TORONTO — Some of the most active companies traded Friday on the Toronto Stock Exchange:
Toronto Stock Exchange (18,860.95, up 281.66 points):
NorZinc Ltd. (TSX:NZC). Materials. Up half a cent, or 20 per cent, to three cents on 8.9 million shares.
Shopify Inc. (TSX:SHOP). Technology. Down 40 cents, or 0.98 per cent, to $40.54 on 5.7 million shares.
Suncor Energy Inc. (TSX:SU). Energy. Up $1.56, or 3.55 per cent, to $45.50 on 5.6 million shares.
Barrick Gold Corp. (TSX:ABX). Materials. Up 52 cents, or 2.6 per cent, to $20.52 on 5.2 million shares.
Enbridge Inc. (TSX:ENB). Energy. Up 47 cents, or 0.92 per cent, to $51.67 on 5.1 million shares.
Cenovus Energy Inc. (TSX:CVE). Energy. Up 57 cents, or 2.26 per cent, to $25.76 on 4.7 million shares.
Companies in the news:
Cronos Group Inc. (TSX:CRON). Up five cents, or 1.27 per cent, to $3.99. The Ontario Securities Commission is asking the Capital Markets Tribunal to approve a settlement with Toronto-based Cronos Group Inc. and one of its former executives that the regulator alleges failed to file accurate financial statements. The OSC did not outline the terms of the settlement in a filing made with the tribunal Thursday, but said Cronos improperly recognized $7.6 million in revenue in its first-, second- and third-quarter financial statements filed in 2019. The regulator also accused the company of overstating "virtually all" of its U.S. goodwill and a "significant" portion of its U.S. intangible assets by roughly US$234.9 million in its second-quarter 2021 interim financial statements.
Corus Entertainment Inc. (TSX:CJR.B). Down eight cents, or 3.59 per cent, to $2.15. Shares in Corus Entertainment Inc. fell after it reported a fourth-quarter loss of $367.1 million, burdened by a one-time, non-cash charge related to its television business which it says fell short of previous estimates with an outlook that was less robust. The television and radio broadcaster said Friday the goodwill impairment charge amounted to $350 million. Shares rebounded somewhat later in the day from the initial 10 per cent drop. Corus CEO Doug Murphy said the company experienced meaningfully lower financial results given the impacts of an uncertain economic environment on advertising demand in the quarter.
This report by The Canadian Press was first published Oct. 21, 2022.
The Canadian Press
