TORONTO — Some of the most active companies traded Tuesday on the Toronto Stock Exchange:
Toronto Stock Exchange (21,170.01, down 77 points.)
Secure Energy Services Inc. (TSX:SES). Energy. Down 58 cents, or 9.08 per cent, to $5.81 on 10.9 million shares.
Suncor Energy Inc. (TSX:SU). Energy. Down $1.09, or 3.3 per cent, to $31.96 on 10.2 million shares.
Enbridge Inc. (TSX:ENB). Energy. Down 19 cents, or 0.36 per cent, to $52.24 on 7.8 million shares.
Harte Gold Corp. (TSX:HRT). Materials. Up half a cent, or 20 per cent, to three cents, on 7.4 million shares.
Air Canada. (TSX:AC). Industrials. Up $1.01, or 4.39 per cent, to $24.02 on 6.8 million shares.
Royal Bank of Canada. (TSX:RY). Financials. Up $1.39, or 1.08 per cent, to $130.69 on 5.4 million shares.
Companies in the news:
Air Canada — Air Canada has suspended more than 800 employees for not being fully vaccinated against COVID-19 in line with federal rules. The vast majority of Air Canada's 27,000 cabin crew, customer service agents and others have received both shots. The proportions align with those at WestJet Airlines Ltd., where fewer than four per cent of workers — less than 300 out of 7,300 — are unvaccinated, the company said in an email. Prime Minister Justin Trudeau announced last month that as of Oct. 30, Ottawa would require federally regulated air, rail and shipping companies to establish mandatory vaccination policies for employees. Air Canada sees hope on the horizon as revenues soared over 2020 levels last quarter amid stronger sales for winter, despite continuing to operate far below pre-pandemic capacity and at a loss of hundreds of millions of dollars. Revenue nearly tripled year over year to $2.1 billion in the quarter ended Sept. 30, beating expectations by more than 15 per cent, according to according to financial markets data firm Refinitiv. Capacity also increased by 87 per cent. But revenue fell more than 60 per cent short of Air Canada's third-quarter figures in 2019 while capacity remained two-thirds below, as COVID-19 fallout continues to dent carriers' bottom lines.
Bausch Health Companies Inc. (TSX:BHC). Down $3.27 or 9.3 per cent to $32. Bausch Health Companies Inc. says the initial public offering of its esthetic medical device business could come as early as next month followed soon after by the IPO of its eyecare business. The Quebec-based company — which had previously announced the public offerings — says the Solta Medical IPO will come in December or January while Bausch + Lomb will follow about 30 days later, subject to market conditions and other necessary approvals. Bausch disclosed the timing as it reported a third-quarter profit of US$188 million or 52 cents per share, up from US$71 million or 20 cents per share a year earlier. Excluding one-time items such as proceeds from the sale of Amoun Pharmaceutical Co., its adjusted profit fell 11 per cent to US$417 million or US$1.16 per share, compared with US$469 million or US$1.32 per share in the third quarter of 2020. Revenue for the three months ended Sept. 30 fell about one per cent to US$2.11 billion, from US$2.14 billion. Bausch was expected on average to report an adjusted profit of US$1.04 per share on US$2.16 billion in revenue, according to financial data firm Refinitiv.
Thomson Reuters (TSX:TRI). Down 46 cents to $146.33. Thomson Reuters reported a loss in its latest quarter due to a drop in the value of its investment in the London Stock Exchange Group, but revenue climbed higher compared with a year ago. The company, which keeps its books in U.S. dollars, says it lost US$240 million or 49 cents per diluted share for the quarter ended Sept. 30, compared with a profit of US$241 million or 48 cents per diluted share a year ago. Revenue totalled US$1.53 billion, up from US$1.44 billion in the same quarter last year. On an adjusted basis, which excludes the change in value of the company's LSEG investment, as well as other adjustments, Thomson Reuters says it earned 46 cents per share for its most recent quarter compared with an adjusted profit of 39 cents per share a year earlier. Thomson Reuters also raised its full-year revenue guidance. The company says it now expects total company revenue to grow 4.5 to five per cent this year compared with earlier guidance for growth between four and 4.5 per cent.
This report by The Canadian Press was first published Nov. 2, 2021.
The Canadian Press
