TORONTO — Some of the most active companies traded Wednesday on the Toronto Stock Exchange:
Toronto Stock Exchange (20,453.26, up 175.85 points):
BlackBerry Ltd. (TSX:BB). Technology. Down three cents, or 0.46 per cent, to $6.52 on 33.2 million shares.
Element Fleet Management Corp. (TSX:EFN). Industrials. Up 20 cents, or 1.06 per cent, to $19.06 on 27.7 million shares.
Argonaut Gold Inc. (TSX:AR). Materials. Down one cent, or 2.56 per cent, to 38 cents on 26.8 million shares.
Suncor Energy Inc. (TSX:SU). Energy. Down $1.20, or 2.64 per cent, to $44.23 on 23.9 million shares.
Bausch Health Companies Ltd. (TSX:BHC). Health care. Up 17 cents, or 1.84 per cent, to $9.43 on 18.5 million shares.
TC Energy Corp. (TSX:TRP). Energy. Down $1.66, or 2.71 per cent, to $59.60 on 13.9 million shares.
Companies in the news:
Guardian Capital Group Ltd. (TSX:GCG). Up $9.53, or 33.47 per cent, to $38.00. Desjardins Group has signed a deal to buy Guardian Capital Group Ltd.'s life insurance, mutual fund and investment distribution networks for $750 million. Desjardins Group chief executive Guy Cormier said the deal positions it as a leader in life insurance independent distribution in Canada and strengthens its distribution of retail investment products. Under the agreement, Desjardins will acquire IDC Worldsource Insurance Network Inc., mutual fund dealer Worldsource Financial Management Inc. and full-service investment dealer Worldsource Securities Inc.
Canopy Growth Corp. (TSX:WEED). Up 20 cents, or 4.29 per cent, to $4.86. Canopy Growth Corp. said it will be breaking out its Canadian cannabis operations into a stand-alone business unit and laying off 55 staff. Brenna Eller, the Smiths Falls, Ont., pot company's vice-president of communications, said the move is meant to help the company reach profitability.
BRP Inc. (TSX:DOO). Up $3.55, or 3.66 per cent, to $100.66. BRP Inc. reported its third-quarter profit and revenue rose compared with a year ago and raised guidance for its full year. The Ski-Doo and Sea-Doo maker said it earned $141.6 million or $1.76 per diluted share for the quarter ended Oct. 31, up from $127.7 million or $1.53 per diluted share in the same quarter last year. Revenue for the quarter totalled $2.71 billion, up from $1.59 billion a year earlier.
National Bank of Canada (TSX:NA). Down $2.49, or 2.53 per cent, to $95.93. National Bank of Canada raised its dividend as it reported its fourth-quarter profit fell four per cent compared with a year ago. The Montreal-based bank said Wednesday it will up its quarterly payment to shareholders by five cents to 97 cents per share. The increased payment came as National Bank said it earned $738 million or $2.08 per diluted share for the quarter ended Oct. 31, down from $769 million or $2.17 per diluted share in the same quarter last year. Revenue totalled $2.33 billion, up from $2.21 billion a year earlier.
Royal Bank of Canada (TSX:RY). Up one cent, or 0.01 per cent, to $133.78. Royal Bank of Canada raised its dividend as it reported a fourth-quarter profit of $3.88 billion compared with $3.89 billion in the same quarter last year. The bank said Wednesday it will now pay a quarterly dividend of $1.32 per share, an increase of four cents. The higher payment to shareholders came as RBC's profit amounted to $2.74 per diluted share for the quarter ended Oct. 31, up from $2.68 per diluted share in its fourth quarter last year when it had more shares outstanding. Revenue totalled $12.57 billion, up from $12.38 billion a year earlier.
This report by The Canadian Press was first published Nov. 30, 2022.
The Canadian Press