TORONTO — Some of the most active companies traded Tuesday on the Toronto Stock Exchange:
Toronto Stock Exchange (20,023.46, up 3.76):
Barrick Gold Corp. (TSX:ABX). Materials. Up 89 cents, or 3.91 per cent, to $23.66 on 12.4 million shares.
Suncor Energy Inc. (TSX:SU). Energy. Up 81 cents, or 1.96 per cent, to $42.16 on 10.5 million shares.
Canadian Imperial Bank of Commerce (TSX:CM). Financials. Down $1.15, or two per cent, to $56.45 on 10.1 million shares.
Canadian Natural Resources Ltd. (TSX:CNQ). Energy. Up $1.45, or 1.93 per cent, to $76.54 on 7.9 million shares.
ARC Resources Ltd. (TSX:ARX). Energy. Up 17 cents, or 0.95 per cent, to $18.02 on 7.8 million shares.
Manulife Financial Corp. (TSX:MFC). Financials. Up 10 cents, or 0.41 per cent, to $24.42 on 6.3 million shares.
Companies in the news:
TC Energy Corp. (TSX:TRP). Up 74 cents, or 1.28 per cent, to $58.59. TC Energy Corp. said it has recovered nearly 2,600 barrels of oil and water from a creek following a leak in its Keystone pipeline last week. The company said vacuum trucks and crews are operating around the clock with multiple booms set up downstream of the release point to contain the oil. TC Energy said oil has not breached the containment area. The company's Keystone pipeline suffered the worst leak in its history last week, when approximately 14,000 barrels of oil spilled into a creek in Washington County, Kan.
Bank of Montreal (TSX:BMO). Down $2.24, or 1.79 per cent, to $122.89. Bank of Montreal said it will raise about $3.15 billion in a public offering and a concurrent private placement of shares after the federal banking regulator announced plans to increase the amount of capital major banks need to have on hand. The Office of the Superintendent for Financial Institutions said last week that the domestic stability buffer will go up by half a percentage point to three per cent as of Feb. 1, 2023. It also increased the possible range of future adjustments to between zero and four per cent, rather than the previous top end of 2.5 per cent. BMO said it plans to use the money raised to align its capital position with the increased regulatory requirements and for general corporate purposes. Under the plan, the bank has agreed to issue and sell 11,805,000 common shares in a public offering at a price of $118.60 per share for total gross proceeds of approximately $1.40 billion.
This report by The Canadian Press was first published Dec. 13, 2022.
The Canadian Press
