In QuotedData’s morning briefing 16 August 2024:
- Canadian General Investments (CGI) announced its interim report for the six months to 30 June 2024. The company delivered a NAV total return of 13.3%, ahead of the benchmark index return of 6.1%. Shares were up 4.8%. Commenting on the performance and outlook, chair Vanessa Morgan noted: “The S&P/TSX year to date has reflected a blend of resilience in key sectors, a general responsiveness to global economic trends and ongoing domestic stability. Looking ahead, uncertainties such as global trade tensions, geopolitical events, inflationary pressures and related monetary policies could influence the Canadian equity markets but, while these challenges persist, the outlook remains cautiously optimistic.”
