TORONTO — Some of the most active companies traded Thursday on the Toronto Stock Exchange:
Toronto Stock Exchange (19,672.25, up 100.01):
Suncor Energy Inc. (TSX:SU). Energy. Up 51 cents, or 1.34 per cent, to $38.54 on 11.7 million shares.
Enbridge Inc. (TSX:ENB). Energy. Up 92 cents, or 1.93 per cent, to $48.71 on 8.1 million shares.
Manulife Financial Corp. (TSX:MFC). Finance. Up 10 cents, or 0.40 per cent, to $25.25 on 6.3 million shares.
Royal Bank of Canada. (TSX:RY). Finance. Up 16 cents, or 0.13 per cent, to $121.59 on 4.6 million shares.
Toronto-Dominion Bank. (TSX:TD). Up 44 cents, or 0.57 per cent, to $77.28 on 3.7 million shares.
TC Energy Corp. (TSX:TRP). Energy. Up 88 cents, or 1.67 per cent, to $53.72 on 3.7 million shares.
Companies in the news:
BRP Inc. (TSX:DOO). Vehicles. Down $1.38, or 1.43 per cent, to $95.13. BRP Inc. saw strong Sea-Doo and off-road vehicle sales drive up total profits by 28 per cent year-over-year in its latest quarter, beating expectations. The Ski-Doo maker ramped up revenues by more than a third to $2.43 billion in the three months ended April 30 compared with a year earlier. On a call with analysts Thursday, BRP chief executive José Boisjoli said the company outpaced the North American powersports industry thanks to consumer demand that was dented but not broken by inflation and higher interest rates.
Air Canada. (TSX:AC). Transportation. Up 28 cents, or 1.31 per cent, to $21.71. Air Canada said its communicator system has begun to stabilize after experiencing technical problems on Thursday morning, but travellers are still expected to face delays and cancellations before it is back fully up and running. The Montreal-based airline advised travellers to check the status of their flights online amid delays caused by an IT issue for the second time in a week. A total of 227 Air Canada flights, or 43 per cent of the airline's scheduled load, have been delayed Thursday, along with 34 cancellations, according to tracking service FlightAware.com.
Precision Drilling Corp. (TSX:PD). Energy. Up $1.62, or 2.83 per cent, to $58.78. Precision Drilling Corp. said the wildfires in Alberta and B.C. have had a modest impact on its operations and it expects second-quarter drilling activity to average about 42 rigs in the region, an increase of 14 per cent compared with a year earlier. Wildfires in Alberta and B.C. have forced oil and gas companies to shut in production due to the dangers facing their operations caused by the hot and dry conditions. Precision said it has 46 rigs active in Canada right now, but expects to have more than 60 active rigs by the end of the month as it emerges from the lows of the spring breakup season.
This report by The Canadian Press was first published June 1,2023.
The Canadian Press