TORONTO — Some of the most active companies traded Thursday on the Toronto Stock Exchange:
Toronto Stock Exchange (20,630.69, down 50.14):
Cenovus Energy Inc. (TSX:CVE). Energy. Down one cent, or 0.04 per cent, to $23.90 on 6.8 million shares.
Enbridge Inc. (TSX:ENB). Energy. Down 45 cents, or 0.84 per cent, to $53.07 on 6.6 million shares.
Suncor Energy Inc. (TSX:SU). Energy. Down 31 cents, or 0.75 per cent, to $41.24 on six million shares.
Shopify Inc. (TSX:SHOP). Technology. Down $1.46, or 2.2 per cent, to $64.55 on six million shares.
Manulife Financial Corporation. (TSX:MFC). Financials. Down five cents, or 0.2 per cent, to $26.17 on 4.8 million shares.
TC Energy Corporation. (TSX:TRP). Energy. Unchanged at $56.04 on 4.7 million shares.
Companies in the news:
Parkland Corporation.(TSX:PKI). Consumer Cyclical. Down 21 cents, or 0.66 per cent, to $31.70. A U.S. activist investor that has been pushing Parkland Fuel Corp. to consider selling or spinning off its Burnaby, B.C. refinery said Thursday it will withhold support from all of Parkland Fuel Corp.'s incumbent directors at the company's upcoming annual meeting. New York-based Engine Capital LP, which owns about a two per cent stake in Parkland, said the Calgary-based fuel supplier and marketer has failed to address the concerns it raised in March. In a letter to the board at that time, Engine criticized the company for underperformance and urged it to consider getting rid of non-core assets to become a pure-play fuel marketer and retailer.
Teck Resources Ltd.(TSX:TECK.B). Basic Materials. Down $1.45, or 2.3 per cent, to $62.76. Sumitomo Metal Mining Co. Ltd., a key shareholder at Teck Resources Ltd., will vote in favour of the company's plan to separate its metals and steelmaking coal operations into two companies. The Japanese company said in a statement Thursday that it has built a trusted partnership with Teck in the mining business.
Bank of Montreal (TSX:BMO). Financials. Up seven cents, or 0.1 per cent, to $123.94. BMO says it has named Darrel Hackett as head of the bank's U.S. operations as the current lead Dave Casper is set to retire. The bank says that as of June 1, Hackett will be U.S. chief executive of BMO Financial Group, president and CEO of BMO Harris Bank N.A., and chief executive of the bank's U.S. holding company BMO Financial Corp. Hackett will come into the role from his position as president of BMO Wealth Management in the U.S., while he has served in several leadership positions since joining the bank in 2004.
This report by The Canadian Press was first published April 20, 2023.
The Canadian Press
