TORONTO — Some of the most active companies traded Wednesday on the Toronto Stock Exchange:
Toronto Stock Exchange (18,320.67, down 100.93 points.)
Suncor Energy Inc. (TSX:SU). Energy. Up 14 cents, or 0.54 per cent, to $26.25 on 17 million shares.
Canadian Natural Resources (TSX:CNQ). Up $1.45, or 4.01 per cent, to $37.65 on 11.7 million shares.
BCE Inc. (TSX:BCE). Telecommunications. Up nine cents, or 0.16 per cent, to $55.57 on 8.2 million shares.
The Supreme Cannabis Co. Inc. (TSX:FIRE). Health care. Down one cent, or 3.45 per cent, to 28 cents on eight million shares.
Manulife Financial Corp. (TSX:MFC). Financials. Up 12 cents, or 0.46 per cent, to $26.10 on 7.7 million shares.
Kinross Gold Corp. (TSX:K). Materials. Down six cents, or 0.74 per cent, to $8.07 on 7.3 million shares.
Companies in the news:
TransAlta Corp. (TSX:TA). Down 65 cents, or 5.8 per cent, to $10.58. Power generator TransAlta Corp. says it has set a goal to be carbon neutral by 2050 and to cut greenhouse gas emissions to 60 per cent below 2015 levels by 2030. The 2050 target means the company will fully offset all carbon dioxide released from its activities with avoided emissions or by capturing emissions, said chief operating officer John Kousinioris on a conference call to discuss the company’s fourth-quarter results on Wednesday. Kousinioris, who is to take over as CEO at the end of March from retiring CEO Dawn Farrell, added achieving the 2050 goal will not require game-changing new technologies. The Calgary-based utility is in the process of retiring its Edmonton-area thermal coal mining operations and converting all of its coal power generation in Canada to natural gas by the end of 2021, while eliminating its last coal generation unit at a facility in Washington state by the end of 2025.
Laurentian Bank (TSX:LB). Up $3.62, or 9.9 per cent, to $40.15. Laurentian Bank Financial Group’s chief executive says the company will double down on its residential mortgage business as part of a deep review of the bank’s business. Rania Llewellyn said on Tuesday the bank will try to simplify the customer and broker experience around mortgages going forward. The bank’s announcement came after the Quebec Professional Association of Real Estate Brokers said on Tuesday that residential sales in metropolitan Montreal fell in February for the first time in six years. The bank said it has acquired some residential mortgage loans from third parties, and has also seen growth in commercial real estate lending. Laurentian Bank beat expectations as it reported its first-quarter profit rose compared with a year ago. The bank earned $44.8 million or 96 cents per diluted share for the quarter ended Jan. 31, up from a profit of $32.2 million or 68 cents per diluted share a year ago.
This report by The Canadian Press was first published March 3, 2021.
The Canadian Press