TORONTO — Some of the most active companies traded Tuesday on the Toronto Stock Exchange:
Toronto Stock Exchange (20,365.85, up 78.05 points.)
Enbridge Inc. (TSX:ENB). Energy. Up 27 cents or 0.55 per cent, to $49.45 on nearly 8 million shares.
Bank of Montreal. (TSX:BMO). Financials. Up 73 cents or 0.60 per cent, to $124.26 on 7.2 million shares.
Suncor Energy Inc. (TSX:SU). Energy. Up 19 cents or 0.77 per cent, to $24.75 on nearly 6.4 million shares.
Tamarack Valley Energy Ltd. (TSX:TVE). Energy. Up 2 cents or 0.74 per cent, to $2.71 on 5.8 million shares.
Crescent Point Energy Corp. (TSX:CPG). Energy. Up 25 cents or 5.5 per cent, to $4.81 on 5.7 million shares.
Baytex Energy Corp. (TSX:BTE). Energy. Up 8 cents or 3.76 per cent, to $2.21 on 5.2 million shares.
Companies in the news:
Bausch Health Companies Inc (TSX:BHC) Down 3.37 cents or 9.23 per cent to 33.13. Bausch Health Companies Inc. says it plans to pursue an initial public offering of its medical aesthetics business as part of structural changes to unlock the pharmaceutical company's value. The Quebec-based company says the IPO of Solta Medical, which had 2020 revenues of US$253 million, should take place in the fourth quarter or first half of 2022, depending on market conditions.The announcement came as Bausch reported deeper net losses in its latest quarter despite a 26 per cent increase in revenues. Bausch says its net loss attributable to shareholders was US$595 million or US$1.66 per diluted share in the second quarter, compared with a loss of US$326 million or 92 cents per share a year earlier. Excluding one-time items such as legal settlement costs, the adjusted net profit more than doubled to US$352 million from US$165 million in the second quarter of 2020.
Canadian National Railway. (TSX:CNR). Down 40 cents or 0.30 per cent to $135.16. Canada's two largest railways say they are unlikely to repeat the record grain shipments they posted in 2020 due to unfavourable weather conditions over the summer. Canadian National Railway Co. moved 31 million tonnes as of the end of July, beating the previous record of 29.4 million tonnes a year earlier. That's above its forecast for the year and 2.9 million tonnes more than the three-year average. Calgary-based Canadian Pacific Railway Ltd. says it moved 31.2 million tonnes, up from 29.52 million tonnes during the 2019-2020 crop year. The railways say record high temperatures and drought in Western Canada have stressed crops and could have a negative impact on this year's yields if conditions persist. Shipper demand through May, June and July was down almost 15 per cent below the same period a year earlier, and 25 per cent below the fall peak, said CP.
This report by The Canadian Press was first published August 3, 2021