TORONTO — Some of the most active companies traded Wednesday on the Toronto Stock Exchange:
Toronto Stock Exchange (22,075.96, down 11.26 points.)
TC Energy Corp. (TSX:TRP). Energy. Down $1.27, or 1.7 per cent, to $71.36 on 11.5 million shares.
Bank of Nova Scotia (TSX:BNS). Financials. Down 76 cents, or 0.8 per cent, to $91.41 on 9.6 million shares.
Suncor Energy Inc. (TSX:SU). Energy. Up 54 cents, or 1.3 per cent, to $41.27 on 6.9 million shares.
Cenovus Energy Inc. (TSX:CVE). Energy. Down eight cents, or 0.4 per cent, to $20.81 on 6.5 million shares.
Canadian Natural Resources (TSX:CNQ). Energy. Up 39 cents, or 0.5 per cent, to $78.19 on six million shares.
Tilray Inc. (TSX:TLRY). Health care. Down 23 cents, or 2.2 per cent, to $10.13 on 5.8 million shares.
Companies in the news:
Dollarama Inc. (TSX:DOL). Up $2.47 or 3.6 per cent to $71.19. Canada’s largest dollar store is introducing a new $5 price tag as it looks to recoup higher costs and bring in new products. Dollarama Inc. said Wednesday the rollout of additional price points up to $5 will help the retail chain maintain and enhance its product assortment and value. CEO Neil Rossy said there will be a gradual ramp-up starting mid-year that brings additional flexibility to manage cost pressures. His comments came as the retailer raised its dividend and reported its fourth-quarter profit and sales rose compared with a year ago. The company reported a profit of $220 million or 74 cents per diluted share for the quarter ended Jan. 30 compared with a profit of $173.9 million or 56 cents per diluted share a year earlier. Sales totalled $1.22 billion, up from $1.1 billion in the same quarter last year, helped by an increase in the number of stores and a 5.7 per cent uptick in comparable store sales.
Air Canada. (TSX:AC). Down 39 cents or 1.6 per cent to $24.33. Air Canada plans to more than double its capacity this year compared with 2021, but says that is still below its pre-pandemic level. In its outlook for this year, the airline says its capacity, measured by available seat miles, for 2022 will be up about 150 per cent compared with last year. However, Air Canada says its capacity will still only be about 75 per cent of where it was in 2019 as it continues to account for passenger demand, public health guidelines and travel restrictions. The airline says it expects its adjusted cost per available seat mile for 2022 to increase about 13 to 15 per cent when compared with 2019. Looking further into the future, Air Canada says it expects its capacity for 2024 to be about 95 per cent of its 2019 level. Air Canada CEO Michael Rousseau says with the pandemic receding and travel returning, the airline has put in place a strategy to return to profitability and increase long-term shareholder value.
High Tide Inc. (TSXV:HITI). Up 17 cents or 2.9 per cent to $6.07. Cannabis retailer High Tide Inc. has signed a deal to buy Livonit Foods Inc., which operates two stores in Ontario under the Bud Heaven banner. The company is paying $2.8 million in shares for the stores located in Bracebridge, Ont. High Tide CEO Raj Grover says the deal helps it become a meaningful player in Ontario’s cottage country, a region where it did not have a presence. The deal, which is subject to regulatory approval and other conditions, is expected to close in the coming weeks. High Tide has more than 100 locations across Ontario, Alberta, Manitoba and Saskatchewan. Its banners include Canna Cabana, Meta Cannabis Co. and Meta Cannabis Supply Co.
This report by The Canadian Press was first published March 30, 2022.