TORONTO — Some of the most active companies traded Wednesday on the Toronto Stock Exchange:
Toronto Stock Exchange (20,599.60, down 29.95):
Royal Bank of Canada (TSX:RY). Financials. Down $1.63, or 1.21 per cent, to $133.49 on 14.7 million shares.
Enbridge Inc. (TSX:ENB). Energy. Up $1.37, or 2.47 per cent, to $54.18 on 10.9 million shares.
Manulife Financial Corp. (TSX:MFC). Financials. Up 29 cents, or 1.13 per cent, to $26.03 on nine million shares.
Shaw Communications Inc. (TSX:SJR.B). Telecom. Up 32 cents, or 0.81 per cent, to $39.82 on 8.9 million shares.
Shopify Inc. (TSX:SHOP). Technology. Up $6.25, or 10.95 per cent, to $63.34 on 8.5 million shares.
Suncor Energy Inc. (TSX:SU). Energy. Down 43 cents, or 0.96 per cent, to $44.35 on 8.2 million shares.
Companies in the news:
Shopify Inc. — Shopify Inc. is raising prices for three of its service plans after they remained “largely unchanged” for 12 years. The Ottawa-based e-commerce technology company said its basic plan will now cost $51 per month, up from $38, while its mid-range Shopify plan will move from $99 per month to $132 and its advanced plan will increase from $389 each month to $517. Existing merchants that switch their plan from monthly to yearly terms will keep the current, lower monthly prices before the new rates take effect on April 23.
Ritchie Bros. Auctioneers Inc. (TSX:RBA). Down 70 cents, or 0.89 per cent, to $77.87. Investment firm Luxor Capital Group LP remains opposed to Ritchie Bros. Auctioneers Inc.’s deal to buy IAA Inc. despite changes to the agreement. Luxor, which holds a 3.6 per cent stake in the auctioneer, said the revised deal does little for Ritchie Bros. shareholders. It is also critical of a US$500-million financing deal with Starboard Value LP that was announced alongside the changes. Ritchie Bros. amended its proposal to buy IAA earlier this week to increase the proportion of cash offered and trim the overall value of the bid.
This report by The Canadian Press was first published Jan. 25, 2023.