TORONTO — Some of the most active companies traded Tuesday on the Toronto Stock Exchange:
Toronto Stock Exchange (19,505.33, down 187.59 points.)
Enbridge Inc. (TSX:ENB). Energy. Down 88 cents, or 1.53 per cent, to $56.63 on 19.7 million shares.
Athabasca Oil Corp. (TSX:ATH). Energy. Down six cents, or 2.48 per cent, to $2.36 on 12.3 million shares.
Suncor Energy Inc. (TSX:SU). Energy. Down 55 cents, or 1.27 per cent, to $42.91 on 10.7 million shares.
Barrick Gold Corp. (TSX:ABX). Materials. Down 21 cents, or 1.04 per cent, to $19.97 on 8.9 million shares.
Manulife Financial Corp. (TSX:MFC). Financials. Down 19 cents, or 0.81 per cent, to $23.25 on eight million shares.
Lundin Mining Corp. (TSX:LUN). Materials. Down 50 cents, or 6.93 per cent, to $6.72 on 7.8 million shares.
Companies in the news:
Air Canada (TSX:AC). Up 14 cents or 0.81 per cent to $17.53. Air Canada raked in a nearly fivefold revenue increase in its latest quarter, but continued to suffer net losses in the hundreds of millions due to a very challenging three months, said CEO Mike Rousseau. While falling short of forecasts, the sunnier earnings come after months of global industry turbulence as airlines, airports and governments try to catch up with a massive travel rebound that has unleashed scenes of chaos in terminals. Customer volume shot up to 9.1 million passengers in the quarter ended June 30, reaching 71 per cent of levels from the same period in 2019. Staffing numbers were even higher compared to the pre-pandemic payroll, Air Canada said Tuesday.
TD Bank Group (TSX:TD). Down 34 cents or 0.41 per cent to $82.84. TD Bank Group says it will acquire U.S. investment firm Cowen Inc. in an all-cash transaction valued at US$1.3 billion, or US$39 for each share of Cowen common stock. The Big Five bank says the transaction will help TD Securities, the investment arm of the bank, accelerate its long-term growth strategy in the U.S. by acquiring a high-quality and rapidly growing investment bank with outstanding talent and highly complementary products and services. TD says once the transaction closes, Cowen chair and CEO Jeffrey Solomon will join the senior leadership of TD Securities.
Lundin Mining Corp. — Lundin Mining Corp. has confirmed that a sinkhole was detected near its Minera Ojos del Salado operations in Chile on July 30. The Toronto-based mining company says the area was immediately isolated and the relevant regulatory authorities were notified once the sinkhole was found. There has been no impact to personnel, equipment or infrastructure, the company says. Lundin says the Alcaparrosa mine, which is part of the Minera Ojos del Salado operations, is being continuously monitored and no movement has been detected related to the sinkhole. Development work at the Alcaparrosa underground mine has been temporarily suspended as a preventive measure.
This report by The Canadian Press was first published Aug. 2, 2022.