TORONTO — Some of the most active companies traded Wednesday on the Toronto Stock Exchange:
Toronto Stock Exchange (19.837.25, down 52.81 points.)
Enbridge Inc. (TSX:ENB). Energy. Up 14 cents, or 0.25 per cent, to $56.06 on 25.3 million shares.
Manulife Financial Corp. (TSX:MFC). Financials. Down 33 cents, or 1.34 per cent, to $24.35 on 11.6 million shares.
Suncor Energy Inc. (TSX:SU). Energy. Up $1.54, or 3.44 per cent, to $46.25 on 10.1 million shares.
Cenovus Energy Inc. (TSX:CVE). Energy. Up 43 cents, or 1.74 per cent, to $25.12 on 8.7 million shares.
Athabasca Oil Corp. (TSX:ATH). Energy. Down six cents, or 2.51 per cent, to $2.33 on 7.9 million shares.
Crescent Point Energy Corp. (TSX:CPG). Energy. Up 16 cents, or 1.88 per cent, to $8.66 on 7.1 million shares.
Companies in the news:
Scotiabank (TSX:BNS). Down 33 cents or 0.41 per cent to $80.58. Scotiabank has chosen not to renew its long-running membership in the Canadian Association of Petroleum Producers, a move that comes at a time when financial institutions are facing growing scrutiny for their role in contributing to climate change. The Toronto-based bank — which in an email confirmed its exit from CAPP but declined to provide a reason for the change — not only held an associate membership in the oil and gas lobby group, but for many years was also the title sponsor of the annual Scotiabank CAPP Energy Symposium. The most recent symposium, held just last month, still had Scotiabank’s name attached to it, though CAPP spokesman Jay Averill said that won’t be the case going forward.
Rogers Communications Inc. (TSX:RCI.B). Down 53 cents or 0.82 per cent to $64.48. Plans by Rogers Communications Inc. and Shaw Communications Inc. to sell Shaw's wireless businessdo not outweigh the harm that the companies' proposed merger would cause, the Competition Bureau has argued in court documents. In May 9 filings to the Competition Tribunal, the regulator says the sale of Freedom Mobile would not add competition to the telecom sector because the new owners "are likely to provide less effective financial, managerial, technical or other support," making it harder for the carrier to go up against Rogers, BCE Inc. and Telus Communications Inc. Rogers and Shaw have said that the sale of Shaw's Freedom Mobile, expected to be a condition of the proposed deal's approval by Innovation, Science and Economic Development Canada, is the best way to maintain competition in the wireless space while allowing the merger, first announced in March 2021, to move forward.
Aurora Cannabis Inc. (TSX:ACB). Down 44 cents or 12.98 per cent to $2.95. Aurora Cannabis Inc. said it will wind down operations at an outdoor grow site in the B.C. Interior. The Edmonton-based cannabis company said it no longer has a need for the Westwold property called Aurora Valley because it recently acquired Thrive Cannabis, which has indoor and outdoor grow facilities. Aurora spokesperson Kate Hillyar said in an email to The Canadian Press that less than 10 employees will be impacted by the closure of the site. She said staff were informed of the decision ahead of the spring planting season and were offered transition opportunities wherever possible. Hillyar said Aurora Valley was mostly an exploratory outdoor grow operation, whereas Thrive’s outdoor site has been commercializing product for years. Aurora announced it would buy Thrive parent company TerraFarma Inc. in March in exchange for $38 million in cash and shares.
This report by The Canadian Press was first published May 11, 2022.
The Canadian Press
