Friday's Canadian Stock Movers

Friday's Canadian Stock Movers

Assessment

Interactive Video

Business

University

Hard

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Transforce acquired XPO Logistics' North American truckload operations for $558 million, enhancing its US presence. Analyst Jason Seidl suggests a potential company split. Colliers International's shares fell after missing earnings expectations, despite positive future guidance. Methanex's stock was downgraded to hold by TD, but its target price was raised, indicating potential upside. Methanex reported a slight adjusted loss but exceeded revenue forecasts.

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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was the primary reason for the Montreal-based firm's acquisition of XPO Logistics' North American truckload operations?

To increase its workforce

To diversify its business portfolio

To expand into the US market

To reduce operational costs

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was the expected earnings per share for Colliers International in the third quarter?

$0.50

$0.40

$0.56

$0.60

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How did investors react to Colliers International's guidance for the next quarter?

They demanded a change in management

They were optimistic and bought more shares

They ignored the guidance

They sold all their shares

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was the new target price set by TD for Methanex?

$39

$41

$38

$40

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was Methanex's reported third-quarter adjusted loss?

1 cent

2 cents

5 cents

10 cents