Canadian shares dropped on Thursday, ending a four-day winning streak, as the manufacturing industry in China, the largest importer of Canadian commodities, unexpectedly shrank. The benchmark Standard & Poor’s/TSX Composite Index (TSE:OSPTX) declined 0.6 percent to 12,676.17 at 12:29 p.m. in Toronto on Thursday. Two shares declined for every stock that gained. 

BRP plans to sell 12.2 million shares for C$21.50 each, the Valcourt, Quebec-based company said in a statement on Wednesday. Based on that price, the company’s market capitalization will be about C$2.5-billion. The IPO is Canada's largest since Hudson's Bay Co. (TSE:HBC), the country's oldest company, raised $365 million in November. 

Treasury Metals (TSE:TML) has unveiled additional drill results from its Goliath gold project in northwestern Ontario, with results showing near-surface intersections as high as 4.18 grams per tonne (g/t) gold. 

Largo Resources (CVE:LGO) is on path to becoming the lowest cost producer of vanadium in the world from a primary source, according to CEO Mark Brennan, with the company's Maracás project in Brazil on pace for commissioning in the fourth quarter.