TORONTO — Some of the most active companies traded Thursday on the Toronto Stock Exchange:
Toronto Stock Exchange (19,459.92, down 72.86):
Suncor Energy Inc. (TSX:SU). Energy. Down 65 cents, or 1.58 per cent, to $40.53 on 12.2 million shares.
Cenovus Energy Inc. (TSX:CVE). Energy. Down $1.16, or 5.10 per cent, to $21.58 on 10.3 million shares.
TC Energy Corp. (TSX:TRP). Energy. Down 68 cents, or 1.31 per cent, to $51.30 on 9.5 million shares.
Manulife Financial Corp. (TSX:MFC). Financials. Down nine cents, or 0.37 per cent, to $24.37 on 9.1 million shares.
Crescent Point Energy Corp. (TSX:CPG). Energy. Down six cents, or 0.66 per cent, to $9.02 on 9.1 million shares.
Toronto-Dominion Bank (TSX:TD). Financials. Down 76 cents, or 0.97 per cent, to $77.33 on 9.1 million shares.
Companies in the news:
Bombardier Inc. (TSX:BBD.B). Up $1.74, or 2.82 per cent, to $63.56. Bombardier Inc. has upped its financial targets for 2025, as the plane maker looks to boost production of business jets amid a growing market. Bombardier, which keeps its books in U.S. dollars, said Thursday it is now aiming for more than US$9 billion in revenue for 2025, up from about US$7.5 billion. It also raised its objective for free cash flow to over US$900 million — up from more than US$500 million — a key tool for knocking down its sizable debt pile.
Enbridge Inc. (TSX:ENB). Down 27 cents, or 0.54 per cent, to $49.99. The timeline of a U.S. review of a proposed Great Lakes tunnel that's a critical part of Enbridge Inc.'s Line 5 pipeline replacement project has been pushed back by more than a year. The U.S. Army Corps of Engineers said Thursday it now expects to complete its draft environmental impact statement for Enbridge's Line 5 tunnel permit application in spring 2025, rather than late 2023 as earlier indicated. The Canadian pipeline company said this will further delay the replacement of the dual pipelines in Michigan's Straits of Mackinac and will essentially push the start of construction until at least 2026.
This report by The Canadian Press was first published March 23,2023.
The Canadian Press
