TORONTO – Some of the most active companies traded Friday on the Toronto Stock Exchange:
Toronto Stock Exchange (16,169.20, down 130.09)
Bombardier Inc. (TSX:BBD.B). Industrials. Up about two cents, or 3.33 per cent, to nearly $ 0.47 on 8.55 million shares.
Kinross Gold Corp. (TSX:K). Basic Materials. Up 80 cents, or 6.84 per cent, to $ 12.50 on 7.5 million shares.
Air Canada. (TSX:AC). Industrials. Down 98 cents, or 6.09 per cent, to $ 15.11 on 7.4 million shares.
Manulife Financial Corp. (TSX:MFC). Financial Services. Down 50 cents, or 2.71 per cent, to $ 17.95 on 7.03 million shares.
Suncor Energy Inc. (TSX:SU). Energy. Down 72 cents, or 3.3 per cent, to $ 21.07 on 6.52 million shares.
Toronto Dominion Bank. (TSX:TD). Financial Services. Down 64 cents, or 1.07 per cent, to $ 59.27 on 5.45 million shares.
Companies in the news:
Telus Corp. (TSX:T). Down 13 cents, or 0.56 per cent, to $ 23.23. Telus Corp.’s net income fell 39 per cent in its latest quarter to $ 315 million despite an uptick in revenues, as operating expenses at its wireline services increased from the same time last year. The Vancouver-based telecommunications company — which owns the Telus, Koodo and Public Mobile wireless brands and wireline internet and video services — said Friday that it earned $ 315 million or 23 cents per share for the three months ended June 30, down from $ 520 million or 43 cents per share a year earlier. Adjusted profits were $ 316 million or 25 cents per share, versus $ 416 million or 35 cents per share in the second quarter of 2019.
Centerra Gold Inc. (TSX:CG). Up 95 cents, or 5.99 per cent, to $ 16.80. Centerra Gold Inc. is boosting its quarterly dividend by 25 per cent after reporting that earnings soared in its latest quarter on a 21-per-cent boost in revenues. The Toronto-based mining company says it will pay five cents per share, up from four cents. Centerra, which reports in U.S. dollars, earned US$ 80.7 million or 27 cents per share in the second quarter, up from US$ 33.4 million or 11 cents per share in the prior year. Adjusted profits were $ 97.8 million or 33 cents per share, compared with $ 33.4 million or 11 cents per share in the second quarter of 2019.
Imperial Oil Ltd. (TSX:IMO). Down $ 1.06, or 4.82 per cent, to $ 20.95. Imperial Oil Ltd. reported a net loss of $ 526 million on revenue of $ 3.7 billion in the three months ended June 30, down from a net profit of $ 1.2 billion on revenue of $ 9.26 billion in the year-earlier period. Imperial, which is 69.6 per cent owned by American giant Exxon Mobil Corp., blamed lower oil prices and refinery profit margins due to the COVID-19-related economic slump during the quarter.
Fairfax Financial Holdings Ltd. (TSX:FFH) Down $ 5.98, or 1.4 per cent, to $ 419.68. Fairfax Financial Holdings Ltd. says its net income attributable to shareholders decreased 12 per cent in its latest quarter as COVID-19 losses in the first six months of the year approached US$ 400 million. The Toronto-based company says it earned US$ 434.9 million or US$ 15.26 per diluted share for the three months ended June 30, down from US$ 494.3 million or US$ 17.18 per share in the second quarter of 2019. Fairfax, which reports in U.S. dollars, says net income including non-controlling interests was $ 426.3 million, compared with $ 579.5 million in the year-ago period.
SNC-Lavalin Group Inc. (TSX:SNC). Down $ 2.10, or 8.99 per cent, to $ 21.25. SNC-Lavalin Group Inc. reported a net loss of $ 111.6 million or 64 cents per diluted share for the three months ended June 30, compared with a loss of $ 2.12 billion or $ 12.07 per share a year earlier. This quarter’s loss includes $ 47.3 million of restructuring costs mainly related to the resources services transformation. The adjusted loss improved to $ 31.6 million or 18 cents per share, versus a loss of $ 234.2 million or $ 1.34 per share in the second quarter of 2019. Revenues decreased 14.5 per cent to $ 1.95 billion from $ 2.28 billion in the prior year.
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Air Canada. Air Canada suffered a $ 1.75-billion loss last quarter as revenues plummeted amid travel restrictions and a collapse in demand stemming from the COVID-19 pandemic. Air Canada saw net income drop by 84 per cent year over year while total revenues plunged to $ 527 billion in the quarter ended June 30 from $ 4.74 billion a year earlier. It lost $ 6.44 per diluted share, compared with net income equalling $ 1.26 per share or $ 343 million a year earlier.
This report by The Canadian Press was first published July 31, 2020.