Some of the most active companies traded Thursday on the Toronto Stock Exchange:
Toronto Stock Exchange (14,847.92, up 7.43 points):
Fortis Inc. (TSX:FTS). Utilities. Down 32 cents, or 0.75 per cent, to $42.54 on 12.6-million shares.
Canopy Growth Corp. (TSX:CGC). Drug manufacturer. Up 16 cents, or 2.27 per cent, to $7.22 on 7.1-million shares.
B2Gold Corp. (TSX:BTO). Miner. Up five cents, or 1.39 per cent, to $3.64 on 5.7-million shares.
Baytex Energy Corp. (TSX:BTE). Oil and gas. Down four cents, or 0.68 per cent, to $5.80 on 5.4-million shares.
Iamgold Corp. (TSX:IMG). Miner. Up 22 cents, or 4.34 per cent, to $5.29 on 4.7-million shares.
Encana Corp. (TSX:ECA). Oil and gas. Down 11 cents, or 0.73 per cent, to $14.95 on 4.6-million shares.
Companies reporting major news:
Postmedia Network Canada Corp. (TSX:PNC.A). Media. Down 25 cents, or 11.11 per cent, to $2 on 1,100 shares. (TSX:PNC.B). Media. Down 15 cents, or 6.67 per cent, to $2.10 on 6,315 shares. Postmedia said Thursday it plans to reduce its salary costs by 20 per cent through voluntary staff buyouts, adding that layoffs are possible if that target isn’t met as it announced net losses that nearly doubled in its most recent quarter. Staff have until Nov. 8 to apply for the buyouts, the company said, with reductions coming from all levels and operations. The newspaper chain announced the cost-cutting measure as it reported a fourth-quarter loss of $99.4 million or 35 cents per diluted share. That’s up from a loss of $54.1 million or 19 cents per diluted share for the same period a year ago.
