TORONTO — Some of the most active companies traded Fridayon the Toronto Stock Exchange:
Toronto Stock Exchange (20,099.89, up 158.90):
Yamana Gold Inc. (TSX:YRI). Materials. Down six cents, or 0.76 per cent, to $7.88 on 17.3 million shares.
TC Energy Corp. (TSX:TRP). Energy. Down one cent, or 0.02 per cent, to $52.57 on 16.1 million shares.
Toronto-Dominion Bank (TSX:TD). Financials. Up 58 cents, or 0.72 per cent, to $80.95 on 11.5 million shares.
Suncor Energy Inc. (TSX:SU). Energy. Up two cents, or 0.05 per cent, to $41.96 on 9.9 million shares.
Canadian Natural Resources Ltd. (TSX:CNQ). Energy. Up 49 cents, or 0.66 per cent, to $74.79 on 9.7 million shares.
Bank of Nova Scotia (TSX:BNS). Financials. Up 28 cents, or 0.41 per cent, to $68.07 on 9.4 million shares.
Companies in the news:
Rogers Communications Inc. (TSX:RCI.B): Down $1.86, or 2.88 per cent, to $62.64. The largest telecommunications deal in Canadian history will go forward after Rogers Communications Inc.'s $26-billion takeover of Shaw Communications Inc. received approval from Ottawa on Friday. The green light means the deal has cleared its final regulatory hurdle just over two years after it was first announced. But Industry Minister François-Philippe Champagne took a stern tone on Friday, vowing to "be like a hawk on behalf of Canadians" to ensure compliance with the conditions he set, aimed at bolstering competition and lowering phone and internet costs. Champagne approved the transfer of Shaw-owned Freedom Mobile's wireless licences to Quebecor Inc.'s Videotron, which operates in Quebec and some border regions of Ontario. Rogers and Shaw agreed in June 2022 to sell Freedom Mobile to Videotron for $2.85 billion in an attempt to ease competition concerns raised by the original proposal.
Enbridge Inc. (TSX:ENB): Up one cent, or 0.02 per cent, to $51.53. Enbridge Inc. says it has signed a letter of intent with Yara Clean Ammonia to jointly develop a blue ammonia production facility at the Enbridge Ingleside Energy Centre near Corpus Christi, Texas. Blue ammonia refers to ammonia that is derived from natural gas, with the carbon dioxide generated as a byproduct of the process captured and stored. It is considered a more environmentally friendly way of producing ammonia, though it is different from green ammonia, which is derived from renewable energy. Calgary-based Enbridge says the proposed facility would cost between US$2.6 billion and US$2.9 billion, and would produce between 1.2 to 1.4 million tons per year of low-carbon ammonia to meet growing global demand.
This report by The Canadian Press was first published March 31,2023.
The Canadian Press