TORONTO — Some of the most active companies traded Tuesday on the Toronto Stock Exchange:
Toronto Stock Exchange (16,273.26, down 0.81 of a point.)
Suncor Energy Inc. (TSX:SU). Energy. Up 10 cents, or 0.64 per cent, to $15.66 on 9.6 million shares.
Royal Bank of Canada. (TSX:RY). Financials. Down 25 cents, or 0.26 per cent, to $95.90 on 7.6 million shares.
Manulife Financial Corp. (TSX:MFC). Financials. Down four cents, or 0.22 per cent, to $18.44 on 7.5 million shares.
Canadian Natural Resources (TSX:CNQ). Down nine cents, or 0.39 per cent, to $22.88 on 6.9 million shares.
Enbridge Inc. (TSX:ENB). Energy. Down 14 cents, or 0.37 per cent, to $38.17 on 6.8 million shares.
Cenovus Energy Inc. (TSX:CVE). Energy. Up two cents, or 0.41 per cent, to $4.84 on 6.3 million shares.
Companies in the news:
TC Energy Corp. (TSX:TRP). Up 83 cents, or 1.5 per cent to $56.46. The Alberta government says it welcomes the news that Ottawa has approved an expansion of the Nova Gas Transmission Ltd. gathering system in Alberta — while condemning federal delays that it says cost this summer’s construction season. The $2.3-billion NGTL expansion was approved by the government as part of a “commitment to moving forward with good projects,” said federal Natural Resources Minister Seamus O’Regan in a news release late Monday. The pipeline division owned by Calgary-based TC Energy Corp. will now be required to restore 3,840 hectares of caribou habitat, an area 30 times the size of the habitat impacted by the project, he said, and an Indigenous working group is to be formed to assist with the restoration and monitoring plan.
Magna International Inc. (TSX:MG). Up 74 cents to $71.45. Canadian auto parts company Magna International Inc. has chosen company veteran Seetarama Kotagiri as its new chief executive amid the retirement of Don Walker, who led the company through turmoil to growth. Kotagiri will become chief executive on Jan. 1, 2021, replacing Walker who will retire at the end of this year after a 33-year career at the company. Walker served as Magna’s chief executive between 1994 and 2001 before returning to the job in 2005. During his time at Magna, Walker also worked as vice-president product development and engineering, chief operating officer and president, in addition to being chief executive of Intier Automotive Inc., one of Magna’s former publicly traded subsidiaries, between 2001 and 2005.
Canadian Pacific Railway Ltd. (TSX:CP). Down $5.55 or 1.3 per cent to $420.16. Canadian Pacific Railway Ltd. says it earned $598 million in its latest quarter, down from $618 million in the same quarter last year. The railway said Tuesday the profit amounted to $4.41 per diluted share for the quarter ended Sept. 30, down from $4.46 per diluted share a year ago. Revenue for the company’s third quarter totalled $1.86 billion, down from $1.98 On an adjusted basis, the railway says its $4.12 per diluted share for the quarter compared with an adjusted profit of $4.61 per diluted share a year ago. In its outlook, CP Rail says it expects a low-single-digit decline in revenue ton-miles in 2020 and at least mid-single-digit adjusted diluted earnings per share growth.
The Laurentian Bank of Canada (TSX:LB). Up four cents to $26.36. The Laurentian Bank of Canada named former Scotiabank executive Rania Llewellyn as its next president and chief executive, making her the first woman to lead a major Canadian bank. Llewellyn takes over the job on Oct. 30. She joins Laurentian after a 26-year career at Scotiabank, where she was most recently executive vice-president, global business payments. Llewellyn had also been vice-president, multicultural banking; president and CEO of Roynat Capital; senior vice-president, commercial banking, growth strategy; and senior vice-president, products and services, global transaction banking.
This report by The Canadian Press was first published Oct. 20, 2020.
The Canadian Press