Most actively traded companies on the Toronto Stock Exchange

TORONTO — Some of the most active companies traded Friday on the Toronto Stock Exchange:

Toronto Stock Exchange (20,490.36, down 111.74 points.)

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Bombardier Inc. (TSX:BBD.B). Industrials. Up one cent, or 0.53 per cent, to $1.90 on 84.5 million shares.

Inter Pipeline Ltd. (TSX:IPL). Energy. Down five cents, or 0.25 per cent, to $19.90 on 32.5 million shares.

Birchcliff Energy Ltd. (TSX:BIR). Energy. Down 29 cents, or 4.34 per cent, to $6.39 on 19.5 million shares.

GoGold Resources Inc. (TSX:GGD). Materials. Unchanged at $2.93 on 18.3 million shares.

Suncor Energy Inc. (TSX:SU). Energy. Down 16 cents, or 0.64 per cent, to $24.67 on 16.7 million shares.

Enbridge Inc. (TSX:ENB). Energy. Down 17 cents, or 0.33 per cent, to $50.66 on 14.7 million shares.

Companies in the news:

Royal Bank of Canada. (TSX:RY). Down $1.91 or 1.5 per cent to $127.66. RBC Capital Markets LLC has agreed to pay more than US$800,000 to settle U.S. Securities and Exchange Commission charges over the way municipal bond offerings were allocated. The U.S. regulator said Friday that over a nearly four-year period, RBC improperly allocated bonds intended for institutional customers and dealers. The SEC says the bonds went to "flippers," who then resold or "flipped" the bonds to other broker-dealers at a profit. The SEC said that without admitting or denying the findings, RBC consented to a public administrative and cease-and-desist order that found it violated provisions around disclosure, fair dealing and supervision and that it failed to supervise some of its registered representatives. The bank on Friday said it had no comment on the case. RBC was ordered to pay a US$150,000 penalty, disgorgement of US$552,440, plus prejudgment interest of US$160,886. The SEC also settled charges against Kenneth Friedrich, RBC's former head of municipal sales, trading and syndication, and Jaime Durando, the head of RBC's municipal syndicate desk.

Enbridge Inc. — Enbridge Inc. has been fined and could face criminal charges for breaching Minnesota environmental laws during the construction of its Line 3 pipeline replacement. The Calgary-based pipeline giant has been ordered by the Minnesota Department of Natural Resources (DNR) to pay $3.32 million for breaching an aquifer containing groundwater during construction of a trench near the company's Clearbrook Terminal. In a statement, the agency said Enbridge began work at the Clearbrook Terminal site in early 2021 but did not follow the construction plans it had provided. It said the company's plans called for the use of traditional trench construction methods at a depth of eight to 10 feet, but Enbridge instead constructed the trench at a depth of approximately 18 feet with sheet piling installed to a depth of 28 feet. The resulting breach of the aquifer caused an unauthorized release of 24.2 million gallons of water, the DNR said, which has had to be pumped, treated and released to a nearby wetland. It also said Enbridge failed to notify the department of the groundwater situation. The agency has referred the matter to the Clearwater County Attorney for criminal prosecution, saying Minnesota law makes it a crime to appropriate waters of the state without a permit.

Canadian National Railway Co. (TSX:CNR). Up $3.47 or 2.4 per cent to $150.32. Canadian National Railway Co. announced a new strategic plan on Friday as it looks to move past its failed bid for a U.S. railway and stave off criticism from an activist investor looking to make leadership changes at the railway. The Montreal-based railway said that as part of the plan it expects in 2022 to reduce capital spending to 17 per cent of revenue, increase operating income by $700 million, and boost efficiency to achieve an operating ratio of 57 per cent for next year. The moves come as British-based investor TCI Fund Management Ltd. pushes for changes at the railway that include a proposal to replace CEO Jean-Jacques Ruest. The investor has been a vocal critic of CN's attempted takeover of the Kansas City Southern railway, which it lost this week to Calgary-based rival Canadian Pacific Railway Ltd. Ruest looked to defend CN's attempt to take over KCS, saying that it learned about growth opportunities during the bid, and it came away US$700 million richer thanks to a break fee.

This report by The Canadian Press was first published Sept. 17, 2021.

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