Updating Torstar Corp., CGI Group Inc. and Shawcor Ltd.

Article Excerpt

TORSTAR CORP. $1.80 (www.torstar.com) has re-branded its Metro free commuter newspapers in Vancouver, Calgary, Edmonton, Toronto and Halifax as StarMetro. The company has also expanded the websites of those five publications. Altogether, these moves should help strengthen the company’s ad revenue and let those publications better compete with major dailies published by Postmedia Network Canada Corp. However, the Competition Bureau is now examining the recent swap of 41 smaller papers between Torstar and Postmedia. As a result of that deal, the publishers immediately closed 36 of those papers. Regulators are unlikely to reverse the transaction, but their investigation adds risk. Hold. CGI GROUP INC. $73 (www.cgi.com) is Canada’s largest provider of computer-outsourcing services. Recently, the company repurchased and cancelled 3.2 million class A subordinate voting shares held by Serge Godin, its founder and executive chairman. That purchase is part of CGI’s plan to buy back up to 20.6 million class A shares, or 8% of the total outstanding, by February 6, 2019. #1 Aggressive Buy for 2018. SHAWCOR LTD. $25 (www.shawcor.com) has won a..