TORONTO — Some of the most active companies traded Thursday on the Toronto Stock Exchange:
Toronto Stock Exchange (20,211.20, up 186.15):
Algonquin Power & Utilities Corp. (TSX:AQN). Utilities. Down 42 cents, or 4.22 per cent, to $9.53 on 14.8 million shares.
Royal Bank of Canada (TSX:RY). Financials. Up 68 cents, or 0.51 per cent, to $133.45 on 13.8 million shares.
Enbridge Inc. (TSX:ENB). Energy. Up 57 cents, or 1.03 per cent, to $56.05 on 9.8 million shares.
Toronto-Dominion Bank (TSX:TD). Financials. Up $1.74, or 2.01 per cent, to $88.20 on 9.2 million shares.
TC Energy Corp. (TSX:TRP). Energy. Up 66 cents, or 1.18 per cent, to $56.47 on 7.3 million shares.
Barrick Gold Corp. (TSX:ABX). Materials. Up 19 cents, or 0.74 per cent, to $25.99 on 7.1 million shares.
Companies in the news:
Aritzia Inc. (TSX:ATZ). Down $5.06, or 9.88 per cent, to $46.16. Canadian fashion brand Aritzia Inc.'s sales momentum continued unabated in its latest quarter, appearing nearly immune to the spending pullback plaguing much of the retail industry amid high inflation. The Vancouver-based clothing retailer said net revenue for the quarter ending Nov. 27 was a record $624.6 million, representing an increase of 38 per cent compared with a year earlier. The company's e-commerce revenue grew 36 per cent in the quarter — on top of 47 per cent growth last year. While sales in Canada were up 22 per cent, Aritzia's U.S. sales climbed 58 per cent compared with a year ago.
Algonquin Power & Utilities Corp. — Algonquin Power and Utilities Corp. slashed its dividend by 40 per cent and said it will look to sell an additional $1 billion in assets as part of a plan to strengthen its financial position. The company said it will now pay a quarterly dividend of 10.85 cents per share, down from 18.08 cents per share. Algonquin CEO Arun Banskota said the company has reached an inflection point and, as markets continue to evolve, it must address the challenges facing the business. The company said proceeds from its asset sales are expected to be used to pay down debt and continue to fund growth.
This report by The Canadian Press was first published Jan. 12, 2023.
The Canadian Press
