TORONTO – Some of the most active companies traded Tuesday on the Toronto Stock Exchange:
Toronto Stock Exchange (20,547.76, up 70.50 points.)
Kinross Gold Corp. (TSX:K). Materials. Down one cent, or 0.13 per cent, to $ 7.51 on 6.9 million shares.
Inter Pipeline Ltd. (TSX:IPL). Energy. Up two cents, or 0.1 per cent, to $ 20.08 on 6.8 million shares.
Bombardier Inc. (TSX:BBD.B) Industrials. Up six cents, or 3.64 per cent, to $ 1.71 on six million shares.
Suncor Energy Inc. (TSX:SU). Energy. Up 39 cents, or 1.68 per cent, to $ 23.55 on 5.4 million shares.
BlackBerry Ltd. (TSX:BB). Technology. Up $ 1.15, or 8.95 per cent, to $ 14 on 4.9 per cent.
Cenovus Energy Inc. (TSX:CVE). Energy. Up 41 cents, or 4.08 per cent, to $ 10.45 on 4.4 million shares.
Companies in the news:
BMO Financial Group. (TSX:BMO). Up $ 2.15 or 1.67 per cent to $ 130.87. BMO Financial Group topped expectations as it reported a third-quarter profit of nearly $ 2.28 billion, up from a profit of $ 1.23 billion a year ago. The bank says it earned $ 3.41 per diluted share for the quarter that ended July 31, up from $ 1.81 per diluted share in the same quarter last year. Revenue totalled $ 7.56 billion, up from $ 7.19 billion. The result came as BMO posted a recovery of credit losses of $ 70 million for the quarter, compared with a provision for credit losses of $ 1.05 billion a year ago. On an adjusted basis, BMO says it earned $ 3.44 per diluted share in its latest quarter, up from an adjusted profit of $ 1.85 per diluted share in the same quarter last year. Analysts on average had expected an adjusted profit of $ 2.94 per share, according to financial market data firm Refinitiv.
Bank of Nova Scotia. (TSX:BNS). Down 63 cents or 0.79 per cent to $ 79.60. Scotiabank beat expectations as it reported a third-quarter profit of $ 2.54 billion, up from $ 1.30 billion in the same quarter last year. The bank says the profit amounted to $ 1.99 per diluted share for the quarter ended July 31, up from $ 1.04 per diluted share a year ago. Revenue totalled $ 7.76 billion, up from $ 7.73 billion in the same quarter last year. Provisions for credit losses fell to $ 380 million in what was the bank’s third quarter compared with $ 2.18 billion a year ago and $ 496 million in the second quarter. On an adjusted basis, Scotiabank says it earned $ 2.01 per diluted share, up from an adjusted profit of $ 1.04 per diluted share in the same quarter last year.
This report by The Canadian Press was first published Aug. 24, 2021.