TORONTO — Some of the most active companies traded Thursday on the Toronto Stock Exchange:
Toronto Stock Exchange (20,606.42, down 113.97):
Manulife Financial Corp. (TSX:MFC). Financials. Up 99 cents, or 3.79 per cent, to $27.12 on 26.7 million shares.
Enbridge Inc. (TSX:ENB). Energy. Down 18 cents, or 0.34 per cent, to $52.71 on 16.1 million shares.
Cenovus Energy Inc. (TSX:CVE). Energy. Down $1.16, or 4.46 per cent, to $24.85 on 12.6 million shares.
Hut 8 Mining Corp. (TSX:HUT). Financials. Down 10 cents, or 3.65 per cent, to $2.64 on 9.4 million shares.
Suncor Energy Inc. (TSX:SU). Energy. Down 88 cents, or 1.89 per cent, to $45.67 on 8.9 million shares.
Summit Industrial Income REIT (TSX:SMU.UN). Real estate. Down three cents, or 0.13 per cent, to $23.20 on 8.1 million shares.
Companies in the news:
Cenovus Energy Inc. — Cenovus Energy Inc. chief executive Alex Pourbaix will step down from his CEO role later this year to devote more time to his evolving role as an outspoken champion of Canada's oilsands industry and its decarbonization ambitions. The Calgary-based energy company said Thursday that Pourbaix, who has led Cenovus since November of 2017, will become executive chair, while chief operating officer Jon McKenzie will become CEO in a transition that will take place after the company's annual meeting set for April 26. On a conference call with analysts, Pourbaix said the change will allow him to focus his attention on external efforts, including working with all levels of government to advance the oil and gas industry's decarbonization goals.
Canadian Tire Corp. Ltd. (TSX:CTC). Up $15.62, or 5.26 per cent, to $312.50. Canadian Tire Corp. Ltd. capped its centennial year with strong growth in its automotive business as demand for auto parts and service helped offset softer spending on non-essential items, the company said Thursday. The standout performance of its auto division underscored a broader consumer focus on essential goods and services across the company's banners as inflation erodes discretionary incomes in Canada. Canadian Tire, which includes its namesake Canadian Tire stores, PartSource, Mark's and SportChek, said its consolidated comparable sales rose slightly in its fourth quarter, up 0.3 per cent compared against hefty gains posted in the same period a year ago.
This report by The Canadian Press was first published Feb. 16, 2023.
The Canadian Press
