TORONTO — Some of the most active companies traded Monday on the Toronto Stock Exchange:
Toronto Stock Exchange (19,857.07, up 42.56):
TC Energy Corp. (TSX:TRP). Energy. Up 55 cents, or 1.01 per cent, to $54.79 on 6.6 million shares.
Algonquin Power & Utilities Corp. (TSX:AQN). Utilities. Up 11 cents, or 1.14 per cent, to $9.77 on 6.3 million shares.
Canadian Natural Resources Ltd. (TSX:CNQ). Energy. Up 59 cents, or 0.81 per cent, to $73.88 on 5.7 million shares.
Cenovus Energy Inc. (TSX:CVE). Energy. Up nine cents, or 0.36 per cent, to $25.46 on 5.7 million shares.
Barrick Gold Corp. (TSX:ABX). Materials. Down 21 cents, or 0.82 per cent, to $25.41 on 5.6 million shares.
Manulife Financial Corp. (TSX:MFC). Financials. Down three cents, or 0.12 per cent, to $24.65 on 5.3 million shares.
Companies in the news:
BCE Inc. (TSX:BCE). Down 25 cents, or 0.41 per cent, to $61.37. Bell Canada said it is revamping its Bell Let's Talk campaign for mental health for 2023. Each year on Jan. 25 since 2010, the telecom giant has donated five cents to mental health programs every time a Canadian used the "Bell Let's Talk" hashtag on social media or in a text. The company said this year it is eliminating that practice and will instead make a $10-million lump sum donation to mental health programs.
Tilray Brands Inc. (TSX:TLRY). Down 32 cents, or 8.08 per cent, to $3.64. Tilray Brands Inc. reported a second-quarter net loss of US$61.6 million in its most recent quarter as it temporarily slowed cannabis production because of the "longer-than-anticipated march toward legalization" in some markets. Among the markets whose timing is hampering the Leamington, Ont., pot company is the U.S., where its chief executive said legalization is not expected in the near future. Cannabis is legal for medical purposes in about 39 states and for recreational use in 19, including D.C. However, federal law still considers it a Schedule I controlled substance with high risk of abuse and no accepted medical use, placing it in a group with harder drugs like heroin, LSD and peyote. But last year, U.S. President Joe Biden revealed he will pardon people convicted under federal law of possessing cannabis and review the status of pot as a Schedule 1 substance.
Cenovus Energy Inc. — Cenovus Energy Inc. said its refinery throughput for the fourth quarter of 2022 and the first quarter of 2023 will be weaker than expected. The Calgary-based oil company said extreme winter weather, along with operational issues and third-party pipeline outages, has negatively affected its U.S. and Canadian refining operations.
This report by The Canadian Press was first published Jan. 9,2023.
The Canadian Press
