A look at some small-cap stocks making news - or about to. This file will be updated with additional stocks to watch later this morning
Canada’s S&P/TSX Small Cap Index TXTW-I is up by about 30 per cent over the past 52 weeks as of Tuesday’s close. It hit a record of 1,179.02 on Oct. 15. The Russell 2000 in the U.S. is up 9 per cent over the past 52 weeks. It hit a record 2,541.67 on Oct. 15.
Small-cap summary
Maple Leaf Foods Inc. (MFI-T) shares were down in early Wednesday trading after the company reported third-quarter earnings that missed expectations. The company also warned of cost inflation in its outlook.
Before markets opened on Wednesday, the company reported sales from continuing operations (minus its Canada Packers spinoff) of $1.01-billion for the third quarter, compared to $935.5-million for the same period last year. The expectation was for sales of $1.16-billion in the latest quarter, according to S&P Capital IQ
“The completion of the Canada Packers spin-off marks a defining milestone for Maple Leaf Foods, positioning us to unlock the full potential of our purpose-driven, brand-led consumer packaged goods business,” said CEO Curtis Frank in a news release. “This separation establishes two strong, independent companies, each with a clear strategic focus and the agility to pursue its own growth path, while maintaining a valued long-term partnership.”
Adjusted EBITDA from continuing operations was $117.7-million, up from $93.8-million but below expectations of $152.1-million.
Earnings from continuing operations were $23.3-million or 19 cents per share compared to a loss of $1.8-million or a penny per share last year. Adjusted EPS of 21 cents was below expectations of 39 cents, according to S&P Capital IQ.
“The company experienced significant input cost inflation to its Prepared Foods business in the third quarter due to sustained strength in pork market conditions that the company expects to persist into the fourth quarter,” it stated, adding that it’s putting in place “pricing actions to address input cost increases that will begin to be effective in the first quarter of 2026.”
Maple Leaf said it expects the consumer environment to stay “relatively stable for the remainder of the year, evolving macro-economic factors may influence consumer sentiment, supply chain activity, access to markets, and foreign exchange rates among other impacts.”
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Canada Packers Inc. (CPKR-T) shares were higher in early Wednesday trading after the company reported third-quarter results and declared a dividend for its first quarter since being spun off by Maple Leaf Foods last month.
Before markets opened on Wednesday, the company reported sales of $481.8-million, up from $420.2-million a year earlier. The result was ahead of expectations of $412.5 million, based on one analyst estimate, according to S&P Capital IQ.
Earnings of $25.6-million were up from $19.4-million a year ago.
Adjusted EBITDA came in at $60.2-million versus $41.4-million last year. The expectation was for $44.3-million.
The company declared a quarterly dividend of 23 cents per share payable on Dec. 31 to shareholders of record as of Dec. 10.
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ATS Corp. (ATS-S) stock was up in early Wednesday trading after the company reported second-quarter results that beat expectations.
Before markets opened on Wednesday, the company reported revenues increased 19 per cent to $728.5-million up from $612.8-million a year ago and ahead of expectations of $721.5-million.
Net income came in at $33.6-million or 34 cents per share compared to a net loss of $900,000 or a penny per share last year. Adjusted EPS of 45 cents compared to 25 cents a year ago and ahead of expectations of 43 cents. Adjusted EBITDA was $103.7-million compared to $78.3-million a year ago and beat expectations of $100.5-million.
Order backlog was $2.07-billion, up 13.5 per cent compared to $1.82-billion a year ago.
The company also said that, as part of a review, it has identified ways to improve its cost structure “to reallocate resources to strategic focus areas and improve operational efficiencies.” It said actions are expected to begin in the third quarter of fiscal 2026 and continue through the end of the fiscal year, with total anticipated restructuring expenses of approximately $15-million.
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Cargojet Inc. (CJT-T) shares dropped on Wednesday after the company reported a drop in revenue and profit for its third quarter, citing “macroeconomic headwinds.” The results for the quarter ended Sept. 30 also missed expectations.
After markets closed on Tuesday, the company reported revenue of $219.9-million, a drop of 10.5 per cent compared to $245.6-million for the same period last year. The result was below expectations of $237.9-million, according to S&P Capital IQ
Adjusted EBITDA was $70.4-million down 14.4 per cent compared to the same quarter of the previous year “primarily driven by lower net earnings impacted by declines in ACMI [aircraft, crew, maintenance, and insurance] and charter revenues driven primarily by macroeconomic conditions,” the company stated. The result was below expectations of $75.5-million.
