TORONTO – Some of the most active companies traded Tuesday on the Toronto Stock Exchange:
Toronto Stock Exchange (20,629.55, down 2.03):
Enbridge Inc. (TSX:ENB). Energy. Down 46 cents, or 0.82 per cent, to $55.55 on 12.7 million shares.
Manulife Financial Corp. (TSX:MFC). Financials. Up 17 cents, or 0.67 per cent, to $25.74 on 7.3 million shares.
Shaw Communications Inc. (TSX:SJR.B). Telecom. Up $1.07, or 2.78 per cent, to $39.50 on 6.6 million shares.
Tourmaline Oil Corp. (TSX:TOU). Energy. Down $1.52, or 2.30 per cent, to $64.71 on 5.7 million shares.
Royal Bank of Canada (TSX:RY). Financials. Up 39 cents, or 0.29 per cent, to $135.12 on 5.4 million shares.
TC Energy Corp. (TSX:TRP). Energy. Down 75 cents, or 1.29 per cent, to $57.43 on 5.4 million shares.
Companies in the news:
Canadian National Railway Co. (TSX:CNR). Up 59 cents, or 0.36 per cent, to $165.91. Canadian National Railway Co. said it earned $1.42 billion in the three months ended Dec. 31, 2022, up from $1.2 billion in the fourth quarter of 2021. Montreal-based CN said its fourth-quarter earnings worked out to $2.10 per share, a 23 per cent increase year over year. The railway company reported fourth-quarter revenues of $4.54 billion, an increase of $789 million or 21 per cent. The railroad said the increase in revenue was mainly due to higher fuel surcharge revenue as a result of higher fuel prices, the positive translation impact of a weaker Canadian dollar, freight rate increases and higher volumes of Canadian grain. For the full year 2022, CN reported net income of $5.12 billion, up from $$.90 billion in 2021.
Rogers Communications Inc. (TSX:RCI.B). Up $1.90, or 2.94 per cent, to $66.49. The Federal Court of Appeal has dismissed the Competition Bureau’s effort to overturn a key approval of Rogers Communications Inc.’s takeover of Shaw Communications Inc. Court of Appeal Justice David Stratas said Tuesday the arguments by the bureau don’t meet the threshold of a palpable and overring error going to the core of the case that would be required to overturn the decision by the Competition Tribunal to approve the $26-billion deal.
This report by The Canadian Press was first published Jan. 24, 2023.