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Most actively traded companies on the Toronto Stock Exchange

Canadian Press - Tue May 10, 2022

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

Toronto Stock Exchange (19,890.06, down 109.63 points.)

Enbridge Inc. (TSX:ENB). Energy. Down 53 cents, or 0.94 per cent, to $55.92 on 33.5 million shares.

Cenovus Energy Inc. (TSX:CVE). Energy. Up 33 cents, or 1.36 per cent, to $24.69 on 15 million shares.

Suncor Energy Inc. (TSX:SU). Energy. Down 57 cents, or 1.26 per cent, to $44.71 on 12.77 million shares.

Athabasca Oil Corp. (TSX:ATH). Energy. Up 11 cents, or 4.83 per cent, to $2.39 on 8.84 million shares.

ARC Resources Ltd. (TSX:ARX). Energy. Down 22 cents, or 1.38 per cent, to $15.73 on 7.34 million shares.

Baytex Energy Corp. (TSX: BTE). Energy. Up two cents, or 0.33 per cent, to $6.09 on 7.27 million shares.

Companies in the news:

Bausch Health Companies Inc.(TSX:BHC). Down $4.55, or 27.12 per cent, to $12.23.The company's stock plummeted by a quarter Tuesday morning after the company missed earnings expectations and lowered its outlook for the year. The company, which keeps its books in U.S. dollars, notched down its guidance to between US$8.25 billion and US$8.4 billion in revenue for 2022 from US$8.4 billion and US$8.6 billion previously.

Ritchie Bros. Auctioneers Inc. (TSX:RBA). Up $8.10, or 12.22 per cent, to $74.41. Ritchie Bros. Auctioneers Inc. said its revenues rose in the first quarter compared with a year ago even though the company is struggling to secure used equipment to sell. The Vancouver-based auctioneer, which reports in U.S. dollars, says it had revenue of US$393.9 million in the quarter ending March 31, up 19 per cent from the $331.6 million a year earlier.

Suncor Energy Inc. — Suncor Energy Inc.now has strong first-quarter earnings in its arsenal and a publicized plan to improve worker safety, but some observers say that won't be enough for the Calgary-based oil giant to fend off an aggressive activist investor. Speaking publicly Tuesday for the first time since U.S.-based Elliott Investment Management called for changes to the company's leadership as well as the possible sale of the Petro-Canada retail chain, CEO Mark Little said Suncor is on the right track. Little touted Suncor's profits of $2.95 billion in the first quarter — up from $821 million in the same period of 2021 — as well as the highest quarterly cash flow in the company's history as proof.

RioCan Real Estate Investment Trust (TSX:REI.UN). Down 84 cents, or 3.85 per cent, to $20.99. The company says it's seeing strong demand for retail space, even as companies work to recover from the effects of COVID-19 and cope with rising inflation. Jonathan Gitlin, the real estate company's chief executive officer, said Tuesday that the demand is stemming from a lack of new and well-positioned retail space built over the last decade, and is coupled with retailers who have evolved their thinking during the pandemic. The trust reported a first-quarter profit of $160.1 million, up from $106.7 million a year ago. The trust said the profit amounted to 52 cents per diluted unit for the quarter, up from 34 cents per diluted unit a year earlier. Revenue totalled $294 million, up from $276.8 million in the same quarter last year.

Pet Valu Holdings Ltd.(TSX:PET). Up $1.85, or 5.92 per cent, to $33.10. Pet Valu Holdings Ltd. reported first-quarter profit of $22.6 million, up from $3.4 million a year ago, and raised its full-year revenue outlook. The pet supplies retailer said the profit amounted to 32 cents per diluted share for the quarter ended April 2, up from three cents per diluted share a year earlier. Revenue totalled $213.3 million, up from $170.1 million in the same quarter last year. Same-store sales growth was 22.8 per cent for the quarter driven by an 18.4 per cent increase in same-store transactions and a 3.7 per cent increase in same-store average spend per transaction.

This report by The Canadian Press was first published May 10, 2022.

Provided Content: Content provided by Canadian Press. The Globe and Mail was not involved, and material was not reviewed prior to publication.

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