Stock of goeasy Ltd. (GSY.TO) is tumbling around 49 percent on Tuesday morning trading over the expected incremental charge-off of approximately $178 million in the fourth quarter related to to certain loans in the company's LendCare business. Accordingly, the company is withdrawing its previously issued fourth-quarter outlook and three-year forecast.
The company's stock is currently trading at C$58.24, down 49.54 percent or C$57.31, over the previous close of C$115.55 on the Toronto Exchange. It has traded between C$54.30 and C$216.50 in the past one year.
The company also announced that Felix Wu, who has served as Interim Chief Financial Officer since September 30, 2025, has been appointed Chief Financial Officer, effective immediately.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.