Winnipeg Free Press

Winnipeg Free Press (Newspaper) - January 21, 2025, Winnipeg, Manitoba B6 ● WINNIPEGFREEPRESS.COM BUSINESS I STOCKS TUESDAY, JANUARY 21, 2025 Agnico Eagle Mines L 124.01 0.92 186 124.20 60.17 Alamos Gold Inc. 28.48 0.25 153 29.66 15.27 AltaGas Ltd. 34.92 -0.06 238 35.77 26.91 ARC Resources Ltd. 26.84 0.32 594 28.15 19.58 AtkinsRéalis Group 75.70 -0.31 224 79.38 41.01 Bank of Montreal 143.83 0.51 710 147.54 109.02 Bank of Nova Scotia 73.86 0.29 1,956 80.14 60.68 Barrick Gold Corpora 23.21 0.07 668 29.50 18.65 BCE Inc. 33.62 0.12 1,644 56.13 31.43 BMO S&P 500 Index ET 94.69 -0.16 217 95.22 71.15 BMO S&P/TSX Capped C 33.67 0.11 60 34.67 27.43 Brookfield Infrastru 45.20 0.04 169 50.46 34.36 Brookfield Renewable 29.86 0.02 196 40.84 27.55 CAE Inc. 34.81 -0.11 150 36.68 22.28 Cameco Corporation 74.29 -0.38 314 88.18 48.71 Canadian Imperial Ba 90.63 -0.03 843 95.50 59.53 Canadian National Ra 148.25 1.32 309 181.34 143.18 Canadian Natural Res 46.97 1.96 5,873 56.50 40.02 Canadian Pacific Kan 109.98 1.71 760 123.37 101.76 Canadian Tire Corpor 223.00 1.00 1 275.36 192.10 Canadian Tire Corpor 161.22 0.23 34 164.13 126.25 Canadian Utilities L 34.33 -0.08 126 37.10 29.15 CCL Industries Inc. 71.72 0.28 85 84.70 55.34 CCL Industries Inc. 72.99 0.00 0 83.99 57.11 Cenovus Energy Inc. 22.19 0.42 2,621 29.96 19.82 CGI Inc. Class A Sub 157.23 0.37 122 162.63 132.06 Colliers Internation 201.64 2.39 18 218.47 138.13 Constellation Softwa 4361.61 -30.76 6 4879.19 3535.00 Descartes Systems Gr 167.23 -0.34 29 174.24 113.65 Dollarama Inc. 134.26 0.92 184 152.97 97.80 Element Fleet Manage 28.75 0.31 142 30.49 21.20 Emera Incorporated 53.77 -0.40 585 56.20 44.13 Empire Company Limit 42.50 0.10 1,061 46.77 31.45 Enbridge Inc. 63.93 -0.45 1,707 64.68 45.05 Fairfax Financial Ho 1983.52 -12.04 30 2071.49 1213.01 Fairfax Financial Ho 1371.18 0.00 0 1397.29 893.44 First Quantum Minera 19.90 0.89 1,546 21.45 10.91 FirstService Corpora 264.00 0.36 63 278.19 193.77 Fortis Inc. 60.56 -0.13 376 63.75 51.02 Franco-Nevada Corpor 185.20 3.16 109 191.17 140.67 Galaxy Digital Holdi 31.15 1.21 768 32.48 7.61 George Weston Limite 218.72 -0.28 32 239.79 166.78 Gildan Activewear In 72.30 0.30 95 72.71 43.12 Great-West Lifeco In 45.81 -0.17 313 50.99 38.44 Hydro One Limited 44.07 -0.13 148 48.05 37.27 IGM Financial Inc. 44.92 0.11 91 47.96 32.95 Imperial Oil Limited 99.36 0.50 440 108.89 73.81 Intact Financial Cor 254.13 0.38 105 275.84 205.80 iShares Core MSCI EA 38.80 0.23 341 39.48 34.44 iShares Core S&P 500 62.75 0.62 118 63.70 50.73 iShares Core S&P/TSX 40.16 0.18 141 41.31 32.65 iShares S&P/TSX 60 I 38.18 0.10 1,433 39.06 31.33 Ivanhoe Mines Ltd. 17.00 0.55 510 21.32 13.05 Keyera Corp. 41.93 -0.02 360 47.90 31.16 Kinross Gold Corpora 15.10 0.19 681 15.48 6.46 Loblaw Companies Lim 181.20 -0.16 103 196.49 132.55 Lundin Gold Inc. 34.60 0.07 108 35.89 14.23 Lundin Mining Corpor 12.75 0.49 877 17.97 9.90 Magna International 58.35 -0.03 191 79.98 51.79 Manulife Financial C 44.24 -0.02 1,067 46.42 28.53 Metro Inc. 90.08 -0.51 61 94.86 68.12 Molson Coors Canada 87.00 0.00 0 97.01 63.46 Molson Coors Canada 80.36 