TORONTO — Some of the most active companies traded Friday on the Toronto Stock Exchange:
Toronto Stock Exchange (20,419.62, up 2.01):
PetroTal Corp. (TSX:TAL). Energy. Down one cent, or 1.32 per cent, to 75 cents on 21.4 million shares.
Enbridge Inc. (TSX:ENB). Energy. Down $1.17, or 2.20 per cent, to $52.11 on 19.9 million shares.
Suncor Energy Inc. (TSX:SU). Energy. Unchanged, at $38.87 on 7.6 million shares.
Manulife Financial Corp. (TSX:MFC). Finance. Down 61 cents, or 2.33 per cent, to $25.58 on 6.0 million shares.
Athabasca Oil Corp. (TSX:ATH). Energy. Down five cents, or 1.79 per cent, to $2.75 on 5.5 million shares.
Air Canada. (TSX:AC). Transportation. Up 11 cents, or 0.52 per cent, to $21.12 on 5.3 million shares.
Companies in the news:
Air Canada. (TSX:AC). Transportation. Up 11 cents, or 0.52 per cent, to $21.12. Air Canada reported that first-quarter revenue nearly doubled compared with a year earlier as travellers hopped back on airplanes en masse — even as higher costs tamped down net earnings. Buoyed by a record $4.9 billion in revenue, the quarter marked the second in a row where the carrier has turned a profit following 11 straight quarters of losses totalling $10.1 billion. Net income amounted to $4 million, in stark contrast to $974 million in losses a year ago.
TC Energy Corp. (TSX:TRP). Energy. Up nine cents, or 0.16 per cent, to $55.94. TC Energy Corp. said it has recovered all of the oil that spilled into a Kansas creek as a result of a leak from the Keystone pipeline in December. The Calgary-based pipeline company said while the oil that spilled into the creek has been recovered, it is still working to remediate and restore the Mill Creek shoreline. TC Energy said it expects to be on site until the third quarter of this year to complete the cleanup.
Crescent Point Energy Corp. (TSX:CPG). Unchanged, at $9.13. Crescent Point Energy Corp. is increasing its use of hedging to protect itself against commodity price swings. Like other Canadian energy producers, the Calgary-based oil and gas company — which has drilling operations in Alberta, Saskatchewan and North Dakota — has been directly affected by the volatility in global energy markets over the last 12 months. On Friday, the company reported a first-quarter profit of $216.7 million or 39 cents per diluted share for the quarter ended March 31, down from $1.18 billion or $2.03 per diluted share in the same quarter last year.
This report by The Canadian Press was first published May 12,2023.
The Canadian Press
