TORONTO — Some of the most active companies traded Monday on the Toronto Stock Exchange:
Toronto Stock Exchange (20,242.26, down 243.40 points):
Suncor Energy Inc. (TSX:SU). Energy. Down 77 cents, or 1.8 per cent, to $42.23 on 24.2 million shares.
Barrick Gold Corp. (TSX:ABX). Materials. Down 38 cents, or 1.7 per cent, to $22.48 on 14.4 million shares.
Great-West Lifeco Inc. (TSX:GWO). Financials. Down 47 cents, or 1.5 per cent, to $31.46 on 13.8 million shares.
Enbridge Inc. (TSX:ENB). Energy. Down 43 cents, or 0.8 per cent, to $54.26 on 11.6 million shares.
Canopy Growth Corp. (TSX:WEED). Health care. Up 10 cents, or 1.7 per cent, to $5.86 on 7.8 million shares.
Bank of Nova Scotia (TSX:BNS). Financials. Down 99 cents, or 1.4 per cent, to $67.95 on 7.8 million shares.
Companies in the news:
AltaGas Ltd. (TSX:ALA). Up $1.04, or 4.56 per cent, to $23.86. AltaGas Ltd. says it is raising its dividend by six per cent. The energy infrastructure company says it will pay a quarterly dividend of 28 cents per share, up from 26.5 cents per share. The increased payment to shareholders came as AltaGas says it expects normalized earnings per share of $1.85 to $2.05 in 2023. The result was forecast along with expectations for normalized earnings before interest, taxes, depreciation and amortization of $1.5 billion to $1.6 billion next year.
Enbridge Inc. — The outgoing CEO of Enbridge Inc. says he doesn't think Canada will reach peak oil production within the next two decades. Al Monaco says the energy transition is underway, but the war in Ukraine has showed the world must continue to invest in fossil fuels or risk jeopardizing energy security. Monaco is set to retire from Enbridge Jan. 1 after a decade at the helm of the Canadian pipeline giant. Under his tenure, the company has invested in wind and solar, hydrogen and liquefied natural gas.
This report by The Canadian Press was first published Dec. 5, 2022.
The Canadian Press