Bombardier Is Rejoining The Toronto Stock Exchange

Canadian business jet manufacturer Bombardier (TSX:BBD.B) is rejoining the Toronto Stock Exchange.

S&P Dow Jones Indices says Bombardier will return to the S&P/TSX Composite Index on September 20 of this year. Birchcliff Energy (TSX:BIR) will also rejoin the TSX on the same day.

Bombardier is returning to the TSX Composite a little more than a year after its delisting. The aerospace firm has narrowed its focus to business jets after selling its train-making operations and exiting its regional jet business.

Birchcliff Energy was delisted from the index in September 2019 after its market capitalization fell below the minimum required threshold. Over the past year, shares of the Calgary-based oil and gas producer have climbed nearly 300% as oil prices rallied from their pandemic lows.

A full list of the companies being added to the TSX Composite Index on September 20 includes: Birchcliff Energy, Bombardier, Converge Technology Solutions (TSX:CTS), Docebo, (TSX:DCBO) K92 Mining (TSX:KNT), MTY Food Group (TSX:MTY), Telus International (TEX:T) and WELL Health Technologies (TSX:WELL).

Trillium Therapeutics (TSX:TRIL) is the lone stock being delisted from the TSX later this month.