Net earnings of $8.8-million were down 70 per cent versus $29.7-million for the third quarter of 2024. Earnings per share (EPS) came in at 58 cents versus $1.78 a year ago. Adjusted EPS of 32 cents was down from $1.48 last year. The expectation was for adjusted EPS of 91 cents, according to S&P Capital IQ.
Free cash flow increased by 219 per cent to $152.4-million, the company stated, driven by an increase in cash flow from operations of $15.9 million and an increase in proceeds from disposal of property, plant and equipment and assets held for sale, net of purchases, of $88.7 million.
“Despite near-term macroeconomic headwinds impacting our ACMI and Charter lines of business, we remain optimistic that international trade will stabilize and find new norms in the longer term, and we will continue to pursue new opportunities as a result,” stated co-CEO Jamie Porteous in a release.
Cargojet also announced that co-CEO Pauline Dhillon will become the company’s sole CEO on Jan. 1. Mr. Porteous will retire “to spend more time with family and pursue personal passions” but will stay on as a strategic advisor for a year, the company said.
National Bank Financial analyst Cameron Doerksen said his initial take is “negative,” but maintained his “outperform” (buy) rating and $120 while reviewing his forecasts.
“But based on the lower revenue in Q3, especially in the ACMI and Charter segments that have been more impacted by trade uncertainty/macro factors, we expect to see downward estimate revisions,” he wrote in a Nov. 4 note. “We also view the retirement of co-CEO Jamie Porteous as negative for the stock as he has been a key contributor to the building of the company from its founding.”
He also said tariff, trade and macroeconomic concerns “likely will continue to weigh on the air cargo market, but we nevertheless see Cargojet outperforming many of its P&C and other logistics peers supported by steady domestic network demand and long-term contracts with all key customers that feature minimum volume/block hour protections.”
Acumen Capital analyst Nick Corcoran also characterized the results as “negative,” calling them “soft” and below his and the consensus estimates.
He described the timing of the retirement of Mr. Porteous and appointment of Ms. Dhillon as CEO “as a surprise” and said “additional softness in November flight data is expected to further weigh on sentiment.”
Canaccord Genuity analyst Matthew Lee wrote that he was “somewhat surprised by the speed in which macroeconomic conditions have changed for Cargojet.“
In a note he wrote that, “while domestic revenue maintained 6% growth, both ACMI and charter fell by over 20%. On the ACMI front, management highlighted the impact of aircraft redeployment from Asia to Europe, while Charter revenue suffered from a decrease in scheduled flights with its Chinese ecommerce partner.”
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Propel Holdings Inc. (PRL-T) shares sank in Wednesday trading after the company reported third-quarter earnings that missed expectations and lowered some of its fiscal 2025 financial targets, citing a “more cautious operating posture.”
After markets closed on Tuesday, the financial technology company reported revenue of US$152.1-million up from US$117.2-million a year ago. The result was slightly below expectations of US$153.2-million, according to S&P Capital IQ.
Net income increased to US$15-million or 36 cents US per share from US$10.5-million or 28 cents US a year earlier. Adjusted EPS rose 2 per cent to 38 cents US, which was below expectations of 45 cents US.
Adjusted EBITDA of US$32.3-million compared to US$28.9-million last year. The expectation was for US$37.1-million.
The company said its loans and advances receivable increased by 31 per cent to US$434.8-million, which it described as “a record ending balance.”
Its provision for loan losses was US$79-million up from US$61.3-million a year ago. “Propel delivered stable seasonal credit performance (representing a 52 per cent provision for loan losses and other liabilities as a percentage of revenue) consistent with Q3 2024,” it stated.
The company also announced an 8-per-cent increase to its quarterly dividend to 84 cents (Canadian) from 78 cents on an annual basis.
It reported a more cautious outlook for fiscal 2025:
“The macroeconomic environment remains dynamic in our largest market, the U.S.,” it stated. “Persistent inflationary pressures in essential spending categories, moderating wage growth among lower-income consumers, recent trade tariffs, and the temporary effects of the recent federal government shutdown have contributed to a more cautious operating posture.”
Propel said it and its bank partners are being disciplined in underwriting and portfolio management “while focusing on credit quality and profitable growth.”
