TORONTO — Some of the most active companies traded Tuesday on the Toronto Stock Exchange:
Toronto Stock Exchange (17,985.80, up 51.35 points.)
Toronto-Dominion Bank. (TSX:TD). Financials. Up 60 cents, or 0.81 per cent, to $74.80 on 14.6 million shares.
Enbridge Inc. (TSX:ENB). Energy. Up 49 cents, or 1.15 per cent, to $42.96 on 11.7 million shares.
Suncor Energy Inc. (TSX:SU). Energy. Up 57 cents, or 2.44 per cent, to $23.97 on 8.9 million shares.
Manulife Financial Corp. (TSX:MFC). Financials. Up 17 cents, or 0.71 per cent, to $24.13 on 8.8 million shares.
Score Media and Gaming Inc. (TSX:SCR). Telecommunications. Down 18 cents, or 7.86 per cent, to $2.11 on 8.2 million shares.
Zenabis Global Inc. (TSX:ZENA). Health care. Unchanged at 7.5 cents on 8.2 million shares.
Companies in the news:
Corus Entertainment Inc. (TSX:CJR.B). Up 15 cents or 3.3 per cent to $4.75. Corus Entertainment Inc. expects to post a recovery later in 2021 after beating analyst expectations in the first quarter despite lower profits and revenues. The media company said it earned $76.7 million in net income attributable to shareholders or 37 cents per diluted share for the quarter ended Nov. 30. The result compared with a profit of $78.1 million or 37 cents per diluted share in the same quarter a year earlier. Revenue for the three-month period totalled $420.4 million, down 10 per cent from $467.9 million. But that was ahead of company forecasts and the fourth quarter, said chief financial officer John Gossling.
Kirkland Lake Gold Ltd. (TSX:KL). Up 29 cents to $52.14. Kirkland Lake Gold Ltd. is reporting full-year 2020 gold output of 1.37 million ounces, a 41 per cent increase from 2019 and in line with guidance. The increase in production was driven largely by the all-stock $4.34-billion purchase of Detour Gold Corp. early in the year, which contributed 517,000 ounces from Jan. 31 to Dec. 31. But the Toronto-based miner says all three of its "cornerstone assets" finished strongly, achieving their highest quarterly production levels of 2020 in the fourth quarter. It says consolidated production in the last three months of 2020 was 369,000 ounces, up 32 per cent from the year-earlier period and nine per cent higher than the third quarter.
Enbridge Inc. (TSX:ENB). Up 49 cents or 1.2 per cent to $42.96. Michigan's demand that Enbridge Inc. shut down an oil pipeline that runs through a channel linking two of the Great Lakes is based on bad information and political posturing and will be ignored, the Calgary-based company said Tuesday. Democratic Gov. Gretchen Whitmer in November moved to revoke a 1953 state easement that allowed part of the Canadian company's Line 5 to be placed along the bottom of the Straits of Mackinac, charging that Enbridge had repeatedly violated the terms and put the lakes at risk. Whitmer gave the company 180 days — until May 12 — to turn off the flow. Enbridge filed a federal lawsuit challenging the order shortly after it was issued. In a point-by-point-response to the state's termination notice, Vern Yu, president for liquids pipelines, said in a letter Tuesday Enbridge won't close Line 5.
Lightspeed POS Inc. (TSX:LSPD). Up $2.20 or 2.6 per cent, to $88.04. Lightspeed POS Inc. is expanding its business to include suppliers, as the Canadian technology company jockeys to compete with dominant retailers like Amazon. Montreal-based Lightspeed, which makes cloud software for retailers and restaurants to manage their cash registers and checkout systems, launched a new arm of its business on Tuesday to help retailers restock their inventory. The system, called Lightspeed Supplier Network, is launching for bike stores, pet stores, jewelry stores and outdoor sporting good retailers in North America.
This report by The Canadian Press was first published Jan. 12, 2021.
The Canadian Press