TORONTO — Some of the most active companies traded Friday on the Toronto Stock Exchange:
Toronto Stock Exchange (19,270.85, up 128.13 points.)
Suncor Energy Inc. (TSX:SU). Energy. Up 89 cents, or 2.18 per cent, to $41.80 on 14.1 million shares.
Enbridge Inc. (TSX:ENB). Energy. Up 42 cents, or 0.78 per cent, to $54.31 on 7.6 million shares.
Bank of Nova Scotia (TSX:BNS). Financials. Up three cents, or 0.04 per cent, to $71.41 on 6.3 million shares.
Barrick Gold Corp. (TSX:ABX). Materials. Up 43 cents, or 2.25 per cent, to $19.58 on 6.1 million shares.
TC Energy Corp. (TSX:TRP). Energy. Up 17 cents, or 0.27 per cent, to $63.11 on 4.9 million shares.
Lundin Mining Corp. (TSX:LUN). Materials. Up 18 cents, or 2.80 per cent, to $6.60 on 4.6 million shares.
Companies in the news:
Sun Life Financial Inc. (TSX:SLF). Up 26 cents, or 0.45 per cent, to $57.75. Sun Life Financial Inc. has signed a deal to buy a majority stake in U.S. firm Advisors Asset Management Inc. for US$214 million. AAM provides a range of services and products to financial advisers. Under the agreement, Sun Life will acquire a 51 per cent stake in the company, subject to customary adjustments with a put/call option to acquire the remaining 49 per cent starting in 2028. Sun Life is also committing to invest up to US$400 million to launch SLC Management alternative products for the U.S. retail market to be distributed by AAM. AAM has 10 offices across eight U.S. states. The deal is expected to close in the first half of 2023, subject to regulatory approvals and customary closing conditions.
This report by The Canadian Press was first published Sept. 2, 2022.
The Canadian Press