In its outlook, the company said its fiscal 2025 financial targets for revenue, net income margin and return on equity remain the same as announced earlier this year, but that it’s making “moderate adjustments” to other operating and financial targets including: Ending CLAB [combined loan and advance balances] growth rate of 18 to 22 per cent (down from 25 to 25 per cent), adjusted EBITDA margin of 23 to 25 per cent (down from 26 per cent to 30 per cent), adjusted net income margin of 11.75 to 12.5 per cent (down from 13.25 to 16.25 per cent) and adjusted return on equity of 29 per cent plus (down from 34 per cent plus).
“Notwithstanding this update, the company believes that its fundamentals remain strong,” it stated. “Credit performance remains within target ranges albeit at lower seasonally-adjusted originations, consumer demand remains resilient, and Propel is well-positioned heading into 2026 with a stronger portfolio, enhanced operating leverage and significant long-term growth potential.”
Ventum Capital Markets analyst Rob Goff, who has a “buy” and $42 target on the stock, said in a note that the results “reflected very disciplined growth with a focus on higher quality, lower yielding return customers.”
He described the results as “mixed,” saying they were largely in line with recently revised forecasts.
“We would expect investor expectations were similarly aligned. This view considers the number of recent forecast trims and the share price decline of 22% over the past two months. Credit quality was solid and QuidMarket continues its strong performance,” he wrote. “Investors will work their way through the guidance revisions. Guidance items that were lowered reflected the impact of management’s decision to focus on credit quality and returning customers. The non-adjusted Net Income Margin and ROE reflected the solid profitability and performance.”
Canaccord Genuity analyst Matthew Lee said the results were “slightly worse than expected on EBITDA but featured stronger-than-expected CLAB and revenue growth.”
“Importantly, PCLs remained largely intact at 52% of revenue (vs. our 51%), suggesting that the firm has been effective at navigating through a more challenging macroeconomic environment with adjusted ROE remaining solid at 25%,” he wrote in a note.
“With that said, we were somewhat surprised by the firm’s reduction in guidance, but understand that management is taking a cautious near-term approach to origination.”
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Pizza Pizza Royalty Corp. (PZA-T) reported muted same-store sales growth of 0.1 per cent for the third quarter ended Sept. 30.
Sales of $158.8-million were up from $155.8-million a year ago, but below expectations of $161.4-million, according to S&P Capital IQ.
Adjusted earnings of $7.9-million or 23 cents per share were roughly in line with the same quarter last year. The expectation was for EPS of 24 cents.
“While our performance was slightly stronger versus the prior year, we’ve seen heightened competition across the QSR category,” stated CEO Paul Goddard. “We’re responding by investing in digital ordering, improving speed of service, and delivering craveable new offerings that will differentiate our brand and drive growth.”
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Boardwalk REIT (BEI-UN-T) reported lower profit but higher rental revenue for the third quarter.
After markets closed on Tuesday, the REIT reported a profit of $37.6-million, down 32 per cent from $55.4-million a year earlier
Rental revenue of $160.8-million was slightly below expectations of $161-million and compared to $153.4-million a year earlier.
Funds from operations (FFO) of $1.23 per unit were up from $1.11 a year earlier. Adjusted FFO was $1.07, which was ahead of expectations of $1 and up from 95 cents a year ago.
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Imperial Metals Corp. (III-T) reported higher revenue and profit for its third quarter.
After markets closed on Tuesday, the mining company reported revenue of $168.8-million compared to $146.1-million for the same period last year.
Net income of $38.5-million or 22 cents per share was up from $32.3-million or 20 cents a year ago.
“Operationally, the third quarter was aligned with guidance, driven largely by higher throughput at Mount Polley and higher copper and gold grades at Red Chris,” stated president Brian Kynoch in a release. “With consolidated production totalling 46,306,326 pounds copper and 50,751 ounces gold through the nine months September 30, 2025, we are on track to achieve the higher end of our 2025 guidance.”
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Sprott Inc. (SII-T) announced a 33-per-cent increase in its quarterly dividend. On Tuesday, the comapny said the dividend will increase to 40 cents US per share payable on Dec. 2 to shareholders of record at the close of business on Nov. 17.
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Pet Valu Holdings Ltd. (PET-T) shares dropped 16 per cent on Tuesday after the company reported earnings that missed expectations and lowered some of its fiscal 2025 guidance.
Before markets opened on Tuesday, the company reported same-store sales growth was 2.3 per cent and revenues rose nearly 5 per cent to $289.5-million up from $276-million for the same quarter last year. The expectation was for revenue of $294.6-million.
