TORONTO — Some of the most active companies traded Wednesday on the Toronto Stock Exchange:
Toronto Stock Exchange (19,330.81, down 182.09 points.)
Suncor Energy Inc. (TSX:SU). Energy. Down 68 cents, or 1.58 per cent, to $42.49 on 23.8 million shares.
Enbridge Inc. (TSX:ENB). Energy. Down $1.70, or 3.04 per cent, to $54.16 on 7.7 million shares.
Crescent Point Energy Corp. (TSX:CPG). Energy. Down seven cents, or 0.7 per cent, to $9.98 on 6.2 million shares.
Barrick Gold Corp. (TSX:ABX). Materials. Down 13 cents, or 0.66 per cent, to $19.50 on 5.9 million shares.
Great-West Lifeco Inc. (TSX:GWO). Financials. Down 70 cents, or 2.22 per cent, to $30.85 on 5.8 million shares.
Cenovus Energy Inc. (TSX:CVE). Energy. Down two cents, or 0.08 per cent, to $24.64 on 5.5 million shares.
Companies in the news:
Rogers Communications Inc. (TSX:RCI.B). Down 91 cents, or 1.58 per cent, to $56.55. As Rogers Communications Inc. aims to close its $26-billion proposed takeover of Shaw Communications Inc. by the end of this year, one telecom watcher says the process could drag on into mid-2023. Scotiabank analyst Maher Yaghi says pushback from the Competition Bureau and uncertainty around the proposed sale of Shaw-owned wireless carrier Freedom Mobile to Quebecor Inc., a move meant to appease federal regulators, could slow things down. Canada's competition watchdog has been trying to block the deal, arguing that it will lessen competition substantially and lead to higher phone bills. Rogers and Shaw are expected to appear before the Competition Tribunal in November where they will try to overturn the Competition Bureau's opposition to the transaction.
TFI International Inc. (TSX:TFI). Down 82 cents, or 0.62 per cent, to $131.03. The union representing almost 1,500 Loomis Express workers says it has reached a tentative agreement with the company, avoiding a strike that was set to begin Wednesday. Details of the tentative settlement were not immediately available. Unifor says the deal covers hourly drivers, owner-operators, call centre staff, clerical, and warehouse workers at Loomis Express locations in B.C., Alberta, Saskatchewan, Manitoba, Ontario, New Brunswick, Nova Scotia and Prince Edward Island. The union says ratification votes will be scheduled in the coming days. Loomis Express is owned by TFI International Inc.
Alimentation Couche-Tard Inc. (TSX:ATD). Down 13 cents, or 0.23 per cent, to $56.44. Canadian convenience store giant Alimentation Couche-Tard Inc. says higher fuel and food costs are impacting customer driving and shopping habits and boosting sales of its private label brand. President and chief executive Brian Hannasch says while some big brands like Coca-Cola or Monster Energy have maintained strong sales, customers are "trading down" on other food items. He says the Quebec-based company is seeing strong double-digit sales growth of its house brand as people look for value, especially in categories such as confection and salty snack food. His comments during a call with analysts come a day after Couche-Tard reported net earnings of $872.4 million in the first quarter of its 2023 fiscal year, a 14 per cent increase from the prior year's quarter.
This report by The Canadian Press was first published Aug. 31, 2022.
The Canadian Press
