TORONTO — Some of the most active companies traded Monday on the Toronto Stock Exchange:
Toronto Stock Exchange (19,974.92, down 136.46 points.)
Manulife Financial Corp. (TSX:MFC). Financials. Down $1.01, or 4.18 per cent, to $23.15 on 28.1 million shares.
Sun Life Financial Inc. (TSX:SLF). Financials. Down $1.09, or 1.77 per cent, to $60.64 on 15 million shares.
Barrick Gold Corp. (TSX:ABX). Materials. Up 25 cents, or 1.2 per cent, to $21.11 on 13.5 million shares.
Suncor Energy Inc. (TSX:SU). Energy. Up 46 cents, or 1.09 per cent, to $42.85 on 10.6 million shares.
Canadian Natural Resources Ltd. (TSX:CNQ). Energy. Down $1.06, or 1.46 per cent, to $71.33 on 10 million shares.
Enbridge Inc. (TSX:ENB). Energy. Down 18 cents, or 0.32 per cent, to $56.07 on 8.3 million shares.
Companies in the news:
Dye & Durham Ltd. (TSX:DND). Down 22 cents, or 2.03 per cent, to $15.96. Dye & Durham Ltd. says shareholders of Australian company Link Administration Holdings Ltd. have voted in favour of the company’s proposed acquisition of Link Group. Dye & Durham CEO Matthew Proud says the approval is a major step toward successfully completing what he called a transformative transaction. The Toronto-based cloud software company has said the acquisition would expand its customer base in key U.K. and Australian markets and strengthen its business-to-business software and information service solutions. Under the deal, Link Group shareholders will receive base consideration of A$4.81 per share. The transaction is subject to court and regulatory approvals, including from the Australian Competition and Consumer Commission and the U.K. Financial Conduct Authority, and other customary closing conditions.
TFI International Inc. (TSX:TFII). Down 54 cents, or 0.41 per cent, to $132.06. Trucking company TFI International Inc. has signed a deal to sell CFI’s truckload, temp control and Mexican non-asset logistics businesses to Heartland Express Inc. for US$525 million. TFI chairman and CEO Alain Bédard says the decision to sell followed a thorough evaluation of the company’s portfolio. TFI will keep its dedicated and U.S. logistics businesses. Bédard says the transaction will reduce the company’s capital intensity, with some of the proceeds used to pay down debt in the near term and over time redeployed with the objective of generating higher returns. The deal has been unanimously approved by the boards of TFI and Heartland and is expected to close in the third quarter of 2022. It is subject to customary closing conditions, including regulatory approvals.
This report by The Canadian Press was first published Aug. 22, 2022.