Toronto, Feb 11, 2026, 18:24 EST — After-hours
- goeasy shares slid in Toronto even as the wider TSX ended little changed
- Rate and growth signals are back in focus for non-prime consumer lenders
- Traders are watching credit-loss and funding trends into the next results
Shares of goeasy Ltd (GSY) ended down 5.47% at C$121.30 on Wednesday, with about 372,654 shares changing hands. The lender’s stock is off about 7.6% so far this year and sits near its one-year low, after a run that once took it to a one-year high above C$216. (MarketScreener)
The drop leaves goeasy on the back foot heading into Thursday’s session, and it puts the focus back on the next set of numbers from a lender that lives and dies on credit trends.
This matters now because non-prime consumer credit can turn quickly when growth slows, and investors have been jumpy about how long borrowing costs stay restrictive. Even small shifts in rate expectations feed through to funding costs and, eventually, borrowers’ ability to keep up.
The broader Toronto market finished flat, but the tape had a cautious feel. The S&P/TSX Composite ended down 0.01% and financials fell 1.29%, while Shopify slid 7.03% and Allied Properties dropped 27.83%; “it is likely too early to say the volatility is behind us,” Jay Bala at AIP Asset Management said. (Reuters)
Currency and bond moves did not help sentiment. The Canadian dollar eased as U.S. jobs data underpinned the greenback, and Convera strategist Kevin Ford pointed to “the strength of jobs data and the impact on interest rates” as the driver, while oil settled up about 1% at $64.63 a barrel. (Reuters)
Bank of Canada minutes added a reminder that the domestic outlook is still messy. Policymakers said “uncertainty remains high,” and noted it would be hard to predict the timing and direction of shocks, after holding the policy rate at 2.25% at their January meeting. (Reuters)
goeasy is a consumer lender that provides non-prime leasing and lending through its easyhome, easyfinancial and LendCare brands, with services delivered online and through more than 400 locations across Canada. It also finances consumer purchases at partner merchants in categories that include automotive and home improvement. (Reuters)
In its last reported quarter, goeasy posted loan originations of $946 million and said its loan portfolio rose to $5.44 billion, while total annualized yield — essentially what it earns in interest and fees as a share of loans — ran at 31.4%. The company’s net charge-off rate, a measure of loans written off after recoveries, was 8.9%; then-CEO Dan Rees said “the economic climate continued to be challenging” and pointed to early-stage delinquencies. (goeasy)
Management is also in transition. goeasy said in December that Rees would step down for health reasons and that Patrick Ens, then president of easyfinancial, would take over as CEO on Jan. 1, 2026, with Rees staying on as a special adviser through June. (goeasy)
The board has kept buybacks in the toolkit. goeasy said the TSX accepted its notice to renew a normal course issuer bid — a program that allows a company to repurchase shares in the market — for up to 1,235,151 shares, with purchases able to run through Dec. 22, 2026. (goeasy)
But the downside case is easy to sketch: if delinquencies climb, charge-offs follow, and earnings compress fast for lenders that serve borrowers with thinner buffers. goeasy has also been working through an interest-rate cap — a limit on the maximum rate lenders can charge — and it has said it integrated the cap into its credit models. (goeasy)
The next clear catalyst is the company’s expected earnings update on Feb. 18, according to Investing.com’s earnings calendar. The last release showed adjusted EPS below forecasts, and goeasy’s stock moved sharply on the miss — a setup that helps explain the caution into next week. (Investing)
