|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||12.27 - 12.27|
|52 Week Range||11.24 - 20.83|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||8.18|
|Forward Dividend & Yield||0.72 (5.91%)|
|Ex-Dividend Date||Jul 01, 2022|
|1y Target Est||N/A|
TC Transcontinental (TSX: TCL.A) (TSX: TCL.B) will appeal the Superior Court's decision, rendered today, dismissing its motion to quash the City of Mirabel's by-law on the distribution of printed advertising material. The by-law requires TC Transcontinental to abide by the opt-in system which, if maintained, would lead to the end of the distribution of the Publisac by TC Transcontinental in Mirabel.
TC Transcontinental (TSX: TCL.A) (TSX: TCL.B), owner of the Publisac, reacts today to the City of Montreal's announcement of its intention to implement an opt-in system for the distribution of flyers beginning in May 2023, that would lead to the end of the distribution of the Publisac on its territory. As already indicated by TC Transcontinental, an opt-in model is unsustainable because of its complexity and the prohibitive costs it would generate.