TSX:DOOLeisure
Why BRP (TSX:DOO) Is Down 25.3% After Suspending Guidance Amid Surging U.S. Tariff Costs
In early April 2026, Quebec-based BRP Inc., maker of Sea-Doo and other powersports vehicles, announced that recent U.S. tariff changes on steel and aluminum would increase its tariff costs by more than US$500 million this year and led the company to suspend its financial guidance amid heightened uncertainty.
This sudden shift in tariff calculation, from taxing only metal content to taxing the full value of metal-heavy products, directly challenges BRP’s cost structure and visibility, raising...