TORONTO — Some of the most active companies traded Monday on the Toronto Stock Exchange:
Toronto Stock Exchange (19,921.81, down 189.70 points):
Enbridge Inc. (TSX:ENB). Energy. Down $2.02, or 3.64 per cent, to $53.45 on 36.9 million shares.
Manulife Financial Corp. (TSX:MFC). Financials. Down 14 cents, or 0.60 per cent, to $23.39 on 24.9 million shares.
Algonquin Power & Utilities Corp. (TSX:AQN). Utilities. Down $1.73, or 14.02 per cent, to $10.61 on 21.7 million shares.
Suncor Energy Inc. (TSX:SU). Energy. Down 55 cents, or 1.13 per cent, to $48.22 on 16.1 million shares.
Barrick Gold Corp. (TSX:ABX). Materials. Down 24 cents, or 1.10 per cent, to $21.57 on 15.1 million shares.
Lundin Mining Corp. (TSX:LUN). Materials. Up five cents, or 0.61 per cent, to $8.28 on 8.5 million shares.
Companies in the news:
Turquoise Hill Resources Ltd. (TSX:TRQ). Down 26 cents, or 0.62 per cent, to $41.61. Turquoise Hill Resources Ltd. said if Rio Tinto's proposal to take the company private does not go ahead, its immediate priority will be to address the company's liquidity concerns. The company said it will implement all elements of its binding funding heads of agreement with Rio Tinto, which holds a majority stake in the company, to provide it with the needed liquidity and resources to meet its obligations as it works to expand its Oyu Tolgoi copper and gold mine in Mongolia. Turquoise Hill, which keeps its books in U.S. dollars, made the comments as it reported a profit of US$40 million or 23 cents per diluted share for the quarter ended Sept. 30 compared with a profit of US$54.4 million or 28 cents per diluted share in the same quarter last year. Revenue for the quarter totalled US$391.1 million, down from US$662.1 million a year earlier.
Shawcor Ltd. (TSX:SCL). Up 67 cents, or 6.70 per cent, to $10.67. Shawcor Ltd. reported a $23-million profit in its latest quarter compared with a loss a year ago as its revenue rose about 15 per cent. Shawcor chief executive Mike Reeves said strong execution resulted in robust sequential and year-over-year growth in revenue, gross profit, operating cash flow and backlog. The energy and infrastructure technology company said its profit amounted to 33 cents per diluted share for the quarter ended Sept. 30. The result compared with a loss of $8.3 million or 12 cents per share in the same quarter last year.
This report by The Canadian Press was first published Nov. 14, 2022.
The Canadian Press