0.31 0 93.06 65.04 National Bank of Can 130.06 1.27 497 141.15 99.86 Newmont Corporation 60.25 -0.03 35 81.16 39.96 ONEX Corporation Sub 111.30 0.37 18 118.91 85.36 Open Text Corporatio 40.36 0.19 165 60.00 37.92 Ovintiv Inc. 65.97 -0.21 60 76.63 49.74 Pan American Silver 31.45 0.41 170 36.00 16.50 Pembina Pipeline Cor 54.70 0.49 799 60.72 44.56 Power Corporation of 43.00 0.20 1,143 47.89 35.83 RB Global Inc. 129.77 0.59 69 139.48 82.18 Restaurant Brands In 87.81 0.29 251 112.12 86.33 Restaurant Brands In 87.97 0.86 0 109.74 87.11 Rogers Communication 46.50 1.49 3 64.55 44.98 Rogers Communication 41.25 0.44 786 64.71 39.65 Royal Bank of Canada 173.79 -0.49 3,348 180.45 127.60 Saputo Inc. 22.86 -0.17 806 32.15 22.65 Shopify Inc. Class A 149.52 -0.03 428 171.84 72.36 Sprott Physical Gold 20.63 -0.30 4 22.68 15.36 Sprott Physical Gold 29.78 -0.40 130 30.75 20.78 Stantec Inc. 111.97 -0.14 38 123.92 103.48 Sun Life Financial I 84.96 -0.20 310 88.54 64.38 Suncor Energy Inc. 57.15 0.72 1,454 58.58 41.88 TC Energy Corporatio 69.18 0.62 2,115 70.32 48.12 Teck Resources Limit 63.67 1.22 457 74.37 49.45 Teck Resources Limit 63.50 2.36 1 74.15 49.62 TELUS Corporation 20.28 0.14 1,960 24.92 19.10 TFI International In 194.02 -0.21 37 220.93 173.25 Thomson Reuters Corp 231.01 0.50 74 243.42 199.00 TMX Group Limited 44.95 0.33 97 45.92 33.09 Toromont Industries 115.99 0.72 66 135.53 109.83 Toronto-Dominion Ban 82.36 -0.77 2,363 87.99 73.22 Tourmaline Oil Corp. 68.22 1.09 507 70.65 53.45 Vanguard S&P 500 Ind 153.90 0.00 443 155.76 115.49 Vanguard U.S. Total 115.91 -0.56 287 116.95 87.53 Waste Connections In 257.03 -0.98 102 273.51 203.29 West Fraser Timber C 129.90 -0.34 29 141.27 100.84 Wheaton Precious Met 84.04 0.51 101 94.84 52.15 WSP Global Inc. 247.66 0.71 64 259.60 190.91 VOLUME 52-WK 52-WK STOCK CLOSE CHG (000S) HIGH LOW (by market capitalization) TSX Top 100 MARK E T WAT CH Daily Mutual Movers Biggest gainers and losers base on percentage change in daily net asset value per share. Data supplied by Fundata. All Funds COMPANY CLOSE CHG NPT Energy Fund Ser A 26.23 2.32 RBC Cdn S & M-Cp Res Fd A 11.77 1.98 DesjSus Intl Sm Cap Eq A 12.28 1.11 Desj Cdn Sml Cap Equ Fd A 50.10 1.10 RBC U.S. Eq CN Idx ETF DZ 19.86 1.05 RBCI Sm Cap Gro Fd Inv 79.65 1.04 Mawer New Canada Fund A 92.24 1.04 Ninepoint Energy Inc A 9.64 1.03 CIBC Cdn Small-Cap Fund A 45.16 1.02 TD Cdn Sm-Cap Equ Fd Inv 45.77 1.02 RBCI Cdn Sm Cap Eq Pl FdF 10.09 1.01 BMO Prvt Cdn Spec Eq Port 96.76 0.99 Fid All-in-One Bal ETF F 12.56 0.99 Canadian Equity COMPANY CLOSE CHG DFA Cdn Vector Equ Fd A 15.98 0.70 DFA Cdn Core Equity Fd A 29.79 0.66 Veritas Canadian Equity F 15.64 0.63 Fid Cdn Opport Fd B 36.72 0.60 SEI Cdn Equity Fd O 24.81 0.55 Rus Inv Cdn Equ Pl B 18.63 0.52 RBC O’Sh All-Cdn Eq Fd A 18.17 0.51 RBC QUBE Cdn Equ Fd O 13.82 0.50 Gdian Cdn Equity Fund I 226.84 0.48 ATBIS Cdn Equ Pool-F1 14.74 0.45 RBC Cdn Equity Fd A 30.54 0.44 RBC Private Can Equ Pl A 11.44 0.44 RBC Can Eq In ETF A 11.68 0.44 Canadian Fixed Income COMPANY CLOSE CHG BDQ Bond Fund 10.48 0.21 RBCI Cdn Bd Pl Fd F 9.91 0.20 RBCI Cdn Bd Fd Inv 12.20 0.20 RBC Vision