Updating Linamar Corp., Saputo Inc., and CGI Group Inc.

Article Excerpt

LINAMAR CORP. $13 (Toronto symbol LNR) has paid an undisclosed sum for a plant in Swansea, Wales. This is Linamar’s fifth plant in Europe, and 38th over all. The facility makes automotive engines. However, Linamar plans to install new equipment that will let the plant produce a wider variety of automotive parts. Expanding in Europe also helps cut the company’s exposure to the slowing North American auto industry. Best Buy. SAPUTO INC. $27 (Toronto symbol SAP) will have to change the way it makes some of its cheeses, due to new federal standards that require it to use more full-fat milk and less milk solids. That could increase its operating costs. Saputo will probably try to offset these higher input costs with productivity gains instead of raising selling prices, which could hurt its sales growth. Best Buy. CGI GROUP INC. $10 (Toronto symbol GIB.A) continues to renew existing contracts. It has just signed an $80 million U.S., seven-year contract renewal with Australia…