Most actively traded companies on the Toronto Stock Exchange

TORONTO — Some of the most active companies traded on the Toronto Stock Exchange on Tuesday:

Toronto Stock Exchange (20,590.98, up 19.68 points.)

Bombardier Inc. (TSX:BBD.B). Industrial. Eight cents, or 4.9 percent, rose to $170 on 11.3 million shares.

Enbridge Inc. (TSX:ENB). Energy. Up 87 cents, or 1.7 percent, to $51.74 on 11 million shares.

Suncor Energy Inc. (TSX:SU). Energy. Up $1.66, or five percent, to $34.86 on 9.8 million shares.

Cenovus Energy Inc. (TSX:CVE). Energy. Up 77 cents, or 4.4 percent, to $18.38 on 8.8 million shares.

Manulife Financial Corp. (TSX:MFC). finances. Up 24 cents, or one percent, to $25.28 on eight million shares.

Royal Bank of Canada (TSX:RY). finances. Down $2.12, or 1.5 percent, to $141.22 on 7.8 million shares.

Companies in the news:

Canadian National Railway Co. (TSX:CNR). $1.35 up to $154.94. Canadian National Railway Co. has named Tracy Robinson as new president and CEO to succeed JJ Ruest. CN says Robinson, the first woman to lead the 103-year-old company, will move to first place on Feb. 28 when Ruest leaves after last year’s failed takeover attempt of U.S. railroad company Kansas City Southern. The Montreal-based company says Ruest will remain in an advisory role until March 31. Robinson joins TC Energy’s business, where she served as an executive after 27 years at CN rival Canadian Pacific Railway Ltd. The appointment came as CN reported fourth-quarter profits are up 17 percent from a year ago and that railroads have increased its 2022 dividend by 19 percent. Despite the flooding in BC late last year, CN’s net income was nearly a third of sales, a $1.2 billion jump from $1.02 billion in the fourth quarter of 2020.

Metro Inc. (TSX:MRU). 45 cents down to $64. Vaccination mandates for truck drivers have increased transportation costs but have not impacted shipping goods to stores, says the head of one of Canada’s largest supermarket chains. Instead, Eric La Flèche, Metro president and CEO, said Tuesday the biggest impact on Canada’s food supply chain has been absenteeism due to COVID-19 protocols. The labor shortage caused by quarantined workers affects the entire supply chain — including stores, distribution centers and suppliers, as well as transportation — causing sporadic outages of certain products, he said. Metro increased its quarterly dividend by 10 percent to 27.5 cents a share as the Montreal-based supermarket and drugstore retailer earned $207.7 million or 85 cents per diluted share Tuesday for the 12-week period ending Dec. 18, up from earnings of $191.2 million or 76 cents a share in the same quarter a year earlier. Revenue in the quarter totaled $4.32 billion, up from $4.28 billion in the year-ago quarter. The increase came as same-store grocery sales fell 1.4 percent from a year ago, while same-store sales of pharmacies rose 7.7 percent.

Manulife Financial Corp. — Manulife Financial Corp. says Rick Lunny, president and CEO of Manulife Bank, will retire at the end of February. It says that Alex Lucas, the current head of individual insurance at Manulife Canada, will take on the role of head of the Canadian online bank. Mike Doughty, chief executive of Manulife Canada, said in the memo announcing the change that Lucas has been with Manulife for more than 15 years, including head of individual insurance since 2014. Lunny was the bank’s CEO for more than seven years. . Manulife Bank was founded in 1993 and says it was the first bank without a branch in Canada, and the first federally regulated bank opened in the country by an insurance company. The bank reported $27.7 billion in assets and net income of $44 million for the quarter ended September 30.

This report from The Canadian Press was first published on January 25, 2022.

The Canadian Press