Published ago 32 minutesupdated ago 20 minutes
(Illustration: Camille Charbonneau)
The Toronto Stock Exchange closed Wednesday’s session with a slight gain.
Discount store giant Dollarama posted a 27% profit increase for its most recent quarter as consumers flocked to its establishments to purchase groceries and household products. The company also raised its financial outlook for the full year.
Read also: Dollarama will not give more space to food
There was some concern before Dollarama’s results were released, as other retailers reported “disorderly” results as Canadian consumers cut back on spending, said Greg Taylor, director of investments at Purpose Investments. But it’s clear that Dollarama is benefiting from this decline as people shop and look for deals, he noted.
Elsewhere, cannabis stocks gave up some of their recent gains as hope for the U.S. market faded, Taylor noted.
Here are the winners and losers for September 13, 2023:
|The S&P/TSX index of the TSE||Price||Change in Canadian dollars||Change in %|
North West Company (NWC)
|Global Atomic (GLO)||2.16||0.21||10,769|
|Cardiol Therapeutics (CRDL)||1.33||0.12||9,917|
Aurora Cannabis (ACB)
|Canopy Growth (WEED)||1.56||-0.26||-14,286|
Only titles worth more than $1 are considered in the Winner/Loser ranking.