TORONTO — Some of the most active companies traded Thursday on the Toronto Stock Exchange:
Toronto Stock Exchange (18,441.84, down 207.08 points)
TC Energy Corp. (TSX:TRP). Energy. Down $1.50, or 2.59 per cent, to $56.47 on 7.9 million shares.
Barrick Gold Corp. (TSX:ABX). Materials. Up 31 cents, or 1.52 per cent, to $20.68 on seven million shares.
Shopify Inc. (TSX:SHOP). Technology. Down $3.18, or 7.98 per cent, to $36.68 on five million shares.
Baytex Energy Corp. (TSX:BTE). Energy. Down four cents, or 0.67 per cent, to $5.91 on 4.8 million shares.
Manulife Financial Corp. (TSX:MFC). Financials. Down 31 cents, or 1.42 per cent, to $21.55 on 4.7 million shares.
Bank of Nova Scotia (TSX:BNS). Financials. Down 91 cents, or 1.36 per cent, to $66.09 on 4.7 million shares.
Companies in the news:
EQB Inc. (TSX:EQB). Down 88 cents, or 1.87 per cent, to $46.13.Equitable Bank says the federal finance minister has approved the company's deal to buy digital rival Concentra Bank. The Toronto-based bank says no further regulatory or shareholder approvals are required in the acquisition. Equitable announced a deal in February to buy Concentra for $470 million. It says the deal will make it Canada's seventh-largest bank. Equitable Bank is a wholly owned subsidiary of EQB Inc.
Enbridge (TSX:ENB). Down 75 cents, or 1.43 per cent, to $51.68. Enbridge Inc. has bought Tri Global Energy (TGE), a U.S. renewable power project developer, for US$270 million in cash and assumed debt. The company will also pay up to an additional US$50 million contingent on successful execution of TGE's project portfolio. Enbridge said Thursday that TGE is the third largest onshore wind developer in the U.S. with a development portfolio of wind and solar projects representing more than seven gigawatts of renewable generation capacity. Enbridge chief executive Al Monaco said TGE will enhance Enbridge's renewable platform and accelerate the company's North American growth strategy.
CIBC (TSX:CM). Down 57 cents, or 0.93 per cent, to $60.47. CIBC says it aims to cut the emissions intensity of its power generation portfolio by 32 per cent by 2030 in the latest climate target released by a Canadian bank. The reduction goal released Thursday follows on its release in March of targets for its oil and gas sector portfolio that included emission intensity reductions of between 27 and 35 per cent by the end of the decade. The emission cut targets are the early steps of the greater goal of achieving net-zero emissions in portfolios by 2050, something which all of Canada's big banks have committed to.
This report by The Canadian Press was first published Sept. 29, 2022.
The Canadian Press