Some of the most active companies traded Friday on the Toronto Stock Exchange:
Toronto Stock Exchange (16,037.49, down 51.75 points).
Avalon Advanced Materials Inc. (TSX:AVL). Materials. Down 1.5 cent, or 1.46 per cent, to 12 cents on 7.7 million shares.
First Quantum Minerals Ltd. (TSX:FM). Materials. Down 17 cents, or 1.7 per cent, to $9.84 on 7.5 million shares.
Bombardier Inc. (TSX:BBD.B). Industrials. Up one cent, or 0.5 per cent, to $2.03 on 7.4 million shares.
Encana Corp. (TSX:ECA). Energy. Down 33 cents, or 4.42 per cent, to $7.13 on 6.6 million shares.
Aurora Cannabis Inc. (TSX:ACB). Health care. Down 53 cents, or 4.91 per cent, to $10.27 on 5.6 million shares.
Enbridge Inc. (TSX:ENB). Energy. Up 13 cents, or 0.26 per cent, to $49.76 on 5.5 million shares.
TORONTO — Video creators are calling on YouTube to make stronger commitments to Canadian productions after the company announced it’ll close its only permanent studio in the country. The Google-owned technology firm sent an email to its creator community on Thursday outlining plans to replace its Toronto studio with “pop-up” locations in different regions across Canada.
OTTAWA — A preliminary estimate by the Finance Department says the federal government posted a deficit of $11.8 billion for its 2018-19 fiscal year, down from $16.7 billion for 2017-18. The Liberals’ spring budget had forecast a deficit of $14.9 billion for the 2018-19 fiscal year which ended on March 31. The shortfall came as the monthly fiscal monitor report said revenue rose $24.7 billion, or 8.1 per cent, due to increases in tax revenues and other revenues.
OTTAWA — Canada’s economic expansion remained sluggish in the first three months of the year, giving the country its weakest back-to-back quarters of growth since 2015. But stronger data for March — the final month of the first quarter — suggests Canada’s economy is in the process of bouncing back from its hibernation. The economy expanded at an annualized pace of just 0.4 per cent in the first quarter, slightly above a revised reading of 0.3 per cent in the final months of 2018, Statistics Canada said Friday.