Economy News Shares

Canadian Indexes Mostly Up, Industrials Rise


Canadian Indices up today by close of trade with industrials. Toronto-Dominion Bank. (TSX:TD). Financials. Up 37 cents, or 0.51 per cent, to $72.31 on 19.2 million stocks. Husky Energy Inc. (TSX:HSE). Energy. Up 33 cents, or 5.13 percent, to $6.76 on 15.7 million shares.

Suncor Energy Inc. (TSX:SU). Energy. Up $1.74, or 8.13 per cent, to $23.13 on 9.4 million stocks.

Bank of Nova Scotia. (TSX:BNS). Financials. Up 21 cents, or 0.31 percent, to $67.93 on 8.3 million stocks.

Businesses within the news:

Cenovus Energy Inc. — The new operator for the White Rose offshore oilfield says no decision that is final been made about its future despite a move by partner Suncor Energy Inc. to have a $425-million impairment cost regarding the value of its stake. In a news release Monday that is later stated the purchase of operator Husky Energy Inc. by Calgary rival Cenovus Energy Inc. has cast doubt on the future for the East Coast task and its particular partly built $2.2-billion western White Rose expansion. Cenovus announced the close of its all-stock takeover that is friendly of Energy previously Monday.

TMAC Resources Inc. (TSX:TMR). Up 62 cents or 39.5 per cent to $2.19. The main administrator of Nunavut gold miner TMAC Resources Inc. claims Ottawa’s decision on Dec. 21 to block its sale up to a company that is Chinese his Christmas break, but turned out to be a blessing in disguise.

On Tuesday, TMAC announced a deal to be sold to gold that is Canadian Agnico Eagle Mines Ltd. for $286.6 million, a almost 26 percent jump within the $230 million provided by China’s Shandong Gold Mining Co. Ltd. TMAC shares jumped to complement Agnico Eagle’s offer of $2.20 per share, while Agnico shares dropped as much as 3.3 percent or $3.22 to $92.99.

Spin Master Corp. (TSX:TOY). Up 13 cents to $27.89. Canadian toymaker Spin Master Corp. has resolved the Rubik’s Cube, doing a US$50-million acquisition associated with renowned cube that is multi-colored.

The Toronto-based business, including Paw Patrol, Hatchimals and Gund among its brands, announced its intend to buy Rubik’s Brand Ltd. fall that is final. Spin Master said Tuesday it’s going to continue the puzzle that is 3D legacy, with plans for further innovation across the whole Rubik’s portfolio and expanded distribution through the company’s worldwide impact.

The organization has obtained 22 toy brands since its launch in 1994, with 12 of those scooped up since its initial offering that is general public 2015. Canadian Indices up today by close of trade with industrials.


Billy Houghton

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