April 29, 2021 - 2:29 PM
TORONTO - Some of the most active companies traded Thursday on the Toronto Stock Exchange:
Toronto Stock Exchange (19,255.92, down 101.03 points.)
Royal Bank of Canada. (TSX:RY). Financials. Up 37 cents, or 0.31 per cent, to $118.11 on 9.1 million shares.
Zenabis Global Inc. (TSX:ZENA). Health care. Down 1.5 cents, or 12 per cent, to 11 cents on 8.6 million shares.
Birchcliff Energy Ltd. (TSX:BIR). Energy. Unchanged at $3.11 on 6.9 million shares.
Baytex Energy Corp. (TSX:BTE). Energy. Up 10 cents, or 7.14 per cent, to $1.50 on 6.2 million shares.
Suncor Energy Inc. (TSX:SU). Energy. Up 10 cents, or 0.38 per cent, to $26.66 on 5.5 million shares.
Manulife Financial Corp. (TSX:MFC). Financials. Up 22 cents, or 0.82 per cent, to $26.99 on 5.5 million shares.
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Transat A.T. Inc. has struck a deal to borrow up to $700 million from the federal government and said it would immediately start refunding customers whose travel plans were upended by COVID-19.
The fully repayable credit facilities are being made available by the Canada Enterprise Emergency Funding Corporation under the Large Employer Emergency Financing Facility, Transat said Thursday in a statement. Transat said it only plans to use the funds on an as-needed basis. If all of the available facilities are used, the average interest rate will be about six per cent.
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Transat A.T. Inc. has struck a deal to borrow up to $700 million from the federal government and said it would immediately start refunding customers whose travel plans were upended by COVID-19.
The fully repayable credit facilities are being made available by the Canada Enterprise Emergency Funding Corporation under the Large Employer Emergency Financing Facility, Transat said Thursday in a statement. Transat said it only plans to use the funds on an as-needed basis. If all of the available facilities are used, the average interest rate will be about six per cent.
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E.R. Images/Shutterstock
Air Transat will soon begin offering monetary refunds to travellers whose trips were cancelled by the COVID-19 pandemic.
The company announced on Thursday that refunds would be offered to customers who received a travel credit for a trip that was scheduled to start on or after February 1, 2020.
The trip must have been booked by April 29, 2021, and travellers must not have submitted a claim to their insurance company. Refunds will be offered for flights and vacation packages.
Air Transat’s ability to offer the refunds was made possible by a $310 million funding agreement with the Canada Enterprise Emergency Funding Corporation (CEEFC).