TORONTO — Some of the most active companies traded Friday on the Toronto Stock Exchange:
Toronto Stock Exchange (20,928.10, up 108.16 points.)
Trevali Mining Corp. (TSX:TV). Materials. Up 0.7 of a cent, or 3.41 per cent, to 22.8 cents on 12.4 million shares.
Athabasca Oil Corp. (TSX:ATH). Energy. Up eight cents, or eight per cent, to $1.08 on 8.8 million shares.
Hut 8 Mining Corp. (TSX:HUT). Technology. Up $2.01, or 15.4 per cent, to $15.06 on eight million shares.
Baytex Energy Corp. (TSX:BTE). Energy. Up one cent, or 0.26 per cent, to $3.82 on 7.9 million shares.
TC Energy Corp. (TSX:TRP). Energy. Up $1.39, or 2.14 per cent, to $66.39 on 6.7 million shares.
The Toronto-Dominion Bank. (TSX:TD). Financials. Up $1.50, or 1.75 per cent, to $87.01 on 6.6 million shares.
Companies in the news:
Toronto-Dominion Bank — Canada's Big Six banks together announced Friday that they will join the global Net-Zero Banking Alliance championed by former Bank of Canada governor Mark Carney. The commitment by the banks, which include Bank of Montreal, Canadian Imperial Bank of Commerce, National Bank of Canada, Royal Bank of Canada, Bank of Nova Scotia and TD Bank, comes ahead of the UN climate summit set to start in Glasgow at the end of the month and where a major focus will be on finding the finances to fund the climate promises. The industry-led alliance commits signatory banks to aligning their lending and investment portfolios with net-zero emissions by 2050, as well as to setting intermediate reduction targets for 2030 or sooner. The alliance, part of the wider Glasgow Financial Alliance for Net-Zero that is chaired by Carney, also requires members to publish emissions data and take a "robust approach" to carbon offsets. Carney said in a statement that the financial systems need to transform to ensure a "prosperous and just transition to net-zero" and that by joining the alliance, Canadian banks are "bringing their deep expertise and strong balance sheets to drive solutions for the sustainable economy." The alliance has, however, come under criticism for not going far enough, including ads published last week by more than 90 environmental groups that urged Carney to be more ambitious with membership requirements.
Canopy Growth Corp. (TSX:WEED). Down 45 cents or 2.7 per cent to $16.52. Drake has invested in a Toronto cannabis company months after his partnership ended with Canopy Growth Corp. Bullrider announced the rapper's involvement in the pot company today, but did not share the size of his investment. Bullrider says Drake will also take on a partner and strategic adviser role and help develop the company's strategy for the North American market. Drake had been dabbling in the Canadian cannabis market with his More Life Growth Company, which partnered with pot giant Canopy Growth in 2019, before the two parted ways in June. Drake collaborator and producer Noah "40" Shebib co-owns Bullrider, whose products he credits with helping him manage multiple sclerosis. The company is working on opening a farmgate cannabis store in Brampton, Ont., this month.
Olymel — The chief executive of Quebec-based meat processor Olymel has died from cancer at the age of 71. Réjean Nadeau had a long career in the sector, joining La Coop fédérée (now Sollio Groupe coopératif) in 1976 and having managed OIymel since 1996. He was responsible for an expansion that allowed Olymel to be active in Quebec, Ontario, New Brunswick, Saskatchewan and Alberta. The company says Nadeau died of sudden and virulent cancer. He is survived by his wife, two children and grandchildren. He informed the Olymel team of his inability to continue his duties due to the illness on Oct. 7. Yanick Gervais, senior vice-president of operations, has been appointed interim president and CEO.
This report by The Canadian Press was first published Oct. 15, 2021.
The Canadian Press