Bond Fund Sr D 9.86 0.19 NEI Fixed Income Pool I 9.14 0.19 Dyn Act Core Bond Pv Pl F 8.52 0.19 PH&N TotalReturnBondFdD 10.42 0.19 PH&N Bond Fund Series D 9.30 0.19 Desj Enhanced Bond Fd A 9.52 0.19 TD Cdn Core + Bond Fd Inv 10.60 0.19 Rus Inv Cdn Fix Inc Fd O 109.52 0.19 SEI Cdn Fixed Income Fd O 10.63 0.19 NEI Cdn Imp Bd Fd A 10.17 0.19 Global Equity COMPANY CLOSE CHG Canadian Dollar 43,487.83 19,630.20 DOW NASDAQ S&P 500 S&P/TSX 0.00 0.00 0.00 +103.66 25,171.585,996.66 0.00 0.000.00 OIL GAS GOLD SILVER US$77.39 US$3.95 US$2,748.70 US$31.14 0.00 DOLLAR 69.78¢ +0.50 24,900 25,400 24,400 25,900 23,900 DAILY CLOSE, PAST 30 DAYS I December January Manitoba Stocks Ag Growth Int’l Inc. 41.37 0.67 29,921 Artis REIT 7.22 0.05 84,982 BCE Inc. 33.62 0.12 1,643,636 Bird River Resources Inc. 0.04 0 - Boyd Group Services Inc. 225.86 4.33 23,088 Buhler Industries Inc. 3.39 0 - Exchange Income Corp. 54.73 0.89 51,826 FP Newspapers Inc. 0.48 -0.06 2,000 Gossan Resources Ltd. 0.02 0 1,000 Great West Lifeco Inc. 45.81 -0.17 313,101 Hudbay Minerals Inc. 12.92 0.49 764,850 IGM Financial Inc. 44.92 0.11 90,969 Kane Biotech Inc. 0.11 0.005 40,000 Medicure Inc. 0.83 0 - NFI Group Inc. 13.69 0.36 100,248 North West Co. Inc. New 45.65 -0.17 43,059 Pollard Banknote Ltd. 26.50 0.29 2,723 Winpak Ltd. 44.32 -0.13 26,926 Marwest Apartment REIT 0.66 -0.01 3,000 COMPANY CLSE CHG VOL COMPANY CLSE CHG VOL Futures Trading — Grain quotes CANOLA COMPANY OPEN HIGH LOW CLOSE YESTERDAY Mar ‘25 616.00 634.10 612.10 631.90 616.00 May 626.00 642.40 621.70 639.50 625.50 Jul 633.80 649.00 629.80 645.00 633.80 Nov 627.00 632.00 621.60 629.60 625.60 Jan ‘26 630.90 634.30 628.40 634.30 631.10 Mar 634.00 634.90 634.00 634.90 632.20 May 634.00 635.60 634.00 635.60 632.90 Jul - 633.40 - 633.40 630.80 Nov - 637.20 - 637.20 631.70 Jan ‘27 - 636.20 - 636.20 630.70 Mar - 636.20 - 636.20 630.70 SOURCES: THE BANK OF CANADA, FUNDATA, ICE FUTURES CANADA, CME GROUP S&P/TSX Composite Index Foreign Exchange Rates These are indicative wholesale rates for foreign currency provided by the Bank of Canada on Monday. Quotations in Canadian funds. Australian dollar 0.8971 Brazilian real 0.2371 Chinese renminbi 0.1962 European euro 1.4896 Hong Kong dollar 0.1842 Indian rupee 0.01661 Indonesian rupiah 0.000088 Japanese yen 0.0092 Mexican peso 0.06972 New Zealand dollar 0.8109 Norwegian krone 0.1266 Peruvian new sol 0.384 Russian ruble 0.01412 Saudi riyal 0.3819 Singapore dollar 1.0559 South African rand 0.07714 South Korean won 0.000995 Swedish krona 0.1297 Swiss franc 1.5777 Taiwanese dollar 0.04383 Turkish lira 0.0403 UK pound sterling 1.7618 US dollar 1.4330 A U.S. dollar cost $1.4430 based on daily average Fid Global Equ C N PP B 27.83 0.56 Fid Gbl Con Eq CN Fd A 12.21 0.56 Fid Gbl Innov CN Cl A 33.35 0.52 Fid Founders CN Cl A 22.63 0.43 Fid Gbl Disc Eq CN Cl B 28.82 0.35 RBCI GloEquVolFocFd InvU 15.64 0.33 Fid Gbl Conc Eq Fd B 15.91 0.24 Fid Global Fund Ser B 91.44 0.23 Fid Global Equ Priv Pl B 36.56 0.22 Fid LTLeadCurrNeut FdA 13.03 0.22 DFA Gbl Equ Port Cl A 27.47 0.11 SEI Growth 100 Fund O 12.92 0.09 SEI Global Equity Pl Cl O 9.69 0.02 