TORONTO — Some of the most active companies traded Tuesday on the Toronto Stock Exchange:
Toronto Stock Exchange (20,275.76, down 2.52):
TC Energy Corp. (TSX:TRP). Energy. Up 48 cents, or 0.90 per cent, to $53.77 on 20.3 million shares.
Toronto-Dominion Bank (TSX:TD). Financials. Down $1.27, or 1.54 per cent, to $81.41 on 18.2 million shares.
Bank of Nova Scotia (TSX:BNS). Financials. Down 33 cents, or 0.49 per cent, to $67.07 on 8.9 million shares.
Canadian Natural Resources Ltd. (TSX:CNQ). Energy. Up four cents, or 0.05 per cent, to $79.44 on 8.5 million shares.
Shaw Communications Inc. (TSX:SJR.B). Telecom. Up one cent, or 0.03 per cent, to $40.48 on 6.7 million shares.
Suncor Energy Inc. (TSX:SU). Energy. Down 75 cents, or 1.69 per cent, to $43.55 on six million shares.
Companies in the news:
Great-West Lifeco Inc. (TSX:GWO). Down five cents, or 0.14 per cent, to $36.00; IGM Financial Inc. (TSX:IGM). Down 56 cents, or 1.39 per cent, to $39.64; and Power Corporation of Canada (TSX:POW). Down 16 cents, or 0.46 per cent, to $34.43. The Canada Life Assurance Co. has signed a deal to acquire wealth management firm Investment Planning Counsel Inc. from IGM Financial Inc. for $575 million. Canada Life said the IPC business is profitable today and the deal is expected to be modestly accretive after two years. It estimated that transaction and integration costs of $25 million pre-tax are expected over 12 to 18 months after the deal closes. Canada Life parent company Great-West Lifeco Inc. and IGM are both part of the Power Corp. family of companies.
Canadian Imperial Bank of Commerce (TSX:CM). Down 58 cents, or 1.01 per cent, to $57.14; and Bank of Nova Scotia. The heads of CIBC and Scotiabank kicked off this year's round of shareholder meetings Tuesday by emphasizing their sound financial footing in the wake of several high-profile bank failures while also acknowledging they have more work to do. Scott Thomson, speaking at his first shareholder meeting as chief executive of Scotiabank, said the bank's financial position remains strong including with diversified sources of funding. CIBC chief executive Victor Dodig said the bank is resilient, with strong capital levels and liquidity.
This report by The Canadian Press was first published April 4,2023.
The Canadian Press
