Some of the most active companies traded Wednesday on the Toronto Stock Exchange:
Toronto Stock Exchange (19,184.54, down 184.15 points)
Canadian Natural Resources Ltd. (TSX:CNQ). Energy. Down $1.69, or 2.37 per cent, to $69.51 on 7.4 million shares.
Barrick Gold Corp. (TSX:ABX). Materials. Up 30 cents, or 1.49 per cent, to $20.42 on seven million shares.
CIBC (TSX:CM). Financials. Down 57 cents, or 0.9 per cent, to $62.45 on 6.9 million shares.
Cenovus Energy Inc. (TSX:CVE). Energy. Down 84 cents, or 3.42 per cent, to $23.72 on 6.9 million shares.
Power Corp. of Canada (TSX:POW). Financials. Down 18 cents, or 0.53 per cent, to $33.67 on six million shares.
TC Energy Corp. (TSX:TRP). Energy. Down 28 cents, or 0.45 per cent, to $62.66 on six million shares.
Teck Resources Ltd. (TSX:TECK.B). Down $1.90, or 4.4 per cent, to $41.30. The company cut its steelmaking coal sales guidance after an equipment failure at its Elkview operation in B.C. and a strike at Westshore Terminals. The Vancouver-based miner says it now expects its third-quarter steelmaking coal sales to be between 5.5 million and 5.9 million tonnes compared with earlier guidance for between 5.8 million and 6.2 million tonnes. The company says there was a "structural failure" of the plant feed conveyor belt.
Dye & Durham Ltd. (TSX:DND). Down 12 cents, or 0.92 per cent, to $12.90. A U.K. regulator has assessed a penalty of 50 million pounds against Link Group, the Australian company that Dye & Durham Ltd. is trying to acquire, raising questions about the future of the deal. The penalty is in addition to a potential restitution payment of up to about 306 million pounds. Toronto-based Dye & Durham says the draft notice from the U.K. Financial Conduct Authority triggers a condition in its deal to acquire Link Group.
This report by The Canadian Press was first published Sept. 21, 2022.
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CIBC (TSX: CM) (NYSE: CM) – CIBC Asset Management Inc. today announced the September 2022 cash distributions for CIBC ETFs and ETF Series of the CIBC Fixed Income Pools, which distribute monthly and quarterly.
Dye & Durham Limited (TSX: DND) ("Dye & Durham" or the "Company"), a leading provider of cloud-based, efficient workflow software for legal and business professionals, announced today that Link Administration Holdings Limited (ASX: LNK) ("Link Group") has terminated discussions with respect to Dye & Durham's proposed acquisition of Link Group.
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TORONTO — Dye & Durham Ltd. says it has called off its proposed acquisition of Australian company Link Administration Holdings Ltd. Dye & Durham CEO Matthew Proud says the company is disappointed after the significant time and resources it invested in the deal. Questions about the future of the deal were raised earlier this week after a U.K. regulator assessed a 50-million-pound penalty against Link Group in addition to a potential restitution payment of up to about 306 million pounds. Toronto-b
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MONTREAL, Sept. 22, 2022 (GLOBE NEWSWIRE) -- Laurentian Bank of Canada (TSX: LB) increases its USD base rate in Canada by 75 basis points from 6.00% to 6.75%, effective September 22, 2022. About Laurentian Bank At Laurentian Bank, we believe we can change banking for the better. By seeing beyond numbers. Founded in Montréal in 1846, Laurentian Bank helps families, businesses and communities thrive. Today, we have more than 3,000 employees working together as one team, to provide a broad range of
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Tamarack Valley Energy Ltd. ("Tamarack" or the "Company") (TSX: TVE) announces that it has successfully closed the previously announced private placement offering (the "Private Placement") of $100 million aggregate principal amount of 7.25% senior unsecured sustainability-linked notes due May 10, 2027 (the "Notes"). The Company intends to use the net proceeds of the Private Placement to fund a portion of the purchase price for Tamarack's previously announced acquisition of Deltastream Energy Cor
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HAMILTON — Stelco Holdings Inc. is offering to buy back nearly half of its outstanding shares at a price of $35 per share. Under the substantial issuer bid, the company says it is looking to buy up to 30 million shares or 47.4 per cent of its outstanding shares for a total maximum purchase price of $1.05 billion. Stelco shares closed at $32.06 on the Toronto Stock Exchange on Wednesday. The terms of the offer are the same as a substantial issuer bid Stelco made earlier this year that saw the com
Figure 1 James Bay Geology - Midland Projects Figure 2 Mythril - Mythril Regional Location MONTREAL, Sept. 22, 2022 (GLOBE NEWSWIRE) -- Midland Exploration Inc. (“Midland”) (TSX-V: MD) solidified its land position on its Mythril and Mythril Regional Cu-Mo-Au-Ag projects (wholly owned by Midland) located in Eeyou Istchee James Bay, Quebec and is evaluating their lithium potential. Midland discovered the copper-gold mineral system Mythril by prospecting in late 2018 and concluded a strategic inves
Markel International, a subsidiary of Markel Corporation (NYSE: MKL) today announces three senior promotions that build out the leadership team within its wholesale claims operation. This latest investment in leadership plays an important part of Markel's strategy to scale further growth across the organisation's wholesale business.
Canadian retail sales fell more than expected in July, though they likely rebounded slightly in August, Statistics Canada data showed on Friday, indicating interest rate increases by the Bank of Canada are slowing consumer spending. Retail sales fell 2.5% in July, the first decline in seven months and missing analyst forecasts of a 2.0% slump, Statistics Canada data showed. A preliminary estimate showed August retail sales likely edged up 0.4%.
The Canadian dollar weakened to its lowest level in more than two years against its U.S. counterpart on Thursday as a wave of central bank interest rate hikes added to concern about the global economic outlook. Benchmark U.S. Treasury yields climbed to an 11-year high and Wall Street fell as central banks, including the Bank of England, continued raising interest rates in a fight against inflation that could trigger a recession. It follows the Federal Reserve's move on Wednesday to hike by three-quarters of a percentage point and signal further large increases to come.
The Canadian dollar weakened to its lowest level in more than two years against its U.S. counterpart on Thursday as a wave of central bank interest rate hikes added to concern about the global economic outlook. Benchmark U.S. Treasury yields climbed to an 11-year high and Wall Street fell as central banks, including the Bank of England, continued raising interest rates in a fight against inflation that could trigger a recession. It follows the Federal Reserve's move on Wednesday to hike by three-quarters of a percentage point and signal further large increases to come.
Canada's resource-heavy main stock index posted its biggest decline in more than three months on Friday and the Canadian dollar extended its recent decline as oil prices tumbled and investors grew more worried about the global economic outlook. The Toronto Stock Exchange's S&P/TSX composite index ended down 521.70 points, or 2.8%, at 18,480.98, its biggest decline since June 16 and its lowest closing level in more than two months. For the week, the TSX lost 4.7% as worries about the economic impact of central bank tightening overshadowed domestic data showing an easing of inflation pressures.
Watson Goepel LLP ("Watson Goepel" or the "Firm"), is pleased to announce that the Hon. Richard B.T. Goepel, K.C. has joined the Firm as Senior Counsel effective September 7, 2022. Mr. Goepel returns to Watson Goepel following his retirement from the BC Court of Appeal. He brings a wealth of experience and knowledge to the Firm after serving on the bench for over 20 years.