Updates on your Conservative stocks: CAE, Canadian Tire & Great-West

Article Excerpt

CAE INC. $29 (www.cae.com) remains a buy. The company continues to benefit as air travel volumes return to pre-pandemic levels. That is spurring airlines to order more of its flight simulators and training services. The company also continues to win new orders from military clients. As a result, its order backlog was a record $10.80 billion as of March 31, 2023, up 12.7% from a year earlier. That’s equal to 2.6 times its annual revenue. CAE is a buy. CANADIAN TIRE CORP. $169 (www.canadiantire.ca) is a buy. The retailer continues to expand its Triangle rewards program. It recently formed a new alliance with Suncor, which lets members earn loyalty points at Petro-Canada gas stations. The company also launched a new fee-based ($89 a year) program called Triangle Select. So far, the new plan has signed up over 22,000 members. In all, there are now over 11.4 million Triangle members. Canadian Tire is a buy. GREAT-WEST LIFECO INC. $38 (www.greatwestlifeco.com) is a hold. The insurer is now selling its U.S.-based Putnam mutual fund business…