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. NOTE: U.S. MARKETS CLOSED FOR MARTIN LUTHER KING JR. DAY Johnston & Murphy shutters CDN stores TORONTO — Shoe and clothing retail- er Johnston & Murphy has closed its Canadian stores. The U.S. company announced the closure in an online note to customers, who were also told the brand is no long- er accepting e-commerce orders for shipment to Canada. Spokesperson Marisa Drew says in an email the company had five stores in the country including locations at Toronto Pearson Airport and Vaughan Mills and Mapleview Centre malls out- side the city. She described the closures as a result of rising operating costs which she said limited Johnston & Mur- phy’s retail opportunities. Drew said the company is revamping its international e-commerce oper- ations to support a digital presence in Canada and will continue to service customers in the country through wholesale partnerships with brands including Factory Shoe, Leclerc Chaus- sures and Duggers. — The Canadian Press Meta will continue to use fact checkers outside U.S. ‘for now’ META Platforms Inc. will continue to use its fact checkers outside of the United States “for now” even as the Instagram and Facebook owner does away with the practice at home, the company’s head of global business Nic- ola Mendelsohn said. Meta, which said it will replace third- party fact checkers in the U.S. with a community notes system, will see how the change plays out before deciding about a transition in other regions, Mendelsohn said in an interview with Bloomberg Television at the World Eco- nomic Forum in Davos on Monday. Chief executive officer Mark Zucker- berg said this month he decided to pull back on the practice, which was set up almost a decade ago to combat viral hoaxes spreading on the platform, be- cause the complex systems were mak- ing “too many mistakes” and unfairly censoring users. That will be more difficult outside of the U.S. where there are more stringent laws regulating how digital services police misinformation. The European Union requires large platforms to act- ively cull deceptive political content and disinformation or risk heavy fines under the Digital Services Act. “We’ll see how that goes as we move it out over the years,” Mendelsohn said. “So nothing changing in the rest of the world at the moment, we are still work- ing with those fact checkers around the world.” Zuckerberg also said the company would work with U.S. President Donald Trump to push back on countries that restrict free expression, blaming the U.S. government under the outgoing Biden administration for pushing for “censorship.” Trump, who was temporarily banned from Facebook after the Jan. 6, 2021, U.S. Capitol riot and has called the platform “the enemy of the people,” welcomed the move and said Meta had “come a long way.” — Bloomberg News JILLIAN DEUTSCH 63% express recession concerns in 2025, 48% believe economy will weaken: BMO T ORONTO — As tariff threats continue to loom, a new Bank of Montreal survey finds 63 per cent of Canadians expressed concerns about the potential for a recession in the next 12 months. The