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Most actively traded companies on the Toronto Stock Exchange

Canadian Press - Thu Sep 2, 2021

TORONTO — Some of the most active companies traded Thursday on the Toronto Stock Exchange:

Toronto Stock Exchange (20,795.12, up 105.54 points.)

Suncor Energy Inc. (TSX:SU). Energy. Up 43 cents, or 1.85 per cent, to $23.71 on 14.2 million shares.

Bombardier Inc. (TSX:BBD.B). Industrials. Down four cents, or 2.05 per cent, to $1.91 on 9.3 million shares.

Baytex Energy Corp. (TSX:BTE). Energy. Up 17 cents, or 7.94 per cent, to $2.31 on 6.5 million shares.

Orea Mining Corp. (TSX:OREA). Materials. Up 4.5 cents, or 27.27 per cent, to 21 cents on 6.5 million shares.

NexGen Energy Ltd. (TSX:NXE). Energy. Up 58 cents, or 9.33 per cent, to $6.80 on 6.4 million shares.

Cenovus Energy Inc. (TSX:CVE). Energy. Up 62 cents, or 5.91 per cent, to $11.11 on 5.7 million shares.

Companies in the news:

Canadian Imperial Bank of Commerce. (TSX:CM). Up 50 cents to $145.70. CIBC has signed a deal to acquire the Canadian Costco credit card portfolio and become the exclusive issuer of Costco Mastercards in Canada as part of a push to diversify its card portfolio. The bank did not disclose financial terms, but said that the portfolio includes millions of credit cards with more than $3 billion in outstanding balances. The deal will help CIBC expand its non-travel-focused cards and opens the potential to draw Costco card holders to other CIBC products, said Laura Dottori-Attanasio, the bank's head of personal and business banking, in a statement Thursday. The bank says existing Capital One Costco Mastercard cardholders can continue to use their current card until they receive their new CIBC Costco Mastercard, expected early next year. The bank said it will announce details on card rewards in the coming months. The new CIBC Costco Mastercard will offer rewards for shopping at the more than 100 Canadian Costco warehouses and Costco.ca as well as serve as a Costco membership card. The deal adds a Mastercard offering to CIBC's portfolio of Visa cards, including its Aventura and Aeroplan travel rewards card and its Dividend cash back cards.

Royal Bank of Canada. (TSX:RY). Up 16 cents to $129.65. Oxford Properties and co-investor CPP Investments are exploring the sale of Royal Bank Plaza in Toronto. The property management company says it has hired RBC Capital Markets and CBRE to pursue a potential sale of the plaza located at 200 Bay St. Randy Hoffman, senior vice-president of Oxford's Canadian business, says his company is exploring the sale because it wants to capitalize on demand for well-leased and located offices and continue to diversify its holdings. Oxford has owned the plaza since 1999 and in 2005, CPP Investments became a co-investor. Oxford says the plaza includes more than 139,354 square metres of space across two towers and a retail concourse. Oxford says Royal Bank of Canada leases 40 per cent of the space.

BRP Inc. (TSX:DOO). Up $11.84 or 11.1 per cent to $118.17. BRP Inc. reported a second-quarter profit of $212.9 million, up from $126.1 million a year ago, and raised its profit guidance for the year. The maker of Ski-Doos and Sea-Doos says it earned $2.46 per diluted share for the quarter ended July 31, up from $1.43 per diluted share in the same quarter last year. Revenue totalled $1.9 billion, up from $1.2 billion. On a normalized basis, BRP says it earned $2.89 per diluted share in its latest quarter, up from a normalized profit of $1.14 per diluted share a year ago. In its outlook, BRP says it now expects its normalized earnings per share for the full year to be between $8.25 and $9.75, up from its earlier guidance for between $7.75 and $8.50. The company also updated its revenue guidance to forecast an overall increase between 27 and 35 per cent compared with its earlier expectation for a gain of between 28 and 33 per cent.

This report by The Canadian Press was first published Sept. 2, 2021.