TORONTO — Some of the most active companies traded Wednesday on the Toronto Stock Exchange:
Toronto Stock Exchange (20,595.89, up 4.91 points.)
Suncor Energy Inc. (TSX:SU). Energy. Up 50 cents, or 1.4 per cent, to $35.36 on 11.9 million shares.
Cenovus Energy Inc. (TSX:CVE). Energy. Down one cent, or 0.1 per cent, to $18.37 on 9.2 million shares.
Enbridge Inc. (TSX:ENB). Energy. Up 56 cents, or 1.1 per cent, to $52.30 on 7.9 million shares.
Baytex Energy Corp. (TSX:BTE). Energy. Down three cents, or 0.7 per cent, to $4.43 on 7.7 million shares.
Bombardier Inc. (TSX:BBD.B). Industrials. Down two cents, or 1.2 per cent, to $1.68 on 6.4 million shares.
Manulife Financial Corp. (TSX:MFC). Financials. Up 45 cents, or 1.8 per cent, to $25.73 on 6.3 million shares.
Companies in the news:
Brookfield Renewable. (TSX:BEPC). Up $1 or 2.5 per cent to $41.34. Brookfield Renewable has purchased clean power developer Urban Grid for US$650 million, making it one of the largest renewable energy developers in the United States. The company says the addition of Urban Grid’s projects roughly triples its U.S. development pipeline to about 31,000 megawatts of capacity. Mitch Davidson, chief executive officer of Brookfield Renewable’s U.S. business, says the acquisition provides the company with strategic access to key U.S. markets, deepening its development capabilities and accelerating its growth. Brookfield Renewable operates one of the world’s largest publicly traded, pure-play renewable power platforms, with a portfolio of hydroelectric, wind, solar and storage facilities in North America, South America, Europe and Asia. Urban Grid has utility-scale solar and energy storage projects totalling about 20,000 megawatts of planned capacity across 12 U.S. states. The company says it has nearly 2,000 megawatts of under-construction or ready-to-build solar projects, with an additional 4,000 megawatts of derisked advanced stage buildout opportunities. Frank DePew, president and CEO of Urban Grid, says the acquisition by Brookfield Renewable will enable Urban Grid to enter the next phase of growth.
The Toronto-Dominion Bank (TSX:TD). Up 35 cents to $100.22. TD Bank Group says it plans to hire more than 2,000 people to fill new technology roles this year as it pushes further into areas like artificial intelligence and cloud-based operations. The bank says the new positions will focus on technologies and processes to drive investments and power "the future of banking." The hiring plans mark a jump from last year when it says it hired about 300 into technology roles, while overall the bank says the wave of hiring will boost its tech-focused employee base by some 15 to 20 per cent. TD's hiring plans come amid an industry-wide focus on attracting and retaining technology skills. The bank says attracting skilled workers is critical to the company's technology transformation and development of new capabilities, including engineering, automation tools, artificial intelligence, cloud technology and advancing cybersecurity defences. On Wednesday, the bank also announced it was ramping up its partnership with Microsoft's Azure cloud with plans to establish a broader database on the platform.
This report by The Canadian Press was first published Jan. 26, 2022.
The Canadian Press
