TORONTO – Some of the most active companies traded Thursday on the Toronto Stock Exchange:
Toronto Stock Exchange (20,416.21, up 224.55 points.)
The Toronto-Dominion Bank. (TSX:TD). Financials. Down eight cents, or 0.09 per cent, to $ 85.42 on 7.1 million shares.
Suncor Energy Inc. (TSX:SU). Energy. Up 88 cents, or 3.25 per cent, to $ 28.00 on 6.9 million shares.
Cenovus Energy Inc. (TSX:CVE). Energy. Up 38 cents, or 2.86 per cent, to $ 13.69 on 6.4 million shares.
Bombardier Inc. (TSX:BBD.B). Industrials. Up six cents, or three per cent, to $ 2.08 on 6.4 million shares.
Crescent Point Energy Corp. (TSX:CPG). Energy. Up 18 cents, or 2.94 per cent, to $ 6.30 on six million shares.
Baytex Energy Corp. (TSX:BTE). Energy. Up 10 cents, or 2.74 per cent, to $ 3.75 on 4.9 million shares.
Companies in the news:
TC Energy Inc. (TSX:TRP). Up 46 cents to $ 61.66. TC Energy has signed an agreement with electric vehicle manufacturer Nikola to jointly develop large-scale hydrogen production facilities in the U.S. and Canada. The two companies say they plan to produce 150 tonnes or more of hydrogen per day within the next five years. The hydrogen hubs will be located near major trucking corridors to help U.S.-based Nikola fuel its heavy-duty fuel cell electric vehicles. Calgary-based TC Energy says its existing pipeline assets could be used to transport the hydrogen. It says its pipelines could deliver CO2 to sequestration facilities to decarbonize the hydrogen production process. Nikola president Pablo Koziner says the companies want to produce enough cost-efficient hydrogen to support widespread customer adoption of fuel cell electric vehicles. The companies did not disclose an investment figure for the proposed project.
Richelieu Hardware Ltd. (TSX:RCH). Up $ 2.88 or seven per cent to $ 44.24. Richelieu Hardware Ltd. says its third-quarter profit rose nearly 40 per cent compared with a year ago as sales also climbed higher. The maker of specialty hardware and other products says profit attributable to shareholders was $ 38.7 million or 69 cents per diluted share for the quarter ended Aug. 31. The result compared with a profit of $ 28.7 million or 50 cents per diluted share in the same quarter a year earlier. Sales for the quarter totalled $ 373.3 million, up from $ 311.2 million a year ago. Richelieu says sales in the manufacturers market totalled $ 318.8 million compared with $ 244.6 million a year ago, while sales to hardware retailers and renovation superstores were $ 54.5 million, down $ 12.1 million from a year ago. The company says it has closed five acquisitions in North America since the start of the year and opened two distribution centres in the United States.
Tilray Inc. (TSX:TLRY). Up 20 cents or 1.5 per cent to $ 13.80. Tilray Inc. said it is on track to save at least US$ 80 million from its merger with Aphria Inc. as it reported a first-quarter loss of US$ 34.6 million and a revenue increase of 43 per cent compared with a year ago. Chief executive Irwin Simon said Thursday its earnings would have been better if the company had already applied some of Aphria’s processes. Simon has been in search of synergies between his Leamington, Ont., cannabis company and Aphria since their merger closed in May and he took the helm of the joint business. The company, which keeps its books in U.S. dollars, said the net loss amounted to eight cents per share for the quarter ended Aug. 31, compared with a loss of US$ 21.7 million or nine cents per share a year earlier, when it had fewer shares outstanding. Net revenue for what was the first quarter of the company’s financial year totalled US$ 168.0 million, up from US$ 117.5 million a year ago
This report by The Canadian Press was first published Oct. 7, 2021.