TORONTO — Some of the most active companies traded Tuesday on the Toronto Stock Exchange:
Toronto Stock Exchange (19,512.90, down 323.22 points.)
Suncor Energy Inc. (TSX:SU). Energy. Down $2.16, or 4.77 per cent, to $43.17 on 32.5 million shares.
Enbridge Inc. (TSX:ENB). Energy. Down $1.28, or 2.24 per cent, to $55.86 on 8.4 million shares.
Crescent Point Energy Corp. (TSX:CPG). Energy. Down 60 cents, or 5.63 per cent, to $10.05 on six million shares.
Baytex Energy Corp. (TSX:BTE). Energy. Down 35 cents, or 4.85 per cent, to $6.87 on 5.7 million shares.
Barrick Gold Corp. (TSX:ABX). Materials. Down 33 cents, or 1.65 per cent, to $19.63 on 5.5 million shares.
Auxly Cannabis Group Inc. (TSX:XLY). Health care. Down one cent, or 18.18 per cent, to 4.5 cents on 5.3 million shares.
Companies in the news:
Alimentation Couche-Tard Inc. (TSX:ATD). Down 27 cents, or 0.48 per cent, to $56.57. Alimentation Couche-Tard Inc., which has signed a deal to buy the Wilsons chain of gas stations in Atlantic Canada, has reached an agreement with the Competition Bureau to resolve its concerns over the acquisition. The federal competition regulator had concluded that the deal would substantially lessen or prevent competition in the supply of retail gasoline in some markets. To address those concerns, Couche-Tard has agreed to sell 46 Wilsons sites and supply agreements and one Couche-Tard gas station. In July 2021, Couche-Tard announced its deal to acquire the Wilsons network including 79 corporate-owned and operated convenience retail and fuel locations, 147 dealer locations and a marine fuel terminal in Halifax. The company said at the time that some assets would be purchased by a third-party acquisition partner to be determined following a review by the Competition Bureau. Wilsons operates and supplies Esso, Wilsons Gas Stops and Go! Store retail gas locations in Nova Scotia, New Brunswick, Prince Edward Island and Newfoundland and Labrador.
BMO Financial Group (TSX:BMO). Down $3.28, or 2.57 per cent, to $124.49. BMO Financial Group wrapped the Big Six earnings season with a drop in earnings as a pullback in capital markets more than offset gains from loan growth and improved returns on interest income. The bank reported earnings of $1.37 billion for the quarter ending July 31, down from $2.28 billion in the same quarter a year earlier, as it took a $945-million charge related to its acquisition of Bank of the West. Adjusted earnings of $2.13 billion were still below last year's take of $2.19 billion as its wealth management division saw a 15 per cent income dip and its capital markets income was about half of where it was a year earlier.
This report by The Canadian Press was first published Aug. 30, 2022.
The Canadian Press
