TORONTO 鈥� Some of the most active companies traded Wednesday on the Toronto Stock Exchange:
Toronto Stock Exchange (21,265.10, up 95.09 points.)
Cenovus Energy Inc. (TSX:CVE). Energy. Up 18 cents, or 1.21 per cent, to $15.03 on 9.7 million shares.
Suncor Energy Inc. (TSX:SU). Energy. Down 52 cents, or 1.63 per cent, to $31.44 on 7.5 million shares.聽
Denison Mines Corp. (TSX:DML). Materials. Up 18 cents, or 8.18 per cent, to $2.38 on 6.4 million shares.
Baytex Energy Corp. (TSX:BTE). Energy. Down six cents, or 1.41 per cent, to $4.21 on six million shares.
BlackBerry Ltd. (TSX:BB). Technology. Up 42 cents, or 2.97 per cent, to $14.55 on 5.6 million shares.
Manulife Financial Corp. (TSX:MFC). Financials. Up 44 cents, or 1.79 per cent, to $25 on 5.2 million shares.
Companies in the news:聽
Cenovus Energy Inc. 鈥� The chief executive of one of Canada's major oilsands producers said he's not opposed to a federal cap on greenhouse gas emissions from the oil and gas sector, as long as the government realizes that large-scale emissions reductions will take years to achieve. In an interview Wednesday, Cenovus Energy Inc. CEO Alex Pourbaix drew a comparison between Canada's current decarbonization plan and the multibillion-dollar campaign to reconstruct Europe after the Second World War. Pourbaix's comments came the same day Cenovus reported third-quarter profits of $551 million in the third quarter, or 27 cents per share compared with a loss of $194 million or 16 cents per share a year ago. Against a backdrop of oil prices that have rebounded to multi-year highs from last year's lows, Cenovus' revenue totalled $12.7 billion, up from nearly $3.7 in the same quarter last year. Cenovus' latest earnings report was released just days after Prime Minister Justin Trudeau 鈥� who just attended COP26, the UN climate conference in Scotland 鈥� formally committed to a federal cap on greenhouse gas emissions produced by Canada's oil and gas industry.聽
Rogers Communications Inc. (TSX:RCI.B). Up 70 cents or 1.2 per cent to $59.30. Rogers Communications Inc. is urging the federal telecommunications regulator to go ahead as scheduled with its hearings into the company's deal to buy Shaw Communications Inc. BCE Inc., Telus Corp., the Public Interest Advocacy Centre and the National Pensioners Federation have asked the CRTC to delay the hearings set to begin Nov. 22 due to a dispute over control of Rogers between members of the Rogers family. Edward Rogers, son of late Rogers founder Ted Rogers, has asked a B.C. court to declare legitimate the board he formed after he was ousted as chair last month. He is opposed by his mother and sisters. However, Rogers said the family and company "are aligned on the importance of this transaction" and fully support the application that the company has filed with the regulator. The company said all of the submissions and commitments it makes will be honoured and respected, regardless of any changes to the board of directors and executives that may occur. Rogers executive Ted Woodhead said postponing the hearing would create further uncertainty in the market and would unfairly and unreasonably delay the commission's review of the deal.
NFI Group Inc. (TSX:NFI). Up 29 cents or 1.2 per cent to $25.19. NFI Group Inc. says it lost US$15.4 million in its latest quarter as the bus maker dealt with global supply disruptions that reduced the availability of key parts and components and hurt production. The Winnipeg-based company, which keeps its books in U.S. dollars, says the loss amounted to 22 cents per share for the quarter ended Sept. 26. The result compared with a loss of US$24.9 million or 40 cents per share in the same quarter last year. Revenue in the quarter totalled US$492 million, down from US$663.9 million. On an adjusted basis, NFI says it lost US$11.3 million or 16 cents per share in its most recent quarter, compared with an adjusted profit of US$5.7 million or nine cents per share a year earlier. Analysts on average had expected an adjusted loss of 17 cents per share and US$497.9 million in revenue, according to financial markets data firm Refinitiv.
This report by The 91原创 Press was first published Nov. 3, 2021.
The 91原创 Press
