TORONTO — Some of the most active companies traded Tuesday on the Toronto Stock Exchange:
Toronto Stock Exchange (18,421.60, up 121.98 points.)
Suncor Energy Inc. (TSX:SU). Energy. Up 52 cents, or 2.03 per cent, to $26.11 on 26.6 million shares.
Enbridge Inc. (TSX:ENB). Energy. Up 29 cents, or 0.66 per cent, to $44.25 on 11.4 million shares.
Barrick Gold Corp. (TSX:ABX). Materials. Up $1.05, or 4.37 per cent, to $25.08 on 11.1 million shares.
Zenabis Global Inc. (TSX:ZENA). Health care. Down half a cent, or 3.85 per cent, to 12.5 cents on 10 million shares.
Manulife Financial Corp. (TSX:MFC). Financials. Down three cents, or 0.12 per cent, to $25.98 on 9.8 million shares.
MediPharm Labs Corp. (TSX:LABS). Health care. Down 13 cents, or 19.12 per cent, to 55 cents on 9.6 million shares.
Companies in the news:
Spin Master Corp. (TSX:TOY). Up $6.95, or 23.9 per cent, to $36.01. Spin Master Corp. recorded meteoric growth in its digital games business in the latest quarter as users of its Toca Life World app filmed themselves playing the game and shared the videos on social media. The Canadian toymaker’s digital games revenue increased by more than 400 per cent to $31.8 million in its fourth quarter, driven by the Toca Life World platform. While it’s free to download the app, Spin Master makes money through the in-game purchases and upgrades. The Toronto-based company said revenue for the quarter was US$490.6 million, up from US$473.5 million in the fourth quarter of 2019.
Canopy Growth Corp. (TSX:WEED). Up 56 cents, or 1.3 per cent, to $44.47. Canopy Growth Corp. will deepen its U.S. presence by launching four sparkling cannabidiol waters there before possible federal legalization. The Smiths Falls, Ont.-based cannabis company said four drinks from its Quatreau brand will be available online to U.S. customers Tuesday. They will contain 20 milligrams of CBD; come in ginger and lime, cucumber and mint, blueberry and açaí, and passion fruit and guava flavours; and be Canopy’s first CBD drinks to cross the border. The beverages, which have been available in Canada since last fall, will join Martha Stewart, BioSteel and This Works CBD products Canopy already sells in the U.S. as part of an expansion strategy. Industry observers believe those U.S. opportunities will multiply this year because U.S. President Joe Biden and his Democratic party have favoured legislation to relax cannabis laws.
George Weston Ltd. (TSX:WN). Up $1.97, or 2.1 per cent, to $96.59. George Weston Ltd. reported its fourth-quarter profit fell compared with a year ago as it was hit by one-time charges. The company, which operates through Loblaw, Choice Properties and Weston Foods, says it earned a profit available to common shareholders of $289 million or $1.88 per diluted share for the quarter ended Dec. 31. The result was down from a profit of $433 million or $2.81 per diluted share a year earlier. However, on an adjusted basis, George Weston says it earned $2.03 per diluted share, up from an adjusted profit of $1.69 per diluted share in the fourth quarter of 2019. Revenue was $13.81 billion, up from $12.11 billion a year earlier when George Weston’s fourth quarter only had 12 weeks.
This report by The Canadian Press was first published March 2, 2021.
The Canadian Press