TORONTO — Some of the most active companies traded Wednesday on the Toronto Stock Exchange:
Toronto Stock Exchange (20,383.75, up 97.55 points.)
Manulife Financial Corp. (TSX:MFC). Financials. Up 25 cents, or 1.1 per cent, to $22.70 on 13 million shares.
Arc Resources Ltd. (TSX:ARX). Energy. Up 66 cents, or 3.6 per cent, to $18.87 on 8.9 million shares.
Suncor Energy Inc. (TSX:SU). Energy. Up 86 cents, or 1.7 per cent, to $50.47 on 8.2 million shares.
Athabasca Oil Corp. (TSX:ATH). Energy. Up 19 cents, or eight per cent, to $2.58 on 8.1 million shares.
Crescent Point Energy Corp. (TSX:CPG). Energy. Up 49 cents, or 4.8 per cent, to $10.80 on eight million shares.
Baytex Energy Corp. (TSX:BTE). Energy. Up 40 cents, or 6.2 per cent, to $6.90 on 7.9 million shares.
Companies in the news:
Scotiabank (TSX:BNS). Up $2.38 or 2.9 per cent to $83.75. BMO and Scotiabank both reported higher loan growth and profits in the last quarter from a year ago and said commercial and consumer demand remains strong despite growing worries about the economy. The two banks, the first to report results for the second quarter that ran until the end of April, say that while their results were robust, they have also ramped up their internal stress-testing scenarios as central banks raise interest rates to combat inflation. The rising interest rate environment is increasing worries that central banks may overstep and push the economy into a recession, but the banks say they have seen few signs of such a case emerging so far. BMO reported an adjusted net income, which excludes earnings related to its pending Bank of the West acquisition, of $2.19 billion, up from $2.58 billion the same quarter a year earlier. Scotiabank reported a net income of $2.75 billion, up from $2.46 billion in the same quarter last year. BMO said it will now pay a quarterly dividend of $1.39 per share, up six cents from $1.33 per share, while Scotiabank increased its quarterly dividend three cents to $1.03 per share.
Trevali Mining Corp. (TSX:TV). Unchanged at 69 cents. Trevali Mining Corp. says the bodies of four workers missing since its Perkoa Mine in Burkina Faso flooded last month have been found. Four other workers remain missing. The Canadian mining company says search crews will continue to work at full capacity. Trevali said last week that rescue workers reached a refuge 570 metres below ground, but found no one inside. There has been no communication with the missing workers since the mine was flooded after heavy rainfall in the region on April 16. The company has said it working closely with authorities as it investigates the cause of the flooding.
This report by The Canadian Press was first published May 25, 2022.