TORONTO — Some of the most active companies traded Friday on the Toronto Stock Exchange:
Toronto Stock Exchange (22,005.94, up 68.05 points.)
Suncor Energy Inc. (TSX:SU). Energy. Up $1.20, or 2.9 per cent, to $42.41 on 16.4 million shares.
TC Energy Corp. (TSX:TRP). Energy. Up $1.31, or 1.8 per cent, to $72.37 on 16.2 million shares.
Hexo Corp. (TSX:HEXO). Health care. Up seven cents, or 8.1 per cent, to 93 cents on 10.1 million shares.
Tilray Inc. (TSX:TLRY). Health care. Up $1.93, or 22 per cent, to $10.72 on nine million shares.
Canopy Growth Corp. (TSX:WEED). Health care. Up 90 cents, or 9.1 per cent, to $10.83 on 8.7 million shares.
Power Corp. of Canada (TSX:POW). Financials. Up five cents, or 0.1 per cent, to $39.14 on 8.1 million shares.
Companies in the news:
Molson Coors Beverage Co. — The union representing about 420 workers at the Molson Coors brewing plant on the South Shore of Montreal are on strike. Teamsters Canada says nearly 320 workers voted 99 per cent on Sunday against the company's last contract offer and gave the union a strike mandate. The union says the two parties do not agree on salary increases and on the establishment of a new layoff system that would not take seniority into account. Molson Coors spokesman Frederic Bourgeois-Leblanc says it is disappointed that employees walked off the job before it made a final offer because it is offering a "more than competitive wage and has a history of providing well-paying jobs" in Quebec. Bourgeois-Leblanc adds that the company has turned to an unspecified contingency plan as it works to meet consumer demand.
BRP Inc. (TSX:DOO). Up $8.27 or 9.3 per cent to $96.84. BRP Inc. is entering the electric motorcycle business. The maker of Ski-Doo snowmobiles and Sea-Doo personal watercraft announced Friday that it will launch a family of electric two-wheel motorcycles, with the first models expected to be available by mid-2024 under the Can-Am brand. This is a return to motorcycles for Can-Am, which introduced its first product in 1973. Can-Am stopped its two-wheel motorcycle production in 1987, although it launched the three-wheel Can-Am Spyder in 2008. The initial models will target the North American and European market first,the company said. The announcement came as BRP reported Friday a fourth-quarter profit of $209.6 million as its revenue rose nearly 30 per cent compared with a year earlier. The company said its profit amounted to $2.50 per diluted share for quarter ended Jan. 31, down from $264.2 million or $2.95 per diluted share in the same period a year earlier. Revenue for the quarter totalled $2.35 billion, up from $1.82 billion.
This report by The Canadian Press was first published March 25, 2022.
The Canadian Press