Adjusted EBITDA of $63.6-million was down from $64.6-million a year ago and below expectations of $63.7-million.
Net income of $24.9-million was up from $23.2-million last year. Adjusted net income was $27.6-million or 40 cents per share compared to $29.9-million or 41 cents last year. The result was in line with expectations of 40 cents per share.
The company also lowered some of its fiscal 2025 guidance compared to its last earnings report in August. The company said it now expects revenue of between $1.175-billion and $1.185-billion (versus between $1.18-billion and $1.21-billion announced in Q2); adjusted EBITDA between $257-million and $260-million (versus $257-million and $262-million); adjusted net income of between $1.63 and $1.66 per share (versus $1.63 and $1.68 previously) and net capital expenditures of approximately $45-million (same as announced in Q2).
National Bank Financial analyst Vishal Shreedhar lowered his target to $37 from $42, citing “tapered guidance and tepid expectations for 2026 [that] were not expected.”
“In Q2/25 PET anticipated sssg [same-store sales guidance] to accelerate through 2025 and raised guidance, only to reverse that view this quarter,” he wrote in a note. “We view pet industry softness to be transient as the industry has historically been characterized by stable growth .... We maintain a positive view on PET, owing to its strong ROIC [return on invested capital] and attractive valuation.”
He also said that if the low valuation is sustained, the company could be “a takeout candidate for a Canadian grocer.”
In a note titled, “In the doghouse, but no fleas on PET,” CIBC analyst Mark Petrie maintained his “outperformer” (buy) recommendation but lowered his target to $36 from $42.
“We continue to view PET as a quality compounder, and our bias is to add on weakness following a mixed outlook in a market penalizing noise,” he wrote. “We suspect the company will need to rebuild some confidence in its ability to deliver healthy organic growth, but we believe this will materialize in 2026. And while a more robust consumer would support this, we do not see it as a requirement.”
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Telesat Corp. (TSAT-T) stock fell 9 per cent on Tuesday after the company reported lower revenues and swung to a wider-than-expected loss in its third quarter.
Before markets opened on Tuesday, the company reported revenue of $101-million, down from $138.4-million in the same quarter last year. The result was slightly ahead of expectations of $100.3-million.
“The decrease was primarily due to a lower rate on the renewal of a long-term agreement with a North American direct-to-home television customer and the expiration of a separate agreement with that customer, as well as to reductions in services for certain other customers, including an Indonesian rural broadband program and another North American direct-to-home customer,” the company stated.
Operating expenses rose 26 per cent to $58-million, which it said was primarily due to higher legal and professional fees and headcount growth.
Adjusted EBITDA for the quarter was $47-million, down from $96.2-million a year ago, but ahead of expectations of $34.1-million
Telesat’s net loss for the quarter was $121-million or $2.38 per share compared to net income of $68-million or $1.23 per share for the same period in the prior year. The expectation was for a loss of $2.28.
“The change was due to lower revenue combined with a foreign exchange loss this year compared to a foreign exchange gain in 2024,” the company stated, “and a loss in 2025 associated with the changes in the fair value of the Telesat Lightspeed financing warrants, as well as a gain on repurchase of debt recorded in 2024.”
In its fiscal 2025 outlook, the company said it expects revenues to be between $405-million and $425-million and adjusted EBITDA to be between $170-million and $190-million, both of which were in line with previous guidance.
CEO Dan Goldberg said the company’s Telesat Lightspeed team is progressing “both the engineering and commercial fronts, as we work toward an initial satellite launch late next year and toward further expanding our $1.1-billion Telesat Lightspeed backlog.”
He also said the company has taken steps to optimize its corporate and capital structure and boost its financing options.
“We distributed 62 per cent of the equity in Telesat Lightspeed to an indirect subsidiary of Telesat Corporation, and our advisors have started to engage with the advisors of the major holders of our GEO segment debt, with the goal of finding the best approach to address that debt,” he stated in a release.
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Wajax Corp. (WJX-T) reported higher profit and revenue for its third quarter.
Before markets opened on Tuesday, the maker of industrial products such as dump trucks and excavators reported revenue of $483.1-million up from $481-million a year earlier.
Net earnings of $16.7-million or 77 cents per share compared with $6.4-million or 29 cents a year earlier. Adjusted EPS of 75 cents increased from 44 cents a year ago.
