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  5. GFL: I am currently down on GFL, and am considering replacing it with TFII in my portfolio. [GFL Environmental Inc. Subordinate no par value]
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Investment Q&A

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Q: I am currently down on GFL, and am considering replacing it with TFII in my portfolio. Do you think this is a solid move with regards to GFL’s potential compared to that of TFII.
Asked by Merrilyn on January 12, 2026
5i Research Answer:

TFII has good potential in a recovery and is showing solid momentum (up 10% already in 2026). If an investor understands its inherent cyclicality we would be fairly comfortable with this switch.