Power Co. of Canada TSE: POW has completed its planned simplification into an international financial-services holding company and is positioning its operating businesses, strategic investments and alternative-asset platforms as its next sources of value creation, a company executive said at a CIBC conference in Montreal.
Power Co. of Canada TSE: POW reported record second-quarter adjusted earnings per share of C$1.55, up 12% from a year earlier, as earnings growth at Great-West Lifeco and IGM Financial, higher valuations for certain portfolio investments and a lower share count supported results.