TORONTO — Some of the most active companies traded Tuesday on the Toronto Stock Exchange:
Toronto Stock Exchange (20,023.73, up 314.58 points):
Enbridge Inc. (TSX:ENB). Energy. Down $1.09, or 2.34 per cent, to $45.56 on 17.7 million shares.
Marathon Gold Corp. (TSX:MOZ). Mining. Up three cents, or 4.23 per cent, to 74 cents on 8.7 million shares.
Canadian Natural Resources Ltd. (TSX:CNQ). Energy. Up 85 cents, or 0.95 per cent, to $90.79 on 6.3 million shares.
Cenovus Energy Inc. (TSX:CVE). Energy. Down 10 cents, or 0.40 per cent, to $24.94 on 5.7 million shares.
Magna International Inc. (TSX:MG). Vehicles. Up $2.94, or 4.06 per cent, to $75.37 on 5.3 million shares.
Suncor Energy Inc. (TSX:SU). Energy. Down 54 cents, or 1.16 per cent, to $45.99 on 5.3 million shares.
Companies in the news:
Sun Life Financial Inc. (TSX:SLF). Finance. Up $2.49, or 3.77 per cent, to $68.54. Sun Life Financial Inc. is increasing its focus on partnerships as it looks to further expand, especially in Asian markets. In the third quarter, Sun Life reported a net income of $871 million, up from $111 million a year earlier thanks in part to favourable market-related impacts from interest rates.
Teck Resources Ltd. (TSX:TECK.B). Mining. Down 16 cents, or 0.32 per cent, to $50.15. The CEO of Teck Resources Ltd. said its decision to sell a majority stake in its steelmaking coal business to Swiss commodities giant Glencore represents the best possible outcome after nearly a year of battling over the future of the Vancouver-based miner. Glencore has agreed to pay US$6.9 billion for a 77-per-cent stake in the coal business, known as Elk Valley Resources. In addition, Japanese company Nippon Steel Corp. will acquire a 20-per-cent stake in exchange for its interest in one of Teck's coal operations and US$1.7 billion in cash, while South Korean steelmaker POSCO will swap its interest in a pair of Teck's coal operations for a three-per-cent stake in the overall steelmaking coal operations. In total, the deals value Teck's steelmaking coal operations at US$9 billion.
CAE Inc. (TSX:CAE). Aerospace and Defence. Down $1.34, or 4.44 per cent, to $28.87. CAE Inc. continued to ride the tailwinds of a resurgence of commercial air travel last quarter, boosting its profits by 31 per cent year over year. CEO Marc Parent said Tuesday that the flight simulator maker's double-digit growth in revenues and net income was driven mainly by strong momentum in civil aviation as well as by higher sales in its other main segment, defence.
This report by The Canadian Press was first published Nov. 14,2023.
The Canadian Press