed more than 4,200 workers from coast to coast at the peak of the pandemic, between May and July, when businesses began to shutter and lay off staff as a result of COVID-19. “This is yet another unexpected out- come in a year where nothing seems to be normal,” CPA vice-president Steven Van Alstine told the Free Press. “We really felt surprised because, looking at things, frankly we’d expected a lot more people living precariously and that really hasn’t been the case.” Polling data shows six per cent fewer Canadians are living paycheque to pay- cheque this year than in 2019 — the low- est figures reported in 12 years. And 62 per cent of people surveyed say they’ve been able to save at least five per cent of their paycheques, compared to 59 per cent last year. Yet despite those results, an analysis of CPA’s findings by the leading data analytics lab at Western and Wilfred Laurier University suggests an ex- pected increase in “financial health” has yet to be seen in 2020. Instead, analysts say financial con- cern among Canadian workers has climbed higher than all previous histor- ical trends in the country. Roughly two-thirds of employed Can- adians are worried about the prospect of inflation; more than half are con- cerned about retiring; and a 28 per cent increase has been seen in those worried about a recession. “It’s the kind of uncertainty that catches you off guard,” said Alstine, adding “the savings itself can act like a double-edged sword because you’re almost forced to save in some ways dur- ing a pandemic.” He explained that financial anxiety can be broken down into three categor- ies: “stressed, coping or comfortable.” While ideally those categories would be divided equally with a third of each represented among workers, he said, 2020 has shown more than two-thirds of Canadians are now “overwhelmingly” part of the stressed category. “And stress is not an abstract idea — it’s definitely tangible,” said Alstine. “It can be felt in the way industries and their workforce are operating now and will operate in the future, so business leaders should be very wary.” Nearly 69 per cent of respondents said they spend significant time at work thinking about their personal finances. For businesses across Canada, CPA es- timates that’s adding up to an estimated $20.3 billion in lost productivity. “That estimate is a conservative one,” said Peter Tzanetakis, the associa- tion’s president. “The costs of increased absenteeism, decreased motivation, strained relationships with colleagues, and turnover that many respondents cite as consequences of financial stress, also need to be taken into account.” About 33 per cent of Canadians say financial stress has also negatively af- fected their relationships with family and loved ones. And 76 per cent said that, even prior to COVID-19, they’ve had to opt out of at least one element of holiday joy (like gift-giving or attending parties) because of financial stress. “Simply put,” said Tzanetakis, “it’s smart business for organizational lead- ers to pay attention to and support the financial wellness of employees.” Twitter: @temurdur Temur.Durrani@freepress.mb.ca Workers feeling high financial stress: survey TEMUR DURRANI LOCAL JOURNALISM INITIATIVE REPORTER THE financial sector was hit hard Monday following a report alleging that a number of banks — JPMor- gan, HSBC, Standard Chartered Bank, Deutsche Bank and Bank of New York Mellon among them — have continued to profit from illicit dealings with disreputable people and criminal networks despite pre- vious warnings from regulators. According to the International Consortium of Investigative Jour- nalists, leaked government docu- ments show the banks continued moving illicit funds even after be- ing warned of potential criminal prosecutions. The documents were obtained by BuzzFeed News and shared with the ICIJ. The report compounded a mas- sive selloff across global markets because of gloom and doom over COVID-19 infections and the eco- nomic damage from the pandemic. The consortium reported that documents indicate that JPMorgan moved money for people and com- panies tied to the massive looting of public funds in Malaysia, Venezuela and the Ukraine. The bank also pro- cessed more than US$50 million in payments over a decade for Paul Manafort, the former campaign manager for U.S. President Donald Trump, according to the documents, which are known as the FinCEN Files. Shares of JP Morgan closed three per cent lower on Monday. The consortium’s investigation found the documents identify more than US$2 trillion in transactions between 1999 and 2017 that were flagged by financial institutions’ internal compliance officers as pos- sible money laundering or other criminal activity, and US$1.3 tril- lion of that activity took place at Deutsche Bank. Shares of Deutsche Bank dropped 8.3 per cent. Deutsche Bank has been under scrutiny for years. The bank, based in Frankfurt, Germany, agreed to pay the state of New York US$150 million to settle claims that it broke compliance rules in its dealings with the sex offender Jeffrey Epstein. Ep- stein killed himself last August in a Manhattan federal jail while await- ing trial on sex trafficking charges. German newspaper Sueddeutsche Zeitung reported last year that Deutsche Bank gave expensive gifts to senior Chinese officials and hired family members of Chinese elite as it was trying to establish itself as a major player in China’s financial in- dustry. In a related action, the bank agreed last year to pay about $16 million to settle civil charges by the U.S. Securities and Exchange Com- mission that it violated the Foreign Corrupt Practices Act by hiring relatives of government officials in Asia and Russia in an effort to im- properly influence the officials to help its investment banking busi- ness. Deutsche Bank neither admit- ted nor denied the allegations in the settlement. Also in 2019, German prosecutors indicted a 48-year-old former em- ployee of Deutsche Bank as part of a probe into a massive tax evasion scam that’s led to more than a dozen prosecutions. — The Associated Press Allegations obtained by news sources hit bank stocks TORONTO — Canada’s main stock in- dex appeared headed to its worst day in more than three months on Monday until it experienced a late partial recov- ery from fears of another COVID-19 economic shutdown. A surge in COVID-19 cases in Eur- ope precipitated the selloff. The largest daily increase since May in Britain is expected to prompt Prime Minister Boris Johnson to impose new restric- tions. “They have sparked fears, the ris- ing cases, of a renewed economic shut- down. And this is led really by reports that England is considering another national lockdown to slow down the spread of the virus,” said Angelo Kou- rkafas, an investment strategy analyst at Edward Jones. The virus has picked up after the relaxation of restrictions put in place this year to combat the COVID-19 pan- demic. The Ontario government is among the provinces also under pressure to further respond to escalating rates of the coronavirus. “So it’s kind of this delicate dance between opening up the economies and higher or lower infections,” Kourkafas said. Concerns about a new spread of the virus is muting recent optimism about a vaccine, which isn’t expected to be widely distributed until mid-2021 at the earliest. Investors are also worried that a par- tisan fight over further fiscal stimulus in the United States and a vacant Su- preme Court seat will prevent any ac- tion before the November election. “With the passing of the Supreme Court Justice Ruth Ginsburg, that has kind of raised concern that we’re going to see this fight continuing to interrupt and distract from the ongoing negotia- tions between Democrats and Repub- licans at getting another relief package passed.” In addition, possible retaliation from China to U.S. President Donald Trump’s effort to ban TikTok and WeChat could further escalate trade tensions, Kou- rkafas added. — The Canadian Press September woes continue on North American markets ROSS MAROWITS B_06_Sep-22-20_FP_01.indd B6 9/21/20 9:53 PM ;