Toronto Stock Exchange sees mixed performance; Rogers Communications countersues former CEO

On Tuesday, several companies on the Toronto Stock Exchange experienced a mixed day of trading. The Toronto Stock Exchange itself saw a decline, closing at 20,413.76 after losing 131.60 points.

In the healthcare sector, Canopy Growth (TSX:WEED) (NASDAQ:CGC) Corp. (TSX:WEED) saw a significant increase of 25.68%, or 19 cents, with its shares trading at 93 cents on an exchange of 18.8 million shares. Similarly, Tilray (TSX:TLRY) Brands Inc. (TSX:NASDAQ:TLRY) also experienced an uptick with its shares rising by 4.44%, or 18 cents, to C$4.23 on a volume of 5.5 million shares.

Energy sector companies also performed well on Tuesday. Suncor Energy Inc (TSX:SU). (TSX:NYSE:SU) saw its shares rise by 39 cents, or 0.84%, to C$46.84 on an exchange of 15.7 million shares. Canadian Natural Resources Ltd (TSX:CNQ) . (TSX:NYSE:CNQ) also saw an increase in its shares by 79 cents, or 0.89%, to C$89.12 on a volume of 13.9 million shares. Additionally, TC Energy (TSX:TRP) Corp.'s (TSX:NYSE:TRP) shares increased slightly by six cents, or 0.12%, to C$49.57 on an exchange of 9.8 million shares.

However, not all companies experienced gains on Tuesday's market activity. Manulife Financial (TSX:MFC) Corp.'s (TSX:NYSE:MFC) share price dropped slightly by four cents, or 0.16%, to C$25.30 on an exchange of 11 million shares.

In the transportation sector, TFI International Inc (TSX:TFII). (TSX:NYSE:TFII) announced it had signed a deal to acquire Vedder Transportation Group, which specializes in the transport of food grade liquids and dry bulk commodities. Despite the announcement, TFI International's shares fell by C$1.97, or 1.04%, to C$184.96.

In other news, Rogers (NYSE:ROG) Communications Inc.'s (TSX:RCI.B) share price dropped by 85 cents, or 1.52%, to C$54.99 following the company's announcement that it is launching a countersuit against former CEO Joe Natale for over C$15 million in severance pay after his dismissal from the company.

Rogers Communications (TSX:RCIa) claimed in their filing at the Ontario Superior Court that Natale attempted to undermine corporate governance and his fiduciary duties for personal gain and stated that it has no further obligations to the former CEO who must now answer for his conduct.

This countersuit comes less than three weeks after Natale filed a lawsuit against Rogers for wrongful dismissal and breach of contract while alleging malicious conduct from chairman Edward Rogers.

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