TORONTO — Some of the most active companies traded Wednesday on the Toronto Stock Exchange:
Toronto Stock Exchange (21,362.36, up 42.44 points.)
Enbridge Inc. (TSX:ENB). Energy. Up 60 cents, or 1.1 per cent, to $54.59 on 22.7 million shares.
Calibre Mining Corp. (TSX:CXB). Materials. Down seven cents, or 5.6 per cent, to $1.18 on 14.7 million shares.
Suncor Energy Inc. (TSX:SU). Energy. Up 52 cents, or 1.4 per cent, to $38.45 on 8.7 million shares.
B2Gold Corp. (TSX:BTO). Materials. Down five cents, or 1.1 per cent, to $4.61 on 7.6 million shares.
Athabasca Oil Corp. (TSX:ATH). Energy. Up two cents, or 1.6 per cent, to $1.30 on 6.7 million shares.
Bombardier Inc. (TSX:BBD.B). Industrials. Down six cents, or 3.4 per cent, to $1.70 on 5.8 million shares.
Companies in the news:
CGI Inc. (TSX:GIB.A). Up $2.96 or 2.7 per cent to $112.30. CGI Inc. beat expectations as it reported profit growth of seven per cent year over year in its first quarter, driven by ongoing demand for digital services amid the COVID-19 pandemic. The technology and business consulting firm reeled in $3.6 billion in bookings, marking a book-to-bill ratio of 116.5 per cent for the quarter ended Dec. 31. With rapidly rising inflation through the quarter, CEO George Schindler said wage inflation is "already built into our contract." Schindler said a renewed focus on higher-yielding intellectual property-related business and "some underperforming geographies" will make up the difference. The Montreal-based company reported that net income rose to $367.4 million in its first quarter, up from $343.5 million from the same period last year. Revenue totalled $3.09 billion, up 2.4 per cent from $3.02 billion. CIG said profit amounted to $1.49 per diluted share for the quarter ended Dec. 31, up from $1.32 per diluted share in the same quarter a year earlier. Excluding specific items, CGI said it earned $1.50 per diluted share for its most recent quarter, up from $1.33 per diluted share a year earlier.
Canadian National Railway Co. (TSX:CNR). Up $2.62 or 1.7 per cent to $158.32. The Prince Rupert Port Authority and DP World are boosting capacity on B.C.'s north coast amid ongoing supply chain challenges that an analyst says could bode well for Canadian National Railway Co. The port authority and the global logistics company announced updates today that will improve the West Coast's ability to move goods and supplies. The Fairview container terminal is expected to become Canada's second-largest when its capacity increases to 1.6 million twenty-foot equivalent units (TEUs) this summer from 1.35 million TEUs. Capacity is slated to grow to 1.8 million TEUs by 2024. Other updates include advanced plans for a logistics facility on Ridley Island for exports. The improvements at Prince Rupert come after flooding and mudslides cut railway and highway links to Vancouver last year. Analyst Walter Spracklin of RBC Capital Markets says the expansions are good news for Canada's largest railway, which serves the port.
This report by The Canadian Press was first published Feb. 2, 2022.
The Canadian Press
