TORONTO — Some of the most active companies traded Wednesday on the Toronto Stock Exchange:
Toronto Stock Exchange (19,588.83, up 145.06):
Toronto-Dominion Bank (TSX:TD). Financials. Up $1.14, or 1.30 per cent, to $88.81 on 19.9 million shares.
Bank of Nova Scotia (TSX:BNS). Financials. Up $1.22, or 1.87 per cent, to $66.41 on 8.9 million shares.
Barrick Gold Corp. (TSX:ABX). Materials. Up $1.08, or 4.43 per cent, to $25.45 on six million shares.
Suncor Energy Inc. (TSX:SU). Energy. Down $1.10, or 2.67 per cent, to $40.18 on 5.7 million shares.
Athabasca Oil Corp. (TSX:ATH). Energy. Down seven cents, or 3.11 per cent, to $2.18 on 5.5 million shares.
TC Energy Corp. (TSX:TRP). Energy. Down 23 cents, or 0.43 per cent, to $53.07 on five million shares.
Companies in the news:
Aurora Cannabis Inc. (TSX:ACB). Up four cents, or 3.20 per cent, to $1.29. Aurora Cannabis Inc. said it has closed the sale of its Aurora Polaris facility. The company said gross proceeds from the sale totalled about $15 million. Aurora announced in 2021 that it would close the Alberta property as part of a plan to streamline its operations. It said at the time that the location's medical distribution operations would move to the Aurora Sky facility, while manufacturing would be relocated to Aurora River in Bradford, Ont.
Canadian Imperial Bank of Commerce (TSX:CM). Up 58 cents, or 1.05 per cent, to $55.98. CIBC said it will appeal a New York court decision finding the Canadian bank liable for damages in a lawsuit brought by Cerberus Capital Management LP. The bank said it expects the total amount of damages, inclusive of prejudgment interest, will be about US$848 million through to Dec. 1, 2022. CIBC said it disagrees with the legal and factual basis for the court's decision. The bank expects to record a pre-tax provision of about C$1.16 billion or C$850 million after tax in its first-quarter 2023 results related to the case. Cerberus filed the lawsuit in November 2015. The case related to an October 2008 transaction in which CIBC issued a limited recourse note to Cerberus specifying certain payment streams, and a subsequent transaction in 2011 in which CIBC sold a residual interest in the streams to the private equity firm.
This report by The Canadian Press was first published Jan. 4, 2023.
The Canadian Press
