Tamarack Valley Energy Leads Gains in Active Toronto Trading, Aimia Inc. Agrees to Private Placement
Prominent Canadian Companies Experience Significant Movements
Active trading on the Toronto Stock Exchange on Friday saw significant movements among prominent Canadian companies. Tamarack Valley Energy Ltd.’s stock led the gains, rising by 6.58% to $3.89 with 6.4 million shares traded. This was followed by Canadian Natural Resources Ltd., whose stock increased by 1.91% to $91.19 with 7.8 million shares traded, and Cenovus Energy Inc., with its stock growing by 2.56% to $28.81 on 5.6 million shares traded.
Toronto-Dominion Bank Faces Stock Decline
However, not all stocks experienced positive movement. Toronto-Dominion Bank’s stock declined by 0.63% to $80.35 on a volume of 5.3 million shares.
Aimia Inc. Agrees to Private Placement
In other corporate news, Aimia Inc., currently under a $3.66 per share unsolicited takeover bid from Mithaq Canada Inc., a subsidiary of Mithaq Capital SPC, has agreed to a deal for a private placement of shares and warrants. The aim of this deal is to raise up to $32.5 million for operations and strategic investment plans.
Air Canada Extends Flight Suspension to Tel Aviv
Meanwhile, due to regional war fears following Hamas’s attack on Israel, Air Canada has extended its flight suspension to Tel Aviv until the end of October. The airline continues to closely monitor the conflict.
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