TORONTO — Some of the most active companies traded Wednesday on the Toronto Stock Exchange:
Toronto Stock Exchange (22,346.76, down 121.40 points):
Enbridge Inc. (TSX:ENB). Energy. Down eight cents, or 0.16 per cent, to $50.12 on 15.9 million shares.
Suncor Energy Inc. (TSX:SU). Energy. Down 60 cents, or 1.07 per cent, to $55.43 on 9.3 million shares.
Manulife Financial Corp. (TSX:MFC). Finance. Down two cents, or 0.06 per cent, to $35.98 on 8.0 million shares.
Royal Bank of Canada. (TSX:RY). Finance. Up 48 cents, or 0.33 per cent, to $145.01 on 5.7 million shares.
Cenovus Energy Inc. (TSX:CVE). Energy. Down 30 cents, or 1.09 per cent, to $27.36 on 5.7 million shares.
Pembina Pipeline Corp. (TSX:PPL). Energy. Down 53 cents, or 1.05 per cent, to $50.13 on 5.6 million shares.
Companies in the news:
CAE Inc. (TSX:CAE). Aerospace and defense. Down $1.33, or 4.92 per cent, to $25.73. CAE Inc. expects to report a half-billion-dollar loss for its fourth quarter after massive one-time charges linked to its beleaguered defence business. The flight simulator maker announced a $568-million "goodwill impairment" for the segment on Wednesday. It also reported a $36-million writedown of intangible assets and $90 million in unfavourable contract adjustments tied to fixed-price defence contracts.
Héroux-Devtek Inc. (TSX:HRX). Aerospace and defense. Up $1.61, or 7.69 per cent, to $22.56. Global strife has boosted demand for Héroux-Devtek Inc. wares, with the continued rebound in commercial travel adding to its record sales last quarter, said CEO Martin Brassard. Defence sales rose slightly from last year to $108.2 million in the company's fourth quarter. The company carried out maintenance and deliveries on the Sikorsky CH-53K King Stallion helicopter — a heavy transport chopper used by the U.S. Marine Corps — and Lockheed Martin F-35 fighter jets, deployed by more than half a dozen militaries.
This report by The Canadian Press was first published May 22, 2024.
The Canadian Press
