TORONTO — Some of the most active companies traded Fridayon the Toronto Stock Exchange:
Toronto Stock Exchange (20,155.29, up 242.12 points):
Canadian Natural Resources Ltd. (TSX:CNQ). Energy. Up 75 cents, or 1.02 per cent, to $74.48 on 16.3 million shares.
TC Energy Corp. (TSX:TRP). Energy. Up 72 cents, or 1.36 per cent, to $53.54 on 11.3 million shares.
Toronto-Dominion Bank (The). (TSX:TD). Financials. Up 65 cents, or 0.80 per cent, to $82.11 on 9.5 million shares.
Bank of Nova Scotia (The). (TSX:BNS). Financials. Up 74 cents, or 1.13 per cent, to $66.28 on 8.8 million shares.
Suncor Energy Inc. (TSX:SU). Energy. Up 23 cents, or 0.60 per cent, to $38.86 on 8.6 million shares.
Hut 8 Mining Corp. (TSX:HUT). Financials. Up 15 cents, or 3.53 per cent, to $4.40 on 6.5 million shares.
Companies in the news:
Hydro One Inc. (TSX:H). Utilities. Up 61 cents, or 1.64 per cent, to $37.85. Hydro One Inc. says it has reached tentative agreements covering two contracts with the Power Workers’ Union, which represents the company’s front-line workers. Details of the proposed settlements were not immediately available. The power utility says the main agreement covers front-line staff, while the customer service operations collective agreement includes staff in customer facing roles. Union members will vote on the tentative agreements by the end of July. Once ratified, the new contracts will run until Sept. 30, 2025.
Canaccord Genuity Group Inc. (TSX:CF). Financials. Up eight cents, or 0.97 per cent, to $8.35. Canaccord Genuity Group Inc. says it is facing a regulatory investigation that could result in it paying a “significant penalty.” In a securities filing, the company says the matter stems from a review of its wholesale market-making activities. Further details were not disclosed. Canaccord said it expects the issue will be resolved and that it will not have a material impact, but cautioned the ultimate resolution of the matter was not known.
Rogers Communications Inc. (TSX:RCI.B). Telecom. Down 11 cents, or 0.18 per cent, to $60.44. Documents suggest the TTC thought Rogers Communications Inc. would build out the subway wireless network with its rival carriers under a consortium model when it purchased the Canadian operations of BAI Communications in April. While Bell Canada and Telus Corp. have both fiercely advocated for a joint build of the upcoming 5G network through a consortium model similar to that of Montreal’s Metro system, rejecting a pay-for-access approach, Rogers has not publicly committed to either model. A TTC briefing note shows the transit agency expected the company to invite other carriers “to join them in a consortium model, similar to how other network transit systems in Canada are deployed.” The note was sent to the City of Toronto’s TTC board of commissioners on April 10 in advance of Rogers’ announcement later that day about acquiring BAI’s Canadian arm.
This report by The Canadian Press was first published June 30, 2023.