Toronto Stock Exchange sees significant fluctuations; Enbridge acquires renewable gas facilities

The Toronto Stock Exchange experienced significant fluctuations on Friday, with shares of several firms seeing notable changes. Energy companies Baytex Energy (NYSE:) Corp and Suncor Energy (NYSE:) Inc witnessed a decline in their shares by 2.73% and 1.79% respectively, while Enbridge (NYSE:) Inc’s shares increased by 0.43%.

In the healthcare sector, Canopy Growth (NASDAQ:) Corp saw its shares rise by 6.17%, closing at 86 cents with 7.7 million shares traded. Similarly, Royal Bank of Canada’s shares rose by 1.10% to $116.05 on 7.5 million shares.

First Quantum Minerals (OTC:) Inc., a mining firm, saw its shares rebound by 11% to $17.46 on 6.9 million shares following the decision by Panamanian lawmakers to scrap the controversial mining contract revocation for its subsidiary Minera Panama.

Enbridge Inc. , an energy company, made a significant move in the renewable energy sector by purchasing seven renewable facilities in Texas and Arkansas from Morrow Renewables for US$1.2 billion. This acquisition positions Enbridge as one of North America’s largest renewable natural gas transporters. The company reported a third-quarter profit of $500 million.

Meanwhile, Magna International (NYSE:) Inc., an auto parts manufacturer, reported a third-quarter net income increase of 36% to US$394 million, surpassing analyst predictions. The company also reported a 15% sales rise to US$10.69 billion.

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