Canadian nonprime consumer lender to buy back shares

  • Goeasy plans to repurchase up to 10% of its issued and outstanding common shares
  • Toronto Stock Exchange approves the renewal of Goeasy’s normal course issuer bid
  • Stock has grown 48% year-to-date, closing at 157.58 Canadian dollars per share
  • Repurchase plan expected to begin on Dec. 21

Goeasy, a Canadian nonprime consumer lender, has announced its plans to renew its share repurchase program. The company intends to buy back up to 10% of its issued and outstanding common shares over the course of a year. The Toronto Stock Exchange has approved the renewal of Goeasy’s normal course issuer bid, allowing the company to buy for cancellation up to 1.3 million shares, representing about 10% of its public float. Goeasy’s stock has experienced significant growth, with a 48% increase year-to-date, closing at 157.58 Canadian dollars per share. The renewed repurchase plan is set to begin on December 21.

Public Companies: Goeasy (N/A)
Private Companies:
Key People:

Factuality Level: 8
Justification: The article provides factual information about goeasy’s intention to renew its share repurchase program and the approval of the Toronto Stock Exchange. It also includes the current stock price and the estimated value of the shares. However, it lacks additional context or analysis.

Noise Level: 7
Justification: The article provides information about goeasy’s intention to renew its share repurchase program and the approval from the Toronto Stock Exchange. It also mentions the company’s stock performance and the value of the shares. However, it lacks analysis, evidence, or insights into the long-term trends or consequences of the repurchase program. It also does not provide any actionable insights or solutions for the reader.

Financial Relevance: Yes
Financial Markets Impacted: The news article pertains to goeasy, a Canadian nonprime consumer lender. The renewal of its share repurchase program may impact the company’s stock price and potentially the broader financial market.

Presence of Extreme Event: No
Nature of Extreme Event: No
Impact Rating of the Extreme Event: No
Justification: The news article does not describe any extreme event. It focuses on goeasy’s intention to renew its share repurchase program.

Reported publicly: www.marketwatch.com