TORONTO — Some of the most active companies traded Friday on the Toronto Stock Exchange:
Toronto Stock Exchange (20,612.12, up 14.37):
Enbridge Inc. (TSX:ENB). Energy. Up $1.25, or 2.36 per cent, to $54.15 on 14.3 million shares.
Suncor Energy Inc. (TSX:SU). Energy. Up $1.25, or 2.81 per cent, to $45.71 on 11.3 million shares.
Auxly Cannabis Group Inc. (TSX:XLY). Health care. Down two cents, or 50 per cent, to two cents on 10.3 million shares.
Manulife Financial Corp. (TSX:MFC). Financials. Down four cents, or 0.15 per cent, to $26.09 on 9.6 million shares.
Tamarack Valley Energy Ltd. (TSX:TVE). Energy. Down two cents, or 0.43 per cent, to $4.65 on 7.5 million shares.
Athabasca Oil Corp. (TSX:ATH). Energy. Up 10 cents, or 3.47 per cent, to $2.98 on 7.2 million shares.
Companies in the news:
Enbridge Inc. — Enbridge Inc. reported a loss of $1.1 billion in its latest quarter as it took a $2.5-billion non-cash goodwill impairment charge related to its gas transmission business as a result of what it said was the increased cost of capital. The pipeline company said the loss amounted to 53 cents per share for the quarter ended Dec. 31 compared with a profit of $1.8 billion or 91 cents per share in the last three months of 2021. The company said the drop in adjusted earnings was primarily due to higher financing costs from rising interest rates on floating-rate debt and increased depreciation costs on new assets placed into service in the fourth quarter of 2021.
Saputo Inc. (TSX:SAP). Up $1.88, or 5.33 per cent, to $37.17. Canadian dairy processor Saputo Inc. more than doubled its profit in its latest quarter amid higher prices, improved productivity and strong sales, company executives said Friday. "Consumer demand for our products in the third quarter was strong despite increasing prices," Saputo CEO Lino A. Saputo said during a call with analysts. Saputo's net earnings for its third quarter ended Dec. 31 hit $179 million, more than double the $86 million posted a year earlier.
This report by The Canadian Press was first published Feb. 10, 2023.
The Canadian Press
