Desjardins' CRCD Share Price Rises 6% as Development Capital Portfolio Drives Growth
Event summary
- CRCD share price climbed to $20.65, up $1.20 from December 31, 2025.
- Net earnings for the first half of 2026 reached $164.7 million, a non-annualized return of 6.0%.
- Development capital investment portfolio returned 6.2%, while other investments returned 4.1%.
- CRCD launched a new business model on January 1, 2026, focusing exclusively on indirect investments through private partner funds.
- New share campaign starts September 1, 2026, with eligible shareholders able to purchase up to $5,000 in shares and receive a 25% tax credit.
The big picture
Desjardins' CRCD continues to demonstrate resilience in Quebec's economic landscape, with a strategic focus on supporting local businesses through targeted investment funds. The shift to indirect investments through private partner funds managed by Desjardins Capital underscores a broader industry trend toward leveraging specialized expertise and diversified portfolios to drive regional economic growth.
What we're watching
- Portfolio Performance
- How the development capital investment portfolio will sustain its strong performance amid economic uncertainty.
- Investor Demand
- Whether the new share campaign starting September 1, 2026, will attract sufficient investor interest to reach the $155 million authorized limit.
- Strategic Shift Impact
- The pace at which CRCD's new business model of indirect investments through private partner funds will enhance its role in Quebec's business ecosystem.
Related topics