TORONTO – Some of the most active companies traded Friday on the Toronto Stock Exchange:
Toronto Stock Exchange (19,387.72, down 151.29):
Wallbridge Mining Company Ltd. (TSX:WM). Materials. Down three cents, or 20 per cent, to 12 cents on 36 million shares.
Cenovus Energy Inc. (TSX:CVE). Energy. Down 47 cents, or 2.16 per cent, to $21.34 on 19.6 million shares.
Capstone Copper Corp. (TSX:CS). Materials. Up 24 cents, or 4.17 per cent, to $5.99 on 19.1 million shares.
Toronto-Dominion Bank (TSX:TD). Financials. Down $1.43, or 1.80 per cent, to $77.90 on 16.7 million shares.
Barrick Gold Corp. (TSX:ABX). Materials. Up $1.03, or 4.32 per cent, to $24.89 on 15.3 million shares.
ECN Capital Corp. (TSX:ECN). Financials. Down three cents, or 0.83 per cent, to $3.57 on 15.1 million shares.
Companies in the news:
Canadian Pacific Railway Ltd. (TSX:CP). Down $3.16, or 2.89 per cent, to $106.14. Canadian Pacific Railway Ltd. has announced it will officially combine with Kansas City Southern Railway Co. on April 14, under the new banner of Canadian Pacific Kansas City. The U.S. rail regulator approved the US$31-billion deal this week, clearing the final hurdle in CP’s bid to buy KCS and create the only railway stretching from Canada through to the U.S. and Mexico.
Hexo Corp. (TSX:HEXO). Down 31 cents, or 15.20 per cent, to $1.73. Hexo Corp.’s chief executive said he’s seen a “price war” take shape over the last five months that could cause “significant” damage to Canada’s cannabis industry. Charlie Bowman says there are many smaller and independent pot retailers that are “bleeding” because of the higher number of rivals and their tendency to undercut one another. He said the industry’s pricing troubles have been compounded by the illicit market, which Bowman noticed had “fantastic” growth this year, challenging licensed cannabis producers. The Gatineau, Que.-based cannabis company’s net revenues for the second quarter of the company’s financial year were $24.2 million, down 54 per cent from a year earlier and down 32 per cent from the previous quarter.
This report by The Canadian Press was first published March 17, 2023.
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