INSTITUTIONAL EQUITY RESEARCH

Our comprehensive coverage universe.
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Financial Services
Jeff Fenwick, MBA, MPhil | Managing Director & Co-Head of Institutional Equity Research

AD.UN Alaris Equity Partners Income Trust
BRE Bridgemarq Real Estate Services Inc.
CF Canaccord Genuity Group Inc.
DIV Diversified Royalty Corp.
DLCG Dominion Lending Centres Inc.
EIF Exchange Income Corporation
FFH Fairfax Financial Holdings Limited
GSY goeasy Ltd.
PRL Propel Holdings Inc.
TSU Trisura Group Ltd.
WED Westaim Corporation

Growth & Innovation
Gavin Fairweather, CFA | Managing Director & Co-Head of Institutional Equity Research

ALYA Alithya Group Inc.
AIF Altus Group Limited
DTOL D2L Inc.
DCBO Docebo Inc.
DND Dye & Durham Limited
KSI kneat.com, inc.
QTRH Quarterhill Inc.
REAL Real Matters Inc.
STC Sangoma Technologies Corporation
SYZ Sylogist Ltd.
TCS Tecsys Inc.
THNC Thinkific Labs Inc.
VHI VitalHub Corp.

Growth & Innovation
Martin Toner, CFA | Managing Director, Institutional Equity Research

BITF Bitfarms Ltd.
BLN Blackline Safety Corp.
GLXY Galaxy Digital Inc.
KXS Kinaxis Inc.
LSPD Lightspeed Commerce Inc.
RIOT Riot Platforms, Inc.
SHOP Shopify Inc.
WULF TeraWulf Inc.
ZOMD Zoomd Technologies Ltd.

Small and Mid-Cap Exploration & Production
Amir Arif, CFA, MBA, CMT | Managing Director, Institutional Equity Research

BTE Baytex Energy Corp.
BNE Bonterra Energy Corp.
CJ Cardinal Energy Ltd.
HWX Headwater Exploration Inc.
HME Hemisphere Energy Corporation
HAM Highwood Asset Management Ltd.
IPO InPlay Oil Corp.
IPCO International Petroleum Corporation
LCX Lycos Energy Inc.
PEY Peyto Exploration & Development Corp.
RBY Rubellite Energy Corp.
SOIL Saturn Oil & Gas Inc.
SPUR Spur Petroleum Ltd.
SGY Surge Energy Inc.
VET Vermilion Energy Inc.
YGR Yangarra Resources Ltd.

Large-Cap Exploration & Production
Patrick O’Rourke, CFA | Managing Director, Institutional Equity Research

ARX ARC Resources Ltd.
ATH Athabasca Oil Corporation
BIR Birchcliff Energy Ltd.
CNQ Canadian Natural Resources Limited
CVE Cenovus Energy Inc.
FRU Freehold Royalties Ltd.
IMO Imperial Oil Limited
KEL Kelt Exploration Ltd.
NVA NuVista Energy Ltd.
POU Paramount Resources Ltd.
PSK PrairieSky Royalty Ltd.
SDE Spartan Delta Corp.
SCR Strathcona Resources Ltd.
SU Suncor Energy Inc.
TVE Tamarack Valley Energy Ltd.
TPZ Topaz Energy Corp.
TOU Tourmaline Oil Corp.
WCP Whitecap Resources Inc.

Energy Infrastructure & Renewables
Nate Heywood, CFA | Managing Director, Institutional Equity Research

ALA AltaGas Ltd.
CPX Capital Power Corporation
ENB Enbridge Inc.
GEI Gibson Energy Inc.
KEY Keyera Corp.
NPI Northland Power Inc.
PPL Pembina Pipeline Corporation
RGSI Rockpoint Gas Storage Inc.
SES SECURE Waste Infrastructure Corp.
SOBO South Bow Corporation
SPB Superior Plus Corp.
TRP TC Energy Corporation
TWM Tidewater Midstream and Infrastructure Ltd.
LCFS Tidewater Renewables Ltd.
TA TransAlta Corporation

Energy Services & Industrial Services
Tim Monachello, CFA | Managing Director, Institutional Equity Research

ACX ACT Energy Technologies Ltd.
AFN Ag Growth International Inc.
AKT.A AKITA Drilling Ltd.
CFW Calfrac Well Services Ltd.
CEU CES Energy Solutions Corp.
EFX Enerflex Ltd.
ESI Ensign Energy Services Inc.
MATR Mattr Corp.
NOA North American Construction Group Ltd.
PHX PHX Energy Services Corp.
PD Precision Drilling Corporation
QST Questor Technology Inc.
TOT Total Energy Services Inc.
TCW Trican Well Service Ltd.
WRG Western Energy Services Corp.

