TORONTO — Some of the most active companies traded Tuesday on the Toronto Stock Exchange:
Toronto Stock Exchange (17,035.88, up 3.02 points.)
Algonquin Power & Utilities Corp. (TSX:AQN). Utilities. Up two cents, or 0.11 per cent, to $18.27 on 31.2 million shares.
Trevali Mining Corp. (TSX:TV). Materials. Down one cent, or 6.06 per cent, to 15.5 cents on 19.8 million shares.
Tourmaline Oil Corp. (TSX:TOU). Energy, Down 48 cents, or 3.73 per cent, to $12.40 on 15.9 million shares.
Aurora Cannabis Inc. (TSX:ACB). Health care. Down 12 cents, or 3.6 per cent, to $3.21 on 12.5 million shares.
The Green Organic Dutchman Holdings (TSX:TGOD). Health care. Down 16 cents, or 17.98 per cent, to 73 cents on 11.4 million shares.
SNC-Lavalin Group Inc. (TSX:SNC). Industrials. Down 31 cents, or 1.31 per cent, to $23.41 on 11.1 million shares.
Companies in the news:
Canadian National Railway Co. (TSX:CNR). Up $1.58 or 1.3 per cent to $122.49. Canada’s largest railway and Teamsters Canada have reached a tentative deal to renew a collective agreement for more than 3,000 workers, ending a strike that triggered layoffs, disrupted industries and halted bulk and container shipments. Normal operations at Canadian National Railway Co. will resume Wednesday at 6 a.m. local time across Canada, the union said. Details of the settlement agreement, which must be ratified by union members, were not immediately available. Ratification is expected within eight weeks. About 3,200 CN conductors, trainpersons and yard workers across the country, who have been without a contract since July 23, have been off the job since early last Tuesday morning over worries about long hours, fatigue and what they consider dangerous working conditions.
Alimentation Couche-Tard Inc. (TSX:ATD.B). Up 38 cents to $43.34. Alimentation Couche-Tard Inc. is proposing the largest acquisition in the company’s history with a $7.7 billion deal for Australia’s largest retail fuel and convenience chain. The unsolicited purchase offer for Sydney-based Caltex Australia Ltd. — its second this year — would allow the Quebec-based retailer to expand beyond North America and Europe as it aims to double the company’s size. Couche-Tard CEO Brian Hannasch described the proposal as “a very compelling offer” for Caltex shareholders.
The Bank of Nova Scotia (TSX:BNS). Down 62 cents to $75.18. The Bank of Nova Scotia is expecting a strong performance from its Canadian banking segment next year driven by higher contributions from business banking, credit cards and growth of Tangerine digital banking. The bank’s domestic operations are forecast to contribute 30 to 40 per cent of all bank earnings in 2020, with international banking at 25 to 30 per cent, global banking and markets at 15 to 20 per cent and global wealth management at about 15 per cent. The bank said it earned $2.31 billion for the three-month period ended Oct. 31 compared with a profit of $2.27 billion in the same quarter last year.
Newmont Goldcorp Corp. (TSX:NGT). Up 25 cents to $50.52. Evolution Mining Ltd. says it will invest US$150 million over the next three years in the “undercapitalized” Red Lake gold complex in western Ontario after striking a deal to buy it for US$375 million from Newmont Goldcorp Corp. In a news release, the Australian company says it plans to spend US$50 million on exploration and invest US$100 million in existing operations at the underground mining complex if the acquisition closes as expected by the end of March. Evolution says it has also agreed to boost the price by up to US$100 million payable upon new resource discovery.
This report by The Canadian Press was first published Nov. 26, 2019.
The Canadian Press