TORONTO — Some of the most active companies traded Friday on the Toronto Stock Exchange:
Toronto Stock Exchange (20,150.87, up 80.62 points.)
Bank of Nova Scotia. (TSX:BNS). Financials. Up 69 cents, or 0.89 per cent, to $78.65 on 13.3 million shares.
Bombardier Inc. (TSX:BBD.B). Industrials. Up five cents, or 2.32 per cent, to $2.21 on 11.9 million shares.
The Toronto-Dominion Bank. (TSX:TD). Financials. Up $1.52, or 1.81 per cent, to $85.37 on 8.4 million shares.
Crescent Point Energy Corp. (TSX:CPG). Energy. Up 14 cents, or 2.4 per cent, to $5.98 on 6.6 million shares.
Air Canada (TSX:AC). Industrials. Up $1.51, or 6.53 per cent, to $24.64 on 6.3 million shares.
Cenovus Energy Inc. (TSX:CVE). Energy. Down four cents, or 0.31 per cent, to $12.73 on 6.3 million shares.
Companies in the news:
Suncor Energy Inc. (TSX:SU). Up 21 cents to $26.47. Suncor Energy Inc. says it has assumed operatorship of the Syncrude oilsands project in a bid to improve its performance. The Calgary-based company agreed to become the operator of the Syncrude Joint Venture, one of the largest operations in the oilsands last year. Suncor CEO Mark Little says the company will build on the strength of the other Suncor-operated assets in the region to improve operating performance and unlock significant value. Suncor holds a majority stake in Syncrude with 58.74 per cent. Imperial Oil Resources Ltd. owns 25 per cent, while Sinopec Oil Sands Partnership holds 9.03 per cent and CNOOC Oil Sands Canada owns 7.23 per cent. In addition to Syncrude, Suncor operates several other assets in the same region including its Oil Sands Base Plant, in situ assets Firebag and McKay River, as well as the Fort Hills Limited Partnership.
Canadian National Railway Co. (TSX:CNR). Up $2.31 or 1.6 per cent to $149.09. Canadian National Railway Co. has forcefully pushed back against a British-based investor seeking changes at the railway, saying Friday that TCI Fund Management Ltd. had made false and misleading claims and that it has a clear conflict of interest. CN chief executive Jean-Jacques Ruest said that CN maintains an open and constructive dialogue with its shareholders, and is open to discussions about improvements, but that he wouldn't serve the interests of CN's competitors. TCI asked in mid-September for a special meeting of CN shareholders for the purpose of "refreshing" the railway's board and proposed Jim Vena, former chief operating officer at CN, as a potential replacement for Ruest. CN said that TCI has failed to put out a credible or differentiated plan of its own, and that it has a conflict of interest as being the largest shareholder of CN's main rival, Canadian Pacific Railway Ltd. The Montreal-based railway said that TCI's claims that it faced US$2 billion of losses from the KCS pursuit "have been proven blatantly false," noting that it gained US$700 million in breakup fees.
GFL Environmental Inc. (TSX:GFL). Up 22 cents to $47.31. Waste management company GFL Environmental Inc. has announced a pair of acquisitions in the United States. Financial terms of the deals were not immediately available. The Ontario-based company says it has bought the solid waste management and recycling business of Peoria Disposal Co. that operates in central Illinois and eastern Missouri. Its operations include three active landfills, two transfer stations, one material recovery facility and a wastewater treatment plant. The deal also includes a Peoria City/County landfill, which is expected to begin operations in early 2024. In the second deal, GFL says it has bought the Alabama Dumpster group of companies, which provides solid waste and recycling services and landfill operations. GFL also says it has sold some of its non-core solid waste assets in and around the Chicago market and Rochester, Minn., for aggregate proceeds of $92 million.
The Canadian Press
