Toronto Stock Exchange sees mixed results today By Investing.com

© Reuters.

TORONTO – The Toronto Stock Exchange saw mixed performance among major stocks today. Shares of Royal Bank of Canada (RBC) rose slightly, reaching $135.33. Meanwhile, shares of energy sector companies Suncor Energy (NYSE:) and Cenovus Energy (NYSE:) fell to $43.81 and $21.65, respectively.

In a significant move, shares of Tilray (NASDAQ:) Brands plummeted more than 9% to close at $2.83. The decline follows the company’s recent acquisition activity, including the purchase of select Anheuser-Busch brands for US$85 million. The acquisition is part of Tilray’s broader strategy, but it appears to have sparked a negative reaction from investors the day it was announced.

In contrast, shares of Edmonton-based professional services firm Stantec (NYSE:) Inc. rose to $106.94. The increase follows the company’s strategic move to acquire engineering firm Morrison Hershfield. The acquisition aims to strengthen Stantec’s growth in North America and support its ambitions for global expansion.

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