TORONTO — Some of the most active companies traded Wednesday on the Toronto Stock Exchange:
Toronto Stock Exchange (17,041.92, down 135.45 points.)
Bombardier Inc. (TSX:BBD.B). Industrials. Down two cents, or 1.67 per cent, to $1.18 on 22.4 million shares.
Manulife Financial Corp. (TSX:MFC). Financials. Down seven cents, or 0.3 per cent, to $23.39 on 11.7 million shares.
Enbridge Inc. (TSX:ENB). Energy. Down 85 cents, or 1.6 per cent, to $52.19 on 10 million shares.
Gold Standard Ventures Corp. (TSX:GSV). Materials. Down 3.5 cents, or 4.02 per cent, to 83.5 cents on 7.5 million shares.
Barrick Gold Corp. (TSX:ABX). Materials. Down 16 cents, or 0.57 per cent, to $28.09 on 7.4 million shares.
Suncor Energy Inc. (TSX:SU). Down 80 cents, or 2.07 per cent, to $37.88 on 6.4 million shares.
Companies in the news:
High Liner Foods Inc. (TSX:HLF). Up one cent to $7.99. High Liner Foods Inc. beat expectations as it capped what the Nova Scotia company called a transformative year. The Lunenburg-based fisheries company says its net loss for its fourth quarter surged to US$3 million or nine cents per diluted share compared with a loss of US$810,000 or two cents per diluted share a year earlier. However, excluding one-time items, the company said its adjusted profit more than doubled to US$5.7 million or 17 cents per diluted share for the period ended Dec. 28 compared with US$2.2 million or seven cents per share in same quarter a year earlier.
Rogers Communications Inc. (TSX:RCI.B). Up 27 cents to $64.34. The CEO of Rogers Communications Inc. says that Canada’s wireless industry has not fully matured and still needs “careful nourishing” as it makes huge investments in fifth-generation networks. Rogers chief executive Joe Natale told a regulatory hearing Wednesday that his company needs regulatory certainty to make further 5G investment bets — and warned that they may be at risk if the rules are changed at this time. The Canadian Radio-television and Telecommunications Commission, and successive Liberal and Conservative governments, have favoured “facilities-based” carriers that build and operate their own networks.
Canadian Imperial Bank of Commerce (TSX:CM). Up $1.05 to $107.07. Canadian Imperial Bank of Commerce is in the midst of an overhaul involving job losses and a slew of new faces in top roles with a goal of simplifying the bank. CIBC chief executive Victor Dodig opened up about the changes Wednesday as the bank reported its latest results and named a handful of new senior executives including Shawn Beber as the bank’s new chief risk officer. The financial results included a $339-million restructuring charge related to employee severance in its first quarter, which ended Jan. 31. CIBC reported a profit of $1.21 billion or $2.63 per diluted share for the quarter, up from $1.18 billion or $2.60 per diluted share a year earlier.
Torstar Corp. (TSX:TS.B). Down three cents or 6.8 per cent to 41 cents. Torstar Corp. reported a profit in its fourth-quarter, boosted by one-time gains related to its pension plans and the sale of two real estate properties in Ontario, even as print revenue continued to decline. The publisher of the Toronto Star and other newspapers said Wednesday that its profit attributable to shareholders amounted to $14.1 million or 17 cents per share for the quarter ended Dec. 31. That compared with a loss attributable to shareholders of nearly $3.1 million or four cents per share in the fourth quarter a year earlier. Results in the quarter were boosted by one-time gains including $24.6 million related to the transfer of pension assets and liabilities to the Colleges of Applied Arts and Technology Pension Plan as well as a gain of $3.5 million related to the sale of two real estate properties in Ontario.
This report by The Canadian Press was first published Feb. 26, 2020.
The Canadian Press