TORONTO — Some of the most active companies traded Monday on the Toronto Stock Exchange:
Toronto Stock Exchange (20,919.40, up 170.82 points.)
Enbridge Inc. (TSX:ENB). Energy. Up 57 cents, or one per cent, to $59.35 on 8.8 million shares.
Manulife Financial Corp. (TSX:MFC). Financials. Up 25 cents, or 1.1 per cent, to $23.41 on 6.1 million shares.
Western Energy Services Corp. (TSX:WRG). Energy. Unchanged at four cents on 5.3 million shares.
Suncor Energy Inc. (TSX:SU). Energy. Up 90 cents, or 1.7 per cent, to $52.56 on 5.2 million shares.
Athabasca Oil Corp. (TSX:ATH). Energy. Up 14 cents, or 5.5 per cent, to $2.70 on 5.1 million shares.
Baytex Energy Corp. (TSX:BTE). Energy. Up 28 cents, for 4.1 per cent, to $7.16 on 4.9 million shares.
Companies in the news:
Rogers Communications Inc. (TSX:RCI.B). Down 68 cents or one per cent to $64.95. Rogers Communications Inc. and Shaw Communications Inc. say they will oppose a hearing by the Competition Tribunal but have agreed not to close their $26-billion merger until objections by the Competition Bureau are resolved. In a statement Monday afternoon, Rogers and Shaw said the agreement with the commissioner of competition, Matthew Boswell, "allows the parties to focus on addressing (his) concerns with the transaction in order to reach a settlement." On May 9, the commissioner of competition filed an application to block Rogers' purchase of Shaw, arguing that the transaction would lead to worse service and higher prices for consumers. In the agreement with the Competition Bureau, the two telecoms say they don't agree with the commissioner's conclusions. In a release of its own, the Competition Bureau said Rogers and Shaw have agreed to a preliminary injunction that prevents them from closing the proposed deal "until the commissioner’s challenge is heard and decided by the Competition Tribunal."
Brookfield Asset Management Inc. (TSX:BAM.A). Up 88 cents or 1.4 per cent to $65.17. Brookfield Asset Management Inc. is selling its U.K.-based student housing business to Singapore sovereign wealth fund GIC Private Ltd. and U.S. property manager Greystar Real Estate Partners LLC. Brookfield got into the U.K. student housing market six years ago and helped develop what is now Student Roost. Brad Hyler, head of Brookfield's European real estate business, says the Toronto-based company has transformed Student Roost into one of the U.K.'s largest purpose-built student accommodation providers. Student Roost boasts 23,000 beds with 3,000 more in the pipeline. The transaction is expected to close in the third quarter of 2022 and is subject to "customary closing conditions." The terms of the deal were not disclosed.
This report by The Canadian Press was first published May 30, 2022.
The Canadian Press
