TORONTO — Some of the most active companies traded Tuesday on the Toronto Stock Exchange:
Toronto Stock Exchange (22,087.22, up 109.39 points.)
TC Energy Corp. (TSX:TRP). Energy. Up 62 cents, or 0.9 per cent, to $72.63 on 14.7 million shares.
Athabasca Oil Corp. (TSX:ATH). Energy. Down seven cents, or 3.2 per cent, to $2.12 on 8.4 million shares.
Cenovus Energy Inc. (TSX:CVE). Energy. Up 41 cents, or two per cent, to $20.89 on 7.8 million shares.
Bank of Nova Scotia (TSX:BNS). Financials. Up 18 cents, or 0.2 per cent, to $92.17 on 6.8 million shares.
Crescent Point Energy Corp. (TSX:CPG). Energy. Down six cents, or 0.6 per cent, to $9.31 on 6.5 million shares.
Baytex Energy Corp. (TSX:BTE). Energy. Down five cents, or 0.9 per cent, to $5.60 on 6.4 million shares.
Companies in the news:
Cargojet Inc. (TSX:CJT). Up $21.54 or 13.2 per cent to $185.03. Cargojet Inc. has signed a new agreement with DHL Network Operations (USA) Inc. to provide air-transportation services for DHL's global network that it says will boost earnings and help diversify its services. The agreement, which expands the relationship between the two companies, has a term of five years with a renewal option for an additional two years. Financial terms were not disclosed. Under the deal, Cargojet will provide services to support DHL's international requirements for Europe and North, South, Central and Latin America, as well as Asia. Cargojet uses 12 freighters to service DHL's current requirements. DHL intends to add five additional B-767 freighters during the 2022-23 time frame. It also plans to be Cargojet's inaugural launch customer for the B-777 wide body long-range cargo aircraft, which are expected to begin flying in late 2023 or early 2024.
Calfrac Well Services Ltd. (TSX:CFW). Down six cents or 1.3 per cent to $4.56. Calfrac Well Services Ltd. says it is suspending any investments in Russia. The company says despite the fact that the provision of parts and equipment are not restricted by sanctions, it cancelled shipments that were bound for Russia when the country invaded Ukraine. It has also cancelled any future shipments of parts and equipment into Russia. Calfrac says its western-based employees involved with its Russian operations are currently not in Russia. The company joins a long list of Canadian companies that have suspended operations in Russia in response to the country's war against Ukraine. Calfrac provides specialized oilfield services to exploration and production companies in Canada, the United States, Argentina and Russia.
Lululemon Athletica Inc. — Lululemon Athletica Inc. capped an exceptional year in which it surpassed US$6 billion in revenues for the first time, with net profits growing nearly 32 per cent in the fourth quarter. The Vancouver-based athletic clothing company, which reports in U.S. dollars, says it earned US$434.5 million or US$3.36 per diluted share in the quarter, up from US$329.8 million or US$2.52 per share a year earlier. Adjusted profits for the three months ended Jan. 30 were US$3.37 per diluted share, up from US$2.58 per share in the fourth quarter of 2020. Revenues increased 23 per cent to US$2.13 billion from US$1.73 billion, with total comparable sales increasing 32 per cent and e-commerce revenue rising 17 per cent to represent 49 per cent of total revenues. Analysts on average expected Lululemon to report US$3.28 per share in adjusted profits on US$2.14 billion of revenues, according to financial data firm Refinitiv. For the full-year, it earned US$975.3 million on US$6.26 billion of revenues, up from US$588.9 million on US$4.4 billion of revenues in 2020.
This report by The Canadian Press was first published March 29, 2022.
The Canadian Press
