TORONTO — Some of the most active companies traded Tuesday on the Toronto Stock Exchange:
Toronto Stock Exchange (21,714.54, down 297.08 points):
Enbridge Inc. (TSX:ENB). Energy. Down 20 cents, or 0.41 per cent, to $48.95 on 13.5 million shares.
Ivanhoe Mines Ltd. (TSX:IVN). Mining. Down $1.96, or 9.51 per cent, to $18.66 on 12.3 million shares.
Canopy Growth Corp. (TSX:WEED). Healthcare. Up $9.09, or 80.02 per cent, to $20.45 on 11.3 million shares.
First Quantum Minerals Ltd. (TSX:FM). Mining. Down nine cents, or 0.51 per cent, to $17.48 on 9.3 million shares.
Tilray Brands Inc. (TSX:TLRY). Healthcare. Up $1.01, or 41.91 per cent, to $3.42 on 9.0 million shares.
Toronto-Dominion Bank. (TSX:TD). Finance. Up 62 cents, or 0.77 per cent, to $81.67 on 7.9 million shares.
Companies in the news:
Canopy Growth Corp. (TSX:WEED). Healthcare. Up $9.09, or 80.02 per cent, to $20.45; Tilray Brands Inc. (TSX:TLRY). Healthcare. Up $1.01, or 41.91 per cent, to $3.42. Canadian cannabis stocks soared Tuesday afternoon after The Associated Press reported the U.S. Drug Enforcement Agency will move to reclassify marijuana as a less dangerous drug. The Associated Press, citing five sources familiar with the matter, reported the DEA's proposal would recognize the medical uses of cannabis and acknowledge it has less potential for abuse than other, more dangerous drugs. However, it would not legalize marijuana for recreational use.
Restaurant Brands International Inc. (TSX:QSR). Restaurants. Up $3.57, or 3.54 per cent, to $104.44. As Tim Hortons and Burger King's parent company saw its profit rise 18 per cent in its latest quarter, its chief executive noticed a broader trend taking hold across the industry: slowing sales. RBI, which also owns Popeyes Louisiana Kitchen and Firehouse Subs, revealed it earned a net income of US$328 million or 72 cents per diluted share in its first quarter, up from US$277 million or 61 cents per diluted share a year earlier. The company, which keeps its books in U.S. dollars, said revenue totalled US$1.74 billion for the quarter ended March 31, up from US$1.59 billion in the same quarter last year.
This report by The Canadian Press was first published April 30, 2024.
The Canadian Press
