Winnipeg Free Press

Winnipeg Free Press (Newspaper) - January 15, 2021, Winnipeg, Manitoba C M Y K PAGE B5 FRIDAY, JANUARY 15, 2021 ● WINNIPEGFREEPRESS.COM B 5NEWS I BUSINESS T ORONTO — The loonie climbed to its highest level in nearly three years Thursday on anticipation that a global economic recovery will drive global demand for Canadian com- modities. The Canadian dollar traded for 79.03 cents US after hitting an intraday high of 79.22, its strongest level since April 2018. It compared with 78.68 cents US on Wednesday. “If we have a global recovery, it’s oil demand, it’s metals demand and Can- ada is a big supplier of those commod- ities to the rest of the world,” said Anish Chopra, managing director with Port- folio Management Corp. The currency moved up amid a fur- ther gain in crude oil prices. The February crude oil contract was up 66 cents to US$53.57 per barrel. The February natural gas contract was down 6.1 cents at nearly US$2.67 per mmBTU. Crude levels powered the energy sec- tor to gain 2.5 per cent, with shares of Canadian energy producers Crescent Point Energy Corp. surging 8.9 per cent, Cenovus Energy Inc. up 5.2 per cent and Husky Energy Inc. 5.1 per cent higher. Health care led the TSX higher, gain- ing six per cent as interest in cannabis names grew with the potential further opening of the large U.S. market fol- lowing a Democratic sweep of the U.S. government. Aphria Inc. soared 20.1 per cent after it swung to an adjusted profit on higher revenues, while shares of Aurora Can- nabis Inc. were up 8.9 per cent. The two sectors led the S&P/TSX composite index slightly higher. It closed up 23.35 points to 17,958.09. In New York, the Dow Jones indus- trial average was down 68.95 points at 30,991.52 despite hitting a new high in earlier trading. The S&P 500 in- dex lost 14.30 points at 3,795.54, while the Nasdaq composite was down 16.31 points at 13,112.64 after a record start to the day. Overall, North American markets were relatively flat as investors await- ed incoming U.S. President Joe Biden to unveil his stimulus package in an even- ing speech. “I think people and investors are cer- tainly waiting on Joe Biden’s speech to- night where he talks about the amount of stimulus that he’s going to put into the economy and it looks like it will be (US)$1.5 trillion or more,” Chopra said in an interview. The morning started with the U.S. reporting that unemployment claims increased beyond expectation amid higher COVID-19 infections and fur- ther lockdowns. First-time claims increased to 965,000, the highest level since August and above the 784,000 in the prior week. The weak numbers are good news for investors because it means interest rate increases won’t be coming soon and as- sists Biden’s efforts to add fiscal stimu- lus, said Chopra. “It offers a lot of support for stimulus, both fiscal stimulus coming from Joe Biden and monetary stimulus coming from the Fed.” Federal Reserve chairman Jerome Powell confirmed Thursday that inter- est rates won’t rise as long as inflation remains low. Materials slipped near the end of trading and were down