Most actively traded companies on the Toronto Stock Exchange

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

Toronto Stock Exchange (21,077.35, down 85.30 points.)

B2Gold Corp. (TSX:BTO). materials. Up 11 cents, or 2.3 percent, to $4.90 on 9.3 million shares.

Canadian Natural Resources (TSX:CNQ). Energy. Down 50 cents, or 0.9 percent, to $54.48 on eight million shares.

Suncor Energy Inc. (TSX:SU). Energy. 37 cents, or 1.2 percent, fell to $31.33 on 7.5 million shares.

Enbridge Inc. (TSX:ENB). Energy. Down 31 cents, or 0.6 percent, to $48.65 on 6.9 million shares.

Crescent Point Energy Corp. (TSX:CPG). Energy. One cent, or 0.1 percent, fell to $6.72 on 6.2 million shares.

Baytex Energy Corp. (TSX:BTE). Energy. Five cents, or 1.3 percent, rose to $4 on 5.7 million shares.

Companies in the news:

Cenovus Energy Inc. (TSX:CVE). 14 cents dropped to $16.09. Cenovus Energy Inc. says Ottawa’s forthcoming announcement of details on the proposed tax credit for carbon capture, use and storage (CCUS) projects should be followed by “significant government support” to allow industry to adopt the technology at scale. The Calgary-based oil producer has been involved in ongoing discussions with Ottawa over the tax credit, which was announced in this year’s federal budget. On Wednesday, Rhona DelFrari, the company’s chief sustainability officer, said the talks are going well. CCUS is a technology that captures greenhouse gas emissions from industrial sources and stores them deep in the ground to prevent them from being released into the atmosphere. Proponents say a massive scale-up of CCUS in the oil and gas industry will be necessary if Canada is to stand a chance of meeting its climate goals. However, some environmentalists are critical of the technology, which does nothing to curb the overall production of fossil fuel products.

Nuvei Corp. (TSX:NVEI). Down from $49.61 or 40.4 percent to $73.12. Shares in Nuvei Corp. plummeted after a critical report on the company by short-seller Spruce Point Capital Management. Spruce Point expressed concern about Nuvei CEO Philip Fayer and the company’s record growth and acquisition strategy. It suggested that shares in the payment processing company were at 40 to 60 percent downside risk over the long term. Spruce Point said it has a short position in Nuvei and has derivatives that will benefit if the share price falls. Nuvei did not immediately respond to a request for comment. The Montreal-based company closed the Toronto Stock Exchange’s largest IPO in the technology sector last year.

dollarama inc. (TSX:DOL). 21 cents down to $57.30. dollarama inc. says it is well stocked for busy Christmas shopping despite ongoing supply chain problems, inflationary pressures and a tight labor market across Canada. The retailer beat estimates with its third-quarter profit on Wednesday, posting a profit of $183.4 million, up from $161.9 million in the year-ago quarter. Earnings were 61 cents per diluted share, compared to 52 cents per diluted share a year earlier. CEO Neil Rossy said the retailer’s financial performance in the quarter ended Oct. 31 represents a “return to a more normalized situation.” The reduction in restrictions led to a shift in shopping behavior, he said. Customers shopped more often, but bought less at the same time – a reversal of the pandemic trend of shoppers stocking up on supplies but traveling less to the store. Dollarama said the average transaction size decreased by 2.8 percent, but the number of transactions increased by 3.7 percent. Revenue in the quarter was $1.12 billion, up from $1.06 billion in the year-ago quarter.

Canadian Pacific Railway Ltd. (TSX:CP). Down $1.01 or 1.1 percent to $91.19. Canadian Pacific Railway Ltd. says shareholders have highly praised the deal to buy US railroad Kansas City Southern. CP says its shareholders voted 99.9 percent to issue up to 278 million common shares of common stock to shareholders of KCS, a significant step in the agreement. Shareholders of the Calgary-based railroad also voted en masse to change the name to Canadian Pacific Kansas City Ltd., though the new name is subject to approval by regulators in the United States. CP agreed in September to buy KCS in a $31 billion deal, including the takeover of $3.8 billion in debt, after a fierce battle with Canadian National Railway Co., which was also seeking the acquisition. of the American railroad company. The US regulator has approved the use of a voting trust for the transaction that will allow KCS shareholders to receive payment after shareholders of both companies approve the deal, but before it receives final approval. A special meeting of KCS shareholders to vote on the merger is scheduled for this Friday, and CP says it expects the deal to close on December 14.

This report from The Canadian Press was first published on December 8, 2021.

The Canadian Press