Updating Royal Bank of Canada, TransCanada Corp., IGM Financial Inc., Bombardier Inc. and CAE Inc.

Article Excerpt

ROYAL BANK OF CANADA $47 (Toronto symbol RY; SI Rating: Above average) is the first of Canada’s five big banks to sell car and property insurance policies over the Internet; it already offers life and travel policies online. In the past, Royal could only provide rate quotes; prospective clients had to contact Royal’s insurance operations separately to buy. The bank hopes Ottawa will soon let banks sell insurance through branches. That would cut Royal’s costs and boost profits. Royal Bank is a buy. TRANSCANADA CORP. $34 (Toronto symbol TRP; SI Rating: Above average) owns 62% of the Cartier Wind project, which is now building six wind power facilities on Quebec’s Gaspe Peninsula. Two of these facilities should begin generating electricity later this year, with the rest scheduled to begin operations by 2012. Wind power projects usually struggle to make money. They all have to cope with inconsistent wind patterns, and this one faces extra costs due to the remoteness of its location in…

You are trying to access subscriber-only content.

To read this article, you may subscribe or sign in.
If you are already a subscriber, log in here.

If you wish to become a subscriber, click here. Or you may enjoy access to all our publications when you become a Member of Pat McKeough's Inner Circle Pro.