20:59:30 EDT Wed 24 Apr 2024
Enter Symbol
or Name
USA
CA



Fortis Inc
Symbol FTS
Shares Issued 399,833,460
Close 2016-11-09 C$ 42.56
Market Cap C$ 17,016,912,058
Recent Sedar Documents

Globe expects CIBC, others to weather market volatility

2016-11-10 08:15 ET - In the News

See In the News (C-CM) Canadian Imperial Bank of Commerce

The Globe and Mail attempts to identify large-cap Canadian names that have historically weathered market volatility in its Thursday, Nov. 10, edition. The Globe's Ian Tam writes in the Number Cruncher column that the outcome of the U.S. presidential election was certainly unexpected for many investors, likely resulting in increased volatility in many financial markets on Wednesday. This week, Mr. Tam looked to create a conservative equity strategy that ranks stocks for the Canadian market based on the best combination of several factors such as five-year and three-year historical beta, one-year standard deviation of returns (this is a measure of price volatility where lower measures are preferred), earnings variability (which measures how volatile a company's earnings have been historically, lower numbers are preferred), price to earnings, price to book, and three-month earnings revisions. To qualify, stocks needed to have a market capitalization of $1.2-billion or more. Mr. Tam's stocks that appear able to weather volatility are Telus, Canadian Imperial Bank of Commerce, Fortis, North West Company and Metro.

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