Some of the most active companies traded Friday on the Toronto Stock Exchange:
Toronto Stock Exchange (16,525.43, down 49.40 points).
RNC Minerals (TSX:RNX). Materials. Up nine cents, or 14.52 per cent, to 71 cents, on 46.2 million shares.
First Mining Gold Corp. (TSX:FF). Materials. Down three cents, or 12.77 per cent, to 20.5 cents on 39.9 million shares.
New Gold Inc. (TSX:NGD). Materials. Up eight cents, or 8.6 per cent, to $1.01 on 19.2 million shares.
Kinross Gold Corp. (TSX:K). Materials. Up 11 cents, or 2.18 per cent, to $5.15 on 16.1 million shares.
Bombardier Inc. (TSX:BBD.B). Industrials. Unchanged at $2.25 on 15.8 million shares.
Fortuna Silver Mines Inc. (TSX:FVI). Materials. Up three cents, or 0.78 per cent, to $3.87 on 13.9 million shares.
Companies in the news:
Canopy Growth Corp. (TSX:WEED). Down $4.39, or 7.6 per cent, to $53.28. Canopy Growth shares fell after the cannabis company reported an uptick in fourth-quarter net revenues but a wider-than-expected fourth-quarter loss as operating expenses ballooned. Its revenues increased to $94.1 million, from $22.8 million a year earlier, but Canopy’s net loss attributable to shareholders jumped to $335.6 million or 98 cents per share for the quarter, compared with a loss of $61.5 million or 31 cents per share during the same period a year ago. That is three times the net loss of 30 per cents per share expected by analysts, according to Thomson Reuters Eikon.
Manulife Financial Corp. (TSX:MFC). Down eight cents to $23.85. Manulife Financial Corp. has signed a deal to create a retail investment joint venture in India. The Canadian company says it has formed a joint venture with Mahindra and Mahindra Financial Services Ltd. The companies say the joint venture brings together Mahindra’s domestic market strength with Manulife’s global wealth and asset management capabilities. Mahindra Finance, which is part of the Mahindra Group conglomerate, has more than five million customers and over 1,300 offices across India.
Thomson Reuters Corp. (TSX:TRI). Down 71 cents to $87.09. Thomson Reuters Corp. says it has signed a deal to acquire Confirmation, a provider of secure audit confirmation services. Financial terms of the agreement were not disclosed. Thomson Reuters chief executive Jim Smith says the acquisition will strengthen the company’s offerings to its core tax, accounting and audit customers. Confirmation is used by audit firms, banks, law firms, and credit managers to quickly and securely verify financial data.
The Canadian Press