TORONTO — Some of the most active companies traded Tuesday on the Toronto Stock Exchange:
Toronto Stock Exchange (20,495.74, up 58.32 points.)
Enbridge Inc. (TSX:ENB). Energy. Up 46 cents, or 0.93 per cent, to $49.84 on 21.4 million shares.
Manulife Financial Corp. (TSX:MFC). Financials. Down 11 cents, or 0.44 per cent, to $25.14 on 11.4 million shares.
Kinross Gold Corp. (TSX:K). Materials. Down 20 cents, or 2.64 per cent, to 7.37 cents, on six million shares.
Suncor Energy Inc. (TSX:SU). Energy. Up 56 cents, or 2.32 per cent, to $24.68 on 5.6 million shares.
Nevada Copper Corp. (TSX:NCU). Materials. Up half a cent, or 3.12 per cent, to 16 cents, on 5.5 million shares.
Bombardier Inc. (TSX:BBD.B). Industrials. Down a cent, or 0.58 per cent, to $1.72 on 4.9 million shares.
Companies in the news:
Canadian National Railway. (TSX:CNR). Down $1.47, or 1.08 per cent, to $134.43. The competition between Canada's two major railways for control of Kansas City Southern took another turn Tuesday as Canadian Pacific Railway Ltd. sweetened its takeover offer for the U.S. railway. The new bid worth US$31 billion falls short of Canadian National Railway Co.'s bid worth about US$33.6 billion, with both assuming about US$3.8 billion in Kansas City Southern debt, but CP Rail argues that its offer also comes with less risk for shareholders. CP Rail maintains that CN, whose larger network already stretches down to the U.S. Gulf Coast, has too much overlap on routes with KCS so a tie-up between the two would reduce competition, making regulator approval unlikely.
Centerra Gold Inc. (TSX:CG). Down 18 cents or 1.95 per cent, to $9.04. Centerra Gold Inc. reported a loss of US$851.7 million in its latest quarter as a result of a move by the Kyrgyz Republic to seize control of the company's Kumtor mine in the central Asian country in May. The Toronto-based company, which keeps its books in U.S. dollars, said Tuesday it recorded a US$926.4-million loss on the change of control of the Kumtor operations. The loss for the quarter ended June 30 amounted to US$2.87 per diluted share compared with a profit of US$80.7 million or 27 cents per share in the same quarter last year. Centerra CEO Scott Perry said the Kyrgyz Republic government seized control of the Kumtor mine based on false and misleading allegations.
This report by The Canadian Press was first published Aug 10, 2021.
The Canadian Press
