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These top TSX stocks have been relatively slow to recover and look attractive from the valuation perspective. Do you own these? The post Got $1,000? Consider 3 TSX Stocks That Are Ready to Climb Higher appeared first on The Motley Fool Canada.
CAE confirms commitment to become carbon neutral by the end of Summer 2020. CAE introduces a new section aligned to the Task Force on Climate-related Financial Disclosures (TCFD) to its reporting. MONTREAL, June 29, 2020 /CNW Telbec/ - (NYSE:CAE - News) (TSX:CAE - News) – CAE announced today the publication of its FY20 Annual Activity and Corporate Social Responsibility (CSR) report.
Canadians should consider discounted growth stocks like CAE Inc. (TSX:CAE)(NYSE:CAE) and Heroux-Devtek Inc. (TSX:HRX) in late June.The post BUY ALERT: 2 Cheap Growth Stocks to Snag Today appeared first on The Motley Fool Canada.
CAE vs. HXL: Which Stock Is the Better Value Option?
Canadians should look to pinpoint forever stocks like Savaria Corporation (TSX:SIS) that have the potential to pay off huge in the long term.The post 3 Forever Stocks That Will Make You Rich appeared first on The Motley Fool Canada.
TORONTO — Some of the most active companies traded Wednesday on the Toronto Stock Exchange:Toronto Stock Exchange (15,428.69, down 87.14 points.)Bombardier Inc. (TSX:BBD.B). Industrials. Up 1.5 cents, or 3.03 per cent, to 51 cents on 18.3 million shares.Canadian Natural Resources Ltd. (TSX:CNQ). Energy. Down 88 cents, or 3.63 per cent, to $23.39 on 14.3 million shares.Freegold Ventures Ltd. (TSX:FVL). Materials. Unchanged at 75 cents on 10.2 million shares.ProMIS Neurosciences, Inc. (TSX:PMN). Health care. Up 7.5 cents, or 40.54 per cent, to 26 cents on 9.8 million sharesHEXO Corp. (TSX:HEXO). Health care. Down 15 cents, or 11.9 per cent, to $1.11 on 7.6 million shares.Suncor Energy Inc. (TSX:SU). Energy. Down $1.14, or 4.53 per cent, to $24.03 on 6.2 million shares.Companies in the news:Iamgold Corp. (TSX:IMG). Down seven cents, or 1.5 per cent, to $4.52. Iamgold Corp. says it has suspended operations at its Rosebel Gold Mine in the South American country of Suriname after seven people were diagnosed with COVID-19, sparking a showdown with its union. The Canadian mining company says it proceeded with getting medical care and putting the individuals in quarantine while disinfecting their living quarters and work areas. Operations were shut down, it said, when a conflict with the local union broke out over its attempt to support physical distancing by reducing the number of workers sharing accommodations.CAE Inc. (TSX:CAE). Up one cent to $23.65. CAE Inc. says its new medical ventilator has been certified by Health Canada and it will begin shipping. The Montreal-based company signed a contract with the federal government earlier this year to manufacture and supply 10,000 ventilators. The made-in-Canada equipment will be sent to hospitals across the country. CAE's usual business is flight simulators used for pilot training, but the company shifted gears due to the pandemic to design and build a medical ventilator. The CAE Air1 ventilator can deliver pressure control, volume control and pressure support ventilation using room air or pressured oxygen.Restaurant Brands International Inc. (TSX:QSR). Up 67 cents to $76.30. Albertans will be the first in Canada to sample a fried chicken sandwich that became a social-media sensation with its U.S. debut last summer when Popeyes Louisiana Kitchen adds the menu item to stores in select cities in the province Wednesday. The menu item generated long lines, supply shortages and — in one case —deadly violence south of the border, but the fried-chicken chain plans for a smoother Canadian launch. A Canadian trial planned for April was delayed by the COVID-19 pandemic, since widespread physical distancing precautions seemed out of step with long lines of hungry customers.Enbridge Inc. (TSX:ENB). Down 62 cents, or 1.4 per cent, to $42.78. Enbridge Inc. says 800 employees have voluntarily left the company, allowing it to avoid layoffs as it cuts costs to counter impacts from COVID-19 and lower global oil prices. The Calgary-based pipeline company announced in May it would defer $1 billion in capital spending this year and reduce costs by $300 million through measures including salary cuts and voluntary staff reductions. The reductions would amount to about seven per cent of the 11,300 employees Enbridge listed at the end of last year, with about 7,800 in Canada and 3,500 in the U.S.This report by The Canadian Press was first published June 17, 2020.The Canadian Press
