Several members of the TFI board of directors took advantage of the recent decline in the shares of the Montreal transport company to buy shares.

TFI stock slipped as low as $177 in Toronto in early May after hitting a high of $220 on April 10. John Pratt purchased 1132 shares on May 2, Debra Kelly-Ennis purchased 500 shares on May 2, while Diane Giard purchased 1000 shares on April 29.

TFI presented its start-of-year financial performance on April 25. “Trucking full loads in the first quarter was a disaster,” said top boss Alain Bédard, commenting on the performance in a conference call with analysts. “Just look at our peers in the United States or Canada. It’s very difficult right now in the truckload transportation market. »

The Quebec company iA Financial Group is now almost unanimous on Bay Street. There is now only one analyst in eight who does not suggest buying, while CIBC has just changed its recommendation. In a note published Thursday, Paul Holden of CIBC said he expects a better year in terms of earnings per share growth and considers the stock market valuation attractive. He points out that the stock has been lagging since the start of the year and that it is trading at one of the lowest valuation multiples compared to its Canadian peers.

This is a great opportunity to take a new look at Rogers Sugar, according to Desjardins. The financial performance revealed Thursday by the Montreal producer of sugar and maple products encourages analyst Frédéric Tremblay to change his mind. He now recommends buying the stock. It has just redone its calculations to reflect a more favorable outlook in the sugar sector. His constructive opinion is also supported by the recovery and prospects of the maple sector. “In both segments, management is making the right decisions to ensure strong, profitable growth. The icing on the cake is an attractive valuation and a 6% dividend yield. » Two out of five analysts now recommend buying.

The Bank of Canada must lower its key rate 3 or 4 times by the end of the year, even if the Fed will probably remain on the sidelines until 2025, argues strategist Sébastien McMahon at iA Global Management d ‘assets. “This is necessary to allow the Canadian economy to emerge from its slump,” he says in his monthly commentary sent this week.

“This divergence is expected to weigh on the Canadian dollar, but our estimates suggest that the marginal effect is limited. We expect the loonie to slide towards 70 cents by the end of 2024, a decline of 3 cents from current prices. » Such a situation would favor the returns on foreign investments held by Canadian investors.

A senior Metro executive has just made a gross gain of $660,000 by selling shares of the Montreal grocer. Executive Vice President for Domestic Supply Chain and Purchasing Carmen Fortino exercised a total of 21,300 options on May 3 at a strike price of $41.16 and subsequently sold these securities at prices of $72.10 and $72.13.

The stock market slide of Quebec manufacturer of zero-emission vehicles Lion is leading its largest shareholder to adjust the valuation of its investment to reflect the drop in market value. Power Corporation said midweek that it had booked a non-cash impairment charge of $20 million in the first quarter related to Lion. As of the start of the second quarter, early April, Power’s 34% stake in Lion was worth $148 million. The value of this investment has now fallen to 94 million with the stock market decline observed over the past month and a half.

The chairman of the board of directors of Goodfellow has just purchased shares of the Quebec manufacturer of wood products and distributor of construction materials. Robert Hall purchased a total of 1,000 shares at a price of $15 per share during the May 2 and May 3 sessions. He has been chairman of the board for two years.

Quebec stocks Savaria, 5N Plus, Groupe ADF, Bombardier, Power Corporation, Banque Nationale and Dollarama all reached a 52-week high this week on the Toronto Stock Exchange.

On the other hand, those of Pages Jaunes and D-Box once again reached a 52-week low this week.