TORONTO — Some of the most active companies traded Monday on the Toronto Stock Exchange:
Toronto Stock Exchange (18,330.09, down 86.65 points.)
Manulife Financial Corp. (TSX:MFC). Financials. Down 18 cents, or 0.73 per cent, to $24.44 on 18.6 million shares.
Suncor Energy Inc. (TSX:SU). Energy. Up 44 cents, or 1.7 per cent, to $26.34 on 15.3 million shares.
The Supreme Cannabis Co. Inc. (TSX:FIRE). Health care. Down 1.5 cents, or 4.84 per cent, to 29.5 cents on 12 million shares.
Toronto-Dominion Bank. (TSX:TD). Financials. Up $1.19, or 1.55 per cent, to $78.03 on 10.5 million shares.
Zenabis Global Inc. (TSX:ZENA). Health care. Down half a cent, or 3.57 per cent, to 13.5 cents on 9.2 million shares.
Cenovus Energy Inc. (TSX:CVE). Energy. Up 17 cents, or 1.88 per cent, to $9.23 on eight million shares.
Companies in the news:
Bombardier Inc. (TSX:BBD.B). Down one cent, or 1.7 per cent, to 56 cents. Bombardier says it has been the target of a cybersecurity breach that compromised confidential information related to its employees, customers and suppliers. Hackers gained access to the data by exploiting a vulnerability in a third-party file transfer application, Bombardier said in a news release. The breach affected approximately 130 employees based in Costa Rica, the company says. Bombardier did not specify when the incident occurred, saying only that it happened recently. The company says it was not specifically targeted and the vulnerability affected multiple organizations using the software.
Gibson Energy Inc. (TSX:GEI). Up 27 cents, or 1.3 per cent, to $21.26. The CEO of Gibson Energy Inc. says "clarity" about the future of the cancelled Keystone XL pipeline has prompted increased interest from potential customers in an expansion of its diluent recovery unit now under construction at the Hardisty crude transport hub in east-central Alberta. Diluent, a light oil mixed with sticky, heavy bitumen from the oilsands to allow it to flow in a pipeline, makes up as much as a third of the volume of blended bitumen or "dilbit'' headed to U.S. refineries. Gibson's project is designed to remove the diluent from dilbit transported by pipeline to Hardisty, allowing transfer of the concentrated heavy crude to railcars for shipping south, while the diluent can be recycled to Alberta oilsands producers.
Scotiabank (TSX:BNS). Up $2.02, or 2.8 per cent, to $74.10. Scotiabank was one of two banks to report that it is in a better financial position now than before COVID-19 became widespread in Canada. Scotiabank said on Tuesday that it had a profit of $2.4 billion or $1.86 per diluted share in the three months ending Jan. 31, up from nearly $2.33 billion or $1.84 per share in the same period last year. Although the novel coronavirus was identified in Canada in late January last year and sent the economy into a downturn by March, Scotiabank executives said that Canadian and international banking "showed marked improvement" by this winter. Provisions for credit losses for the quarter amounted to $764 million, down from $926 million a year ago.
BMO Financial Group (TSX:BMO). Up $3.06, or three per cent, to $104.90. BMO Financial Group beat expectations as it reported its first-quarter profit was up compared with a year ago, before the pandemic began, as clients found ways to make their loan payments. The bank's executives also said on Tuesday that U.S. clients are benefiting from a faster vaccine rollout compared with Canada. BMO beat expectations as it reported a profit of nearly $2.02 billion or $3.03 per diluted share for the quarter ended Jan. 31, up from $1.59 billion or $2.37 per diluted share in the same period a year earlier. The profit came as BMO's provisions for credit losses for the quarter amounted to $156 million, down from $349 million a year ago and $432 million in the fourth quarter of its 2020 financial year.
Thomson Reuters Corp. (TSX:TRI). Up $10.89, or 10.7 per cent, to $112.15. Thomson Reuters Corp. raised its dividend as it reported a fourth-quarter profit of US$562 million and beat expectations. The company, which keeps its books in U.S. dollars, says it will now pay a quarterly dividend of 40.5 cents per share, up from 38 cents. The increased payment to shareholders came as Thomson Reuters says it earned US$1.13 per diluted share for the quarter ended Dec. 31, down from a profit of US$1.32 billion or US$2.64 per diluted share a year ago when it benefited from a large one-time gain. Revenue for the quarter totalled $1.62 billion, up from $1.58 billion in the fourth quarter of 2019.
This report by The Canadian Press was first published Feb. 23, 2021.
The Canadian Press