TORONTO — Some of the most active companies traded Wednesday on the Toronto Stock Exchange:
Toronto Stock Exchange (20,751.05, down 16.33):
Enbridge Inc. (TSX:ENB). Energy. Down 36 cents, or 0.66 per cent, to $54.12 on 11.8 million shares.
Suncor Energy Inc. (TSX:SU). Energy. Down 56 cents, or 1.21 per cent, to $45.62 on 10.4 million shares.
Manulife Financial Corp. (TSX:MFC). Financials. Up 28 cents, or 1.06 per cent, to $26.61 on 8.9 million shares.
Crescent Point Energy Corp. (TSX:CPG). Energy. Down 33 cents, or 3.32 per cent, to $9.61 on 8.5 million shares.
Athabasca Oil Corp. (TSX:ATH). Energy. Down 10 cents, or 3.41 per cent, to $2.83 on 8.3 million shares.
TC Energy Corp. (TSX:TRP). Energy. Down $3.22, or 5.62 per cent, to $54.11 on eight million shares.
Companies in the news:
TC Energy Corp. — The estimated cost of the Coastal GasLink pipeline has increased by 29 per cent to $14.5 billion, as the company behind the project continues to be dogged by unexpected construction issues and rising labour costs. Calgary-based TC Energy Corp. released the new price tag, up from an earlier estimate of $11.2 billion, for the project on Wednesday. The $11.2-billion figure, announced by the company last July, was itself a significant increase from an earlier cost projection of $6.6 billion.
Bank of Montreal (TSX:BMO). Down 12 cents, or 0.09 per cent, to $133.78. BMO Financial Group said it has closed its US$16.3-billion acquisition of Bank of the West more than 13 months after initially announcing the deal. The bank said the closing of the deal adds nearly 1.8 million customers and 500 branches to BMO that, along with its current presence in the U.S., gives it a footprint in 32 states. Erminia (Ernie) Johannson, North American personal and business banking group head, said the deal gives the bank the needed scale to compete and grow.
This report by The Canadian Press was first published Feb. 1,2023.
The Canadian Press