Hydro One Ltd. fell the most in eight months after agreeing to buy U.S. power supplier Avista Corp. in a $4.4-billion (Canadian) deal that analysts said is too costly and exposes the Canadian energy company to regulatory hassles.
Canada's main stock index eked out a small gain in trading Thursday, boosted by a bump in shares of Rogers Communications Inc. after strength in its wireless business help it beat earnings expectations.
Microsoft stock rose slightly after the company reported its earnings for the fourth quarter of its 2017 fiscal year, which ended on June 30.
Ontario energy prices have skyrocketed significantly higher and faster than the rest of the country over the last nine years, with Torontonians paying twice the national average, according to a report from the right-leaning Fraser Institute.
Premier John Horgan continued to fill out the province's leadership positions Thursday, announcing appointments to major Crown corporations and government organizations to replace Liberal appointees.