Some of the most active companies traded Friday on the Toronto Stock Exchange:
Toronto Stock Exchange (15,946.17, down 60.50 points).
Aurora Cannabis Inc. (TSX:ACB). Health care. Up 65 cents, or 5.35 per cent, to $12.81 on 23.7 million shares.
Trinidad Drilling Ltd. (TSX:TDG). Energy. Up nine cents, or 4.89 per cent, to $1.93 on 15.9 million shares.
RNC Minerals. (TSX:RNX). Metals. Up six cents, or 8.11 per cent, to 80 cents on 13.1 million shares.
Manulife Financial Corp. (TSX:MFC). Financials. Down 68 cents, or 3.02 per cent, to $21.86 on 8.7 million shares.
Precision Drilling Corp. (TSX:PD). Energy. Down 14 cents, or 3.15 per cent, to $4.30 on 7 million shares.
Aphria Inc. (TSX:APH). Health care. Down 10 cents, or 0.61 per cent, to $16.31 on 6.1 million shares.
Companies reporting major news:
Precision Drilling Corp. (TSX:PD). Energy. Down 14 cents to $4.30. Two of Canada’s largest oil and gas drillers have agreed to combine in a deal worth about $1.03 billion, positioning them to have the third-largest contract drilling fleet in the United States. Under the friendly deal reached by the two Calgary-based companies, Precision Drilling Corp. will buy Trinidad Drilling Ltd. in exchange for shares worth about $540 million. Precision will also assume $477 million in debt. If the deal closes as expected, Trinidad shareholders will own about 29 per cent of Precision, which is Canada’s biggest contract drilling company.
Shopify Inc. (TSX:SHOP). Down $3.31 or 1.7 per cent to $189.04. The company’s vice president is “very confident” that the first day of recreational pot sales in Canada will be smooth on websites backed by its software because “cannabis isn’t Kylie Cosmetics.” While pot demand may be high on Oct. 17, it is unlikely to exceed the tens of thousands of orders of Lip Kits per minute on Kylie Jenner’s company website, which uses Shopify, said the Ottawa-based e-commerce company’s vice president and general manager Loren Padelford.
The Canadian Press