TORONTO — Some of the most active companies traded Tuesday on the Toronto Stock Exchange:
Toronto Stock Exchange (15,148.12, up 72.70 points.)
HEXO Corp. (TSX:HEXO). Health care. Down 12 cents, or 11 per cent, to 97 cents on 16.8 million shares.
Bombardier Inc. (TSX:BBD.B). Industrials. Up 1.5 cents, or 3.03 per cent, to 51 cents on 11.6 million shares.
Suncor Energy Inc. (TSX:SU). Energy. Up 13 cents, or 0.54 per cent, to $24.33 on 11.1 million shares.
Manulife Financial Corp. (TSX:MFC). Financials. Up $1.01, or 6.21 per cent, to $17.28 on 10.8 million shares.
The Green Organic Dutchman Holdings. (TSX:TGOD). Health care. Down four cents, or 6.9 per cent, to 54 cents on 9.9 million shares.
B2Gold Corp. (TSX:BTO). Materials. Down 53 cents, or 6.99 per cent, to $7.05 on 7.6 million shares.
Companies in the news:
Bank of Nova Scotia (TSX:BNS). Up $3.85, or 7.4 per cent, to $55.84. COVID-19 weighed down Bank of Nova Scotia’s second quarter, causing its profit to plunge and the company to increase its reserves to cover bad loans. The Toronto-based bank reported Tuesday a profit of $1.32 billion for the period ended April 30, down sharply from a year ago. The bank’s provisions for credit losses totalled nearly $1.85 billion for the quarter, more than doubling from $873 million a year earlier. On an adjusted basis, it earned $1.04 per diluted share in the quarter, up from 98 cents per share forecast by analysts and compared with $1.70 per diluted share a year ago.
Roots Corp. (TSX:ROOT). Up 12 cents, or 12.6 per cent, to $1.07. Clothing retailer Roots Corp. has named Meghan Roach as its new chief executive. Roach, who has been interim chief executive since January, replaces Jim Gabel, who left the company after the board expressed a need for “renewed leadership.” She joined Roots from Searchlight Capital Partners, the company’s largest shareholder. Before becoming interim chief executive, Roach served as the interim chief financial officer at Roots. Roots says that given the circumstances created by the COVID-19 pandemic, Roach will forgo her salary and potential bonus payments for the remainder of 2020.
National Bank of Canada (TSX:NA). Up $3.06, or 5.7 per cent, to $57.08. National Bank of Canada says its net income plunged nearly 33 per cent in its second quarter as it put aside $504 million in provisions for credit losses. The Montreal-based bank says its net income amounted to $379 million for the period ended April 30, compared to $558 million in the same quarter last year. The bank says its basic earnings per share reached $1.01 compared to $1.52 a year prior, while its diluted earnings per share stood at $1.01 in comparison to $1.51 at the same time last year. Analysts expected the bank would report diluted earnings per share of 94 cents, according to financial markets data firm Refinitiv.
This report by The Canadian Press was first published May 26, 2020.
The Canadian Press