TORONTO — Some of the most active companies traded Tuesday on the Toronto Stock Exchange:
Toronto Stock Exchange (20,491.01, up 284.60 points.)
Manulife Financial Corp. (TSX:MFC). Financials. Up 54 cents, or 2.4 per cent, to $23.04 on 25.7 million shares.
Enbridge Inc. (TSX:ENB). Energy. Up 30 cents, or 0.5 per cent, to $57.54 on 20.4 million shares.
Suncor Energy Inc. (TSX:SU). Energy. Up 94 cents, or two per cent, to $49.12 on 8.4 million shares.
Athabasca Oil Corp. (TSX:ATH). Energy. Down three cents, or 1.2 per cent, to $2.43 on 7.8 million shares.
Crescent Point Energy Corp. (TSX:CPG). Energy. Up 22 cents, or 2.3 per cent, to $9.81 on 7.5 million shares.
Cenovus Energy Inc. (TSX:CVE). Energy. Up 50 cents, or 1.9 per cent, to $27.01 on 5.8 million shares.
Companies in the news:
Telus Corp. (TSX:T). Down 10 cents to $31.75. Telus Corp. says it will invest $17.5 billion in British Columbia and $17 billion in Alberta and create thousands of new jobs in these provinces over the next four years as it looks to expand its wireless networks. Canada's third-largest telecom company saysthe investments will be in network infrastructure, operations and spectrum, and will help deliver 5G to remote communities. The company expects 5,500 new jobs to be added across British Columbia and 8,500 new positions to be generated across Alberta, primarily in construction, engineering and emerging technologies. Telus says the money is part of its commitment to invest $70 billion across Canada by 2026. Telus says the investments are consistent with the company's capital expenditure guidance for 2022, released in the fourth quarter of 2021 earnings.
Trevali Mining Corp. (TSX:TV). Up two cents or 3.2 per cent to 65 cents. Trevali Mining Corp. says none of the eight workers missing since the Perkoa Mine in Burkina Faso flooded a month ago were able to reach an underground refuge chamber. The company says rescue workers, who have been working 24 hours a day to dewater the mine, reached the refuge 570 metres below ground but found it intact with no one inside. Trevali CEO Ricus Grimbeek called it devastating news. The company says search crews will continue to work at maximum capacity until the missing individuals are recovered. There has been no communication with the eight missing workers since the mine was flooded after heavy rainfall in the region on April 16. The company has said it is working closely with authorities as it investigates the cause of the flooding.
Restaurant Brands International (TSX:QSR). Up 21 cents to $66.71. A match made in marketing heaven between Tim Hortons and Justin Bieber is back with a new French vanilla-flavoured chilled coffee. Biebs Brew is the pop star's rendition of the coffee chain's cold brew coffee launched last year. Tim Hortons said the beverage is inspired by his "slight sweet tooth" and "love for hints of delicious vanilla flavouring in his coffee." The coffee is cold steeped for 16 hours to enhance the flavour, while the French vanilla syrup gives it a sweet and creamy taste, the company said. Biebs Brew will be released next month alongside a limited-edition, stainless steel tumbler co-created by the Canadian performer. Avni Shah, assistant professor of marketing at the University of Toronto's Rotman School of Management, said collaborations with celebrities with large social media followers are more efficient and productive than traditional advertising. The latest product collaboration comes after the meteoric success of the first phase of the celebrity endorsement deal last November.
This report by The Canadian Press was first published May 17, 2022.
The Canadian Press