TORONTO 鈥� Some of the most active companies traded Tuesday on the Toronto Stock Exchange:
Toronto Stock Exchange (20,275.54, down 239.26):
Suncor Energy Inc. (TSX:SU). Energy. Down 77 cents, or 1.61 per cent, to $47.06 on 15.7 million shares.
Manulife Financial Corp. (TSX:MFC). Financials. Down 18 cents, or 0.66 per cent, to $27.11 on 8.3 million shares.
Canadian Natural Resources Ltd. (TSX:CNQ). Energy. Down $1.79, or 2.21 per cent, to $79.39 on 7.3 million shares.
Toronto-Dominion Bank (TSX:TD). Financials. Down $1.50, or 1.69 per cent, to $87.27 on 6.8 million shares.
Athabasca Oil Corp. (TSX:ATH). Energy. Down 14 cents, or 4.26 per cent, to $3.15 on 6.8 million shares.
TC Energy Corp. (TSX:TRP). Energy. Down 23 cents, or 0.41 per cent, to $55.90 on 6.4 million shares.
Companies in the news:
Pet Valu Holdings Ltd. (TSX:PET). Down $1.44, or 3.61 per cent, to $38.46. Canadian pet food and supplies retailer Pet Valu Holdings Ltd. offered an ambitious outlook for 2023 on Tuesday, saying it expects to grow revenue, increase sales and expand its share of the lucrative pet industry market this year. The forecast, part of its latest earnings release, includes projected revenue of more than a billion dollars driven by anticipated same-store sales growth of up to 10 per cent. The company also plans to open between 40 and 50 new stores this year.聽
Corus Entertainment Inc. (TSX:CJR.B). Down two cents, or 1.04 per cent, to $1.90. Television and radio company Corus Entertainment Inc. is cutting its quarterly dividend and revising its dividend payment schedule. Corus executive chair Heather Shaw said the money that would have gone to dividends is expected to be directed to debt repayment. The company said it will now pay a quarterly dividend of three cents per class B non-voting share and 2.875 cents per class A share. The payout compares with its previous quarterly dividend rate of six cents per class B share and 5.875 cents per class A share.
Ritchie Bros. Auctioneers Inc. (TSX:RBA). Down 17 cents, or 0.21 per cent, to $82.72. Proxy advisory firm Egan-Jones is recommending shareholders of Ritchie Bros. Auctioneers Inc. support the company's deal to buy U.S. automotive salvage company IAA Inc. In its assessment, the firm said the advantages of the deal outweigh the benefits of remaining as a stand-alone company and that the merger sets a realistic approach to shareholder value creation and maximization in the long-run. The recommendation comes ahead of shareholder votes at Ritchie Bros. and IAA set for March 14. Several Ritchie Bros. shareholders have expressed concerns about the deal and announced plans to vote against the agreement, which requires approval by shareholders of both companies.聽
This report by The Canadian Press was first published March 7, 2023.
The Canadian Press
