TORONTO — Some of the most active companies traded Thursday on the Toronto Stock Exchange:
Toronto Stock Exchange (19,941.39, down 29.76 points.)
BlackBerry Ltd. (TSX:BB). Technology. Up 87 cents, or 4.8 per cent, to $19.12 on 34.8 million shares.
Bombardier Inc. (TSX:BBD.B). Industrials. Up seven cents, or 7.2 per cent, to $1.04 on 15.9 million shares.
Suncor Energy Inc. (TSX:SU). Energy. Up five cents, or 0.16 per cent, to $30.27 on 12.8 million shares.
Great-West Lifeco Inc. (TSX:GWO). Financials. Up 42 cents, or 1.15 per cent, to $36.93 on nine million shares.
Supreme Cannabis Company Inc. (TSX:FIRE). Health care. Up one cent, or 2.86 per cent, to 36 cents on 7.8 million shares.
Barrick Gold Corp. (TSX:ABX). Materials. Down $1.03, or 3.54 per cent, to $28.07 on 5.6 million shares.
Companies in the news:
Lululemon Athletica Inc. — Lululemon Athletica Inc. says its revenue soared by 88 per cent in its latest quarter, fuelled by the company’s ongoing e-commerce expansion and a rebound in its brick-and-mortar store sales. The Vancouver-based maker of athletic and yoga wear says its revenue amounted to $1.2 billion in its first quarter, up from $652 million the year prior. The company recorded a net income of almost $145 million for the period ended May 2, up from $28.6 million in 2020. Lululemon’s diluted earnings per share reached $1.11, compared with 22 cents in the first quarter of 2020.The retailer’s company-operated stores recorded an increase in net revenue of 106 per cent to $536.6 million, while direct-to-consumer net revenue increased 55 per cent to $545.1 million. Many of Lululemon’s stores were closed for a significant portion of its first quarter in 2020, dragging down the retailer’s revenue and profit.
Trans Mountain Corp. — An insurance provider for the Trans Mountain pipeline said it will not renew its policy with the company when it expires in August. Argo Group International Holdings Ltd., an international underwriter based in Bermuda, said the project no longer fits the company’s risk appetite. The decision by Argo Group comes after the operator for Trans Mountain received regulatory approval to protect the identity of its insurers. Trans Mountain had argued that identifying its insurers could make it harder to get insurance at a reasonable price and prejudice its competitive position. Underwriters such as Zurich Insurance Group AG have also dropped Trans Mountain as a possible client amid pressure from environmental and Indigenous groups opposed to the government-owned pipeline. Environmental groups, such as the Sunrise Project, have been petitioning insurance providers to refuse coverage for Trans Mountain as a means to prevent its ability to operate.
This report by The Canadian Press was first published June 3, 2021.
The Canadian Press
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