Toronto Stock Exchange :Manulife Financial Corp. . Finance. Up 40 cents, or 1.20 per cent, to $33.83 on 12.6 million shares.Canopy Growth Corp. . Health care. Down $1.29, or 9.96 per cent, to $11.66 on 10.7 million shares.B2Gold Corp. . Mining. Up 11 cents, or 3.20 per cent, to $3.55 on 9.6 million shares.BRP Inc. . Vehicles. Up $4.62, or 5.35 per cent, to $90.95. North America's warmest winter on record put a chill on snowmobile sales at BRP Inc.
The Ski-Doo maker plans to cut snowmobile production by 30 per cent this year due to the build-up of inventory languishing in retailers' stockrooms across Canada and the United States. Profits fell 48.5 per cent year over year in the three months ended Jan. 31. BRP posted net income of $188.2 million for the quarter versus $365.1 million a year earlier. On a normalized basis, the company said it earned $2.46 per diluted share in its latest quarter compared with a normalized profit of $3.
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