Tausi Insider

CAE Inc.’s CAE-T share price surged after the company reported strong civil and defence performance in its second quarter results. The Montreal-based builder of flight and health simulators saw its share price increase 18.17 per cent to $28.42 on the TSX at midday trading. CAE says net income attributable to equity holders was $44.5-million, or 14 cents per share for the quarter ended Sept. 30, up from $14.0-million or 4 cents per share in the same quarter last year. CAE attributes a strong consolidated-level performance in the second quarter to double-digit growth in the civil segment, better results in defence and renewed profitability in healthcare. The company reaffirmed its outlook for the fiscal year after reducing the compound growth rate to mid-20 per cent last quarter. On an adjusted basis, it earned 19 cents per share and $993.2-million in revenue, compared to an average analyst expectation of 17 cents per share and $949-million, according to estimates compiled by financial...

A new report says Canadian companies have made slow, incremental progress on gender diversity when it comes to corporate governance and are only now beginning to add a substantial number of directors from diverse backgrounds. Fred Lum/Tausi Insider A major new study of the state of corporate governance in Canada suggests boards should have at least 40 per cent of its members identify as women and 30 per cent from underrepresented racial groups, Indigenous people and disabled people. To help achieve that goal, companies should consider placing term limits of 12 years on their board members, the report says. The authors are the TMX Group Ltd. (the parent of the Toronto Stock Exchange) and the Institute of Corporate Directors (ICD), two of the most influential players in Canada’s corporate-governance world. As the country’s main stock exchange, the TSX has the power to set listing standards that companies must adhere to. The ICD is the primary group offering introductory and continuing ...

A worker on the production line at a factory of Velong Enterprises, a manufacturer of kitchen and grilling equipment in Guangdong, China, on Dec. 27, 2022. GILLES SABRIE /The New York Times News Service The Chinese economic machine is whirring back to life, but the Canadian stock market is oddly indifferent. China has been dismantling its framework of harsh COVID-19 restrictions, setting the stage for a revival of the world’s second-largest economy. This prospect has enlivened several major stock markets around the world, most notably in Europe. The Toronto Stock Exchange, on the other hand, appears to be taking its cues from U.S. stocks, which are still under the pall of a bear market. While investor sentiment in North America has improved over the past three months, the gains have been modest – roughly 11 per cent, compared with nearly 25 per cent in German and French stocks. Britain’s benchmark index, meanwhile, is on the verge of a setting a record high. While Eu...

The S&P/TSX 60′s top stocks, based on their weightings, are like a wish list of solid performers, including Canadian National Railway Co. Mark Blinch/Reuters Canadian banks, oil producers, railways and pipelines look like fine sectors to ride out the economic turmoil ahead, given their mix of reasonable valuations, strong cash generation and rising dividends. So, why not grab them all with a fund that tracks the S&P/TSX 60 Index? The benefits of passive investing – a strategy based on accepting the returns of the market, rather than trying to outperform it with active stock selection – are well known. But the appeal of Canada’s blue-chip index looks particularly strong in 2023, given the index’s exposure to companies that can survive an oncoming recession and reap the benefits of an economic recovery, all while paying out hefty dividends. The S&P/TSX 60′s top stocks, based on their weightings, are like a wish list of solid performers, including Royal Bank of Canada RY-T, ...