The Weekly Brief (As of March 26)
- Brookfield Asset Management Ltd. and La Caisse have agreed to buy the Quebec-based renewable power producer Boralex (BLX) for $9 billion including debt, or about $3.8 billion in equity value, which will provide the scale and resources needed to accelerate growth.
- Xanadu, which has promised to deliver the world’s first quantum data centre by 2030, will go public by merging with Crane Harbor Acquisition Corp. (CHAC), a Nasdaq-traded special purpose acquisition company (SPAC), in a deal worth more than US$3 billion, as interest in the quantum computing space becomes more popular.
- BRP Inc. (DOO) reported normalized EPS of $2.21 per share compared to $1.05 in the same period last year, driven by a 16 percent increase, while DOO also increased its quarterly dividend to $0.25 per share, up from $0.215.
- StorageVault Canada (SVI) has completed the acquisition of five stores for an aggregate purchase price of $62.5 million.
- Canadian oil & gas companies such as Canadian Natural Resources (CNQ) and Suncor Energy (SU) are expected to generate record free cash flow given the sustained high oil prices.
*Analysts of 5i Research responsible for this report do not have a financial or other interest in securities mentioned. The i2i Fund does not have a financial or other interest in securities mentioned. Clients of i2i Capital Managements Private Investment Counsel service (i2i PIC) may hold a financial interest in any companies discussed and the views of i2i PIC may differ from the views of 5i Research.
Introducing Benchmark Beaters — Our New Weekly Screener
We recently launched a new recurring weekly series: Benchmark Beaters.
The idea is simple. A stock hitting an all-time high does not automatically mean it is winning - what actually matters is whether it is beating the market it trades in. Every week, our screener identifies Canadian and US stocks making new highs relative to their benchmark - TSX for Canadian names, S&P 500 for US names. Stocks that show up are not just rising - they are outperforming.
Each week we flag whether a name is new to the list (just started outperforming), a repeat (2–3 consecutive weeks), or on a streak (4+ weeks running). That context matters. A name holding a streak of relative strength is indicating something different than one that just appeared.
The full downloadable report - which includes dozens of Canadian and US names across new, repeat, and streak categories with sector, market cap, and 6-month performance data - is available here: Benchmark Beaters Sign-Up Form
Report Updates
We have posted report updates on TVK Industries (TVK) and MTY Food Group (MTY). TVK is a diversified industrial conglomerate serving energy, agriculture, mining, transportation, and data centre end markets - and one of Canada's most disciplined serial acquirers over the past decade. MTY is one of Canada's largest multi-brand restaurant franchisors, running 80+ QSR and casual dining concepts across 7,000+ locations in Canada and the US through an asset-light royalty model. One company just completed its largest-ever acquisition and is navigating the integration complexity that comes with growing into a mid-cap, while the other is leaning on buybacks and dividend hikes as organic growth remains elusive.
Read the latest updates by logging in here!