TORONTO — Some of the most active companies traded Friday on the Toronto Stock Exchange:
Toronto Stock Exchange (21,186.38, down 464.03 points.)
Algonquin Power & Utilities Corp. (TSX:AQN). Utilities. Down 28 cents or 1.4 per cent to $19.38 on 19 million shares.
Royal Bank of Canada (TSX:RY). Financials. Down $5.81, or 4.2 per cent, to $132.76 on 10.2 million shares.
Enbridge Inc. (TSX:ENB). Energy. Down $1.22, or 2.1 per cent, to $57.07 on 9.6 million shares.
Kinross Gold Corp. (TSX:K). Materials. Down 22 cents, or 3.1 per cent, to $6.95 on 9.4 million shares.
NorZinc Ltd. (TSX:NZC). Materials. Down one cent, or 28.6 per cent, to 2.5 cents on 8.7 million shares.
Athabasca Oil Corp. (TSX:ATH). Energy. Down eight cents, or 3.1 per cent, to $2.54 on 7.4 million shares.
Companies in the news:
Alterna Savings and Credit Union Ltd. — Alterna Savings and Credit Union Ltd. has signed a deal to acquire the majority of the assets of the troubled PACE Savings and Credit Union. Financial terms of the deal were not immediately available. PACE was placed under administration by the predecessor of Ontario’s Financial Services Regulatory Authority in September 2018 due to concerns about board governance and misconduct by certain executives. The regulator says the deal follows an assessment of the options available to PACE in light of the impact of pre-administration mismanagement and the COVID-19 pandemic. Alterna CEO Rob Paterson says the credit union looks forward to bringing a new era of stability and confidence to PACE’s members and employees. Alterna Savings has more than 184,000 members and a network of 34 branches across Ontario. The transaction is expected to close in the second quarter of this year, subject to customary closing conditions, including regulatory approval.
Hudson’s Bay Co. — Hudson’s Bay Co., North America’s oldest company with fur trading roots entwined with Canada’s Indigenous Peoples, is calling the donation of its landmark Winnipeg building to a First Nations group an act of reconciliation. The retailer announced the gift of the nearly century-old sprawling limestone building to the Southern Chiefs’ Organization on Friday. Grand Chief Jerry Daniels called the donation a “historic and monumental” step toward reconciliation in Canada. The powerful symbolism of having a colonial store in the hands of Indigenous Peoples will stand as a “beacon of hope,” Daniels said. HBC, now a holding company with real estate, department stores and e-commerce operations, started in 1670 as a fur trading business. Its complex history is closely tied to colonial expansion as it established an exclusive and exploitative trading monopoly with Indigenous Peoples. The company’s Winnipeg store opened in 1926.
This report by The Canadian Press was first published April 22, 2022.