Dollarama Shares Rise on Q1 Beat, TSX Retail Names Gain
Dollarama Inc. shares rose on Thursday. The Montreal discount chain turned in better-than-expected fiscal Q1 numbers, giving investors more reason to bet on shoppers' focus on value items as Canadians keep cutting back. The stock jumped 8.11% to CA$194.13 by 10:45 a.m. ET on the Toronto Stock Exchange, up from its open at CA$185.00 and just shy of its intraday peak of CA$195.29, per Google Finance. Shares stayed under their 52-week high of CA$209.96 but traded well clear of the 52-week low at CA$166.00.