Ovintiv agrees to buy Logan Energy in $1.26-billion deal

Updated Oct 26, 2026 4:56pm ET

Markets

The S&P/TSX Composite rose 155.98 points, or 0.44%, to close at 35,944.16. Attention turned to the Bank of Canada, with expectations building that it will raise its key rate this week as it considers how pricier energy is affecting the economy. Statistics Canada's advance indicator showed September wholesale sales, excluding petroleum and grain, up 0.5%. In late-afternoon trading, oil was at US$101.28, down 1.93%, and the Canadian dollar was at 0.71320 against the US dollar. In the US, the S&P 500 gained 0.70% to 7,676.77 at the close.

Venture & CSE

The S&P/TSX Venture Composite gained 4.33 points, or 0.53%, to close at 825.28, and the CSE Composite added 1.00, or 0.73%, to 137.55. Ovintiv agreed to buy Logan Energy in a $1.26-billion deal that includes the assumption of debt, and Logan shares rose 6.21% to 1.54 on the TSX Venture. Labrador Gold reported closing a $5.76M non-brokered private placement. On the CSE, Pasinex Resources said it completed a 2,199-metre underground drilling program at its Sarikaya zinc project in Türkiye, with surface rock sampling returning up to 40.0% Zn and surface drilling under way. TruSilver Metals plans to list on the TSXV as TAG after a merger. In late-afternoon trading, gold was at US$4,026.3 and silver at US$53.970.

Market data

Closing index levels; commodities and currencies are late-afternoon trading, not settlements.

Oct 26, 2026 4:55pm ET

TSX Venture most active

Oct 26, 2026 4:45pm ET

TSX Venture gainers

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CSE most active

Oct 26, 2026 4:44pm ET

CSE gainers

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Written by AI based upon public market data and company news releases, and checked automatically before publishing. Company statements are reported as the companies made them. Not investment advice.