MONTREAL — Health Canada has certified new medical ventilators that were ordered by the federal government to ensure adequate supplies for treating severe cases of the COVID-19 respiratory disease.The CAE Air1 and the Baylis V4C-560 ventilators were created by separate groups under federal contracts announced in April after the World Health Organization declared a COVID-19 pandemic.Montreal-based CAE Inc. and the Ventilators for Canadians consortium announced separately Wednesday that Health Canada had certified their respective models.Both groups said they'll now be able to begin manufacturing the equipment, which is used by hospitals to help patients breathe.CAE's usual business is to design and make flight simulators used for pilot training, but the company shifted gears to design and build a medical ventilator.The V4C consortium includes FTI Professional Grade Inc. as the prime contractor and Baylis Medical, a manufacturing subcontractor that adapted a design from Medtronic. This report by The Canadian Press was first published June 17, 2020.Companies in this story: (TSX:CAE) The Canadian Press
MONTREAL , June 17, 2020 /CNW Telbec/ - (CAE) (CAE) – CAE announced today that its CAE Air1™ ventilator has been certified by Health Canada. This made-in- Canada ventilator is destined for hospitals across the country where it will be used in the fight against COVID-19. Certification comes two months after CAE signed a contract with the Government of Canada to manufacture and supply 10,000 ventilators.
MONTREAL , June 16, 2020 /CNW Telbec/ - (CAE) (CAE) – CAE announced today that Todd Probert , who was appointed to the position of Group President, Defence and Security in January 2020 will step down effective June 26 to pursue a job opportunity within the U.S. National Security community. Prior to CAE, Heidi established herself as an industry thought leader in Aerospace and Defence, both in her capacity at Morgan Stanley and most recently at L3 Technologies, where she led the merger with Harris Corporation, resulting in it becoming the 6th largest US defence prime.
CAE Inc. (TSX:CAE)(NYSE:CAE) looks safer than Air Canada (TSX:AC) for those looking to bet on a recovery in the air travel industry.The post Forget Air Canada (TSX:AC): Here's a Better Way to Bet on an Air Travel Rebound appeared first on The Motley Fool Canada.
MONTREAL — Flight simulator company CAE Inc. saw profits fall six per cent last quarter due to the impact of the COVID-19 pandemic — and the turbulence isn't over.Chief executive Marc Parent said he believes 2020-21 "will be a tale of two halves," with the first marked by more "major disruptions" for the firm amid plunging demand and the second "slightly more positive" as travel restrictions begin to ease."In terms of seeing a bottom, I think we’ve seen it," Parent told analysts on a conference call Friday. "In the month of April we hit about 20 per cent utilization."We have been starting to see a recovery. It’s a tepid recovery at best," he added. "But air travel is still the closest thing to a time machine that’s been invented, and humans will insist on their right to fly."Parent's cautious optimism follows "a material disruption" to the firm in the quarter ended March 31 as the pandemic continues to pummel the travel industry amid border shutdowns and mass airline layoffs, with most carriers imposing a pilot hiring freeze and broader cost reduction schemes.The virus has hit the Montreal-based company's civil aviation training business particularly hard. CAE kicked off its fiscal year last month with 19 of its 60 training centres around the globe closed, 10 others running at "significantly reduced capacity" and production at its main manufacturing facility in Montreal suspended, Parent said on conference call with analysts."The next two years for the company's civil segment will be challenging as airlines reduce their pilot training requirements and demand for new simulators