TORONTO — Some of the most active companies traded Thursday on the Toronto Stock Exchange:
Toronto Stock Exchange (19,062.85, up 42.18 points.)
Royal Bank of Canada (TSX:RY). Financials. Up 38 cents, or 0.3 per cent, to $124.08 on 9.4 million shares.
Barrick Gold Corp. (TSX:ABX). Materials. Up eight cents, or 0.4 per cent, to $19.97 on 7.5 million shares.
Manulife Financial Corp. (TSX:MFC). Financials. Up one cent, or 0.04 per cent, to $22.60 on 7.2 million shares.
Suncor Energy Inc. (TSX:SU). Energy. Down 71 cents, or 1.7 per cent, to $40.37 on 7.1 million shares.
Canopy Growth Corp. (TSX:WEED). Health care. Down 36 cents, or 9.2 per cent, to $3.57 on 6.1 million shares.
Crescent Point Energy Corp. (TSX:CPG). Energy. Down 40 cents, or 4.2 per cent, to $9.17 on six million shares.
Companies in the news:
Rogers Communications Inc. (TSX:RCI.B). Down 34 cents to $60.06. Rogers Communications Inc. has a new chief technology officer just weeks after a service outage that crippled the company's networks and affected millions of customers across Canada. In a statement, Rogers confirmed that Jorge Fernandes will be stepping down from his role as chief technology and information officer, effective immediately. The telecom giant says Ron McKenzie will replace Fernandes. McKenzie has extensive experience in the telecom industry, including in technical operations with Rogers and was previously president of Rogers for Business. He also spent 10 years at Shaw Communications Inc. The change comes after the company pledged to make investments to avoid a repeat of the network outage.
Dye & Durham Ltd. (TSX:DND). Up 27 cents or 1.4 per cent to $19.07. Link Administration Holdings Ltd. says it has agreed to a revised takeover proposal by Dye & Durham Ltd. The Australian company says its board is recommending shareholders support the offer of A$4.81 per share plus up to 13 cents per share if its banking and credit management business is sold and proceeds are received within 12 months of the deal. The deal is down from an offer of A$5.50 per share that Dye & Durham made in December, but up from its bid earlier this month of up to A$4.70 per share. The Link Group board concluded that the revised offer is "fair and reasonable" and in the best interests of shareholders. Toronto-based Dye & Durham has said the acquisition would expand its customer base in key U.K. and Australian markets and strengthen its business-to-business software and information service solutions. The Australian Competition and Consumer Commission said last month it had significant preliminary competition concerns with the deal.
Mullen Group Ltd. (TSX:MTL). Up $1.38 or 11.8 per cent to $13.12. Mullen Group Ltd. nearly doubled its second-quarter profit compared with a year ago as its revenue rose 67 per cent. Mullen Group chair and senior executive officer Murray Mullen says consolidated revenue hit record levels driven by acquisitions, general pricing increases, fuel surcharges and steady customer demand. The trucking and logistics company says it earned $42.7 million or 43 cents per diluted share for the quarter ended June 30. The result was up from a profit of $21.7 million or 23 cents per diluted share in the same quarter last year. Revenue for the quarter totalled $521.5 million, up from $312.5 million. On an adjusted basis, Mullen Group says it earned $44.1 million or 47 cents per share in its most recent quarter, up from an adjusted profit of $19.9 million or 21 cents per share a year ago.
This report by The Canadian Press was first published July 21, 2022.
The Canadian Press