slightly on the day. The February gold contract was down US$3.50 at US$1,851.40 an ounce and the March copper contract was up 4.75 cents at US$3.66 a pound. Technology also moved lower with shares of BlackBerry Ltd. down 31.3 per cent and Shopify Inc. off 2.3 per cent. — The Canadian Press North American stock markets flat, loonie climbs ROSS MAROWITS JAPAN’S major automakers have cut production because of the global semi- conductor shortage brought about as chipmakers struggle to meet soaring demand from consumer-electronics companies. Lockdowns and travel restrictions are prompting housebound shoppers to snap up more phones, game con- soles, smart TVs and laptops, which has fuelled demand for the chips used in those devices. That means carmakers from Toyota to Volkswagen are at risk of not getting enough parts to fuel a fledgling recovery in their own indus- try. That’s led automakers around the world to cut back on production. Here’s the state of play for Japan’s firms: TOYOTA Toyota said that it’s cutting produc- tion of its full-size pickup truck Tundra because of the shortage. The company expects to trim output of its Tundra model manufactured in San Antonio by 40 per cent this month. In China, Toyota halted lines at its fac- tory in Guangzhou on Monday because of parts shortages. Toyota jointly oper- ates the facility with Guangzhou Auto- mobile Group; the plant has produced more than 300,000 vehicles annually in recent years, including the Camry. The lines resumed operation this week af- ter the necessary parts were able to be procured, spokeswoman Shino Yamada said. Chen Shihua, a deputy secretary gen- eral of the China Association of Auto- mobile Manufacturers, said the chip shortage had caused a relatively big impact on China’s automobile industry from late December and may persist into the second quarter. He noted that some chipmakers have boosted their prices, so it’s hard to measure the im- pact in terms of vehicle-sales reduc- tions. HONDA Honda was among the first global automaker to warn of chip shortages, announcing a two-day halt in output at its U.K. plant on Jan. 5 and 6. Estab- lished in 1985, the Swindon facility pro- duces Civic hatchbacks and employed about 2,900 workers as of November. The plant is set to operate until July 2021, when it has been marked for clos- ure, a decision that was announced in 2019. On Wednesday, Honda again said it would stop production at Swindon on Monday because of supply problems and aim to restart on Jan. 22. In North America, Honda said this week that it will reduce production of the Accord, Civic and Insight sedans, as well as the Odyssey minivan and Acura RDX, a crossover sport-utility vehicle. Honda will adjust production at its Marysville and East Liberty plants in Ohio, as well as at facilities in Ala- bama, Indiana and Canada. Honda will cut output by a few thousand units by the end of January, and the adjustment probably will continue, according to the Nikkei, which earlier reported the de- creases at Honda North America. Honda is also seeing the effects of chip shortage in China and is consid- ering