Rogers says CEO stepping down after announcing better-than-expected financial results.
North American stocks were mixed in early trading Friday as the CEO of Rogers Communications said he is stepping down.
The TSX fell 24.54 points to 12,697.27, while the Venture exchange was off 6.07 points to 1,190.49.
Traders are looking ahead to a weekend meeting of G20 finance ministers, who are expected to focus on countries that are using their currencies for economic gain.
Big gainers included Rogers Communications Inc., (TSX: T.RCI.A, Stock Forum) (TSX: T.RCI.B, Stock Forum), which rose 3.4% to $47.01 after the company’s President and CEO Nadir Mohamed said he is stepping down in January, 2014, but will continue to lead the company through this year.
The Dow was up 24.80 points to 13,998.19 and the Nasdaq gained 4.984 points to 3.203,64.
Gold prices fell $23.61 to $1,611.16, while the price of silver was down $0.402 to $30.