TORONTO — Some of the most active companies traded Tuesday on the Toronto Stock Exchange:
Toronto Stock Exchange (19,990.17, down 252.09 points):
Suncor Energy Inc. (TSX:SU). Energy. Down $1.30, or 3.1 per cent, to $40.93 on 21.8 million shares.
Algonquin Power & Utilities Corp. (TSX:AQN). Utilities. Down 19 cents, or 1.9 per cent, to $9.86 on 9.2 million shares.
Canadian Natural Resources Ltd. (TSX:CNQ). Energy. Down $2.12, or 2.7 per cent, to $75.59 on 9.1 million shares.
Manulife Financial Corp. (TSX:MFC). Financials. Down five cents, or 0.2 per cent, to $24.16 on eight million shares.
TC Energy Corp. (TSX:TRP). Energy. Up 35 cents, or 0.6 per cent, to $58.09 on 6.9 million shares.
Cenovus Energy Inc. (TSX:CVE). Energy. Down 94 cents, or 3.6 per cent, to $25.14 on 6.8 million shares.
Companies in the news:
Cenovus Energy Inc. — Cenovus Energy Inc. will boost production in 2023 to meet what it believes will be continued strong global demand for oil in the year ahead. The Calgary-based oil and gas company released its 2023 budget Tuesday, saying it anticipates capital spending of between $4.0 billion and $4.5 billion in 2023. The company expects total upstream production of between 800,000 and 840,000 barrels of oil equivalent per day next year, a year-over-year increase of more than three per cent.
WSP Global Inc. (TSX:WSP). Down $1.52 or 0.9 per cent, to $160.17. WSP Global Inc. says it has signed a deal to buy BG Bonnard & Gardel Holding SA, a Swiss engineering consulting firm. Financial terms of the agreement were not immediately available. BG is based in Lausanne, Switzerland, and offers consulting, engineering and project management services in the infrastructure, building, water, environment and energy sectors.
Canfor Corp. (TSX:CFP). Down 37 cents, or 1.6 per cent, to $23.15. Canfor Corp. is temporarily reducing its Canadian production due to what it says are very weak market conditions. The Vancouver-based company says there will be curtailments at all of its solid wood facilities in B.C. and Alberta. It says the move will reduce production by about 150 million board feet in December and January. Canfor chief executive Don Kayne says the company will work to mitigate the effects on employees by providing support and identifying meaningful work during the downtime.
This report by The Canadian Press was first published Dec. 6, 2022.
The Canadian Press