TORONTO — Some of the most active companies traded Tuesday on the Toronto Stock Exchange:
Toronto Stock Exchange (19,306.89, up 106.13):
Suncor Energy Inc. (TSX:SU). Energy. Up 65 cents, or 1.60 per cent, to $41.25 on 14.8 million shares.
TC Energy Corp. (TSX:TRP). Energy. Down 26 cents, or 0.48 per cent, to $54.05 on 11.6 million shares.
Barrick Gold Corp. (TSX:ABX). Materials. Up 94 cents, or 4.16 per cent, to $23.52 on 11.1 million shares.
Canadian Imperial Bank of Commerce (TSX:CM). Financials. Up 84 cents, or 1.55 per cent, to $55.19 on seven million shares.
Cenovus Energy Inc. (TSX:CVE). Energy. Up 63 cents, or 2.59 per cent, to $24.99 on 6.4 million shares.
Toronto-Dominion Bank (TSX:TD). Financials. Up 95 cents, or 1.10 per cent, to $87.56 on 6.3 million shares.
Companies in the news:
Iamgold Corp. (TSX:IMG). Up 61 cents, or 24.40 per cent, to $3.11. Shares of Iamgold Corp. soared after it signed deals to sell the company's interests in exploration and development projects in Senegal, Mali and Guinea to Managem for US$282 million. Maryse Bélanger, Iamgold's chair and interim president and CEO, said the sale is the result of a strategic review and sale process. Bélanger said the proceeds, together with a financing agreement with Sumitomo, meet the remaining funding requirements to complete construction at the company's Côté gold project in northern Ontario, which is on track for production in early 2024.
Magna International Inc. (TSX:MG). Down $1.70, or 2.18 per cent, to $76.22. Magna International Inc. has signed a deal to buy Veoneer's active safety business from investment firm SSW Partners for US$1.525 billion in cash. The Ontario auto parts company said Tuesday the deal adds significant engineering resources and expands its advanced driver assistance systems customer base and geographic diversification. The acquisition of the Swedish company's operations will add 2,200 engineers, including 1,800 for systems, software and sensor development, to Magna. Veoneer's active safety sales are projected to be about US$1.1 billion in 2022.
This report by The Canadian Press was first published Dec. 20, 2022.
The Canadian Press