Energy
Kalvin Baim, CFA, CPA | Director, Institutional Equity Research

AAV Advantage Energy Ltd.
CEI Coelacanth Energy Inc.
LGN Logan Energy Corp.
TNZ Tenaz Energy Corp.
VLE Valeura Energy Inc.

Battery Materials
MacMurray Whale, PhD, P.Eng. | Managing Director, Institutional Equity Research

BLDP Ballard Power Systems Inc.
EMM Giyani Metals Corp.
LIFT Li-FT Power Ltd.
LAC Lithium Americas Corp.
LAR Lithium Argentina AG
LTH Lithium Ionic Inc.
LIRC Lithium Royalty Corp.
GRA NanoXplore Inc.
NEXT NextSource Materials Inc.
NOU Nouveau Monde Graphite Inc.
PMET PMET Resources Inc.
SGML Sigma Lithium Corporation
WPRT Westport Fuel Systems Inc.

Base Metals Mining
Stefan Ioannou, PhD | Managing Director, Institutional Equity Research

ALDE Aldebaran Resources Inc.
ASCU Arizona Sonoran Copper Company Inc.
ATX ATEX Resources Inc.
BRO Barksdale Resources Corp.
MOON Blue Moon Metals Inc.
CNC Canada Nickel Company Inc.
CS Capstone Copper Corp.
CIA Champion Iron Limited
ERO Ero Copper Corp.
FWZ Fireweed Metals Corp.
FOM Foran Mining Corporation
FPX FPX Nickel Corp.
HI Highland Copper Company Inc.
HCH Hot Chili Limited
HBM Hudbay Minerals Inc.
KDK Kodiak Copper Corp.
LUN Lundin Mining Corporation
MARI Marimaca Copper Corp.
MNO Meridian Mining UK Societas
NEXM NexMetals Mining Corp.
NGEX NGEx Minerals Ltd.
RUP Rupert Resources Ltd.
SIG Sitka Gold Corp.
SGD Snowline Gold Corp.
TMQ Trilogy Metals Inc.
WRN Western Copper and Gold Corporation
WLF Wolfden Resources Corporation

Precious Metals Mining
Richard Gray, CFA | Managing Director, Institutional Equity Research

AEM Agnico Eagle Mines Limited
ALS Altius Minerals Corporation
ARIS Aris Mining Corporation
ARTG Artemis Gold Inc.
BTO B2Gold Corp.
BYN Banyan Gold Corp.
ABX Barrick Mining Corporation
BTR Bonterra Resources Inc.
CCCM C3 Metals Inc.
CG Centerra Gold Inc.
CDE Coeur Mining, Inc.
CTGO Contango Ore, Inc.
ELD Eldorado Gold Corporation
EQX Equinox Gold Corp.
AG First Majestic Silver Corp.
FF First Mining Gold Corp.
GMIN G Mining Ventures Corp.
GTWO G2 Goldfields Inc.
GAU Galiano Gold Inc.
HSTR Heliostar Metals Ltd.
IAU i-80 Gold Corp.
IMG IAMGOLD Corporation
ITR Integra Resources Corp.
K Kinross Gold Corporation
OGC OceanaGold Corporation
OLA Orla Mining Ltd.
RDS Radisson Mining Resources Inc.
RUA RUA Gold Inc.
SSRM SSR Mining Inc.
TAU Thesis Gold Inc.
TXG Torex Gold Resources Inc.
TLG Troilus Gold Corp.
WAF West African Resources Limited

Precious Metals & Uranium
Nicolas Dion, CFA, MSc | Director, Institutional Equity Research

AAUC Allied Gold Corporation
USA Americas Gold and Silver Corporation
CVV CanAlaska Uranium Ltd.
DML Denison Mines Corp.
DSV Discovery Silver Corp.
FDR Founders Metals Inc.
HSLV Highlander Silver Corp.
KNT K92 Mining Inc.
LUG Lundin Gold Inc.
MAU Montage Gold Corp.
NXE NexGen Energy Ltd.
OMG Omai Gold Mines Corp.
OR OR Royalties Ltd
PRU Perseus Mining Limited
SVM Silvercorp Metals Inc.
VMET Versamet Royalties Corporation
VOXR Vox Royalty Corp.
WPG West Point Gold Corp.

Mining
Zach Matheson | Director, Institutional Equity Research

AMX Amex Exploration Inc.
ONYX Onyx Gold Corp.

