TORONTO — Some of the most active companies traded Tuesday on the Toronto Stock Exchange:
Toronto Stock Exchange (16,236.13, down 174.06 points.)
Bank of Nova Scotia. (TSX:BNS). Financials. Up 15 cents, or 0.27 per cent, to $55.95 on 14.7 million shares.
Toronto-Dominion Bank. (TSX:BNS). Financials. Down 20 cents, or 0.32 per cent, to $63.28 on 13.9 million shares.
Suncor Energy Inc. (TSX:SU). Energy. Down 10 cents, or 0.62 per cent, to $15.94 on 7.6 million shares.
Canadian Natural Resources (TSX:CNQ). Up 24 cents, or 1.12 per cent, to $21.64 on 7.2 million shares.
Bombardier Inc. (TSX:BBD.B). Industrials. Unchanged at 34.5 cents on 7 million shares.
New Gold Inc. (TSX:NGD). Materials. Up six cents, or 2.33 per cent, to $2.64 on 6.5 million shares.
Companies in the news:
Bonterra Energy Corp. (TSX:BNE). Up three cents or 2.7 per cent to $1.13. Bonterra Energy Corp. says a hostile buyout offer by Calgary-based rival Obsidian Energy Ltd. is more of a “take-under” than takeover bid because it’s out of step with its market value. In a firm rejection of the offer to pay two Obsidian shares for each Bonterra share, the target company’s board of directors notes that holders of 30 per cent of its shares have committed to not tender their stock, including all of its directors and management. The share price of Bonterra has consistently been greater than two times the Obsidian share price on the Toronto Stock Exchange since the idea of a merger was put forward in the form of a letter to Bonterra chairman and CEO George Fink in August.
This report by The Canadian Press was first published Oct. 6, 2020.
The Canadian Press