cutting production. “We will replace some models and adjust our work shifts when necessary,” a Honda spokesperson said Wednesday. NISSAN Nissan said that it’s reducing pro- duction at one of its plants in Japan this month. “A global shortage of semi- conductors has affected parts procure- ment in the auto sector,” spokeswoman Azusa Momose said. “As a result of this shortage, the Oppama plant in Japan will adjust production in January, re- ducing production of the Nissan Note.” The Nikkei reported that the Note’s pro- duction would be reduced from 15,000 to 5,000 a month. SUBARU Subaru will cut output by a few thou- sand units each in January at factor- ies in Japan and the United States, a spokesperson said Thursday. “We are adjusting production of mul- tiple models in our Gunma and U.S. fa- cilities due to chip-delivery delays,” the spokesperson said. “The adjustment started from Jan. 11 for Gunma and from Jan. 8 in the U.S. We are check- ing the end dates. Other companies are involved in the delivery delays, so our plan depends on them. The impact on output in February and beyond is un- clear.” — Bloomberg Chip shortage hits Japanese auto production SHIHO TAKEZAWA, TSUYOSHI INAJIMA AND RIVER DAVIS DETROIT — Tesla Inc. is balking at re- calling about 159,000 vehicles with pot- entially defective touch screens, so U.S. safety regulators are moving to force the company to take action. The National Highway Traffic Safety Administration on Wednesday sent a letter to Tesla saying it has tentatively determined that the screens are defect- ive and pose a safety risk because they can cause backup cameras to go dark and defrosters to malfunction. The agency wouldn’t comment be- yond the letter, which is a rare step toward a public hearing and eventual legal action. Experts say the letter means that Tesla has resisted doing a recall that NHTSA feels is necessary. “It’s obvious to me that Tesla told NHTSA to go pound sand, so what they’re about to get, they’ve earned it,” said Frank Borris, a former head of the agency’s Office of Defects Investiga- tion who now runs a safety consulting business. Messages were left Wednesday seek- ing comment from Tesla, which is based in Palo Alto, Calif. Last June, the agency opened an in- vestigation into complaints that the giant touch screens would go dark in certain 2012 through 2018 Model S cars and 2016 through 2018 Model X Tesla vehicles. It upgraded the probe to an engineering analysis in November. The letter says the agency has deter- mined that the screens are defective be- cause their computer processors have a finite number of program-and-erase cycles. NHTSA says the screens would fail in five to six years, which isn’t suf- ficient for safety-critical features. “The lack of a functioning windshield defogging and defrosting system may decrease the driver’s visibility in in- clement weather, increasing the risk of a crash,” the letter said. — The Associated Press Tesla balks at touch screen recall; U.S. agency takes action TOM KRISHER 30,991.52 13,112.64 DOW NASDAQ S&P 500 S&P/TSX -68.95 -16.31 -14.30 +23.35 3,795.54 