TORONTO — Some of the most active companies traded Wednesday on the Toronto Stock Exchange:
Toronto Stock Exchange (20,218.21, down 314.72):
Suncor Energy Inc. (TSX:SU). Energy. Down 95 cents, or 2.31 per cent, to $40.25 on 11.0 million shares.
Enbridge Inc. (TSX:ENB). Energy. Down one cent, or 0.02 per cent, to $48.29 on 9.8 million shares.
Shopify Inc. (TSX:SHOP). Technology. Down $6.23, or 6.95 per cent, to $83.39 on 7.1 million shares.
Argonaut Gold Inc. (TSX:AR). Mining. Down one cent, or 1.75 per cent, to 56 cents on 6.5 million shares.
Athabasca Oil Corp. (TSX:ATH). Energy. Up 17 cents, or 4.96 per cent, to $3.60 on 6.1 million shares.
Cenovus Energy Inc. (TSX:CVE). Energy. Down 43 cents, or 1.70 per cent, to $24.80 on 5.6 million shares.
Companies in the news:
Suncor Energy Inc. (TSX:SU). Energy. Down 95 cents, or 2.31 per cent, to $40.25. The federal government is trying to reclaim nearly $350 million in insurance paid to Suncor Energy Inc. in the wake of political unrest in Libya. The oil giant claimed $300 million in risk mitigation payments for losses linked to Libyan energy assets after fighting between rival political factions spread to the country's oil crescent region in 2015, a Federal Court judge said in a ruling this week. The total — $347 million with interest — was determined by an arbitrator. But Export Development Canada, which insures against losses caused by political violence, argues that Suncor's oil production facilities still deliver returns for the Calgary-based company.
RioCan Real Estate Investment Trust. (TSX:REI.UN). Real Estate. Down 30 cents, or 1.51 per cent, to $19.59. RioCan Real Estate Investment Trust said its second-quarter net income was almost 43 per cent higher this year than last. The Toronto-based real estate company said net income for the period ended June 30 amounted to $112 million, up from $78.5 million a year ago. It attributed the large increase to lower fair value losses on investment properties in the latest quarter.
This report by The Canadian Press was first published August 2,2023.
The Canadian Press
