Investing in small domestic firms carries elevated risks as well as rewards.

Aurora Cannabis Inc. says it is indefinitely pausing operations at one of its Alberta facilities and laying off a few dozen staff.

The Audet family, which controls the Cogeco companies, rejected another takeover offer from Altice USA Inc. and Rogers Communications Inc.

The correction took place as investors crystalized some profits from the overvalued Canadian sector that is up 81.25 per cent on a 200-day moving average.

The Canadian dollar traded for 72.53 cents US compared with 72.65 cents US on Thursday.

The S&P/TSX composite index closed up 132.87 points at 14,966.56.

North American stock markets had one of their best performances in years last month.

One professor said losses can range anywhere from 15 to 50 per cent depending on the security of investments, but urges people to stay the course.

Canada's benchmark stock index inched higher thanks as oil prices moved up.

Despite the last minute boost by a sharp rise in the energy sector, the cap was the worst first quarter at least since the 2008 financial downturn.