Some of the most active companies traded Thursday on the Toronto Stock Exchange:
Toronto Stock Exchange (16,164.61, down 162.74 points).
Encana Corp. (TSX:ECA). Energy. Down 63 cents, or 7.23 per cent, to $8.08 on 10 million shares.
First Quantum Minerals Ltd. (TSX:FM). Materials. Up two cents, or 0.2 per cent, to $9.85 on 6.8 million shares.
B2Gold Corp. (TSX:BTO). Materials. Down one cents, or 0.3 per cent, to $3.35 on 6.1 million shares.
Bombardier Inc. (TSX:BBD.B). Industrials. Down two cents, or 0.95 per cent, to $2.08 on 5.8 million shares.
Aurora Cannabis Inc. (TSX:ACB). Health care. Down 45 cents, or 3.9 per cent, to $11.10 on 5.8 million shares.
Crescent Point Energy Corp. (TSX:CPG). Energy. Down 41 cents, or 8.07 per cent, to $4.67 on 5.4 million shares.
TD Bank Group. (TSX:TD). Up $1.62 or 2.2 per cent to $75.47. Strong growth in Canadian and American retail operations helped TD Bank Group earn an adjusted profit of $3.27 billion in the second quarter, up from $3.06 billion in the same quarter last year. The Toronto-based lender also benefited from positive earnings at its wholesale banking business — following a net loss in the first quarter — as it reported better-than-expected earnings in the three months ended April 30. On an adjusted basis, TD said it earned $1.75 per share in the quarter, up from $1.62 per share in its second quarter last year.
Royal Bank of Canada. (TSX:RY). Down $2.54 or 2.4 per cent to $102.64. Royal Bank of Canada saw a big bump in profits last quarter, propelled by loan growth and higher interest rates at its personal and commercial banking business that defied the housing slump. The seven per cent boost in net income to $3.23 billion came despite a big uptick in provisions on impaired loans. Total provisions for credit losses at RBC climbed 55 per cent to $426 million in the second quarter — up from $274 million in the same quarter last year — due to higher provisions in personal and commercial banking, wealth management and capital markets. RBC grew domestic mortgage balances by 5.2 per cent to nearly $253 billion.
Canadian Natural Resources Ltd. (TSX:CNQ). Down $1.20 or 3.33 per cent to $34.82. Shell Canada says the Quest carbon capture and storage project north of Edmonton has reached the milestone of four million tonnes of stored carbon dioxide, equivalent to the annual emissions of about one million cars. It says the accomplishment is ahead of schedule and has been attained at a lower cost than expected. Quest opened in 2015 and cost about $1.35 billion, backed with $745 million from the Alberta government and $120 million from Ottawa. The project was sold to Calgary-based Canadian Natural Resources Ltd. in 2017, along with most of Shell’s Alberta oilsands assets, but is still operated by Shell.
The Canadian Press