TORONTO 鈥� Some of the most active companies traded Wednesday on the Toronto Stock Exchange:
Toronto Stock Exchange (19,983.69, down 71.91):
Suncor Energy Inc. (TSX:SU). Energy. Up 70 cents, or 1.76 per cent, to $40.49 on 14.3 million shares.聽
Pembina Pipeline Corp. (TSX:PPL). Energy. Up 52 cents, or 1.21 per cent, to $43.56 on 7.6 million shares.聽
Canadian Natural Resources Ltd. (TSX:CNQ). Energy. Up 30 cents, or 0.40 per cent, to $75.19 on 7.2 million shares.聽
Manulife Financial Corp. (TXX:MFC). Finance. Up eight cents, or 0.31 per cent, to $25.92 on 7.1 million shares.聽
Enbridge Inc. (TSX:ENB). Energy. Up 16 cents, or 0.32 per cent, to $50.68 on 7.0 million shares.
Shopify Inc. (TSX:SHOP). Down $5.68, or 6.66 per cent, to $79.67 on 5.6 million shares.
Companies in the news:
Indigo Books and Music Inc. (TSX:IDG). Retail. Up 22 cents, or 11.28 per cent, to $2.17. Nearly half the board of Indigo Books and Music Inc. is stepping down 鈥� including founder and executive chair Heather Reisman 鈥� in a stunning announcement that saw one director allege poor leadership and treatment. Reisman, who built Indigo into sa国际传媒's biggest bookstore chain over a quarter-century, said she will retire this summer. More immediate is the resignation of four other directors, including Chika Stacy Oriuwa. Appointed to the board in 2020, Oriuwa stepped down "because of her loss of confidence in board leadership and because of mistreatment," Indigo said in a release Wednesday. The company provided no explanation for the departures of the three other directors. 聽
Dollarama Inc. (TSX:DOL). Retail. Up seven cents, or 0.08 per cent, to $82.93. Dollarama Inc. enjoyed a 21 per cent year-over-year jump in sales in its latest quarter as the discount retailer scooped up consumers seeking cheaper products amid high inflation. In the quarter ended April 30, the company said strong demand held up across the board, from consumables to seasonal items and general merchandise, resulting in a profit boost of 23 per cent from a year earlier. For same-store sales, the number of transactions grew nearly 16 per cent while purchase sizes also nudged up.
Shopify Inc. (TSX:SHOP). Down $5.68, or 6.66 per cent, to $79.67. Shopify Inc. said it wants to push back against the trend of companies filing hundreds of patent infringement lawsuits against businesses every year, and is waging a court battle to make its point. So-called patent trolls are often shell companies who own vast portfolios of patents, which they profit from by demanding license payments from businesses within the scope of the patents or pursuing court cases against firms they allege are patent infringers. Ottawa-based e-commerce software company Shopify said Wednesday that patent trolls often target small businesses and startups that can鈥檛 afford to fight or lose a legal battle, thus stifling innovation. The company said it is pursuing litigation that will identify who is funding patent trolls in cases lodged against the company.
This report by The Canadian Press was first published June 7,2023.
The Canadian Press
