TORONTO — Some of the most active companies traded Friday on the Toronto Stock Exchange:
Toronto Stock Exchange (20,311.78, up 81.38 points.)
Suncor Energy Inc. (TSX:SU). Energy. Down 33 cents or 1.37 per cent, to $24.56 on 7.9 million shares.
Tamarack Valley Energy Ltd. (TSX:TVE). Energy. Up 12 cent or 4.67 per cent, to $2.69 on 6.7 million shares.
Toronto-Dominion Bank. (TSX:TD) Financials. Down 75 cents or 0.89 per cent, to $82.95 on 5.6 million shares
Denison Mines Corp. (TSX:DML) Materials. Down 8 cents or 5.6 per cent, to $1.35 on 5.6 million shares.
Enbridge Inc. (TSX:ENB). Energy. Down 27 cents or 0.55 per cent, to $49.18 on 5.5 million shares.
Bank of Montreal. (TSX:BMO). Financials. Down $2.61 or 2.07 per cent, to $49.18 on 5.3 million shares.
Companies in the news:
Canfor Corp.. (TSX:CFP) Down 37 cents or 1.51 per cent, to $24.09 — Canfor Corp. is reporting a large year-over-year increase in net income in its latest quarter as surging lumber prices helped revenues more than double to a record high. The Vancouver-based company says it earned a record $726.9 million or $5.81 per share in its second quarter. That's up from $60.7 million or 48 cents per share a year earlier and $427.8 million or $3.42 per share in the first quarter. Adjusted profit growth was equally strong, rising to $721.2 million or $5.76 per share, from $68.9 million or 55 cents per share in the second quarter of 2020 and $434.2 million or $3.47 per share in the prior quarter. Revenues for the three months ended June 30 reached nearly $2.5 billion, up from $1.12 billion in the prior year and $1.94 billion in the first quarter. Canfor was expected to report $5.27 per share in adjusted profits on $2.28 billion of revenues, according to financial data firm Refinitiv.
Imperial Oil Ltd. (TSX:IMO). Up 69 cents or 1.98 per cent, to $34.18 — Imperial Oil Ltd. says it earned $366 million in the second quarter and boosted production to its highest level in 25 years for the same period. The Calgary-based company says it earned 50 cents per share in the three months ended June 30, compared with a net loss of $526 million or 72 cents per share in the same period of 2020. However, its second quarter earnings declined from the first quarter of 2021, when it earned $758 million. Its cash flow from operating activities in the second quarter was $852 million, down from $1.05 billion in the first quarter of 2021. Imperial attributed the decrease to significant planned turnaround activity, weaker downstream margins and foreign exchange rates. The company says production for the second quarter averaged 401,000 boe per day, the highest second quarter production in more than 25 years. It says its Kearl oilsands mine in northern Alberta completed a major planned turnaround in the quarter and also established a new single-month production record of 311,000 boe per day in June.
This report by The Canadian Press was first published July 30, 2021.
The Canadian Press