TORONTO — Some of the most active companies traded Friday on the Toronto Stock Exchange:
Toronto Stock Exchange (21,461.83, down 119.87 points.)
Suncor Energy Inc. (TSX:SU). Energy. Up three cents, or 0.1 per cent, to $40.49 on 14.1 million shares.
Canadian Natural Resources (TSX:CNQ). Energy. Up 71 cents, or 0.9 per cent, to $77.63 on 13.1 million shares.
Manulife Financial Corp. (TSX:MFC). Financials. Up 27 cents, or 1.1 per cent, to $25.27 on 12.9 million shares.
Enbridge Inc. (TSX:ENB). Energy. Down 11 cents, or 0.2 per cent, to $56.66 on 7.7 million shares.
Cenovus Energy Inc. (TSX:CVE). Energy. Up 13 cents, or 0.6 per cent, to $20.52 on 7.2 million shares.
BCE Inc. (TSX:BCE). Telecommunications. Up 99 cents, or 1.4 per cent, to $70.35 on 6.7 million shares.
Companies in the news:
Dorel Industries Inc. (TSX:DII.B). Down $1.75 or 14.9 per cent to $9.97. Worsening supply chain constraints and higher costs, especially for transportation, increased fourth-quarter and 2021 net losses at juvenile products and home furnishings manufacturer Dorel Industries Inc. The erratic supply chain has been a particular problem for Dorel Home. It resulted in substantial cost increases for warehousing, freight, labour and raw materials on imported and manufactured items. Container shortages have not improved and the Montreal-based company said the situation has hampered its ability to introduce new products. Increased freight costs are especially challenging for a furniture company, added chief financial officer Jeffrey Schwartz. The company said its net loss from continuing operations grew in the fourth quarter to US$29.6 million or 91 cents per diluted share, compared with a loss of US$13.3 million or 41 cents per share a year earlier. Reporting in U.S. dollars, its adjusted loss for the three months ended Dec. 30 amounted to US$12 million or 37 cents per diluted share, compared with an adjusted loss of US$9.8 million or 30 cents per share in the fourth quarter of 2020. Revenue slipped to US$435.3 million from US$439 million a year earlier.
CGI Inc. (TSX:GIB.A). Down $1.12 or 1.1 per cent to $102.75. CGI Inc. has announced a deal to expand its business in Europe with an agreement to buy Umanis, a French digital services company. The Montreal-based technology and business consulting firm says the transaction values Umanis at about 310 million euros (C$436 million). CGI chief executive George Schindler says the combination of CGI and Umanis will deepen the company's presence and positioning across western and southern Europe. Under the agreement, CGI France has the exclusive right to buy all of the shares held by Mura and Umanis chief executive Olivier Pouligny, representing a 70.6 per cent stake in the company at 17.15 euros per share in a block purchase. Subject to completion of the block purchase, CGI France intends to launch a mandatory tender offer to acquire the remaining shares of Umanis at the same price. CGI says the block purchase, which is subject to conditions, is expected to be completed and the offer filed with French regulators by the end of the second quarter of this year.
This report by The Canadian Press was first published March 11, 2022.
The Canadian Press
