TORONTO — Some of the most active companies traded Tuesday on the Toronto Stock Exchange:
Toronto Stock Exchange (19,942.71, up 216.26 points.)
Bombardier Inc. (TSX:BBD.B). Industrials. Up 10 cents, or 7.3 per cent, to $1.47 on 8.0 million shares.
Royal Bank of Canada. (TSX:RY). Financials. Up 45 cents, or 0.36 per cent, to $125.99 on 6.9 million shares.
Suncor Energy Inc. (TSX:SU). Energy. Up 46 cents, or 1.81 per cent, to $25.84 on 6.5 million shares.
Crescent Point Energy Corp. (TSX:CPG). Energy. Up 4 cents, or 0.98 per cent, to $4.09 on 5.8 million shares.
Cenovus Energy Inc. (TSX:CVE). Energy. Up 2 cents, or 0.20 per cent, to $9.88 on 5.7 million shares.
Manulife Financial Corp. (TSX:MFC). Financials. Up 19 cents, or 0.81 per cent, to $23.73 on 5.0 million shares.
Companies in the news:
Canadian National Railway Co. (TSX:CNR). Up 54 cents to $129.79. Canadian National Railway Co. is hoping to rebound from last year's challenging second quarter with analysts expecting net profits to double on a 14 per cent boost in revenues. The Montreal-based railway is expected to report after markets close net profits of $1.08 billion, up from $545 million in the pandemic-plagued second quarter of 2020, according to financial data firm Refinitiv. Adjusted profits are forecast to be $1.09 billion or $1.49 per diluted share. CN's adjusted profits a year ago were $908 million or $1.28. That was down from $1.25 billion or $1.73 per share in the second quarter of 2019. Revenues are expected to be $3.66 billion, up from $3.21 billion last year but short of the $3.96 billion in the year prior. The financial results come as the railway is awaiting a ruling from the U.S. Surface Transportation Board on its application for a voting trust for Kansas City Southern while its $33.6-billion takeover bid is analyzed by the regulator.
WestJet (TSX:ONEX). Up $1.90 to $90.84. Onex Corp.-owned WestJet says it is not seeking financial aid from the federal government after months of talks between Ottawa and the airline. It says each party has agreed to shift focus to restarting the travel and tourism sector, given encouraging vaccination rates. WestJet's overall passenger volumes in 2020 were down nearly 90 per cent from the year before, and the airline was forced to reduce its employee head count from 14,000 before the pandemic to a low of 4,000. But the airline has said it expects travel demand to rebound this summer as restrictions ease and COVID-19 case counts fall.
This report by The Canadian Press was first published July 20, 2021.
The Canadian Press
