TORONTO — Some of the most active companies traded Monday on the Toronto Stock Exchange:
Toronto Stock Exchange (21,235.50, down 36.35 points.)
Enbridge Inc. (TSX:ENB). Energy. Up 27 cents, or 0.5 per cent, to $54.99 on 17.9 million shares.
Cenovus Energy Inc. (TSX:CVE). Energy. Down 17 cents, or 0.9 per cent, to $19.56 on 11.1 million shares.
Suncor Energy Inc. (TSX:SU). Energy. Up nine cents, or 0.3 per cent, to $36.73 on 10.5 million shares.
Baytex Energy Corp. (TSX:BTE). Energy. Down 11 cents, or 2.1 per cent, to $5.11 on 6.8 million shares.
Manulife Financial Corp. (TSX:MFC). Financials. Up 10 cents, or 0.4 per cent, to $26.55 on 6.7 million shares.
Barrick Gold Corp. (TSX:ABX). Materials. Up 33 cents, or 1.3 per cent, to $24.79 on 6.7 million shares.
Companies in the news:
TFI International Inc. (TSX:TFII). Down $3.19 or 2.5 per cent to $122.30. TFI International Inc. says profit and revenue shot up in its latest quarter amid heightened demand for goods and materials during the COVID-19 pandemic. Canada's largest publicly traded trucking company is reporting that profits jumped by 67 per cent to US$144.1 million in the quarter ended Dec. 31 from US$86.3 million a year earlier. TFI, which reports in U.S. dollars, says revenue leapt 91 per cent to US$2.14 billion in the fourth quarter from US$1.12 billion during the same period in 2020. On an adjusted basis, the Montreal-based company says diluted earnings per share increased 60 per cent to $1.57 from 98 cents. The figure registered more than one-third above analyst expectations of $1.17 per share, according to financial data firm Refinitiv. While the trucking sector continues to face hurdles including a dire labour shortage, surging demand for consumer items, raw materials and manufacturing components has fuelled growth across the industry.
Westport Fuel Systems Inc. (TSX:WPRT). Up five cents or 2.1 per cent to $2.44. Cummins Inc. has signed a deal with Westport Fuel Systems Inc. to buy Westport's stake in a joint venture the companies shared and become the sole owner of the business. Under the agreement, Cummins will also buy Westport’s interest in the intellectual property of the joint venture, which was worked on natural gas engines, for US$20 million. Cummins and Westport have also agreed to assess Westport’s hydrogen high pressure direct injection system for potential use on CMI’s hydrogen applications. The Cummins Westport Inc. joint venture agreement ended on Dec. 31, 2021. It was focused on designing and engineering natural gas engines for use in commercial vehicles such as buses and trucks. Vancouver-based Westport makes natural gas, propane and hydrogen components and systems for the automotive industry.
This report by The Canadian Press was first published Feb. 7, 2022.
The Canadian Press