17,958.09 17,600 17,900 17,300 18,200 17,000 DAILY CLOSE, PAST 30 DAYS December January I All Funds COMPANY CLOSE CHG S&P/TSX Composite Index Daily Mutual Movers NPT Energy Fund Ser A 8.10 2.89 Canoe Energy Port Cl A 4.83 2.33 Canoe Engy Inc Port Cl A 3.75 2.30 Lys-Cru Equity Incom Fd A 7.02 1.92 CIBC Energy Fund Class A 15.29 1.82 Lys-Cso Equity Fund A 12.68 1.77 Pender Value Fund II Cl A 17.60 1.60 Barometer DL Equity A 17.06 1.53 Pender Value Fund Class A 23.87 1.52 TD Resource Fund Inv 13.40 1.52 Inv US Small Comp Cl A 44.79 1.42 NPT Resource Class A 7.94 1.35 QuWlth Enh Gb GroETF Fd A 8.48 1.35 Canadian Equity COMPANY CLOSE CHG Canadian Fixed Income COMPANY CLOSE CHG CIBC Cons Fix Inc Pool A 10.28 -0.08 CIBC Core Fix Inc Pool A 10.25 -0.09 SEI Income 100 Fund O 5.37 -0.14 TD Cdn Core + Bond Fd Inv 12.30 -0.16 AGF Fixed Inc Plus Fd MF 12.98 -0.17 BMO PrvtCdnM-TrmBondPf 40 11.57 -0.17 Dyn Advant Bond Fd A 4.68 -0.18 Rus Inv Fx Inc Pl B 12.30 -0.18 TD Fixed Income Pool W 10.81 -0.18 GC One Fixed Income Pf A 10.62 -0.19 Fid Tac Fix Inc Fd B 9.14 -0.19 Fid Pre Tac Fix Inc PP B 9.14 -0.19 Invsc Cdn Core +Bond Fd A 6.76 -0.19 CL Cdn Val Fund (FGP) Q 13.13 1.12 Ninpt Conc Cdn Equ Fd A 10.73 1.06 Desj Cdn Equ Val Fd A 22.50 0.91 EdgPt Canadian Port A 27.30 0.84 InvFTSE RAFI CdnIdx ETFA 12.07 0.68 Inv Cdn Opportunity Cl A 17.40 0.57 DFA Cdn Vector Equ Fd A 10.64 0.57 CL Pwy Cdn Conc Eq Fd Q 11.84 0.52 Ren Cdn All-Cap Equ Fd A 17.04 0.46 Gdian Cdn Foc Equ Fd I 12.75 0.44 NEI Cdn Equity RS Fund A 21.71 0.41 SEI Cdn Equity Fd O 21.32 0.40 Mac MD Cda Ind Cl A 13.13 0.37 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. 38.59 4.2 276,256 Artis REIT 10.69 0.12 232,741 Bce Inc. 54.94 0.07 1,135,167 Bird River Resources Inc. 0.10 0 49,749 Boyd Group Services Inc. 220.08 0.18 28,912 Buhler Industries Inc. 2.73 0.04 3,500 Delta 9 Cannabis Inc. 0.54 0.02 190,382 Empire Industries Ltd. 0.37 0.02 131,792 Exchange Income Corp. 38.01 0.36 37,454 Fp Newspapers Inc. 0.60 0 - Gossan Resources Ltd. 0.08 -0.005 43,000 Great West Lifeco Inc. 30.73 0.06 640,632 Hudbay Minerals Inc. 8.93 0.37 919,756 Igm Financial Inc. 35.30 0.09 290,588 Kane Biotech Inc. 0.14 0 3,000 Lakeview Hotel Investment Corp. 0.05 0 - Lanesborough REIT 0.02 0 - Medicure Inc. 1.50 -0.01 8,389 Nfi Group Inc. 31.72 0.22 516,531 North West Co. Inc. New 32.22 -0.28 100,542 People Corp. 15.12 0.05 768,341 Pollard Banknote Ltd. 34.56 -1.24 26,172 Winpak Ltd. 42.03 0.08 17,189 Manitoba Stocks COMPANY CLSE CHG VOL CANOLA COMPANY OPEN HIGH LOW CLOSE YEST. Jan ‘21 - 687.80 - 687.80 684.80 Mar 684.50 692.10 674.00 687.70 684.70 May 668.10 676.00 657.40 672.30 668.40 Jul 656.50 661.60 641.70 657.00 653.50 Nov 552.80 560.10 550.90 555.70 552.80 Jan ‘22 550.80 556.80 550.80 553.40 551.90 Mar 558.70 558.70 551.00 551.00 549.90 May 555.20 555.20 547.60 547.60 546.90 Jul 550.00 550.00 543.30 543.30 543.00 Nov - 516.10 - 516.10 517.40 Jan ‘23 - 516.40 - 516.40 517.70 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 Lys-Cso Equity Fund A 12.68 1.77 Barometer DL Equity A 17.06 1.53 QuWlth Enh Gb GroETF Fd A 8.48 1.35 Dyn