TORONTO — Some of the most active companies traded Thursday on the Toronto Stock Exchange:
Toronto Stock Exchange (81.70, down 20,417.61):
PetroTal Corp. (TSX:TAL). Energy. Up three cents, or 4.11 per cent, to 76 cents on 21.3 million shares.
Suncor Energy Inc. (TSX:SU). Energy. Down 31 cents, or 0.79 per cent, to $38.87 on 10.6 million shares.
Enbridge Inc. (TSX:ENB). Energy. Up 14 cents, or 0.26 per cent, to $53.28 on 7.5 million shares.
CI Financial Corp. (TSX:CIX). Finance. Up $2.90, or 23.20 per cent, to $15.40 on 6.5 million shares.
Converge Technology Solutions Corp. (TSX:CTS). Technology. Up 64 cents, or 23.62 per cent, to $3.35 on 5.7 million shares.
Cenovus Energy Inc. (TSX:CVE). Energy. Down 31 cents, or 1.43 per cent, to $21.41 on 5.5 million shares.
Companies in the news:
Bank of Nova Scotia. (TSX:BNS). Finance. Up 47 cents, or 0.71 per cent, to $66.56. Bank of Nova Scotia has been fined US$22.5 million by two U.S. agencies for violations related to employee use of unapproved communication methods including text messages and WhatsApp. The Commodity Futures Trading Commission issued a US$15 million penalty related to record-keeping and supervision failures, while the Securities and Exchange Commission levelled a US$7.5 million fine.
Nutrien Ltd. (TSX:NTR). Agriculture. Down $1.38, or 1.63 per cent, to $83.29. The CEO of Canadian fertilizer giant Nutrien Ltd. said Thursday the company may consider slowing down its previously announced plan to ramp up potash production, as falling prices and lower sales volumes take a bite out of profits. The Saskatoon-based company — the world's largest fertilizer producer — lowered its earnings guidance for the year to between $6.4 billion and $8.0 billion, down from a previously announced range of $8.4 billion to $10 billion. The company's net earnings for the third quarter were US$576 million, down 58 per cent from US$1.4 billion a year earlier, and its sales for the quarter ended March 31 were US$6.1 billion, down 20 per cent from US$7.7 billion a year earlier.
Canadian Tire Corp. (TSX:CTC.A). Retail. Down $4.34, or 2.47 per cent, to $171.05. Canadian consumers are increasingly "mindful" in their shopping, prioritizing essential purchases and reining in spending on more expensive goods as inflation continues to squeeze budgets, the head of Canadian Tire Corp. Ltd. said Thursday. The company, which operates multiple brands including Canadian Tire, Mark's and SportChek, recorded a net income attributable to shareholders of $7.8 million or 13 cents per diluted share for the quarter ended April 1, down from $182.1 million or $3.03 per diluted share a year ago.
This report by The Canadian Press was first published May 11,2023.
The Canadian Press
