TORONTO — Some of the most active companies traded Tuesday on the Toronto Stock Exchange:
Toronto Stock Exchange (20,704.79, up 2.56):
Enbridge Inc. (TSX:ENB). Energy. Down $1.48, or 2.71 per cent, to $53.06 on 19 million shares.
Manulife Financial Corp. (TSX:MFC). Financials. Down nine cents, or 0.34 per cent, to $26.11 on nine million shares.
Sabina Gold & Silver Corp. (TSX:SBB). Materials. Up one cent, or 0.58 per cent, to $1.75 on 8.2 million shares.
Auxly Cannabis Group Inc. (TSX:XLY). Health care. Unchanged at two cents on 8.2 million shares.
B2Gold Corp. (TSX:BTO). Materials. Down three cents, or 0.65 per cent, to $4.56 on 6.8 million shares.
Hut 8 Mining Corp. (TSX:HUT). Financials. Up 21 cents, or 9.68 per cent, to $2.38 on 5.9 million shares.
Companies in the news:
Restaurant Brands International Inc. (TSX:QSR). Down $2.58, or 2.82 per cent, to $88.79. Tim Hortons' parent company released new details on the financial performance of its Canadian coffee shops on Tuesday that appear to shed light on concerns raised by some franchisees about restaurant-level profitability. Restaurant Brands International Inc. said average Tim Hortons restaurants in Canada made $220,000 last year in earnings before interest, taxes, depreciation and amortization (EBITDA), with the average franchisee owning four locations. The last time the company revealed restaurant-level figures was for 2018, when the average location earned $320,000 and franchisees owned 3.5 locations on average. The numbers suggest the average Tim Hortons franchisee earned $880,000 before interest, taxes, depreciation and amortization in 2022, a drop of more than 20 per cent from $1.1 million four years ago.
TC Energy Corp. (TSX:TRP). Up 78 cents, or 1.40 per cent, to $56.42. TC Energy Corp. expects to be able to indicate this summer whether it will complete the Coastal GasLink pipeline by its end-of-year target or not. The Calgary-based pipeline company, which has been dogged by unexpected construction issues and rising labour costs for the project, said earlier this month that it has raised the estimated cost of the pipeline to $14.5 billion, up from an earlier estimate of $11.2 billion. Construction of the pipeline is approximately 84 per cent complete. However, TC Energy has warned that if construction extends well into 2024, it could add an additional $1.2 billion to the project's cost. On a conference call with analysts Tuesday, CEO François Poirier said the company still believes it can finish the project by the end of 2023, and is working toward that goal with a "relentless focus."
This report by The Canadian Press was first published Feb. 14,2023.
The Canadian Press