Diversified Industries
Chris Murray, CFA, P.Eng. | Managing Director, Institutional Equity Research

ARE Aecon Group Inc.
AC Air Canada
ATRL AtkinsRéalis Group Inc.
ACQ AutoCanada Inc.
BDT Bird Construction Inc.
BYD Boyd Group Services Inc.
CNR Canadian National Railway Company
CP Canadian Pacific Kansas City Limited
CJT Cargojet Inc.
DXT Dexterra Group Inc.
GFL GFL Environmental Inc.
MEQ Mainstreet Equity Corp.
NFI NFI Group Inc.
ROOF Northstar Clean Technologies Inc.
STN Stantec Inc.
WCN Waste Connections Inc.
WSP WSP Global Inc.

Diversified Industries & Special Situations
Kyle McPhee, CFA | Managing Director, Institutional Equity Research

ADEN ADENTRA Inc.
BDI Black Diamond Group Limited
CRRX CareRx Corporation
DE Decisive Dividend Corporation
EXE Extendicare Inc.
HLF High Liner Foods Incorporated
KBL K-Bro Linen Inc.
KITS Kits Eyecare Ltd.
PET Pet Valu Holdings Ltd.
PBH Premium Brands Holdings Corporation
SIS Savaria Corporation
WELL WELL Health Technologies Corp.
ZDC Zedcor Inc.

Diversified Industries & Special Situations
Nicholas Boychuk, CFA | Director, Institutional Equity Research

VNP 5N Plus Inc.
BRM BIOREM Inc.
CGY Calian Group Ltd.
DRT DIRTT Environmental Solutions Ltd.
HPS.A Hammond Power Solutions Inc.
ISC Information Services Corporation
PNG Kraken Robotics Inc.
NEO Neo Performance Materials Inc.
PIF Polaris Renewable Energy Inc.
GRID Tantalus Systems Holding Inc.

Communications & Media
David McFadgen, CFA | Director, Institutional Equity Research

BCE BCE Inc.
BAMI Blue Ant Media Inc.
BRAG Bragg Gaming Group Inc.
CCL.B CCL Industries Inc.
CJR.B Corus Entertainment Inc.
MDA MDA Space Ltd.
PBL Pollard Banknote Limited
QBR.A Quebecor Inc.
RCI.B Rogers Communications Inc.
TOY Spin Master Corp.
TSAT Telesat Corporation
T Telus Corporation
TGO TeraGo Inc.
TBRD Thunderbird Entertainment Group Inc.
TCL.A Transcontinental Inc.
FORA VerticalScope Holdings Inc.
WILD WildBrain Ltd.

Real Estate & REITs
Sairam Srinivas, MBA | Director, Institutional Equity Research

APR.UN Automotive Properties Real Estate Investment Trust
BEI.UN Boardwalk Real Estate Investment Trust
HOM.UN BSR Real Estate Investment Trust
CAR.UN Canadian Apartment Properties Real Estate Investment Trust
CSH Chartwell Retirement Residences
MPCT.UN Dream Impact Trust
D.UN Dream Office Real Estate Investment Trust
ERE.UN European Residential Real Estate Investment Trust
IIP.UN InterRent Real Estate Investment Trust
KMP.UN Killam Apartment REIT
MI.UN Minto Apartment Real Estate Investment Trust
NXLV NexLiving Communities Inc.
NWH.UN NorthWest Healthcare Properties Real Estate Investment Trust
PKT Parkit Enterprise Inc.
RPR.UN Ravelin Properties REIT
SIA Sienna Senior Living Inc.
SGR.UN Slate Grocery REIT
SVI StorageVault Canada Inc.

Life Sciences
Frederico Gomes, CFA, MBA | Director, Institutional Equity Research

AAWH.U Ascend Wellness Holdings, Inc.
ACB Aurora Cannabis Inc.
WEED Canopy Growth Corporation
CL Cresco Labs Inc.
CURA Curaleaf Holdings, Inc.
DB Decibel Cannabis Company Inc.
GLAS.A.U Glass House Brands Inc.
GTII Green Thumb Industries Inc.
HITI High Tide Inc.
JUSH.F Jushi Holdings Inc.
OGI Organigram Global Inc.
PLTH Planet 13 Holdings Inc.
SNDL SNDL Inc.
TSND TerrAscend Corp.
TLRY Tilray Brands, Inc.
TRUL Trulieve Cannabis Corp.
VRNO Verano Holdings Corp.
VFF Village Farms International Inc.