Ski-Doo maker BRP reports quarterly loss, beats estimates, suspends financial forecasts for year

News Snapshot:

Open this photo in gallery: Workers on the assembly line making snowmobiles at BRP Inc. in Valcourt, Que. on Oct. 8, 2020.Christinne Muschi/The Globe and Mail Canadian powersports vehicle maker BRP Inc. DOO-T has swung to a loss for its latest quarter and suspended financial forecasts for the coming year, the latest company to pull its projections in the face of a rapidly shifting global trade environment. The Valcourt-Que.-based manufacturer, known for its Ski-Doo snowmobiles and Can-Am offroad vehicles, saw a major sales boost during the COVID-19 pandemic but has since been reeling from softer demand. Dealers have been hesitant...