Some of the top performing companies traded Thursday on the Toronto Stock Exchange:
Toronto Stock Exchange (19,002.68, down 181.86 points)
TC Energy Corp. (TSX:TRP). Power. It fell 15 cents, or 0.24 percent, to $62.51 on 8.8 million shares.
Barrick Gold Corp. (TSX:ABX). Building materials. It was down eight cents, or 0.39 percent, to $20.34 on 8.5 million shares.
Suncor Energy Inc. (TSX:SU). Power. It fell 11 cents, or 0.27 percent, to $40.72 on 6.6 million shares.
Canadian Natural Resources Ltd. (TSX: CNQ). Power. down 97 cents, or 1.4 percent, to $68.54 on 5.8 million shares.
Toronto-Dominion Bank (TSX:TD). Finance. It rose 17 cents, or 0.2 percent, to $86.22 on 5.3 million shares.
Cenovus Energy Inc. (TSX:CVE). Power. It fell 66 cents, or 2.78 percent, to $23.06 on 5.1 million shares.
Stelco Holdings Inc. (TSX:STLC). It rose $2.70 or 8.42 percent to $34.76. The company is offering to buy back about half of its outstanding shares at a price of $35 per share. Under the IPO bid, the company says it is looking to buy up to 30 million shares or 47.4 percent of its outstanding shares for a total purchase price of up to $1.05 billion. The terms of the offering are similar to the large takeover bid Stelco made earlier this year in which the company purchased 5,165,133 shares for a total of approximately $181 million.
Hydro One Ltd. (TSX:H). It rose 24 cents, or 0.69 percent, to $35.14. The company says it is offering First Nations a 50 percent equity investment in new transmission line projects worth more than $100 million. The power company announced the new plan following the signing of an agreement this spring with eight First Nations represented by the Gwayakocchigewin Limited Partnership for the Waasigan Transmission Line project.
This Canadian Press report was originally published on September 22, 2022.
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