Cash flow generated from operations of $18.5-million compared to cash used of $36.6-million in the third quarter of 2024.
CEO Iggy Domagalski said inventory has decreased $144.4-million from its peak in March 2024, “resulting in an improved leverage ratio of 2.28 times. Management continues to execute initiatives aimed at right-sizing inventory, streamlining costs and enhancing margins.”
National Bank Financial analyst Maxim Sytchev described the quarter as “good performance amid a lacklustre backdrop,” while increasing his target to $25 from $22.
“This is the third better print from the company YTD, explaining the +19% share price advance this year, lagging the TSX only marginally (+22% YTD; equipment peers like TIH / FTT at +48% / +99%, respectively),” he wrote in a Nov. 3 note. “The challenge, however, remains that we are still clawing our way back from the de-rating that took place mid-2024, a time frame vs. which 2025E / 2026E EBITDA is still lower to the tune of -18% /-13%.”
The analyst maintained his “sector perform” recommendation, noting that the company has a lot of exposure to the “moribund Canadian manufacturing sector.”
He said outgoing CEO Iggy Domagalski has “put the company on the correct path centred around creating less cyclicality, but the whole exercise has become more complicated when taking into account the post-pandemic pricing rollover, not an easy headwind to overcome when the baton was passed to Mr. Domagalski [in early 2022].”
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5N Plus Inc. (VNP-T), the Montreal-based maker of specialty semiconductors and performance materials, reported third-quarter earnings that beat expectations. The company also increased its guidance.
The company reported revenue increased 33 per cent to $104.9 million, compared to $78.8-million a year ago. The result was ahead of expectations of $94.6-million.
Adjusted EBITDA increased by 86 per cent to $29.1-million, compared to $15.6-million last year, “driven by higher volumes in the terrestrial renewable energy and space solar power sectors, and better prices over inflation for both space solar power and bismuth-based products.” The expectation was for adjusted EBITDA of $18.5-million.
Net earnings came in at $18.2-million or 20 cents per share compared to $6.4-million or 7 cents last year.
The company said its backlog stood at $357.5-million, representing 311 days of annualized revenue as at September 30, 14 days higher than in the previous quarter.
It also increased its 2025 adjusted EBITDA guidance to a range of $85-million to $90-million, up from $65-million to $70-million.
“5N Plus delivered another blockbuster quarter,“ Ventum Capital Markets analyst Amr Ezzat wrote in a Nov. 4 note, ”reinforcing its position as one of the most strategically entrenched materials suppliers in the clean energy and solar ecosystems.”
He reiterated his “buy” rating and raised his target to $26 from $21.50.
“The market’s underestimation of growth catalysts in specialty semiconductor and renewable energy applications presents a compelling case for multiple expansion as investors recognize the company’s direct alignment with surging demand in advanced materials for clean energy and advanced tech applications. Given the Company’s positioning in these high-growth markets and its potential to capture outsized growth relative to peers, we don’t think it’s inconceivable for the market to assign a premium to 5N Plus amid continued secular tailwinds.”
National Bank Financial analyst Michael Doumet increased his target to $25 from $21 and maintained his “outperform” (buy) rating.
“There is good reason to think that the 3Q beat should set expectations (much) higher for 2026 (and beyond),” he wrote in a note. “Given the extent of the EBITDA growth, the investor ‘reflex’ might be to question its sustainability. To us, it is VNP’s position as a major beneficiary of the (structural) shift of supply chains from China and its several strategic sourcing/margin initiatives that make its growth sustainable; SS (~75% of EBITDA) is on the verge of a large step-up in 2026 and has revenue visibility that extends through to 2028.”
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Corus Entertainment Inc. (CJR-B-T) announced a proposed major recapitalization that would significantly reduce its debt and interest costs and allow it to maintain operations, while almost completely diluting existing shares.
The restructuring will involve exchanging $500-million in senior unsecured notes for equity in a new parent company, NewCo, that will own Corus. The note holders will own 99 per cent of the new company’s shares.
All existing Corus shares will be exchanged for shares in the new company collectively worth 1 per cent of the total equity.
The proposed recapitalization is the company’s latest effort to find a reprieve from its heavy debt load, as it attempts to rewire its operations and cope with the decline of its legacy television and radio advertising businesses.
Read the full Globe story here
National Bank Financial analyst Adam Shine maintained his “underperform” (sell) rating and target of a penny per share.
