TORONTO — Some of the most active companies traded Thursday on the Toronto Stock Exchange:
Toronto Stock Exchange (20,520.60, down 58.27 points.)
Enbridge Inc. (TSX:ENB). Energy. Down $1.26, or 2.5 per cent, to $49.07 on 14.8 million shares.
Manulife Financial Corp. (TSX:MFC). Financials. Up 10 cents, or 0.39 per cent, to $25.60 on 11 million shares.
Suncor Energy Inc. (TSX:SU). Energy. Up 26 cents, or 1.05 per cent, to $24.44 on 5.8 million shares.
DIRTT Environment Solutions Ltd. (TSX:DRT). Industrials. Down 12 cents or 2.34 per cent, to $5 on 5.3 million shares.
Kinross Gold Corp. (TSX:K). Materials. Down 12 cents or 1.59 per cent, to $7.41 on 5.1 million shares.
Bombardier Inc. (TSX:BBD.B) Industrials. Down two cents or 1.19 per cent, to 1.66 on 4.8 million shares.
Companies in the news:
Cineplex Inc. (TSX:CGX). Up 80 cents, or 6.53 per cent, to $13.06. Projectors began lighting up the big screens at many Cineplex Inc. movie theatres over the spring, but Canada's biggest cinema chain still faced another quarter of deep losses. The impact of theatre closures from the COVID-19 pandemic and moviegoers still cautious to return to multiplexes continued to wreak havoc on the company's financial results in the second quarter as it lost $103.7 million. Cineplex also introduced a ticket price increase across the country, which chief executive Ellis Jacob told The Canadian Press was "about three per cent, on average." That would amount to nearly 50 cents extra for a regular ticket at one of the Toronto locations, though Jacob points out the price could be less substantial in other parts of the country. It could also be more for premium tickets, such as Imax or VIP theatre screenings. The decision was made to "kind of offset operating costs — all of the costs have gone up," Jacob said of operating in the pandemic.
Canadian Tire Corp. (TSX:CTC.A). Up 8 cents or 0.04 per cent, to $202.01. In a pandemic world where inventory is king, Canadian Tire Corp. hopes to secure its spot as one of Canada's reigning retailers by strengthening its supply chain.The company, which beat analysts' expectations with its latest quarterly results on Thursday, said it purchased a 25 per cent stake in a B.C. inland port facility. The $40-million deal with Ashcroft Terminal Ltd., about 300 kilometres east of Vancouver with direct access to CP and CN rail mainlines, bolsters Canadian Tire's long-term supply chain capabilities, said president and CEO Greg Hicks. His comments came as the company posted a second quarter revenue of $3.92 billion, up more than 20 per cent from $3.16 billion a year ago, while profit attributable to shareholders climbed to $223.6 million, or $3.64 per diluted share, compared with a loss of $20 million or 33 cents per share in 2020.
Analysts on average had expected $3.85 billion in revenue and an adjusted profit of $2.88 per share, according to financial market data firm Refinitiv.
This report by The Canadian Press was first published Month Date, 20XX.
The Canadian Press
