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Stock news for investors: Goeasy shares plunge nearly 60% after lender suspends dividend
MoneySense· 2026-03-13 08:40
Goeasy shares were down $65.90 or 57% at $49.65 in afternoon trading on the Toronto Stock Exchange. The company said it expects to take a $178-million charge for bad loans related to its LendCare business in its fourth quarter and a related writedown of about $55 million for loan interest and fees. It also expects a net increase in allowance for credit losses on gross consumer loans receivable in the quarter of $86 million compared with the amount reported at Sept. 30.Goeasy also announced Felix Wu has been ...