TORONTO — Some of the most active companies traded Wednesday on the Toronto Stock Exchange:
Toronto Stock Exchange (21,468.83, up 280.99 points.)
Enbridge Inc. (TSX:ENB). Energy. Down 41 cents, or 0.7 per cent, to $55.82 on 10.8 million shares.
Bombardier Inc. (TSX:BBD.B). Industrials. Up 10 cents, or 7.4 per cent, to $1.45 on 10 million shares.
Suncor Energy Inc. (TSX:SU). Energy. Up three cents, or 0.1 per cent, to $37.98 on 9.7 million shares.
BCE Inc. (TSX:BCE). Telecommunications. Up 29 cents, or 0.4 per cent, to $68.06 on 9.6 million shares.
Canadian Natural Resources (TSX:CNQ). Energy. Up 82 cents, or 1.1 per cent, to $74.65 on 9.3 million shares.
Cenovus Energy Inc. (TSX:CVE). Energy. Down 15 cents, or 0.8 per cent, to $18.93 on 8.5 million shares.
Companies in the news:
Alimentation Couche-Tard Inc. (TSX:ATD). Up $2.91 or 6.1 per cent to $50.82. Alimentation Couche-Tard Inc. says an improved economy and reopening from COVID-19 restrictions should allow consumers to absorb the pain of higher prices at the pump resulting from surging crude prices. CEO Brian Hannasch said it's going to take a quarter or so to measure the fallout, but a relatively short-term shock shouldn't have a meaningful impact on consumer behaviour in terms of miles driven or type of cars purchased. He noted that European benchmark Brent crude prices have dropped back to US$100 per barrel last week after surging above US$133 in response to the Russian invasion of Ukraine. North American prices have also pulled back from recent highs. Persistently higher crude prices risk some demand disruption, Hannasch told analysts, but any customer hesitation has been offset by society reopening as pandemic lockdowns recede. The Quebec-based convenience store company, which keeps its books in U.S. dollars, said its profit increased to US$746.6 million or 70 cents per diluted share for the 16-week period ended Jan. 30, up from US$607.5 million or 55 cents per diluted share a year earlier. Revenue totalled US$18.58 billion, up from US$13.16 billion. Earlier this month, Couche-Tard suspended its operations in Russia and Hannasch condemned Russia's aggression against Ukraine and the impact it is having on both Ukrainians and Russians.
This report by The Canadian Press was first published March 16, 2022.
The Canadian Press