Power Co. of Canada CEO Says Returns Are Earnings-Driven, Eyes More Aggressive Buybacks

Orr also pushed back on the idea that the stock’s performance has been primarily a valuation story. “It hasn’t been a valuation story. It’s been a growth earnings story,” he said, citing Great-West Life’s “12% earnings growth EPS for the last four years” and noting the company’s discount has narrowed but remains elevated.Building and validating longer-dated investments that “will earn money for us in five years and 10 years,” pointing to Wealthsimple and Rockefeller as examples of value surfacing outside ne ...