Interfor Corp. (IFP)
Vancouver-based Interfor, one of the world’s largest lumber producers, was one of several lumber companies to see its shares rise this week. Softwood lumber prices have risen substantially this year on growing international demand, as the world economy starts to slowly open back up. While prices for benchmark products have plateaued, some of the gains have shifted into other categories as customers seek substitutes, according to Madison’s Lumber Reporter.
Dollarama Inc. (DOL)
There were a lot of dollars made in the world of discount retail this week. Montreal-based discount giant Dollarama’s shares rose after the company announced it was significantly boosting its expansion plans. Dollarama, which had previously said it would be growing to 1,700 stores by 2027, said this week it’s now aiming for 2,000, by the year 2031. The company currently has 1,356 stores across Canada.
BRP Inc. (DOO)
It’s not just bicycle makers who are blowing through all their stock lately. Lockdowns have also been good business for Bombardier Recreational Products. Fourth quarter earnings at Quebec-based BRP more than doubled, rising to $ 265.2 million from $ 118.2 million in the same period a year ago, as customers snapped up its iconic Ski-Doo snowmobiles as well as RVs and boats to break up the monotony of working from home during COVID.
BlackBerry Ltd. (BB)
Remember the glory days of earlier this year when BlackBerry was soaring, propelled ever higher by Redditors and other day traders? Long gone. The company announced this week that its fourth-quarter loss more than doubled, rising to $ 315 million from $ 130 million, compared to the same period a year ago. The company also announced it was looking to sell some of its patent portfolio, mainly involving mobile telecommunications patents, to an unnamed company.
Rogers Sugar Inc. (RSI)
Shares in Rogers, Canada’s biggest sugar distributor, slumped as world sugar prices hit a three-month low. The slump came after a bumper sugar crop in India, and also speculation that Brazilian sugar production would increase. Sugar production in India rose almost 20 per cent over the last six months compared to the same period a year ago. Rogers is a holding company formed after the merger of Lantic Sugar and Rogers Sugar in 2008.
Quebecor Inc. (QBR)
The Quebec-based media and telecommunications company’s shares dropped this week, as CEO Pierre Karl Péladeau blasted the proposed takeover of Shaw Communications by Rogers. Peladeau told a parliamentary committee that if the bid is successful, it would reduce competition in the wireless communications industry. At the same time, however, Péladeau suggested he’d be interested in taking Freedom Mobile off Rogers’ hands if it’s forced to divest assets in the event the megadeal goes through.