TORONTO — Some of the most active companies traded Tuesday on the Toronto Stock Exchange:
Toronto Stock Exchange (16,497.01, down 108.49 points)
Toronto-Dominion Bank. (TSX:TD). Financial Services. Up $1.21, or 1.95 per cent, to $63.21 on 9.94 million shares.
Suncor Energy Inc. (TSX:SU). Energy. Up two cents, or 0.09 per cent, to $22.62 on 9.84 million shares.
Barrick Gold Corp. (TSX:ABX). Basic Materials. Down $3.45, or nine per cent, to $34.87 on 9.31 million shares.
Baytex Energy Corp. (TSX:BTE). Energy. Up two cents, or 2.86 per cent, to $0.72 on 8.78 million shares.
Kinross Gold Corp. (TSX:K). Basic Materials. Down $1.15, or 9.21 per cent, to $11.33 on 8.35 million shares.
Canadian Natural Resources Ltd. (TSX:CNQ). Energy. Up 18 cents, or 0.66 per cent, to $27.29 on 7.23 million shares.
Companies in the news:
Air Canada. (TSX:AC). Up 46 cents, or 2.83 per cent, to $16.69. Air Canada is revamping its Aeroplan loyalty program in an effort to make it easier to use. The airline says it will be an simple transition for Aeroplan members who will maintain the same account number, but go from earning miles to earning points in the new plan starting Nov. 8. All Aeroplan miles will automatically be honoured under the new program on a one-to-one basis. Among the other changes, additional airline surcharges, including fuel surcharges, on all flight rewards with Air Canada will be eliminated.
Hydro One Ltd. (TSX:H). Up 18 cents, or nearly 0.65 per cent, to $28.04. Hydro One Ltd. reported a second-quarter profit of $1.1 billion, boosted by a one-time gain related to a court decision. The power utility says it saw a one-time gain of $867 million in the quarter due to an Ontario court ruling on a deferred tax asset appeal that set aside an Ontario Energy Board decision. Hydro One says the profit amounted to $1.84 per share for the quarter ended June 30, up from $155 million or 26 cents per share a year earlier. On an adjusted basis, it says it earned 39 cents per share for the quarter, up from an adjusted profit of 26 cents per share in the same quarter last year.
Canada Goose Holdings Inc. (TSX:GOOS). Down $1.88, or nearly 5.67 per cent, to $31.28. Canada Goose Holdings Inc. reports its first-quarter loss nearly doubled to $50.1 million as revenue plunged 63 per cent from a year earlier due to the COVID-19 pandemic. Revenue for the Toronto-based luxury parka company dropped to $26.1 million in the quarter ended June 28, a seasonally slow period that coincided this year with widespread pandemic-related closures. Revenue in the same quarter a year ago totalled $71.1 million. The loss amounted to 46 cents per share and compared with a year-earlier loss of $29.4 million or 27 cents per share. On an adjusted basis, Canada Goose says it lost $38.4 million or 35 cents per share compared with an adjusted loss of $22.8 million or 21 cents per share a year ago.
AirBoss of America Corp. (TSX:BOS) Down 97 cents, or nearly 4.22 per cent, to $22.03. AirBoss of America Corp. says it expects to build on its recent success from supplying tens of thousands of respirators and related products ordered by U.S. government agencies in response to COVID-19. AirBoss president Chris Bitsakaki told analysts Tuesday that two back-to-back U.S. government contracts will be a strong financial driver for the Ontario-based company for the rest of 2020 and into 2021.
This report by The Canadian Press was first published Aug. 11, 2020.
The Canadian Press