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TORONTO – Some of the most active companies traded on the Toronto Stock Exchange on Thursday:
Toronto Stock Exchange (20,925.49, down 151.86 points.)
Canadian Natural Resources (TSX:CNQ). Energy. Down $1.66, or three percent, to $52.82 on 16.6 million shares.
Kinross Gold Corp. (TSX:K). materials. Down 76 cents, or 10.2 percent, to $6.69 on 14.9 million shares.
BCE Inc. (TSX:BCE). Telecommunications. Down 18 cents, or 0.3 percent, to $65.51 on 12.2 million shares.
Enbridge Inc. (TSX:ENB). Energy. 61 cents, or 1.3 percent, fell to $48.04 on 10.5 million shares.
Suncor Energy Inc. (TSX:SU). Energy. Down 21 cents or 0.7 percent to $31.12 on 7.5 million shares.
Cenovus Energy Inc. (TSX:CVE). Energy. Down 45 cents, or 2.8 percent, to $15.64 on five million shares.
Companies in the news:
empire co. Ltd. (TSX:EMP.A). $1.08 or 2.9 percent up to $37.75. One of Canada’s largest food retailers says the pandemic has a lasting impact on food consumption as consumers continue to spend more in supermarkets and cook at home rather than return to restaurants. Michael Medline, president and CEO of Empire Co. Ltd. and its subsidiary Sobeys Inc., said the shift appears to be permanent. One of the most notable changes in grocery shopping behavior is an ever-expanding shopping cart, indicating that consumers are buying more food at each store. Empire, which owns multiple food retailers including Sobeys, Safeway, IGA, Foodland and FreshCo, earned $175.4 million in its last quarter, up from $161.4 million in the year-ago quarter, helped by a revenue increase of almost five percent. Revenue in what was the company’s second quarter was $7.32 billion, up $6.98 billion. However, Empire noted that its sales are affected by inflation fluctuations, with higher prices shaping the products shoppers buy.
Transat AT (TSX:TRZ). Up a cent to $4.53. Transat AT lost more than $1 million a day in the quarter as it began ramping up operations, but says the company is growing steadily despite an ongoing pandemic. The three-month period ended October 31 marked Transat’s eighth straight quarter of losses as the travel company struggled to recover from the COVID-19 crisis, which has hampered the global airline industry amid travel restrictions and lockdowns. Chief executive Annick Guérard said winter will “see the continuation of our return to higher volumes” but remains “cautious” amid evolving coronavirus variants. The impact of the Omicron strain of COVID-19 “will not last long,” she said, noting that bookings have increased in recent days as preliminary data suggests it may not be as severe as initially feared. Net loss attributable to shareholders was halved in Transat’s fourth quarter, totaling $121.3 million or $3.21 per diluted share, compared to a loss of $238.1 million or $6.31 per diluted share. share a year ago. Quarterly revenue more than doubled to $62.8 million, from $28.4 million in the same period last year.
Transcontinental Inc. (TSX:TCL.A). 62 cents or 3.2 percent up to $19.93. Transcontinental Inc. closed its fiscal year with a 23.6 percent drop in profits in the fourth quarter, although higher resin costs passed on to customers and an extra work week helped boost revenues. The Montreal-based packaging and printing company says its net income attributable to shareholders was $39.2 million, or 45 cents per diluted share, for the quarter ended Oct. 31, versus earnings of $51.3 million, or 59 cents per year. diluted share a year earlier. Revenue for the quarter was $775.8 million, up 18.3 percent from $655.7 million a year ago. On an adjusted basis, the company said it made $70.6 million, or 81 cents per share, in the last quarter, against adjusted earnings of $72.4 million or 84 cents per share in the fourth quarter of 2020. Analysts had expected on average that Transcontinental would report adjusted earnings of 73 cents a share on revenue of $705.4 million, according to financial data firm Refinitiv. For the full year, the company earned $130.6 million or $1.50 per diluted share on $2.64 billion in revenue, compared to earnings of $131.7 million or $1.51 per diluted share on $2 .57 billion in revenue in the previous fiscal year.
This report from The Canadian Press was first published on December 9, 2021.
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