© Reuters.
TORONTO – The experienced varied performances among its leading stocks today. Shares of the Royal Bank of Canada (TSX:) (RBC) saw a slight uptick, reaching $135.33. Meanwhile, energy sector players Suncor (TSX:) Energy (NYSE:) and Cenovus (TSX:) Energy (NYSE:) witnessed their stock prices dip, closing at $43.81 and $21.65 respectively.
In a significant move, Tilray (TSX:) (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…
