Highlights of Active Trading on the Toronto Stock Exchange

TORONTO — In a bustling day of trading on Wednesday, numerous companies saw significant activity on the Toronto Stock Exchange.

Toronto Stock Exchange's Market Performance

The overall market saw an uptick, with the Toronto Stock Exchange climbing up to 20,889.40, marking a 304.43 point increase.

Notable Company Movements

Enbridge Inc. (TSX:ENB), a major energy player, saw its shares drop by $1.23, or 2.65%, to $45.14 with a considerable 16.8 million shares changing hands. On the upside, Bitfarms Ltd. (TSX:BITF), operating in finance, enjoyed a substantial rise of 63 cents or 15.48%, to close at $4.70 on the strength of 9.7 million shares traded. Suncor Energy Inc. (TSX:SU), another energy sector company, experienced a slight decrease of 16 cents, or 0.37%, to end at $42.70 with 8.4 million shares traded.

Canadian Natural Resources Ltd. (TSX:CNQ) was up 80 cents, or 0.99%, to $81.40 on a trade volume of 6.2 million shares. In the finance segment, Royal Bank of Canada (TSX:RY) saw its shares climb $2.51, or 1.95%, to finish at $131.05 with 5.7 million shares exchanging hands. SSR Mining Inc. (TSX:SSRM), in the mining industry, faced a small decline, dropping six cents, or 0.99%, to $6.02 on a trade of 4.1 million shares.

Specific Companies in the Spotlight

Barrick Gold Corp. (TSX:ABX), the mining giant, reported a drop of 14 cents, or 0.73%, to $19.04 following the announcement of gold production falling short and predicting lower near-term production. Despite a production shortfall, the company's profits rose to US$1.27 billion for the year.

CAE Inc. (TSX:CAE), active in the aerospace and defence sector, faced a setback with shares falling $2.78, or 9.80%, to $25.60. The dip in stock price was attributed to lower profits from fixed-price defence contracts, even though CAE's civil aviation bookings continued to grow robustly.

Meanwhile, Spin Master Corp. (TSX:TOY), in the consumer discretionary market, got a positive bump. Their stock went up by 57 cents, or 1.67%, to $34.78. The company reported a 7.9% revenue increase in the previous quarter, driven by the holiday season and the popularity of entertainment properties such as "Paw Patrol: The Mighty Movie."

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