“Projected values in NAV were negative but turn to breakeven with recapitalization, which we hoped would involve greater debt reduction,” he wrote in a note. “While we include 100x more shares for now, we should expect a share consolidation of perhaps at least 1-for-100 to create a share price above zero.”
Added Mr. Shine: “As we await the completion of the recapitalization, our target reflects a notional value of $0.01/share ahead of any share consolidation, possible valuation changes, and regulatory relief not currently anticipated.”
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Upcoming small-cap earnings:
Nov. 5: Curaleaf Holdings Inc.(CURA-T), BSR REIT (HOM-U-T), Killam Apartment REIT (KMP-UN-T), Canada Packers Inc. (CPKR-T), First Capital REIT (FCR-UN-T), Russel Metals Inc. (RUS-T), Alaris Equity Partners Income Trust (AD-UN-T), Badger Infrastructure Solutions Ltd. (BDGI-T), Trulieve Cannabis Corp. (TRUL-CN), Goeasy Ltd. (GSY-T), Aurora Cannabis Inc. (ACB-T), AirBoss of America Corp. (BOS-T), Green Thumb Industries Inc. (GTII-CN), Telesat Corp. (TSAT-T), Savaria Corp. (SIS-T), DIRTT Environmental Solutions Ltd. (DRT-T)
Nov. 6: Dentalcorp Holdings Ltd. (DNTL-T), Canfor Corp. (CFP-T), Canfor Pulp Products Inc. (CFX-T), Cascades Inc. (CAS-T), Pason Systems Inc. (PSI-T), Interfor Corp. (IFP-T), Enerflex Ltd. (EFX-T), TerrAscend Corp. (TSND-T), Lightspeed Commerce Inc. (LSPD-T), NFI Group Inc. (NFI-T), Slate Grocery REIT (SGR-UN-T), Source Energy Services Ltd. (SHLE-T), Cineplex Inc. (CGX-T), Doman Building Materials Group Ltd. (DBM-T), Kits Eyecare Ltd. (KITS-T), Canada Goose Holdings Inc. (GOOS-T), VitalHub Corp. (VHI-T), American Hotel Income Properties REIT LP (HOT-UN-T), Dream Office REIT (D-UN-T), Tucows Inc. (TC-T), Quarterhill Inc. (QTRH-T), Supremex Inc. (SXP-T), Cronos Group Inc. (CRON-T), Well Health Technologies Corp. (WELL-T), Supremex Inc. (SXP-T)
Nov. 7: Chorus Aviation Inc. (CHR-T), Boralex Inc. (BLX-T), Exchange Income Corp. (EIF-T)
Nov. 10: Ascend Wellness Holdings, Inc. (AAWH-U-CN), Westport Fuel Systems Inc. (WPRT-T), Boston Pizza Royalties Income Fund (BPF-UN-T)
Nov. 11: Extendicare Inc. (EXE-T), True North Commercial REIT (TNT-UN-T), Grown Rogue International Inc. (GRIN-CN), Dream Unlimited Corp. (DRM-T), Martinrea International Inc. (MRE-T)
Nov. 12: Pollard Banknote Ltd. (PBL-T), Bird Construction Inc. (BDT-T), Thinkific Labs Inc. (THNC-T), North American Construction Group Ltd. (NOA-T)
Nov. 13: Superior Plus Corp. (SPB-T), Total Energy Services Inc. (TOT-T), Profound Medical Corp. (PRN-T), AutoCanada Inc. (ACQ-T), Ballard Power Systems (BLDP-T), KP Tissue Inc. (KPT-T), Corby Spirit and Wine Limited (CSW-A-T), Automotive Properties REIT (APR-UN-T), H&R REIT (HR-UN-T), GO Residential REIT (GO-U-T), Fiera Capital Corp. (FSZ-T), Plaza Retail REIT (PLZ-UN-T)
Nov. 14: Conifex Timber Inc. (CFF-T), Neo Performance Materials Inc. (NEO-T), MDA Space (MDA-T), Ag Growth International Inc. (AFN-T),
Nov. 20: Real Matters Inc. (REAL-T), Sucro Ltd. (SUGR-X)
Nov. 27: Rogers Sugar Inc. (RSI-T)
Nov. 30: Richards Packaging Income Fund (RPI-UN-T)
Dec. 3: EQB Inc. (EQB-T)
Dec. 5: Laurentian Bank (LB-T)