TORONTO — Some of the most active companies traded Friday on the Toronto Stock Exchange:
Toronto Stock Exchange (16,594.07, up 110.91 points).
Pengrowth Energy Corp. (TSX:PGF). Energy. Down 15 cents, or 75 per cent, to five cents on 19.8 million shares.
Encana Corp. (TSX:ECA). Energy. Up 28 cents, or 5.43 per cent, to $5.44 on 14.1 million shares.
Bombardier Inc. (TSX:BBD.B). Industrials. Up 15 cents, or 9.04 per cent, to $1.81 on 11.7 million shares.
The Green Organic Dutchman Holdings. (TSX:TGOD). Health care. Up 11 cents, or 10.78 per cent to $1.13 on 5.4 million shares.
Baytex Energy Corp. (TSX:BTE). Energy. Up 12 cents, or 8.16 per cent, to $1.59 on 4.7 million shares.
Crescent Point Energy Corp. (TSX:CPG). Energy. Up 22 cents, or 4.57 per cent, to $5.03 on 4.7 million shares.
Companies in the news:
TC Energy Corp. (TSX:TRP). Up 79 cent or 1.2 per cent to $67.18. The CEO of TC Energy Corp. says the company is cleaning up and investigating the cause after an “unfortunate” Keystone pipeline leak in North Dakota spilled an estimated 1.45 million litres of oil earlier this week. North Dakota Gov. Doug Burgum has asked the company to review its inspection and monitoring in light of the spill, but Russ Girling defended TC Energy’s spill response on a conference call Friday to discuss its third-quarter results. TC Energy reported on Friday its net income came in at $739 million for the quarter ending Sept. 30, compared with $928 million for the same quarter a year earlier.
BMO Financial Group. (TSX:BMO). Up 43 cents to $97.93. BMO Financial Group says it plans to appoint BCE Inc. chief executive George Cope as chairman of the BMO board next year, after his retirement from the telecommunications company in January. The Toronto-based banking group says it intends to appoint the long-time telecom industry executive upon his re-election as an independent director at BMO’s annual meeting in March 2020. BMO chairman Robert Prichard will retire from the board at that time after 20 years as an independent director and as chairman since 2012.
Cameco Corp. (TSX:CCO). Up 33 cents or 2.8 per cent to $12.09. Uranium miner Cameco Corp. says it swung to a $13 million loss in the third quarter, as revenue dropped 38 per cent from the comparable period last year. The company says the loss for the quarter ending Sept. 30 worked out to three cents per share, compared with earnings of $28 million or seven cents per share for the same quarter last year. Cameco had an adjusted net loss of $2 million, or a penny per share, compared with earnings of $15 million or four cents per share last year. Revenue came in at $303 million, down from $488 million a year earlier.
Fortis Inc. (TSX:FTS). Down 45 cents to $54.27. Canadian utility company Fortis Inc. says it earned $278 million in the third quarter to stay roughly in line with a year earlier. Fortis says the earnings for the quarter ending Sept. 30 work out to 64 cents per share, compared with earnings of $276 million or 65 cents per share last year. Adjusted net earnings were $287 million, or 66 cents per share, compared with $277 million or 65 cents per share last year. Earnings per share were in line with analyst expectations according to financial markets data firm Refinitiv. In the quarter the company announced a five-year spending program of $18.3 billion, up by a billion dollars from the prior year’s plan, as Fortis looks to move to cleaner energy and strengthen its networks.
Pembina Pipeline Corp. (TSX:PPL). Down 13 cents to $46.24. Pembina Pipeline Corp. says it earned $370 million in the third quarter for an increase from a year earlier despite lower revenue. The Calgary-based pipeline company says the profit, which works out to 66 cents per share, was an increase from the $334 million or 60 cents per share it made in the same quarter a year earlier. Revenue came in at $1.7 billion for the quarter ending Sept. 30, down from $2.045 billion reported in the quarter a year earlier. Analysts had expected earnings of $314 million, or 60 cents per share, and revenue of $1.94 billion according to financial markets data firm Refinitiv.
This report by The Canadian Press was first published Nov. 1, 2019.
The Canadian Press