$GSY
"Subprime firm Goeasy dives 39% as trouble emerges in auto loans"

"Canadian subprime lender Goeasy Ltd. suspended its dividend, withdrew its outlook and said it will write off an additional $233 million in consumer loans, interest and fees.

The shares plunged as much as 39 per cent.

The problems stem from loans for autos and "powersports" equipment, a category that includes items such as all-terrain vehicles.

The Mississauga, Ont.-based firm said it expects its net charge-off rate — a measure of loans that it doesn't expect to collect on — to be just below 13 per cent for last year and to rise into the mid-teens in 2026…"

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