TORONTO — Some of the most active companies traded Tuesday on the Toronto Stock Exchange:
Toronto Stock Exchange (20,659.99, down 489.01 points.)
B2Gold Corp. (TSX:BTO). Materials. Down six cents, or 1.17 per cent, to $5.06 on 79.9 million shares.
Yamana Gold Inc. (TSX:YRI). Materials. Down six cents, or 1.16 per cent, to $5.10 on 68.3 million shares.
Manulife Financial Corp. (TSX:MFC). Financials. Down $1.08, or 4.5 per cent, to $22.84 on 34.5 million shares.
Suncor Energy Inc. (TSX:SU). Energy. Down 83 cents, or 2.6 per cent, to $31.12 on 27.6 million shares.
Tourmaline Oil Corp. (TSX:TOU). Energy. Down $1.59, or 3.61 per cent, to $42.51 on 23.5 million shares.
Baytex Energy Corp. (TSX:BTE). Energy. Down 14 cents, or 3.67 per cent, to $3.68 on 23.1 million shares.
Companies in the news:
Scotiabank (TSX:BNS). Down $1.65 or 2.03 per cent to $79.78. Scotiabank became the first big bank to raise its dividend since restrictions on doing so were lifted as it kicked off a week of bank earnings Tuesday. The bank said it would boost its quarterly dividend by 10 cents to $1 per share and plans to buy back up to 24 million of its shares as it reported higher fourth-quarter income, while also announcing an accelerated shift to digital for its international banking division. The increased payment to shareholders and share buyback plan follow a decision by the Office of the Superintendent of Financial Institutions earlier this month to lift COVID-19-related restrictions and allow federally regulated banks and insurers to increase dividends, resume share buybacks and raise executive compensation. Scotiabank chief executive Brian Porter said on an analyst call Tuesday that the payout increases come as the bank has more than recovered from the effects of the outbreak.
West Fraser Timber Co. (TSX:WFG). Down $1.69 or 1.58 per cent to $105.04. West Fraser Timber Co. Ltd. says severe weather and flooding in B.C. that has disrupted highways and rail routes in the province is affecting its lumber and pulp shipments. The forestry company says that in the second half of November, its western Canadian lumber weekly shipments have fallen by as much as 30 per cent. West Fraser also says its pulp shipments to the port of Vancouver, from where the majority of its export pulp ships, have averaged less than 20 per cent of normal volumes. Heavy rains have caused flooding and mudslides that have cut several key transportation routes in B.C. including highways and rail lines. West Fraser says it is using alternative transportation routes and methods, but the magnitude and duration of the impact from current weather events remains uncertain.
This report by The Canadian Press was first published Nov. 30, 2021.
The Canadian Press