TORONTO — Some of the most active companies traded Friday on the Toronto Stock Exchange:
Toronto Stock Exchange (20,179.81, up 187.93 points.)
Enbridge Inc. (TSX:ENB). Energy. Down $1.01, or 1.79 per cent, to $55.55 on 22.5 million shares.
Manulife Financial Corp. (TSX:MFC). Financials. Up 52 cents, or 2.18 per cent, to $24.41 on 12.7 million shares.
Suncor Energy Inc. (TSX:SU). Energy. Up $1.13, or 2.78 per cent, to $41.80 on 7.8 million shares.
Athabasca Oil Corp. (TSX:ATH). Energy. Up four cents, or 1.7 per cent, to $2.40 on 7.6 million shares.
Baytex Energy Corp. (TSX:BTE). Energy. Up 13 cents, or 2.03 per cent, to $6.55 on 7.2 million shares.
Toronto-Dominion Bank (TSX:TD). Financials. Up $1.12, or 1.31 per cent, to $86.45 on 6.9 million shares.
Companies in the news:
Telus Corp. (TSX:T). Up 28 cents, or 0.94 per cent, to $30.11. Telus Corp. is trying to add a 1.5 per cent processing fee for customers who use a credit card after a class-action settlement cleared the way for merchants to add the surcharge starting this fall. In a letter to the Canadian Radio-television and Telecommunications Commission, the telecom giant says the surcharge is intended "to cover the processing costs that credit card payments incur." The document, which is dated Monday, seeks permission from the regulatory body to add the fee to its terms of service. Telus competitors Bell, Rogers and Videotron did not respond to requests for comment. In a statement to The Canadian Press, Telus says the average cost each month will be about $2 per customer, who can avoid the fees by selecting another bill payment option, such as debit payments or one-time bank payments.
Rogers Communications Inc. (TSX:RCI.B). Up 31 cents, or 0.53 per cent, to $59.02. Rogers Communications Inc. and Shaw Communications Inc. have signed a definitive agreement with Quebecor Inc. that will see the Montreal-based telecom company acquire wireless carrier Freedom Mobile Inc. Rogers will sell Shaw-owned Freedom to Videotron Ltd., which is owned by Quebecor, for $2.85 billion in a deal it hopes will appease the concerns of federal regulators about its $26-billion proposed takeover of Shaw. The parties said Friday in a news release that the agreement is consistent with the terms agreed upon on June 17 when the deal was first announced, and is subject to regulatory approvals and the closing of the merger of Rogers and Shaw. The sale will see Quebecor buy all of Freedom's branded wireless and internet customers as well as all of Freedom’s infrastructure, spectrum and retail locations in a move that would expand Quebecor’s wireless operations nationally. The parties said the combination of Freedom and Videotron will create a strong fourth national carrier and address the concerns raised by the competition commissioner and the minister of innovation, science and industry regarding the Rogers-Shaw transaction.
This report by The Canadian Press was first published Aug. 12, 2022.
The Canadian Press