TORONTO — Some of the most active companies traded Monday on the Toronto Stock Exchange:
Toronto Stock Exchange (19,669.17, up 49.04 points.)
Suncor Energy Inc. (TSX:SU). Energy. Down 11 cents, or 0.28 per cent, to $39.08 on 13.9 million shares.
Enbridge Inc. (TSX:ENB). Energy. Up 45 cents, or 0.81 per cent, to $55.80 on 13.8 million shares.
Barrick Gold Corp. (TSX:ABX). Materials. Up 67 cents, or 3.32 per cent, to $20.84 on 10.2 million shares.
Manulife Financial Corp. (TSX:MFC). Financials. Up seven cents, or 0.30 per cent, to $23.65 on eight million shares.
Athabasca Oil Corp. (TSX:ATH). Energy. Up six cents, or 2.8 per cent, to $2.20 on 7.9 million shares.
UEX Corp. (TSX:UEX). Materials. Unchanged at 48 cents on 6.6 million shares.
Companies in the news:
Cenovus Energy Inc. (TSX:CVE). Up 73 cents or 3.43 per cent to $21.99. Cenovus Energy Inc. has signed a US$300-million deal that it says marks another step forward in its long-term strategy to integrate its heavy oil production with refining capability. The Calgary-based oil company announced Monday it has reached a deal with British energy giant BP to buy the remaining 50 per cent stake in the BP-Husky Toledo Refinery in Ohio. The two companies have also signed a multi-year product supply agreement. Cenovus has owned the other 50 per cent of the Toledo refinery since its combination with Husky Energy in 2021. When the transaction closes before the end of the year, Cenovus will take over operations of the refinery, which is currently operated by BP. The more than 580 employees at the Toledo refinery will become employees of Cenovus.
Nutrien Ltd. (TSX:NTR). Up $1.60 or 1.48 per cent to $109.99. Saskatoon-based fertilizer giant Nutrien Ltd. has named Ken Seitz president and CEO following a months-long global talent search. The company says Seitz, who has served as interim CEO since January and previously headed up its potash operation, brings 25 years of experience in agriculture and mining to the role. Nutrien says it has achieved record results under Seitz’s leadership amid sweeping changes in agricultural markets and unprecedented global food security challenges. Russ Girling, chairman of Nutrien’s board of directors, says the company’s record performance during some of the most turbulent times in the sector underscore the strength of Seitz’s leadership.
Barrick Gold Corp. (TSX:ABX). Up 67 cents or 3.32 per cent to $20.84. Barrick Gold Corp. saw its second-quarter profit surge almost 20 per cent since last year as it grappled with near 40-year-high inflation in Canada. The Toronto-based gold-miner, which keeps its books in U.S. dollars, said Monday that its profit for the period ended June 30 amounted to US$488 million, up nearly 19 per cent from US$411 million in the same quarter last year. The profit amounted to 27 cents per diluted share for the quarter ended June 30 compared with 23 cents per share a year ago. In a call with analysts, Barrick CEO Mark Bristow highlighted that the company managed to record the profit despite economic and global headwinds.
This report by The Canadian Press was first published Aug. 8, 2022.