TORONTO — Some of the most active companies traded Wednesday on the Toronto Stock Exchange:
Toronto Stock Exchange (20,376.23, down 81.23):
Enbridge Inc. (TSX:ENB). Energy. Down 21 cents, or 0.38 per cent, to $55.62 on 10.3 million shares.
TC Energy Corp. (TSX:TRP). Energy. Up five cents, or 0.09 per cent, to $57.73 on 9.1 million shares.
Toronto-Dominion Bank (TSX:TD). Financials. Down 92 cents, or 1.02 per cent, to $89.03 on 8.9 million shares.
Bank of Nova Scotia (TSX:BNS). Financials. Down 43 cents, or 0.62 per cent, to $69.22 on 8.6 million shares.
Cenovus Energy Inc. (TSX:CVE). Energy. Down 65 cents, or 2.53 per cent, to $25.01 on 7.6 million shares.
Tourmaline Oil Corp. (TSX:TOU). Energy. Down $1.54, or 2.21 per cent, to $68.15 on 7.3 million shares.
Companies in the news:
Ritchie Bros. Auctioneers Inc. (TSX:RBA). Up 31 cents, or 0.39 per cent, to $80.28. A shareholder of Ritchie Bros. Auctioneers Inc. said the company's plan to buy vehicle auction company IAA Inc. lacks compelling logic and it plans to oppose the deal. Ritchie Bros. has signed a deal to buy the U.S. company in an agreement valued at US$7.3 billion, including assumed debt, when it was announced in November 2022. Luxor Capital Group LP, which holds a 3.6 per cent stake in Ritchie Bros., said it will vote against the plan to issue shares in connection with the deal that would see IAA shareholders receive a combination of cash and shares.
Bank of Montreal (TSX:BMO). Down 68 cents, or 0.52 per cent, to $131.33. BMO Financial Group has secured the all-clear from U.S. regulators to close its US$16.3-billion takeover of California-based Bank of the West from BNP Paribas. The deal, expected to close on Feb. 1, will mean a major expansion of its foothold in the U.S. market, where many of Canada's biggest banks have been looking for growth. BMO, which already has about US$165 billion in assets and 520 branches across nine states, will add some US$92 billion in assets and more than 500 branches across 20 states to make it the 13th largest commercial bank in the country, according to the Office of the Comptroller of the Currency.
This report by The Canadian Press was first published Jan. 18, 2023.
The Canadian Press
