Tamarack Valley Energy leads gains in active Toronto trading, Aimia Inc. agrees to private placement

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Tamarack Valley Energy leads gains in active Toronto trading, Aimia Inc. agrees to private placement
Credit: © Reuters.

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 (NYSE: CNQ ) Resources Ltd., whose stock increased by 1.91% to $91.19 with 7.8 million shares traded, and Cenovus Energy (NYSE: CVE ) Inc., with its stock growing by 2.56% to $28.81 on 5.6 million shares traded.

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.

In other corporate news, Aimia Inc., which is 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 deal aims to raise up to $32.5 million for operations and strategic investment plans.

Meanwhile, Air Canada extended its flight suspension to Tel Aviv until the end of October due to regional war fears following Hamas's attack on Israel that began on Saturday last week. The airline continues to monitor the conflict closely.

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