TORONTO — Some of the most active companies traded Thursday on the Toronto Stock Exchange:
Toronto Stock Exchange (18,041.97, up 126.06 points.)
The Supreme Cannabis Co. Inc. (TSX:FIRE). Health care. Up 5.25 cents, or 22.34 per cent, to 28.75 cents on 28.5 million shares.
Enbridge Inc. (TSX:ENB). Energy. Up 62 cents, or 1.39 per cent, to $45.28 on 22.6 million shares.
Suncor Energy Inc. (TSX:SU). Energy. Down 27 cents, or 1.21 per cent, to $21.97 on 21 million shares.
Athabasca Oil Corp. (TSX:ATH). Energy. Up seven cents, or 23.73 per cent, to 36.5 cents on 9.6 million shares.
BlackBerry Ltd. (TSX:BB). Technology. Up 29 cents, or 1.89 per cent, to $15.60 on 6.8 million shares.
MEG Energy Corp. (TSX:MEG). Energy. Up 25 cents, or 4.83 per cent, to $5.43 on 6.4 million shares.
Companies in the news:
Canada Goose Holdings Inc. (TSX:GOOS). Up $10.05, or 22.4 per cent, to $54.95. Canada Goose beat expectations in its biggest quarter of the year, returning the luxury parka maker to growth for the first time since the onset of the pandemic. Increasing online sales, store expansions in China and expanding product diversification pushed the company's third-quarter revenues to $474 million, up from $452.1 million a year earlier with a profit of $107 million. Highlights for the three-month period ended Dec. 27 included a jump in e-commerce revenue of almost 40 per cent while seven of the company's 28 retail stores – a quarter of its network – remained shuttered.
Saputo Inc. (TSX:SAP). Up $1.42, or 4.2 per cent, to $35.26. Saputo Inc. reported an uptick in its third-quarter profit on Thursday as strong retail sales at grocery stores outweighed weak demand from restaurants, cafeterias and other food service costumers. The Montreal-based dairy processor and cheese manufacturer said its profit climbed 6.1 per cent to $209.8 million, up from $197.8 million in the same quarter a year earlier, even as its revenue edged lower. The global dairy giant is also expanding its foray into non-dairy cheese and dairy alternative products. Non-dairy cheese has relatively few players, said president and chief operating officer Kai Bockmann, and Saputo is "uniquely positioned" in the global marketplace to dominate the field through its product innovation and brand strength.
Suncor Energy Inc. — The CEO of Suncor Energy Inc. says it will not increase capital spending this year despite higher oil prices, instead vowing to spend any increases in free cash flow on debt repayment and share buybacks. The Calgary-based oilsands and refining giant won't backtrack after chopping operating costs by $1.3 billion or 12 per cent in 2020 versus 2019 and reducing capital spending by $1.9 billion or 33 per cent compared to the original guidance midpoint, Mark Little said on a conference call on Thursday. Suncor, however, says it has restarted construction of two carbon emission-reducing projects paused last March as the COVID-19 pandemic erupted — a $1.4-billion project to install two cogeneration units at its oilsands Base Plant and a new $300-million wind power plant in southern Alberta.
Resolute Forest Products Inc. (TSX:RFP). Down $1.03, or nine per cent, to $10.36. Shares in Resolute Forest Products Inc. fell on Thursday after it reported a net loss of US$52 million in the fourth quarter compared with a loss of US$71 million in the same period a year earlier. The company's quarterly conference call to discuss results was the last for CEO Yves Laflamme, who is retiring as of March 1 after 39 years with the company and being replaced by Remi Lalonde, Resolute’s chief financial officer. Lalonde said the company, which produces market pulp, tissue, wood products and various kinds of paper, will look at managing its assets to bolster earnings as paper prices erode, possibly looking at bolt-on purchases or extensions of its lumber division as well as more U.S. growth.
This report by The Canadian Press was first published Feb. 4, 2021.
The Canadian Press
