TORONTO — Some of the most active companies traded Friday on the Toronto Stock Exchange:
Toronto Stock Exchange (20,518.07, down 2.53 points.)
Enbridge Inc. (TSX:ENB). Energy. Down two cents, or 0.04 per cent, to $49.05 on 14.6 million shares.
Manulife Financial Corp. (TSX:MFC). Financials. Down 14 cents, or 0.55 per cent, to $25.46 on nearly 13 million shares.
Green Organic Dutchman Holdings Ltd. (TSX:TGOD). Health care. Down 2.5 cents, or 8.2 per cent, to 28 cents on 7.4 million shares.
Suncor Energy Inc. (TSX:SU). Energy. Down 42 cents or 1.72 per cent, to $24.02 on 5.5 million shares.
Fortis Inc. (TSX:FTS). Utilities. Up 34 cents or 0.59 per cent, to $58.21 on four million shares.
Cenovus Energy Inc. (TSX:CVE). Energy. Down 26 cents, or 2.46 per cent, to $10.29 on four million shares.
Companies in the news:
Canadian National Railway Co. (TSX:CNR). Down $1.06 cents, or 0.78 per cent, to $134.50. Kansas City Southern has reaffirmed its support for Canadian National Railway Co.'s takeover bid, but said it may delay a shareholder vote on the deal next week if a U.S. regulator doesn't rule on a key voting trust soon. The railway said if the U.S. Surface Transportation Board does not release its decision on the voting trust by Aug. 17, then it would push the vote scheduled for Aug. 19 to a later date to give shareholders time to consider the decision. Proxy advisory firms Glass Lewis and Institutional Shareholder Services Inc. have also recommended that shareholders abstain from voting until they know the outcome of the trust decision. The trust would allow KCS to remain independent while a full review of the transaction is conducted, but allow shareholders to be paid without having to wait for a final decision on the deal. The Surface Transportation Board, which regulates the U.S. rail industry, has said it will make a decision on whether to allow CN to use the trust by the end of August.
Indigo Books and Music Inc. (TSX:IDG). Down 17 cents or 4.16 per cent, to $3.92. Canada's biggest bookstore chain is seeing rising sales thanks in part to an online community of TikTok users sharing videos reviewing and recommending books. The viral videos with the hashtag #BookTok have attracted billions of views and are driving demand for books — often older, backlisted titles — benefiting book retailers and the publishing industry at large. For Toronto-based Indigo Books and Music Inc., the #BookTok effect has ushered in a fresh sales boost after more than a year of grappling with pandemic restrictions and store closures. The book and lifestyle retailer reported higher revenue and lower losses for its first quarter compared with the same period last year. Craig Loudon, Indigo's chief financial officer, said the company's print business experienced strong demand, notably driven by a younger demographic and the impact of TikTok. Analysts on average had expected $3.85 billion in revenue and an adjusted profit of $2.88 per share, according to financial market data firm Refinitiv.
This report by The Canadian Press was first published Aug 13, 2021.
The Canadian Press