Pwr Gbl Navig Cl A 33.94 1.19 ADelta Grwth Div Inc Cl A 10.24 1.18 Dyn Pwr Gbl Grwth Cl A 31.82 1.03 DMP Power Gbl Growth Cl A 25.90 0.98 Fid Gbl Con Eq CN Fd A 11.32 0.96 Fid Global Equ C N PP B 24.48 0.86 ROMC Trust Series A 14.36 0.84 Fid Gbl Innov CN Cl A 27.77 0.76 Chou Associates Fund A 103.69 0.74 InvFTSE RAFI Gb+ETF Fd A 15.46 0.67 A U.S. dollar cost $1.2654 based on daily average +0.66 -0.06 OIL GAS GOLD LSI VER US$53.57 US$2.67 US$1,851.40 US$25.64 -3.50 +0.06 DOLLAR 79.03¢ +0.35 SOURCES: THE CANADIAN PRESS, FUNDATA, ICE FUTURES CANADA, CME GROUP Canadian Dollar Agnico Eagle Mines L 88.35 -0.59 423 117.35 43.25 Air Canada Voting an 23.89 0.90 6,970 52.71 9.26 Algonquin Power & Ut 21.28 -0.24 1,290 22.39 13.84 Alimentation Couche- 36.98 -0.31 410 47.57 30.57 Alimentation Couche- 36.29 -0.81 16,098 47.49 30.40 B2Gold Corp. 6.59 0.02 4,532 9.99 3.12 Ballard Power System 43.67 -2.73 1,918 48.42 9.79 Bank of Montreal 99.50 0.21 1,711 104.75 55.76 Bank of Nova Scotia 69.96 0.93 5,699 74.92 46.38 Barrick Gold Corpora 29.91 -0.04 3,225 41.09 17.52 Bausch Health Compan 33.34 0.44 1,233 39.70 16.30 BCE Inc. 54.95 0.08 1,670 65.28 46.03 BlackBerry Limited 11.46 2.01 11,960 12.54 3.94 BMO S&P 500 Index ET 52.64 -0.49 765 53.60 35.14 Brookfield Asset Man 48.84 0.33 1,797 60.48 31.35 Brookfield Infrastru 66.15 1.86 301 74.66 37.45 Brookfield Property 21.66 0.06 957 26.38 10.05 Brookfield Renewable 57.64 -2.21 410 63.39 29.16 BRP Inc. Subordinate 82.90 1.42 161 87.75 18.56 CAE Inc. Unlimited 35.19 0.06 917 41.85 14.26 Cameco Corporation 17.55 0.17 1,295 18.91 7.69 Canadian Apartment P 49.58 0.06 170 61.29 36.40 Canadian Imperial Ba 113.86 0.03 1,726 114.21 67.52 Canadian National Ra 142.01 -2.39 872 149.11 92.01 Canadian Natural Res 33.01 -0.51 6,320 42.19 9.80 Canadian Pacific Rai 451.44 -10.01 252 482.74 252.00 Canadian Tire Corpor 209.00 0.00 0 239.99 140.00 Canadian Tire Corpor 180.98 3.05 264 181.57 67.15 Canadian Utilities L 31.49 0.13 821 42.97 25.25 Canadian Utilities L 31.45 0.00 0 42.90 25.63 Canopy Growth Corpor 43.71 2.91 2,579 43.82 12.96 CCL Industries Inc. 61.25 0.00 0 61.25 35.00 CCL Industries Inc. 61.00 0.17 193 61.69 34.57 Cenovus Energy Inc. 8.24 0.41 6,578 12.49 2.06 CGI Inc. Class A Sub 98.90 -1.98 779 114.49 67.23 CNOOC Limited americ 128.49 5.86 0 233.52 110.00 Constellation Softwa 1602.09 -9.33 41 1789.63 1076.34 Dollarama Inc. 51.93 -1.14 950 55.45 34.70 Emera Incorporated 52.59 0.21 1,311 60.94 42.12 Empire Company Limit 35.20 -0.81 519 40.87 23.88 Enbridge Inc. 45.02 1.07 11,852 57.32 33.06 Fairfax Financial Ho 477.96 5.47 317 637.11 319.37 First Quantum Minera 24.70 0.46 2,172 26.72 4.71 FirstService Corpora 174.13 1.80 32 189.17 83.36 Fortis Inc. 51.76 0.33 1,295 59.28 41.52 Franco-Nevada Corpor 156.33 -2.91 310 222.15 105.93 George Weston Limite 96.21 -0.02 176 111.65 84.01 Gildan Activewear In 35.27 0.20 285 39.54 13.64 Great-West Lifeco In 30.71 0.04 871 35.60 18.88 Husky Energy Inc. 6.76 0.00 15,721 10.74 2.21 Hydro One Limited 29.32 -0.06 560 30.43 20.25 IGM Financial Inc. 35.43 0.22 464 40.38 20.96 Imperial Oil Limited 27.88 