TORONTO – Some of the most active companies traded Friday on the Toronto Stock Exchange and the TSX Venture Exchange:
Toronto Stock Exchange (14,393.10 down 9.11 points):
Air Canada (TSX:AC.B). Up $1.54, or 26.74 per cent, to $7.30 on 15 million shares. Air Canada’s shares surged more than 25 per cent Friday to its highest level in nearly two months after the company upgraded its outlook for the first quarter and said it expects a strong summer season. The airline said it has done a better than expected job at offsetting the impact of a lower Canadian dollar and winter weather disruptions by increasing revenues and lowering costs.
Fortis Inc. (TSX:FTS.IR). Utilities. Up 25 cents, or 0.74 per cent, to $33.80 on 11.6 million shares.
Osisko Mining Corp. (TSX:OSK). Miner. Down 16 cents, or 2.22 per cent, to $7.38 on 10.9 million shares.
Eastern Platinum Ltd. (TSX:ELR). Miner. Down 0.5 cents, or 6.25 per cent, to 7.5 cents on 5.5 million shares.
Bombardier Inc. (TSX:BBD.B). Aerospace. Down one cent, or 0.24 per cent, to $4.15 on 5.1 million shares.
Surge Energy Inc. (TSX:SGY). Oil and gas. Up 26 cents, or 4.22 per cent, to $6.42 on 4.5 million shares.
Toronto Venture Exchange (1,007.16 up 5.20 points):
Tweed Marijuana Inc. (TSXV:TWD). Agriculture. Down $2.01, or 43.70 per cent to $2.59 on 9.8 million shares.
China Minerals Mining Corp. (TSXV:CMV). Up 0.5 of a cent or 33.33 per cent, to two cents on 7.8 million shares.
Companies reporting major news:
West Fraser Timber Co. Ltd. (TSX:WFT). Forest products. Down 69 cents, or 1.33 per cent, to $51.35 on 198,687 shares. The company has struck a deal to buy the Bibler Brothers lumber sawmill and manufacturing operations in Arkansas, about 130 kilometres from another operation that the Vancouver-based company recently acquired in Mansfield, Ark. The two Arkansas acquisitions are part of West Fraser’s plans to expand in the U.S. South and Western Canada, where it has its base. Financial details of the Bibler deal haven’t been announced.