TORONTO — Some of the most active companies traded Friday on the Toronto Stock Exchange:
Toronto Stock Exchange (19,620.13, up 43.09 points.)
Enbridge Inc. (TSX:ENB). Energy. Down 26 cents, or 0.47 per cent, to $55.35 on 16.3 million shares.
Suncor Energy Inc. (TSX:SU). Energy. Down 27 cents, or 0.68 per cent, to $39.19 on 11.1 million shares.
TC Energy Corp. (TSX:TRP). Energy. Down $2.08, or 3.17 per cent, to $63.55 on 7.8 million shares.
Cenovus Energy Inc. (TSX:CVE). Energy. Up 56 cents, or 2.71 per cent, to $21.26 on 6.4 million shares.
Barrick Gold Corp. (TSX:ABX). Materials. Down 12 cents, or 0.59 per cent, to $20.17 on 6.2 million shares.
Athabasca Oil Corp. (TSX:ATH). Energy. Up nine cents, or 4.39 per cent, to $2.14 on six million shares.
Companies in the news:
Telus Corp. (TSX:T) Down one cent to $28.92. Telus Corp. said Friday that the reliability of its network helped it add a record number of customers in the second quarter as it recorded a 45 per cent climb in net income. The company had a record 247,000 net customer additions for the second quarter, including 93,000 in mobile, thanks both to low turnover and added clients. Higher subscriber numbers helped the company record a net income of $498 million for the second quarter, up from $344 million in the same period last year.
Suncor Energy Inc. — The new interim CEO of Suncor Energy Inc. says the oil and gas giant is ready to stop studying its workplace safety problem and start implementing solutions instead. Kris Smith, who took the helm of the Canadian oil and gas producer in the wake of the departure of former CEO Mark Little — who stepped down last month one day after the death of a worker at Suncor’s Base Mine near Fort McMurray, Alta. — made the comments Friday during what was his first quarterly conference call with analysts since assuming his new role. At least 12 workplace deaths have occurred at Suncor sites since 2014, more than all the company’s oilsands peers combined. Earlier this spring, Suncor’s safety performance — as well as a spate of recent operational and production problems — caught the attention of U.S.-based activist investor Elliot Investment Management, which publicly laid out its case for change at the Calgary-headquartered company.
Canopy Growth Corp. (TSX:WEED). Down 19 cents or 5.15 per cent to $3.50. Canopy Growth Corp. executives argued the company is advancing toward profitability, even as it booked a $1.72-billion non-cash writedown that contributed to a net loss of more than $2 billion during its most recent quarter. The Smiths Falls, Ont., company behind the Tweed, Tokyo Smoke and Doja brands said Friday that its first-quarter net loss compared to net earnings of more than $389 million at the same time last year. The impairment charge for the period ended June 30 was linked to Canopy’s pot operations and came as its recreational business-to-business cannabis sales fell 38 per cent since last year because of price compression and increased competition.
This report by The Canadian Press was first published Aug. 5, 2022.