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.
New Podcast Episode!
In this episode:
Chris and Ryan cover:
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The latest from hyperscalers - MSFT, META, AMZN, GOOGL
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The rolling SaaS selloff and why we think the “SaaS-pocalypse” may be nearing its end
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The VIX and the bifurcated market
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High-beta investing
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Magellan Aerospace (MAL)
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Combining fundamentals with price momentum
Listen on Spotify
Report Updates
We have posted report updates on Savaria Corporation (SIS) and Toromont Industries (TIH). SIS is a global leader in the accessibility industry, providing solutions, including home elevators, stairlifts, and patient-care equipment, that help the elderly and physically challenged improve their mobility and independence. TIH is one of Canada's leading providers of specialized equipment and lifecycle support services, operating through an exclusive partnership with Caterpillar. One company has been steadily optimizing its cost structure through lean manufacturing initiatives, with margins reaching record levels, while the other has emerged as an unexpected beneficiary of the AI investment theme.
Read the latest updates by logging in here!
Rating Adjustment Report
We have posted a rating adjustment report on goeasy (GSY). On March 10, 2026, goeasy (GSY) provided a financial and operational update in which the company expects roughly $331 million in Q4 net charge-offs, including $178 million tied largely to issues at its LendCare division. While GSY's issues are partly industry-related, they are also exacerbated by other decisions the company had made in the business. Because of the higher-than-expected defaults and rising credit losses, the company withdrew its financial outlook and three-year forecast, and warned that the losses could put pressure on some loan covenants. Consequently, we are dropping our rating on Goeasy (GSY) by four notches to “C+”.
Read the latest updates by logging in here!