TORONTO – Some of the most active companies were trading on the Toronto Stock Exchange on Wednesday: Toronto Stock Exchange (20,165.58, down 5.44 points.) Roxgold Inc. (TSX: ROXG). Materials. 3 cents, or 1.6 percent, up to $ 1.89 on 9.5 million shares.
TORONTO – Some of the most active companies were listed on the Toronto Stock Exchange on Wednesday:
Toronto Stock Exchange (20,165.58, minus 5.44 points.)
Roxgold Inc. (TSX: ROXG). Materials. 3 cents, or 1.6 percent, up to $ 1.89 on 9.5 million shares.
The Toronto Dominion Bank. (TSX: TD). Finances. Seven cents, or 0.08 percent, to $ 86.87 on 6.8 million shares.
TC Energy Corp. (TSX: TRP). Energy. 6 cents, or 0.1 percent, up to $ 61.34 on 6.3 million shares.
Bombardier Inc. (TSX: BBD.B). Industrial. 3 cents, or 2.5 percent, down to $ 1.17 on 5.9 million shares.
Enbridge Inc. (TSX: ENB). Energy. Up 23 cents, or 0.47 percent, to $ 49.63 on 5.8 million shares.
Power Corp. from Canada. (TSX: POW). Finances. Eight cents, or 0.21 percent, to $ 39.18 on 5.5 million shares.
Company in the news:
Lightspeed POS Inc. (TSX: LSPD). A decrease of $ 2.08, or two percent, to $ 103.75. Lightspeed POS Inc. shareholders will vote on the company name change this summer. The Montreal-based tech company says shareholders will decide whether to rename the company to Lightspeed Commerce Inc. Lightspeed says in its circular that a change is being considered because it wants a name that more accurately reflects the full range of services offered. The POS in its current name refers to the point-of-sale technology it offers, but the company wants to better convey that it is a one-stop, multi-offer commerce platform. The announcement is contained in an information bulletin for the August 5th meeting. A name change requires the approval of around 66 percent of the votes cast. If enough shareholders vote for the new name, Lightspeed says it will table amendments to make the change official.
Nutrition Couche-Tard Inc. (TSX: ATD.B). Up $ 1.53, or 3.5 percent, to $ 45.55. Alimentation Couche-Tard Inc. remains on track to double its pre-tax profit by 2023 as its business moves to pre-pandemic levels, the CEO said on Wednesday. The Quebec-based convenience store retailer beat expectations in the fourth quarter as fuel margins rose despite lower volumes as people haven’t fully resumed their driving habits. Couche-Tard expects to double earnings before interest, taxes, depreciation and amortization from 2018 to approximately $ 6 billion in fiscal 2023 by increasing existing sales through a number of measures including expanding fresh food sales and acquisitions . Chief Executive Brian Hannasch told analysts on a conference call that the company had made “remarkable strides” in accelerating organic growth by expanding Fresh Food to 2,000 stores, including expanding its Fresh Food, Fast program to Canada during the quarter. The company plans to supply more than 3,000 locations with fresh food in fiscal year 2022. The company is still looking for acquisitions, mostly in the US, but also plans to expand its Asian base in Hong Kong to countries like Vietnam. Couche-Tard beat expectations as its adjusted earnings rose 11 percent to 52 cents for the quarter, up 21 percent over analyst forecasts.
Cogeco Communications Inc. (TSX: CCA). Up $ 6.10, or 5.3 percent, to $ 121.21. The main US subsidiary of Cogeco Communications Inc. has signed a contract to purchase a broadband system in Ohio from WideOpenWest Inc. for 1.125 billion US dollars, the companies said on Wednesday. Cogeco, which provides internet, television and telephone services in both Canada and the United States, said the transaction will complement Atlantic Broadband’s operations in 11 eastern states. The WOW Ohio system serves approximately 196,000 Internet, 61,000 video, and 35,000 telephone customers in Cleveland and Columbus, Ohio. Frank van der Post, president of Atlantic Broadband, said he believes WOW Ohio can grow its customer base with the help of Cogeco’s expertise and investments. Van der Post said the WOW system in Ohio is very close to the Atlantic Broadband system in Pennsylvania. The two systems would be integrated and then the capacity of the Ohio system would be upgraded. The transaction is funded by $ 900 million in secured debt and available cash.
This report from The Canadian Press was first published on June 30, 2021.
The Canadian press
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