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On Monday, investors may finally hear Lowe’s CEO Robert Niblock’s take on Lowe’s “expression of interest” in Rona. He will participate in the company’s analyst conference call after it releases its second-quarter results.
On Monday, investors may finally hear Lowe’s CEO Robert Niblock’s take on Lowe’s “expression of interest” in Rona. He will participate in the company’s analyst conference call after it releases its second-quarter results.
(Nathan Denette/THE CANADIAN PRESS)

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Caisse needs to get behind a Rona renovation

Sean Silcoff

 — The Globe and Mail

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Invesco Canada’s demand for a shareholder vote to dislodge the directors of poorly performing home improvement retailer Rona Inc. is an uncharacteristically bold move for a conventional Canadian institutional investor. Will its outburst of activism herald a torrent of similar actions by Canadian fund managers? Possibly. But the more immediate question is how another institutional investor, the Caisse de dépôt et placement du Québec, responds.