TORONTO — Some of the most active companies traded Friday on the Toronto Stock Exchange:
Toronto Stock Exchange (19,384.92, down 100.97):
Shaw Communications Inc. (TSX:SJR.B). Telecom. Up $3.24, or 9.06 per cent, to $39.01 on 11.4 million shares.
Toronto-Dominion Bank. (TSX:TD). Financials. Down 87 cents, or 0.98 per cent, to $87.67 on 10.5 million shares.
TC Energy Corp. (TSX:TRP). Energy. Up 28 cents, or 0.52 per cent, to $53.98 on 5.0 million shares.
Algonquin Power & Utilities Corp. (TSX:AQN). Utilities. Down nine cents, or 1.01 per cent, to $8.82 on 4.3 million shares.
Bank of Nova Scotia. (TSX:BNS). Financials. Down 29 cents, or 0.44 per cent, to $66.34 on 4.1 million shares.
Shopify Inc. (TSX:SHOP). Technology. Down 55 cents, or 1.16 per cent, to $47.01 on 3.6 million shares.
Companies in the news:
Shaw Communications Inc. (TSX:SJR.B). Telecom. Up $3.24, or 9.06 per cent, to $39.01; Rogers Communications Inc. (TSX:RCI.B). Telecom. Up $2.39, or 3.92 per cent, to $63.37; and Quebecor Inc. (TSX:QBR.B). Telecom. Up $1.27, or 4.39 per cent, to $30.20. The Competition Bureau is appealing the Competition Tribunal's dismissal of its case against Rogers Communications Inc.'s $26-billion takeover of Shaw Communications Inc., the companies said as they expressed their disappointment with the move. The telecom companies said Friday that they were informed of the bureau's intent to appeal the Tribunal's decision, released late Thursday, as well as that the bureau will apply for an injunction to block the deal from closing until an appeal is heard. The Competition Tribunal issued only a summary of its decision Thursday, with plans to release the full text by late Saturday, concluding that the merger was not likely to result in higher prices for wireless customers in Western Canada, and that the Tribunal was satisfied the plan to sell Shaw's Freedom Mobile to Quebecor Inc.'s Videotron was adequate to ensure competition isn't substantially reduced. The Tribunal's decision clears a path for the deal to go ahead, requiring only approval from federal Industry Minster François-Philippe Champagne.
This report by The Canadian Press was first published Dec. 30, 2022.
The Canadian Press
