National Post (Latest Edition)

Trillium Therapeuti­cs up 1,308% in 2020

- Michael Bellusci

Canadian equities closed out 2020 with a slight gain, though lagged their peers south of the border.

The S& P/ TSX Composite Index advanced 2.2 per cent this year, while the S& P 500 Index rose 16 per cent. Oil and gas stocks were among laggards as lockdowns continued, denting demand.

Here’s a look at some companies that benefited — and those that have suffered this year.

Winners

❚ Trillium Therapeuti­cs Inc. (+ 1,308 per cent): Cancer drug developer surged after data, and has been a hedge fund favourite.

❚ Ballard Power Systems Inc. (+ 221 per cent): Clean energy and electric- vehicle exposure has propelled Ballard.

❚ Shopify Inc. (+ 178 per cent) and Lightspeed POS Inc. (+ 149 per cent): Tech platforms surged during COVID-19 lockdowns, and the two have emerged as Canadian tech darlings.

❚ New Gold Inc. (+ 143 per cent) and Teranga Gold Corp. (+ 95 per cent): Gold acted as a haven during the pandemic, while fiscal uncertaint­y remains.

❚ Cargojet Inc. (+ 108 per cent): Cargo shipping has hit peak levels as many retail storefront­s remain closed during lockdowns.

❚ Canfor Corp. (+ 89 per cent): Lockdowns boosted lumber futures on home renovation­s.

Losers

❚ Suncor Energy Inc. (-50 per cent), Inter Pipeline Ltd. (-47 per cent), Cenovus Energy Inc. (- 41 per cent): Energy stocks lagged as oil briefly turned negative in the early stages of lockdowns along with a Saudi- Russia price war.

❚ Air Canada (- 53 per cent): Travel bans crushed global flying.

❚ Cominar Real Estate Investment Trust (- 43 per cent): Quebec REIT looking at strategic alternativ­es given office and retail exposure.

 ?? GAVIN YOUNG / POSTMEDIA NEWS FILES ?? Cargo shipping has hit peak levels as many retail storefront­s remain closed during COVID-19 lockdowns,
and Canadian company Cargojet’s shares gained 108 per cent in 2020.
GAVIN YOUNG / POSTMEDIA NEWS FILES Cargo shipping has hit peak levels as many retail storefront­s remain closed during COVID-19 lockdowns, and Canadian company Cargojet’s shares gained 108 per cent in 2020.

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