0.84 1,229 35.80 10.27 Intact Financial Cor 142.83 -0.08 297 157.74 104.81 iShares Core S&P 500 40.82 -0.15 168 41.15 23.49 iShares Core S&P/TSX 28.54 0.01 351 28.71 17.92 iShares S&P/TSX 60 I 27.00 0.04 1,499 27.12 17.23 Ivanhoe Mines Ltd. C 7.26 0.01 1,367 7.83 1.80 Kinross Gold Corpora 9.10 -0.03 4,673 13.59 4.00 Kirkland Lake Gold L 50.89 -0.62 985 76.43 25.67 Loblaw Companies Lim 63.02 -0.52 473 77.00 59.01 Lundin Mining Corpor 11.69 0.32 2,185 12.47 4.08 Magna International 94.00 -1.32 907 97.98 33.22 Manulife Financial C 24.55 0.21 5,161 27.78 12.58 Metro Inc. 57.23 -0.39 682 66.25 49.03 Molson Coors Canada 67.77 0.54 2 81.60 43.38 Molson Coors Canada 70.83 0.00 0 82.15 45.00 National Bank of Can 73.18 -0.41 1,233 75.01 38.67 Newcrest Mining Limi 26.31 0.56 0 31.25 25.02 Newmont Corporation 79.91 1.17 360 96.45 44.00 Northland Power Inc. 46.99 -0.21 786 50.98 20.52 ONEX Corporation Sub 72.27 -0.09 124 89.92 37.00 Open Text Corporatio 58.61 1.17 652 64.00 42.30 Pan American Silver 39.40 -1.27 736 53.30 14.22 Pembina Pipeline Cor 35.27 1.19 4,303 53.79 15.27 Power Corporation of 30.87 0.98 6,375 35.13 17.47 Quebecor Inc. Class 30.68 0.07 0 34.50 27.35 Quebecor Inc. Class 30.46 -0.24 587 34.55 25.00 Restaurant Brands In 81.15 0.88 578 89.32 36.48 Restaurant Brands In 81.00 -0.01 0 89.17 37.79 Ritchie Bros. Auctio 78.04 -2.48 324 101.93 37.76 Rogers Communication 62.10 -1.80 1 68.47 50.00 Rogers Communication 60.34 -0.57 1,325 67.34 46.81 Royal Bank of Canada 108.18 -0.38 4,211 109.42 72.00 Saputo Inc. 35.53 -0.56 368 41.95 29.31 Shaw Communications 22.37 -0.15 3,889 26.75 17.77 Shopify Inc. Class A 1488.68 -34.88 231 1658.79 435.03 Sun Life Financial I 59.59 -0.97 1,336 66.44 35.43 Suncor Energy Inc. 24.54 1.00 14,620 45.12 14.02 TC Energy Corporatio 55.97 1.07 5,399 76.58 47.05 Teck Resources Limit 28.10 0.57 2 30.00 9.00 Teck Resources Limit 24.93 0.78 1,619 25.70 8.15 TELUS Corporation Co 26.20 -0.01 3,026 27.74 18.55 Thomson Reuters Corp 99.24 -1.65 555 115.66 75.91 TMX Group Limited 124.33 -1.66 177 144.97 84.50 Toromont Industries 88.35 -0.48 127 94.86 52.36 Toronto-Dominion Ban 75.60 0.99 6,693 76.10 49.01 Waste Connections In 128.50 -2.01 282 143.84 100.55 Wheaton Precious Met 51.97 -0.28 704 76.69 26.99 WSP Global Inc. 123.11 0.54 185 127.54 59.83 TSX Top 100 VOLUME 52—WK 52—WK STOCK CLOSE CHG (000S) HIGH LOW (by market capitalization) Australian dollar 0.9836 Brazilian real 0.2419 Chinese renminbi 0.1955 European euro 1.5365 Hong Kong dollar 0.1632 Indian rupee 0.01731 Indonesian rupiah 0.00009 Japanese yen 0.01218 Mexican peso 0.06401 New Zealand dollar 0.9125 Norwegian krone 0.1493 Peruvian new sol 0.3504 Russian ruble 0.01729 Saudi riyal 0.3373 Singapore dollar 0.9546 South African rand 0.08371 South Korean won 0.001154 Swedish krona 0.152 Swiss franc 1.4242 Taiwanese dollar 0.04518 Turkish lira 0.1717 UK pound sterling 1.7296 US dollar 1.2654 Foreign Exchange Rates These are indicative wholesale rates for foreign currency provided by the Bank of Canada on Thursday. Quotations in Canadian funds. B_05_Jan-15-21_FP_01.indd B5 1/14/21 8:34 PM ;