TORONTO 鈥� Some of the most active companies traded Thursday on the Toronto Stock Exchange:
Toronto Stock Exchange (18,651.10, up 22.81 points.)
TC Energy Corp. (TSX:TRP). Energy. Up 78 cents, or 1.33 per cent, to $59.50 on 14.8 million shares.
Suncor Energy Inc. (TSX:SU). Energy. Down one cent, or 0.04 per cent, to $26.55 on 13.2 million shares.
The Royal Bank of Canada. (TSX:RY). Financials. Up 33 cents, or 0.29 per cent, to $116.29 on nine million shares.
Canadian Natural Resources (TSX:CNQ). Energy. Up 61 cents, or 1.61 per cent, to $38.45 on 8.6 million shares.
Power Corp. of Canada. (TSX:POW). Financials. Up 15 cents, or 0.46 per cent, to $33.10 on 6.3 million shares.
Bombardier Inc. (TSX:BBD.B). Industrials. Up three cents, or 3.85 per cent, to 81 cents on 5.8 million shares.
Companies in the news:
BRP Inc. (TSX:DOO). Up $3.25, or 3.3 per cent, to $102.27. BRP Inc. announced an ambitious expansion into electric vehicles on Thursday, investing $300 million over five years as the company looks to adapt to market trends and broaden its appeal to a new set of customers. The maker of Ski-Doos and Sea-Doos plans to offer electric versions of its recreational vehicles in each of its product lines by the end of 2026. In an interview, BRP chief executive Jose Boisjoli said the company hopes that the new line will provide a different experience for customers and help the company transition to a future in which electric vehicles will become more common. The announcement came as BRP beat analysts' estimates in its fourth-quarter earnings results on Thursday, reporting that fourth-quarter profit more than doubled compared with a year earlier. BRP has been one of Canada's major winners during the pandemic, with a rise in "staycations" boosting demand for the company's recreational vehicles, Boisjoli said in an interview. Since the start of the pandemic, BRP's stock price has more than quadrupled as sales of its recreational vehicles soar.
Empire Company Ltd. (TSX:EMP.A). Up 43 cents, or 1.1 per cent, to $39.05. Canada's second-largest grocery retailer and an industry group representing food manufacturers agreed on Thursday to a draft grocery code of practice they say takes aim at unfairness in the market. Empire Company Ltd. and Food, Health & Consumer Products of Canada said the proposed code addresses long-standing issues like arbitrary fees, cost increases imposed without notice, and late payments. Empire CEO Michael Medline said retailers and suppliers made "unprecedented strides" collaborating during the pandemic to protect the food supply chain. The proposed code of conduct comes after Loblaw Companies Ltd. and Walmart Canada imposed higher fees on suppliers in recent months. The unilateral moves made the cost of getting goods on store shelves more expensive for food manufacturers.
This report by The Canadian Press was first published March 25, 2021.
The Canadian Press
Note to readers: This is a corrected story. An earlier version erroneously described interactions between United Grocers Inc. and its suppliers.
