Some of the most active companies traded Friday on the Toronto Stock Exchange:
Toronto Stock Exchange (16,382.20, up 74.47 points).
Bombardier Inc. (TSX:BBD.B). Industrials. Down one cent, or 0.45 per cent, to $2.20 on 9.7 million shares.
Encana Corp. (TSX:ECA). Energy. Up 18 cents, or 2.75 per cent, to $6.72 on 8.3 million shares.
Enbridge Inc. (TSX:ENB). Energy. Up 72 cents, or 1.55 per cent, to $47.30 on 6.6 million shares.
Barrick Gold Corp. (TSX:ABX). Materials. Up eight cents, or 0.39 per cent, to $20.67 on 5 million shares.
Manulife Financial Corp. (TSX:MFC). Financials. Up two cents, or 0.08 per cent, to $23.80 on 4.8 million shares.
B2Gold Corp. (TSX:BTO). Materials. Up nine cents, or 2.31 per cent, to $3.98 on 4.5 million shares.
Companies in the news:
BCE Inc. (TSX:BCE). Down 15 cents to $59.28. The announcement Friday that George Cope will retire in January after nearly 12 years as chief executive of BCE Inc. has focused fresh attention on the sprawling telecom and media giant as the industry undergoes fundamental changes. The Montreal-based company, which owns Bell Canada, CTV Inc., and a portion of Maple Leaf Sports and Entertainment Ltd., said chief operating officer Mirko Bibic will take over from Cope on Jan. 5, 2020. The COO position had been vacant since Cope held it prior to replacing Michael Sabia as CEO in 2008.
SNC-Lavalin Group Inc. (TSX:SNC). Up 28 cents to $26.48. Lawyers representing SNC-Lavalin Group Inc. have opted for trial by judge alone in a corruption case that has loomed over the engineering giant. The Montreal-based firm is accused of paying $47.7 million in bribes to public officials in Libya between 2001 and 2011. SNC-Lavalin, its construction division and a subsidiary also face one charge each of fraud and corruption for allegedly defrauding various Libyan organizations of $129.8 million. Being found guilty could result in it being blacklisted and shut out of lucrative federal contracts for a period of 10 years as well as undermining its international business opportunities.
Canopy Growth Corp. (TSX:WEED). Down 49 cents to $52.87. Constellation Brands Inc. was “not pleased” with Canopy Growth Corp.’s recent year-end results as the alcohol giant recorded a US$106-million loss in its own financial first quarter in connection with its stake in the Canadian cannabis company. The New York-based alcoholic beverage company’s chief executive Bill Newlands, however, said challenges were to be expected, pointing to the slow rollout of recreational pot stores in Ontario, among other headwinds for the pot industry.
Hydrogenics Corp. (TSX:HYG). Down 84 cents or 4.1 per cent to $19.47. Cummins Inc. is moving to take a majority ownership stake in Hydrogenics Corp. in a friendly deal that values the Canadian hydrogen fuel cell company at about $380 million. Hydrogenics shares were halted ahead of the announcement that Cummins is offering US$15 in cash or shares to buy out other shareholders. The stock fell Friday to $19.49 in Toronto and US$14.91 on Nasdaq after trading resumed. Hydrogenics has essentially doubled in value since dipping to a close of US$7.31 on May 9.
The Canadian Press