TORONTO — Some of the most active companies traded Friday on the Toronto Stock Exchange:
Toronto Stock Exchange (20,262.07, down 15.57):
Canopy Growth Corp. (TSX:WEED). Healthcare. Down 34 cents, or 40.00 per cent, to 51 cents on 24.8 million shares.
Enbridge Inc. (TSX:ENB). Energy. Down 31 cents, or 0.63 per cent, to $48.64 on 11.4 million shares.
Hut 8 Mining Corp. (TSX:HUT). Finance. Down 34 cents, or 5.8 per cent, to $5.50 on 7.2 million shares.
Telus Corp. (TSX:T). Telecom. Down $1.23, or 4.8 per cent, to $24.32 on 6.4 million shares.
Power Corp. of Canada. (TSXX:POW). Finance. Up 24 cents, or 0.65 per cent, to $37.19 on 5.9 million shares.
TC Energy Corp. (TSX:TRP). Energy. Down 55 cents, or 1.05 per cent, to $51.67 on 5.8 million shares.
Companies in the news:
Telus International Inc. (TSX:TIXT). Technology. Down $5.91, or 30.7 per cent, to $13.36. Shares of Telus International Inc. traded more than 30 per cent lower on the Toronto Stock Exchange after it slashed its growth guidance for the year. The company, which Telus Corp. spun off in 2021 but remains the controlling shareholder, says it expects revenue in the range of US$2.7 billion and US$2.73 billion and growth of between one and two per cent for the year, excluding its WillowTree acquisition. Telus International blamed the downward revision on "persistent global macroeconomic pressures" that have resulted in lower demand from some of its larger clients, especially in the technology sector.
Canopy Growth Corp. (TSX:WEED). Healthcare. Down 34 cents, or 40.00 per cent, to 51 cents. Shares of Canopy Growth Corp. fell 40 per cent after it announced it has signed deals with its secured and unsecured lenders to reduce its debt, but will issue 90.4 million shares plus new convertible debt to do so. Canopy said the plan will help reduce its total debt by about $437 million over the next six months and lower annual interest costs by approximately $20 million to $30 million.
This report by The Canadian Press was first published July 14, 2023.
The Canadian Press