online poll also found 48 per cent of those surveyed believed the econ- omy will weaken over the next year, while 19 per cent expect it to improve. Despite the pessimism among re- spondents, BMO Capital Markets sen- ior economist Robert Kavcic said the global economy is expected to grow this year. “While the trade concerns are front and centre for many Canadians and should be taken seriously, global eco- nomic growth is expected to continue and we expect underlying Canadian economic growth to improve in 2025, barring serious and sustained tariff action,” he said in a statement. Rising prices and the cost of living continue to be top concerns for Can- adians, the survey said. More than two-thirds of Canadians said inflation is having a negative im- pact on their current financial situa- tion. Forty-four per cent of respondents said they were spending an extra $100 to $300 per month on basic living ex- penses, while 38 per cent reported spending more than $300 extra every month. Sixty-one per cent of Canadian re- spondents said inflation is currently high and they fear prices will continue to rise. “On the inflation front, recent data also indicates price growth has stabil- ized around the Bank of Canada’s target. Canadians can expect the Bank of Can- ada to continue to reduce interest rates modestly further in 2025,” Kavcic said. Meanwhile, the survey points out last year was “generally positive” for in- vestors. “While economic headwinds, includ- ing the prospect of tariffs may be a con- cern for Canadian households, we still see room for the major markets to con- tinue making gains in 2025,” said Brent Joyce, chief investment strategist and managing director at BMO Private In- vestment Counsel, in a statement. Joyce said investors should remem- ber the Canadian stock market is not the Canadian economy “and it is often the case that markets climb a wall of worry.” The online survey of 1,500 adult Can- adians was conducted by Pollara from Nov. 8 to Nov. 18, 2024. The poll does not include a margin of error because online surveys are not considered truly random samples. — The Canadian Press RITIKA DUBEY GRAHAM HUGHES / THE CANADIAN PRESS FILES A cart of groceries in Montreal — 44 per cent of respondents said they were spending an extra $100-$300 a month on basic living expenses. Developer pitches 250-room floating hotel for Vancouver VANCOUVER — A Finnish developer wants to bring a 250-room floating ho- tel into Vancouver’s harbour. A statement from Sunborn Inter- national Holding says the proposed ho- tel would be 136 metres long and 19.5 metres high, spread out over six floors and connected to the Convention Centre by a ramp from the seawall walkway. The company says the hotel could be open by 2027, subject to government ap- provals, and it has begun the process of applying for rezoning from the city. Graham Clarke, chair of the Vancou- ver Harbour Flight Centre, which is partnering on the project, says in the statement the floating hotel would con- tribute to the urgent need for rooms in Vancouver with no permanent footprint or environmental ramifications. — The Canadian Press ;