Canada’s main stock index fell on Thursday, dragged down by stocks of cannabis companies, a day after hitting a record high on the back of a sharp rally in the sector that was fueled by Reddit-inspired retail investors.
The S&P/TSX Composite lost 36.66 points by midday Thursday to 18,421.12.
The Canadian dollar inched up 0.08 cents to 78.81 cents U.S.
Bombardier said it would end production of its Learjet business aircraft in 2021 and slash about 1,600 jobs to cut costs, after reporting an adjusted loss before interest and taxes for the fourth quarter, as the COVID-19 pandemic hit demand.
Bombardier shares dropped a dime, or 13.7%, to 63 cents.
Restaurant Brands International on Thursday posted quarterly profit below Wall Street estimates, dented by tepid demand for its Tim Hortons coffee as customers avoided stepping out amid fresh restrictions imposed to tackle COVID-19 cases.
Restaurant Brands shares docked $3.21, or … Read the rest