declines," National Bank analyst Cameron Doerksen said in a research note.However, demand for pilot training will grow over the long-term, he said, "and as the global leader in pilot training, CAE is uniquely positioned to capitalize."Typically, regulators require pilots to train at a minimum of every six to nine months to remain certified."While airlines globally have suspended the majority of the commercial fleet, this doesn’t imply a proportionate impact on training demand," Parent said, while acknowledging that many jurisdictions have extended their training timeline in response to the pandemic.CAE saw deliveries of full-flight simulators drop to 21 last quarter from 25 a year earlier.The outbreak has also prompted delays in executing defence programs, the company said.Like many manufacturers forced to halt regular operations over the past two months, CAE pivoted to health care, assigning 500 employees to make 10,000 ventilators on a contract with the federal government. The product is in the final stages of certification by health authorities, CAE said.In April the company announced it would lay off about 2,600 of its 10,500 employees and place another 900 on a reduced work week. Since then, CAE called back 1,500 workers under the federal wage subsidy program. Financial results last quarter were "solid" but the outlook is "weaker than expected," said Desjardins Securities analyst Benoit Poirier.The fourth quarter — usually CAE's strongest — saw net income drop to $318.9 million from $340.1 million a year earlier.Revenue slipped four per cent year over year to $977.3 million from $1.02 billion, the company said.Earnings per share hit 46 cents, matching last year's figure and beating analyst expectations of 41 cents per share, according to financial markets data firm Refinitiv.While revenue from CAE's civil aviation training business remained fairly flat at $601.9 million, its defence and security segment managed a 12 per cent revenue boost to $341.8 million.For the full year, CAE saw net income fall six per cent to $318.9 million while revenue rose 10 per cent to $3.62 billion.This report by The Canadian Press was first published May 22, 2020.Companies in this story: (TSX:CAE)Christopher Reynolds, The Canadian Press
NEW YORK, NY / ACCESSWIRE / May 22, 2020 / CAE, Inc. (NYSE:CAE) will be discussing their earnings results in their 2020 Fourth Quarter Earnings call to be held on May 22, 2020 at 1:00 PM Eastern Time. ...
Strong annual performance despite COVID-19 impact in Q4 Annual revenue up 10% to $3.6 billion Annual segment operating income (1) of $537.1 million ( $590.4 million before specific items (2) ) up 12% vs. ...
The TSX is back on track, but there are still discounted growth stocks like CAE Inc. (TSX:CAE)(NYSE:CAE) available for investors on the hunt for value.The post TSX Market Rally: 2 Cheap Growth Stocks With Huge Upside Potential appeared first on The Motley Fool Canada.
MONTREAL , May 5, 2020 /CNW Telbec/ - (NYSE: CAE); (TSX: CAE) – CAE will release its fiscal year 2020 fourth quarter and full-year results on Friday, May 22, 2020 . A conference call will be held on the ...
CAE (CAE) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
CAE Inc. (TSX:CAE)(NYSE:CAE) and another dirt-cheap stock could face amplified upside in a broader stock market rally.The post Market Rally: 2 TSX Stocks to Buy on the Rebound appeared first on The Motley Fool Canada.
Employees in the aerospace and defence industry, to which Bombardier stock and CAE stock belong, are losing their jobs. Under the enhanced CCB, displaced workers who are parents and caring for children will receive an extra $300 monthly from the CRA.The post Have a Child? You Might Get an Extra $300 From the CRA appeared first on The Motley Fool Canada.
CAE Inc. (TSX:CAE)(NYSE:CAE) may be a more prudent way to play the recent weakness in the airline industry without having to risk one's shirt.The post Forget Air Canada (TSX:AC): Here's a Better Way to Play an Airline Comeback appeared first on The Motley Fool Canada.
CCL Industries, Interrent REIT, and CAE have the potential to make you a millionaire, and all three stocks are trading at steep discount right now.The post RRSP Investors: Use This 2020 Market Crash to Retire a Millionaire appeared first on The Motley Fool Canada.