© Reuters.
TORONTO – The Toronto Stock Exchange experienced varied performances among its leading stocks today. Shares of the Royal Bank of Canada (RBC) saw a slight uptick, reaching $135.33. Meanwhile, energy sector players Suncor Energy (NYSE:) and Cenovus Energy (NYSE:) witnessed their stock prices dip, closing at $43.81 and $21.65 respectively.
In a significant move, Tilray (NASDAQ:) Brands’ stock value fell sharply by over 9%, finishing at $2.83. This drop came in the wake of the company’s recent acquisition activities, which included the purchase of select Anheuser-Busch brands for a sum of US$85 million. The acquisition is part of Tilray’s broader strategy, but it seems to have prompted a negative reaction from investors on the day of the announcement.
In contrast, Stantec (NYSE:) Inc., an Edmonton-based professional services company, saw its share price climb to $106.94. This increase followed the company’s strategic move to acquire Morrison Hershfield, an engineering firm. The acquisition is aimed at bolstering Stantec’s growth within North America, as well as supporting its ambitions for global expansion.
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