TORONTO — Some of the most active companies traded Thursday on the Toronto Stock Exchange:
Toronto Stock Exchange (19,991.88, up 105.94 points.)
Suncor Energy Inc. (TSX:SU). Energy. Up $1.28, or 3.25 per cent, to $40.67 on 13.3 million shares.
Enbridge Inc. (TSX:ENB). Up 52 cents, or 0.93 per cent, to $56.56 on 13 million shares.
Manulife Financial Corp. (TSX:MFC). Financials. Down 30 cents, or 1.24 per cent, to $23.89 on 12.1 million shares.
Barrick Gold Corp. (TSX:ABX). Materials. Down 15 cents, or 0.71 per cent, to $20.95 on 9.5 million shares.
Athabasca Oil Corp. (TSX:ATH). Energy. Up 16 cents, or 7.27 per cent, to $2.36 on nine million shares.
Cenovus Energy Inc. (TSX:CVE). Energy. Up $1.59, or 7.19 per cent, to $23.70 on 7.8 million shares.
Companies in the news:
BRP Inc. (TSX:BRP). Down 71 cents, or 0.71 per cent, to $99.91. Work at BRP Inc. factories will likely stay at a standstill until next week after a cyberattack that the Sea-Doo maker reported Monday. Operations had not resumed more than 48 hours after they were halted as a cautionary measure, spokeswoman Biliana Necheva said in an email earlier in the day. The Quebec-based company, which also manufactures Ski-Doos and off-road vehicles, announced Monday morning it was the target of "malicious cybersecurity activity" and took "immediate measures to contain the situation." Deploying its own information technology staff, BRP also said it hired cybersecurity experts to help secure its systems and support an internal investigation.
Cineplex Inc. (TSX:CGX). Down 17 cents or 1.47 per cent to $11.38. While moviegoers flocked to testosterone epics "Top Gun: Maverick" and the latest "Doctor Strange" over the summer, the head of Cineplex Inc. says he's certain the romantic comedy is due for a comeback on the big screen. Ellis Jacob, chief executive of Canada's largest film exhibitor, said he predicts a rosier outlook for biopics, Oscar-worthy dramas and word-of-mouth comedies — all genres that are mid-tier budget movies. That's despite unprecedented challenges from deep-pocketed streaming giants pumping out exactly those sorts of films for TV viewing. Jacob referred to the popularity of Baz Luhrmann's "Elvis" as a sign of what he hopes is coming. The film's budget was around $85 million, relatively conservative by today's Hollywood standards for a big release, and it drew older viewers who have proven reluctant to venture out in recent months.
Canadian Tire Corp. Ltd. (TSX:CTC.A). Down $7.90, or 4.6 per cent, to $163.75. Canadian Tire Corp. Ltd. is facing higher-than-usual inventory levels after a late start to warm weather sales combined with early shipments of fall and winter products. The company had an additional $465.6 million in merchandise inventories at the end of its most recent quarter, an increase of about 18 per cent compared with the same period last year, due to higher in-transit inventory and more spring and summer goods on hand. The situation raises concerns that the retail giant could experience similar excess inventory issues and markdowns U.S. retailers have warned about.
This report by The Canadian Press was first published Aug. 11, 2022.
The Canadian Press