TORONTO Some of the most active companies were trading Friday on the Toronto Stock Exchange: Toronto Stock Exchange (19,062.91, up 345.79 points.) Argonaut Gold Inc. (TSX:AR). Materials. Up one cent, or 1.8 percent, to 58 cents on 11.6 million shares.
TORONTO Some of the most active companies traded Friday on the Toronto Stock Exchange:
Toronto Stock Exchange (19,062.91, up 345.79 points.)
Argonaut Gold Inc. (TSX: AR). Materials. Up one cent, or 1.8 percent, to 58 cents on 11.6 million shares.
Athabasca Oil Corp. (TSX:ATH). Energy. Up 19 cents, or 8.5%, to $2.43 on 11.4 million shares.
Baytex Energy Corp. (TSX: BTE). Up 53 cents, or 9.6%, to $6.08 on 11.4 million shares.
TC Energy Corp. (TSX: TRP). Energy. Up 41 cents, or 0.6%, to $66.81 on 11.4 million shares.
Canadian Imperial Bank of Commerce. (TSX:CM). Financial. Up 92 cents, or 1.5%, to $63.25 on 9 million shares.
ARC Resources Ltd. (TSX: ARX). Energy. Up 19 cents, or 1.3%, to $15.00 on 7.8 million shares.
Companies in the news:
Rogers Communications Inc. (TSX: RCI.B). Up 88 cents or 1.4% to $62.43. Rogers Communications Inc., Shaw Communications Inc. and the Competition Bureau have agreed to participate in a mediation process next month regarding the companies’ $26 billion merger. The first scheduled mediation period is July 4 and 5, according to the Competition Tribunal. Public hearings in court were previously scheduled to begin this fall. The mediation announcement comes just a week after Rogers said it would sell Shaw-owned Freedom Mobile to Montreal-based Quebecor Inc. for $2.85 billion in a bid to ease concerns of the Competition Bureau regarding the combination of Rogers and Shaw. The competition watchdog tried to block the deal, arguing that it would ultimately lead to less choice in the telecommunications market and lead to higher bills for consumers. Rogers, Shaw and Quebecor argue that Freedom’s deal would sustain a “strong and enduring” fourth wireless service provider in Canada.
Bausch Health Companies Inc. (TSX: BHC). Up $1.83 or 19.4% to $11.28. Bausch Health Companies Inc. says hedge fund manager John Paulson has been named chairman of its board of directors, replacing Joseph Papa. Paulson is President and Portfolio Manager of Paulson & Co. Inc., an investment management firm he founded in 1994. He previously served on the board of Bausch Health from June 2017 to May 2022. The firm claims that Papa’s decision to resign from the board was not due to a dispute or disagreement with the company, its management, or the board. Papa, who stepped down as chief executive of Bausch Health earlier this year, remains chairman and chief executive of Bausch + Lomb Corp., which recently completed its IPO and is spun off from Bausch Health. Paulson is an independent director of Bausch + Lomb.
This report from The Canadian Press was first published on June 24, 2022.
The Canadian Press
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