S&P 500 gains to extend record run, set for positive week
The Toronto Stock Exchange experienced significant fluctuations on Friday, with shares of several firms seeing notable changes. Energy companies Baytex Energy (NYSE:BTE) Corp and Suncor Energy (NYSE:SU) Inc witnessed a decline in their shares by 2.73% and 1.79% respectively, while Enbridge (NYSE:ENB) Inc's shares increased by 0.43%.
In the healthcare sector, Canopy Growth (NASDAQ:CGC) Corp saw its shares rise by 6.17%, closing at 86 cents with 7.7 million shares traded. Similarly, Royal Bank of Canada's shares rose by 1.10% to $116.05 on 7.5 million shares.
First Quantum Minerals (OTC:FQVLF) Inc., a mining firm, saw its shares rebound by 11% to $17.46 on 6.9 million shares following the decision by Panamanian lawmakers to scrap the controversial mining contract revocation for its subsidiary Minera Panama.
Enbridge Inc. , an energy company, made a significant move in the renewable energy sector by purchasing seven renewable natural gas facilities in Texas and Arkansas from Morrow Renewables for US$1.2 billion. This acquisition positions Enbridge as one of North America's largest renewable natural gas transporters. The company reported a third-quarter profit of $500 million.
Meanwhile, Magna International (NYSE:MGA) Inc., an auto parts manufacturer, reported a third-quarter net income increase of 36% to US$394 million, surpassing analyst predictions. The company also reported a 15% sales rise to US$10.69 billion.
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