TORONTO — Some of the most active companies traded Wednesday on the Toronto Stock Exchange:
Toronto Stock Exchange (19,957.96, down 36.82):
Manulife Financial Corp. (TSX:MFC). Financials. Down 16 cents, or 0.68 per cent, to $23.33 on 19.6 million shares.
Auxly Cannabis Group Inc. (TSX:XLY). Health care. Down one cent, or 33.33 per cent, to two cents on 19.4 million shares.
Suncor Energy Inc. (TSX:SU). Energy. Down 88 cents, or 1.79 per cent, to $48.31 on 15.7 million shares.
Enbridge Inc. (TSX:ENB). Energy. Up 23 cents, or 0.43 per cent, to $53.82 on 14.9 million shares.
Barrick Gold Corp. (TSX:ABX). Materials. Down 21 cents, or 0.99 per cent, to $21.05 on 13.5 million shares.
Algonquin Power & Utilities Corp. (TSX:AQN). Utilities. Down 11 cents, or 1.06 per cent, to $10.23 on 9.7 million shares.
Companies in the news:
Metro Inc. (TSX:MRU). Up $1.97, or 2.73 per cent, to $74.22. Metro Inc. reported its fourth-quarter profit fell compared with a year ago as it took a $60-million charge related to the company's decision to have its Jean Coutu drugstore chain withdraw from the Air Miles loyalty program next year. The grocery and drugstore retailer said it earned $168.7 million or 70 cents per diluted share for the quarter ended Sept. 24 compared with a profit of $194 million or 79 cents per diluted share a year ago. Sales totalled $4.43 billion, up from $4.09 billion in the same quarter last year.
Restaurant Brands International Inc. (TSX:QSR). Up $5.58, or 7.03 per cent, to $84.96. The parent company of Tim Hortons has named a former chief executive of Domino's Pizza as its new executive chair. Restaurant Brands International Inc., which also includes Burger King, Popeyes and Firehouse Subs, said Patrick Doyle will take the job effective immediately. Doyle was CEO at Domino's Pizza from 2010 to 2018.
Loblaw Companies Ltd. (TSX:L). Up $2.51, or 2.34 per cent, to $109.76. Loblaw Companies Ltd. reported its third-quarter profit rose about 30 per cent compared with a year ago. The grocery and drugstore retailer said its net earnings available to common shareholders totalled $556 million or $1.69 per diluted share for the quarter ended Oct. 8. The result was up from $431 million or $1.27 per diluted share in the same quarter last year. Revenue totalled $17.39 billion, up from $16.05 billion in its third quarter of 2021. Sales were led by strong performance in the grocer's discount banners, including No Frills and Real Canadian Superstore, the company said. The grocer also noted a continued shift to private label brands like President’s Choice and No Name.
NFI Group Inc. (TSX:NFI). Up seven cents, or 0.69 per cent, to $10.28. NFI Group Inc. reported a loss of US$42.6 million in its latest quarter compared with a loss of US$15.4 million in the same quarter last year as its revenue edged higher. NFI chief executive Paul Soubry said the results reflect the ongoing impacts of unreliable supplier performance, associated production inefficiencies and heightened inflation on input costs. The bus maker, which keeps its books in U.S. dollars, said the loss amounted to 56 cents per share for the company's third quarter compared with a loss of 22 cents per share a year earlier.
This report by The Canadian Press was first published Nov. 16, 2022.
The Canadian Press