Some of the most active companies traded Friday on the Toronto Stock Exchange:
Toronto Stock Exchange (20,485.66, down 39.79 points):
Suncor Energy Inc. (TSX:SU). Energy. Down 17 cents, or 0.39 per cent, to $43 on 23.6 million shares.
Barrick Gold Corp. (TSX:ABX). Materials. Down 15 cents, or 0.65 per cent, to $22.86 on 14.7 million shares.
Enbridge Inc. (TSX:ENB). Energy. Down 32 cents, or 0.58 per cent, to $54.69 on 10.7 million shares.
TC Energy Corp. (TSX:TRP). Energy. Down 59 cents, or one per cent, to $58.19 on 10.5 million shares.
Canadian Natural Resources Ltd. (TSX:CNQ). Energy. Up 35 cents, or 0.44 per cent, to $80.69 on 10.3 million shares.
Canopy Growth Corp. (TSX:WEED). Health care. Up 48 cents, or 9.09 per cent, to $5.76 on 7.8 million shares.
Companies in the news:
Parkland Corp. (TSX:PKI). Up 43 cents, or 1.51 per cent, to $28.94.Parkland Corp. is doubling the size of its previously announced electric vehicle charging network with a focus on British Columbia, which leads the country in EV adoption. The Calgary-based fuel retailer said Friday it will now install 50 ultra-fast charging stations on highways and in major destinations from Vancouver Island to Calgary, instead of the previously announced 25.
CIBC (TSX:CM). Down 42 cents, or 0.70 per cent, to $59.39. CIBC says a New York court has issued a liability ruling against the Canadian bank in a lawsuit brought by Cerberus Capital Management LP. Cerberus filed the lawsuit in November 2015. The case related to an October 2008 transaction in which CIBC issued a limited recourse note to Cerberus specifying certain payment streams, and a subsequent transaction in 2011 in which CIBC sold a residual interest in the streams to the private equity firm. Cerberus claimed damages of US$1.067 billion at trial earlier this year.
Canadian Western Bank (TSX:CWB). Down $1.14, or 4.48 per cent, to $24.28. CWB Financial Group raised its dividend and reported its fourth-quarter profit fell compared with a year ago as its provision for credit losses rose. The bank says it upped its quarterly dividend by a penny to 32 cents per share. The increased payment to shareholders came as CWB reported common shareholders' net income of $67.7 million or 72 cents per share for the quarter ended Oct. 31, down from $90.0 million or $1.01 per diluted share a year earlier. Revenue totalled $279.8 million, up from $260.6 million in the same quarter last year.
This report by The Canadian Press was first published Dec. 2, 2022.
The Canadian Press