holding company
On August 3, 2021, the old L Brands holding company (old New York symbol LB) split into two separate firms: Victoria’s Secret and Bath & Body Works. Investors received one new share of Victoria’s Secret for every three shares of L Brands they held. L Brands then changed its name to Bath & Body Works.
So far, the split has produced mixed results—Victoria’s Secret is now up roughly 14%, but its former parent has dropped 40%.
Consumers continue to cut back on discretionary purchases as they cope with elevated prices and interest rates....
So far, the split has produced mixed results—Victoria’s Secret is now up roughly 14%, but its former parent has dropped 40%.
Consumers continue to cut back on discretionary purchases as they cope with elevated prices and interest rates....
POWER CORP., $47.27, is a buy. The conglomerate (Toronto symbol POW; Shares outstanding: 590.9 million; Market cap: $30.2 billion; Rating: Above Average; Dividend yield: 4.8%) holds controlling stakes in Canadian financial services firms Great-West Lifeco (insurance) and IGM Financial (mutual funds)....
POWER CORP. OF CANADA $47 is a buy. The conglomerate (Toronto symbol POW; Conservative-Growth Dividend Payer Portfolio, Finance sector; Shares outstanding: 646.3 million; Market cap: $30.4 billion; Dividend yield: 4.8%; Dividend Sustainability Rating: Above Average; www.powercorporation.com) holds controlling stakes in Canadian financial services firms Great-West Lifeco (insurance) and IGM Financial (mutual funds)....
The Bank of Canada and other central banks are now cutting their benchmark lending rates as inflation returns to pre-pandemic levels.
That’s good news for utility stocks like Fortis, which carry large debt loads to finance investments in new power plants and other projects....
That’s good news for utility stocks like Fortis, which carry large debt loads to finance investments in new power plants and other projects....
RUSSEL METALS INC., $44.24, is a buy. Through their shares, investors tap one of North America’s largest metals distribution companies, with a growing focus on value-added processing.
The company carries on business in three segments: metals service centres, energy field stores and steel distributors....
The company carries on business in three segments: metals service centres, energy field stores and steel distributors....
CANADIAN TIRE CORP., $152.95, Toronto symbol CTC.A, is a top pick for 2024.
The company operates 502 Canadian Tire stores, which sell automotive parts and services, and household and sporting goods; franchisees run most of the locations. The company’s other operations also enrich its outlook....
The company operates 502 Canadian Tire stores, which sell automotive parts and services, and household and sporting goods; franchisees run most of the locations. The company’s other operations also enrich its outlook....
Discover which five Canadian insurers we recommended in the Globe & Mail for scoring high marks with our TSI Dividend sustainability ratings.
BCE INC., $39.49 Toronto symbol BCE, remains your #1 Income Buy for 2024, as well as long-term gains.
The company is Canada’s largest traditional telephone service provider. It has 1.88 million residential customers in Ontario, Quebec, Manitoba and the Atlantic provinces....
The company is Canada’s largest traditional telephone service provider. It has 1.88 million residential customers in Ontario, Quebec, Manitoba and the Atlantic provinces....
Shares of property insurer Intact have more than doubled in the past five years and recently hit a new all-time high. That’s mainly due to savvy acquisitions that expanded Intact’s geographic reach.
The company now expects to pay out higher claims in 2024 as a result of severe weather events in Canada....
The company now expects to pay out higher claims in 2024 as a result of severe weather events in Canada....
DEFINITY FINANCIAL CORP., $54.14, symbol DFY on Toronto, is the name for the holding company of Economical Insurance, Family Insurance Solutions, Petline Insurance, and Sonnet Insurance. It is one of the country’s leading property and casualty insurance companies.
Definity was created as part of Economical Insurance’s demutualization plan to convert from a mutual insurance company owned by its policyholders to a company owned by shareholders.
On November 17, 2021, the holding company went public, selling shares of its stock at $22 each.
At the same time as its IPO, Definity closed private share placements with HOOPP (Healthcare of Ontario Pension Plan) and Swiss Re Investments Holding Company....
Definity was created as part of Economical Insurance’s demutualization plan to convert from a mutual insurance company owned by its policyholders to a company owned by shareholders.
On November 17, 2021, the holding company went public, selling shares of its stock at $22 each.
At the same time as its IPO, Definity closed private share placements with HOOPP (Healthcare of Ontario Pension Plan) and Swiss Re Investments Holding Company....