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Consumer lender stock goeasy TSX:GSY plunged 35% between February and early May 2023. The reason was quite evident stanley cup , as Canadian regulators announced their intention to trim the annual maximum interest rate from 47% to 35%. After enjoying such sky-high rates for so many years, investors thought this was a potential b stanley termoska low for goeasy. However, the management kept the company s positive guidance intact in its recently released first-quarter Q1 earnings. The stock rebounded subsequently and is up 15% for the month.How goeasy became investors darlingThe $1.75 billion goeasy mainly caters to non-prime borrowers. As tra stanley cup ditional financial institutions moved away from lending to subprime and non-prime borrowers, particularly after the 2008 financial meltdown, the addressable market for lenders like goeasy increased substantially.But despite being in a risky industry, goeasy has seen consistent operational and financial performance over the years. Its revenues grew by 18% while the net income Ormt TFSA Investors: How to Earn $202.19/Month in Passive Income
The airline industry is facing a chaining dynamic that is forcing leading carriers like Air Cana stanley cup da TSX:AC TSX:AC.B and WestJet Airlines Ltd. TSX:WJA to adapt and play catch-up.The latest trend to befall the global airline industry is the emergence of ultra-low-cost-carriers ULCCs that threaten to undercut even the lowest cost economy fares of traditional airlines.ULC s are a trend that first began in Europe. When the trend first began, many figured that ULCCs could never make their way to Canada.That s because it is so much more expensive to fly in Canada already thanks to the country s vast geography and a low population density that only serves to make matters of air flight more challenging for the established carriers.In fact, a 2017 survey that was put together by online travel agency Kiwi ranked Canada number 65 out of a total of 80 countries in terms of their affordability to book flights out of the country.The cost to book a flight in stanley cup Canad stanley cup a has become such a competitive |
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