Most actively traded companies on the Toronto Stock Exchange

TORONTO – Some of the most active companies traded on the Toronto Stock Exchange on Monday:

Toronto Stock Exchange (20,538.22, down 200.97 points.)

TC Energy Corp. (TSX:TRP). Energy. Up 18 cents, or 0.31 percent, to $58.89 on 13.2 million shares.

Baytex Energy Corp. (TSX:BTE). Energy. Down 17 cents, or 4.9 percent, to $3.31 on 12.4 million shares.

Lundin Mining Corp. (TSX:LUN). Basic materials. Down $1.80, or 16.87 percent, to $8.87 on 8.3 million shares.

Enbridge Inc. (TSX:ENB). Energy. Up 12 cents, or 2.5 percent, to $47.77 on 8.1 million shares.

BCE Inc. (TSX:BCE). Telecommunications. Unchanged at $65.69 on 7.3 million shares.

Suncor Energy Inc. (TSX:SU). Energy. Unchanged at $29.90 on 7.0 million shares.

Companies in the news:

BMO Financial Group (TSX:BMO). Drop from $2.57 or 1.92 percent to $131.54 — BMO Financial Group deepens its presence in the US with a $16.3 billion deal to buy a subsidiary owned by French bank BNP paribas. BMO and its Chicago-based subsidiary BMO Harris Bank announced Monday that it was acquiring Bank of the West from BNP Paribas to bolster its customer base and drive more growth in the coveted market. The acquisition price of $16.3 billion is estimated at 1.5 times the book value of Bank of the West. The deal, which was financed primarily with existing capital, is one of the bank’s first major cash bets after it spent more than a year building its coffers in the event of massive defaults during COVID-19. As government spending averted some of the financial fears bankers had surrounding the pandemic, BMO and other banks remained in a prime position to spend money.

Canadian National Railway Co. (TSX:CNR). Drop from $9.62 or 5.86 percent to $154.50 – Canadian National Railway Co. says Jim Vena has pulled out of the running to become the company’s new CEO. CN says Vena, a former director hired by activist shareholder TCI Fund Management Ltd. prefers to lead the company, told the board on Sunday that he is no longer interested in running the role and has withdrawn from the process. The Montreal-based company says it provided the update on its search process Monday as TCI has convened a special shareholders’ meeting for March 2022, aiming to appoint Vena as CEO of CN. CN says it expects to complete the CEO search process and announce a replacement for outgoing CEO Jean-Jacques Ruest in January. Ruest had been a target for replacement by TCI. CN says the search committee has identified and is still interviewing a number of candidates.

Nutrition Couche-Tard Inc. (TSX:ATD). Up 78 cents or 1.6 percent to $49.67 — Alimentation Couche-Tard Inc. says it has signed a deal with Pic Quik to purchase 19 convenience stores and two non-operational properties in New Mexico. The Quebec-based company says its locations, largely in southern New Mexico, are a strategic fit with its existing network. Alex Miller, Couche-Tard’s Executive Vice President of Operations for North America, said the acquisition will help the company build its strong network across the state. He says the company is pleased to welcome the Pic Quik locations and team to the Circle K family in New Mexico. Financial terms of the acquisition, which closed last week, were not disclosed. Couche-Tard operates more than 14,000 convenience stores in 26 countries and territories, approximately 10,800 of which sell gas.

This report from The Canadian Press was first published on December 20, 2021.