TORONTO – Some of the most active companies traded Friday on the Toronto Stock Exchange and the TSX Venture Exchange:

Toronto Stock Exchange (14,838.90, up 38.72 points):

Fortis Inc. (TSX:FTS.IR). Utilities. Down 35 cents, or 0.95 per cent, to $36.66 on 6.1 million shares.

Kerr Mines Inc. (TSX:KER). Miner. Down 0.5 cents, or 16.67 per cent, to 2.5 cents on 5.6 million shares.

Air Canada (TSX:AC.B). Airline. Up 54 cents, or 5.44 per cent, to $10.47 on 4.9 million shares. Shares rocketed to a 52-week high amid an upgrade from Walter Spracklin of RBC Capital Markets. He boosted his target price for the airline by nearly 42 per cent to $17, saying the carrier is undergoing a fundamental and structural cost reduction initiative that is playing out in a climate of steadily increasing demand for air travel.

Bombardier Inc. (TSX:BBD.B). Aerospace. Up nine cents, or 2.41 per cent, to $3.82 on 4.8 million shares.

Osisko Mining Corp. (TSX:OSK). Miner. Up seven cents, or 0.86 per cent, to $8.25 on 3.4 million shares.

Thompson Creek Metals Company Inc. (TSX:TCM). Miner. Down six cents, or 1.90 per cent, to $3.09 on 3.2 million shares.

Toronto Venture Exchange (987.45, up 1.53 points):

Terra Firma Resources Inc. (TSXV:TFR). Miner. Down 0.5 cents, or 25 per cent, to 1.5 cents on 3.3 million shares.

Patient Home Monitoring Corp. (TSXV:PHM). Medical devices. Up two cents, or 7.69 per cent, to 28 cents on 3.2 million shares.