TORONTO — Some of the most active companies traded on the Toronto Stock Exchange on Tuesday:
Toronto Stock Exchange (21,319.92, up 221.63 points.)
Enbridge Inc. (TSX:ENB). Energy. Up 25 cents, or 0.5%, to $53.99 on 15.5 million shares.
Cenovus Energy Inc. (TSX: CVE). Energy. Up 72 cents, or 3.9%, to $19.21 on 10.2 million shares.
Suncor Energy Inc. (TSX: SU). Energy. Up $1.61, or 4.4%, to $37.93 on 7.6 million shares.
Bombardier Inc. (TSX:BBD.B). Industrialists. Up seven cents, or 4.1%, to $1.76 on 7.1 million shares.
Athabasca Oil Corp. (TSX:ATH). Energy. Up eight cents, or 6.7%, to $1.28 on 7 million shares.
Baytex Energy Corp. (TSX: BTE). Energy. Up 22 cents, or 4.7%, to $4.94 on 6.7 million shares.
Companies in the news:
Spin Master Corp. (TSX: TOY). Up $5.53 or 12.7% to $49.23. Toy maker Spin Master Corp. says its revenue was up 26.5% from a year ago, driven by growth in revenue from toys, entertainment, licensing and digital games. The Toronto-based company says its preliminary unaudited revenue for the three months ended Dec. 31 was US$620.5 million, compared to US$490.6 million in the fourth quarter of 2020. Spin Master, which states in US dollars, says its fourth-quarter gross product sales were US$627.5 million, down from US$511.8 million. Spin Master President and Global CEO Max Rangel says the results show the strength of the company’s three creative hubs including toys, entertainment and digital games. He says the toymaker’s team deftly navigated a complex supply chain environment in the fourth quarter to deliver products through the holiday season in a timely manner. The Canadian manufacturer of children’s toys and entertainment is behind the popular animated television series Paw Patrol and the digital game Toca Life World.
Imperial Oil Ltd. (TSX:IMO). Up $2.79 or 5.4% to $54.80. Imperial Oil Ltd. increases its quarterly dividend after higher crude oil prices helped double revenues and a sharp increase in profits in the fourth quarter. The Calgary-based oil company increases its quarterly dividend on April 1 by 26% to 34 cents per share, from 27 cents per share. The company posted net income of $813 million or $1.18 per diluted share for the quarter ended Dec. 31. That compares to a net loss of $1.15 billion or $1.56 per share in the same period of 2020, when it took a $1.17 billion write-down related to Canadian gas assets. unconventional natural. Excluding the charge, Imperial earned $25 million in the fourth quarter of 2020. In total, Imperial’s 2021 shareholder return of nearly $3 billion from dividend payouts and buyouts shares set an all-time high for the long-established oil company. Imperial said its total and other revenue for the quarter was $12.3 billion, down from $6.03 billion, with the average bitumen price at $65.53 a barrel, against 34.19 dollars per barrel a year earlier. Revenue beat analysts’ expectations of $11.3 billion, but net income of $813 million fell short of forecasts of $1.02 billion, according to financial data firm Refinitiv.
TD Bank. (TSX: TD). Up $1.69 or 1.7% at $103.50. TD Bank says it is making policy changes to its US operations to reduce the amount customers pay in overdraft fees amid growing regulatory pressure on fees. The bank says customers will be able to overdraw their account up to $50 before incurring overdraft fees, and for those with a higher overdraft, the bank will give them 24 hours to bring their account online without charging a fee. costs. It will also alert customers when their account balance is low. The changes come after criticism in December from the Consumer Financial Protection Bureau of US banks’ reliance on overdrafts and insufficient funds fees, noting that banks withdrew US$15.5 billion in fees in 2019 Many US banks have already announced changes around the fee, which typically costs around $34 per overdraft, or remove it entirely. TD also made several changes to its U.S. overdraft policies last year, including increasing the threshold for charging overdraft fees, lowering the maximum number of overdraft fees per day, and creating an account without discovered.
Rogers Communications Inc. (TSX: RCI.B). Up four cents at $64.51. Rogers Communications Inc. has appointed a new chief financial officer as part of an ongoing senior management shakeup. The Toronto-based company announced that it has appointed Rogers veteran Glenn Brandt to the role. Rogers says Brandt’s promotion comes after three decades with Rogers. Most recently, he served as Senior Vice President of Corporate Finance. In January, Rogers named Tony Staffieri permanent president and CEO. Staffieri had served as interim CEO since Nov. 16, when Rogers said its board launched an executive search. The former chief financial officer replaced Joe Natale, who left the company in November following a family feud between chairman Edward Rogers and his mother and two sisters, also board members.
This report from The Canadian Press was first published on February 1, 2022.
The Canadian Press