TORONTO — Some of the most active companies traded Tuesday on the Toronto Stock Exchange:
Toronto Stock Exchange (16,537.34, up 42.25 points.)
Bombardier Inc. (TSX:BBD.B). Industrials. Up six cents, or 3.3 per cent, to $1.88 on 9.4 million shares.
Encana Corp. (TSX:ECA). Energy. Down three cents, or 0.48 per cent, to $6.17 on 9.2 million shares.
Royal Bank of Canada (TSX:RY). Financials. Up $1.08, or 1.07 per cent, to $102.32 on 8.9 million shares.
Canadian Natural Resources Ltd. (TSX:CNQ). Energy. Up $1.19, or 3.65 per cent, to $33.76 on 8.3 million shares.
Whitecap Resources Inc. (TSX:WCP). Energy. Up 12 cents, or 2.83 per cent, to $4.36 on 6.8 million shares.
Barrick Gold Corp. (TSX:ABX). Materials. Down 24 cents, or 1.05 per cent, to $22.66 on 5.9 million shares.
Companies in the news:
Encana Corp. — Encana Corp. has named Michael McAllister as its president, part of several changes to its executive leadership. He will continue to report to chief executive Doug Suttles. McAllister joined the company nearly 20 years ago and held positions of increasing responsibility. He previously served as Encana’s executive vice-president and chief operating officer. The company also promoted Brendan McCracken to executive vice-president of corporate development and external affairs. He will also report to Suttles.
Fortis Inc. (TSX:FTS). Down 26 cents to $55.17. Fortis Inc. raised its dividend as it announced an increased capital investment plan. The utility company says it will now pay a quarterly dividend of 47.75 cents per share, up from 45 cents. Shares in Fortis will have an annual yield of 3.4 per cent based on its closing share price on Monday. The increased payment to shareholders came as the company said it will spend $18.3 billion between 2020 and 2024, up $1 billion from the previous year’s plan. Fortis has utility customers in five Canadian provinces, nine U.S. states and three Caribbean countries.
Suncor Energy Inc. (TSX:SU). Up 85 cents, or 2.2 per cent to $40.20. Suncor Energy Inc. says it will spend $1.4 billion to replace its coke-fired boilers with two cogeneration units at its oilsands base plant north of Fort McMurray, Alta. The company says the units will provide steam generation for its extraction and upgrading operations and generate 800 megawatts of power. The change will also help reduce costs. Suncor says replacing the coke-fired boilers with cogeneration will reduce greenhouse gas emissions associated with steam production at the base plant by approximately 25 per cent. The project is expected to be in-service in the second half of 2023.
The Canadian Press