Some of the most active companies traded Friday on the Toronto Stock Exchange:
Toronto Stock Exchange (16,494.43, up 83.55 points).
Bombardier Inc. (TSX:BBD.B). Industrials. Up seven cents, or 3.15 per cent, to $2.29 on 9.7 million shares.
Baytex Energy Corp. (TSX:BTE). Energy. Up 32 cents, or 12.9 per cent, to $2.80 on 8.2 million shares.
Encana Corp. (TSX:ECA). Energy. Down 29 cents, or 3.31 per cent, to $9.06 on 6.9 million shares.
Manulife Financial Corp. (TSX:MFC). Financials. Up 33 cents, or 1.34 per cent, to $24.95 on 6.2 million shares.
Crescent Point Energy Corp. (TSX:CPG). Energy. Up 20 cents, or 4.26 per cent, to $4.90 on 5.3 million shares.
Whitecap Resources Inc. (TSX:WCP). Energy. Up 11 cents, or 2.2 per cent, to $5.12 on 4.7 million shares.
TransCanada Corp. (TSX:TRP). Down 75 cents to $62.63. TransCanada Corp. is officially dropping the word “Canada” from its name, but CEO Russ Girling isn’t saying he expects it will make it any easier to get pipelines approved in Canada or the United States. The company is now to be called TC Energy Corp., after shareholders approved the change at its annual meeting Friday. The company said the name change recognizes its growth into the United States and Mexico, including through its recent US$13-billion purchase of U.S. natural gas transporter Columbia Pipeline Group. It has about 7,000 employees in North America, with 3,500 in Canada, 3,200 in the U.S. and 300 in Mexico.
Hudbay Minerals Inc. (TSX:HBM). Up 26 cents, or 3.02 per cent to $8.86. Hudbay Minerals Inc. says it has reached a settlement agreement with an activist investor that wanted changes to company leadership. The Toronto-based miner says it has agreed with Waterton Global Resource Management on a slate of 11 board of director candidates for the company’s May 7 annual meeting. Hudbay board chairman Alan Hibben will also step down once a new chairman is selected, but will stay on the board until the company’s 2020 annual meeting.
A&W Revenue Royalties Income Fund (TSX:AW.UN). Up $1.75 or 4.22 per cent to $43.21. A&W Revenue Royalties Income Fund increased its distributions to unitholders as it reported its first-quarter profit fell compared with a year ago due to a non-cash charge. The fund says it will now pay a monthly cash distribution of 15.4 cents per unit, up from 14.7 cents per unit. The increased payment to unitholders came as A&W reported a profit of $5.7 million, compared with $6.3 million a year ago due to a non-cash loss on an interest rate swap. Sales reported by the restaurants in the royalty pool increased to $308.8 million while same-store sales increased 10 per cent.
The Canadian Press