The most actively traded companies on the Toronto Stock Exchange

TORONTO – Some of the most active companies that traded on the Toronto Stock Exchange on Thursday were:

Toronto Stock Exchange (20,919.64, down 49.54 points):

Enbridge Inc. (TSX:ENB). Energy. It fell 15 cents, or 0.32 percent, to $46.20 on 10.3 million shares.

BCE Inc. (TSX:BCE). Telecommunications. It fell $1.99, or 3.75 percent, to 51.08 on 6.5 million shares.

Suncor Energy Inc. (TSX:SU). Energy. It rose 14 cents, or 0.32 percent, to $43.39 on 6.2 million shares.

MEG Energy Corp. (TSX:MEG). Energy. It rose 56 cents, or 2.37 percent, to 24.19 on six million shares.

Telus Corp. (TSX:T). Telecommunications. It fell 55 cents, or $2.34, to $22.96 on 5.6 million shares.

Manulife Financial Corp. (TSX:MFC). It fell 16 cents, or 0.53 percent, to $30.25 on 5.6 million shares.

Companies in the News:

BCE Inc. It is selling 45 of its 103 regional radio stations as it cuts nine percent of its workforce, including journalists and other workers at its Bell Media subsidiary. The affected stations are located in British Columbia, Ontario, Quebec and Atlantic Canada. The company announced Thursday that 4,800 jobs would be cut “at all levels of the company” in an open letter signed by Chief Executive Mirko Bibic.

Lightspeed Commerce Inc. (TSX:LSPD). Down $6.43, or 24.4 percent, to $19.90. The company reported a loss of $40.2 million in the latest quarter as its revenue rose 27 percent from a year earlier. The Montreal-based e-commerce technology company, which keeps its books in US dollars, said its loss was 26 cents per diluted share for the quarter ended Dec. 31.

Fairfax Financial Holdings Ltd.(TSX:FFH). The short-seller fell $166.85, or 11.9 percent, to $1,237.55 after the company said it was managing assets. In the report, Muddy Waters Research, which is short Fairfax, said it believes a conservative adjustment to the company's book value should be 18 percent lower than reported.

Bombardier Inc. (BBD.B) was down $7.66, or 14.7%, at $44.45. Shares of Bombardier Inc rose last year after the business jet maker beat forecasts despite a jump in aircraft deliveries and profit. While lower than analysts had expected, the company's forecast still came in well ahead of 2023 revenue and delivery numbers amid supply chain tensions and lower global demand for business jets.

Cineplex Inc. (TSX:CGX). It fell 56 cents, or 6.8 percent, to $7.67. Cineplex Inc reported a fourth-quarter loss of $9 million on Thursday, compared with a profit of $10.2 million a year ago. The quarter that ended Dec. 31 included a typically busy period for movie viewing, as the Oscars are usually announced in the second half of the year, but the entertainment business faced several unique factors last year, including a lengthy Hollywood strike that threatened movie release schedules. .

This report by The Canadian Press was first published on February 8, 2024.

Canadian Press