TORONTO — Some of the most active companies traded Thursday on the Toronto Stock Exchange:
Toronto Stock Exchange (19,135.81, up 28.04 points.)
Enbridge Inc. (TSX:ENB). Energy. Down $1.60, or 3.31 per cent, to $46.70 on 20.5 million shares.
Manulife Financial Corp. (TSX:MFC). Financials. Up 32 cents, or 1.25 per cent, to $25.87 on 19.5 million shares.
Suncor Energy Inc. (TSX:SU). Energy. Down 77 cents, or 2.73 per cent, to $27.47 on eight million shares.
Algonquin Power & Utilities Corp. (TSX:AQN). Utilities. Up six cents, or 0.33 per cent, to $18.40 on 7.1 million shares.
Crescent Point Energy Corp. (TSX:CPG). Energy. Down 33 cents, or 6.52 per cent, to $4.73 on 6.2 million shares.
Cenovus Energy Inc. (TSX:CVE). Energy. Down 22 cents, or 2.29 per cent, to $9.38 on 5.7 million shares.
Companies in the news:
Aurora Cannabis Inc. (TSX:ACB). Down 39 cents or 4.2 per cent to $8.93. Aurora Cannabis Inc. says it incurred a $164.7-million net loss in its latest quarter and will now embark on a plan to generate millions in annualized cost efficiencies. The net loss the Edmonton-based pot company reported in its third quarter compared with a $139.3-million loss in the same quarter the year before. This quarter's loss amounted to 85 cents per share in the quarter ended March 31 compared with a loss of $1.40 last year. Aurora says its net revenue reached $55.2 million in the third quarter, down from $73.5 million last year. The company was expected to report a net loss of 21 cents per share on revenues of $68.5 million, according to financial data firm Refinitiv. Aurora announced its earnings as it also unveiled a plan to accelerate between $60 million and $80 million in annualized cost efficiencies over the next 12 to 18 months.
Canadian Tire Corp. Ltd. (TSX:CTC.A). Up $20.40 or 10.6 per cent to $212.84. Spring's early arrival sent demand for everything from patio furniture and inflatable pools to barbecues and bikes soaring at Canadian Tire Corp. Ltd., which reported higher-than-expected sales growth in its first quarter. Comparable sales across all of the company's retail banners, a retail industry measurement of sales within an existing store network without the effect of opening and closing stores, increased by 19.3 per cent for the three months ended April 3 compared with the year-earlier period. The Mark's retail chain, which sells casual and industrial apparel, led the way with a 22 per cent uptick in comparable sales growth, while Canadian Tire sales rose 19.2 per cent and SportChek sales increased 18.7 per cent. The Toronto-based retailer posted a profit attributable to shareholders of $151.8 million, compared with a loss of $13.3 million for the same period a year earlier. Revenue for the quarter was $3.32 billion, up from $2.85 billion in the first quarter of 2020.
Quebecor Inc. (TSX:QBR.B). Down three cents to $33.38. Quebecor Inc. reported its first-quarter profit fell compared with a year ago as its revenue climbed higher, helped by gains in its telecommunications business and recent acquisitions. The Montreal-based company said Thursday that its net income attributable to shareholders totalled $121.3 million or 49 cents per share for the quarter ended March 31, down from a profit of $131.6 million or 52 cents per share a year ago. Revenue for the quarter totalled $1.09 billion, up from nearly $1.06 billion in the first quarter last year. Adjusted income from continuing operating activities totalled 52 cents per share in the quarter, up from 44 cents per share in the first quarter of 2020. Telecommunications revenue rose to $914 million in the quarter, up from $874.7 million a year ago. Meanwhile, Quebecor's media revenue held steady at $174.8 million, while sports and entertainment revenue fell to $31.2 million compared with $34.8 million in the same quarter last year.
Canada Goose Holdings Inc. (TSX:GOOS). Down $4.58 or 9.1 per cent to $4.58. Canada Goose Holdings Inc. reported a fourth-quarter profit of $2.9 million, up from $2.5 million a year ago, as its revenue rose more than 30 per cent. CEO Dani Reiss says Canada Goose has shifted from recovery to growth beyond pre-pandemic levels. The luxury parka maker says its profit amounted to three cents per diluted share for the quarter ended March 28, up from two cents per diluted share a year earlier. Revenue in what was the fourth quarter of its 2021 financial year totalled $208.8 million, up from $140.9 million in the same quarter last year. On an adjusted basis, Canada Goose says it earned a penny per share for the quarter compared with a loss of 12 cents per share in the year-ago period. In its outlook, Canada Goose says it expects total revenue for its 2022 financial year to top $1 billion.
This report by The Canadian Press was first published May 13, 2021.
The Canadian Press