TORONTO — Some of the most active companies traded Tuesday on the Toronto Stock Exchange:
Toronto Stock Exchange (20,439.87, down 236.87):
Manulife Financial Corp. (TSX:MFC). Financials. Down 41 cents, or 1.56 per cent, to $25.84 on 9.1 million shares.
Royal Bank of Canada. (TSX:RY). Financials. Down $1.71, or 1.28 per cent, to $131.76 on 8.9 million shares.
Telus Corp. (TSX:T). Telecom. Down 29 cents, or 1.01 per cent, to $28.51 on 6.5 million shares.
Cenovus Energy Inc. (TSX:CVE). Energy. Down $1.00, or 4.14 per cent, to $23.18 on 6.5 million shares.
Tamarack Valley Energy Ltd. (TSX:TVE). Energy. Down 18 cents, or 4.56 per cent, to $3.77 on 5.2 million shares.
Toronto-Dominion Bank. (TSX:TD). Financials. Down $1.61, or 1.95 per cent, to $81.12 on 5.2 million shares.
Companies in the news:
Cascades Inc. (TSX:CAS). Packaging and Containers. Down 28 cents, or 2.50 per cent, to $10.92. Cascades is restructuring its tissue business, changes that will affect 300 employees in the United States. The company said it will progressively close plants in Barnwell, S.C., and Scappoose, Ore., and a tissue machine at its St. Helens plant, also in Oregon, starting in July. Cascades said the changes will reduce costs, create synergies and improve its tissue group's financial, operational and environmental performance.
H&R Real Estate Investment Trust. (TSX:HR.UN). Real Estate. Down three cents, or 0.25 per cent, to $11.84. H&R Real Estate Investment Trust has reached a deal with an activist investor that had sought changes at the trust's board. Under the agreement, K2 Principal Fund LP and K2 & Associates Investment Management Inc. has withdrawn their four nominees who were slated to stand for election at the trust's meeting on June 15. Instead, K2 has agreed with H&R to support the election of two additional, mutually agreed upon, independent trustees, Lindsay Brand and Leonard Abramsky.
This report by The Canadian Press was first published April 25,2023.
The Canadian Press
