Insights & News

Check back regularly for updates and insights from our analysts on sector trends and individual names.
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Canadian banks expected to face higher costs to raise funds amid volatility – The Globe and Mail

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Christian Pouliot, head of fixed income investments at iA Capital Markets, discussed the potential impact of the Credit Suisse situation on Canadian banks and insurance companies issuing Limited Resource Capital Notes (LRCNs), which are equivalent to Additional Tier 1 (AT1) debt in Switzerland, in an interview with The Globe and Mail. Pouliot suggested that Canadian financial institutions will face a more expensive fundraising environment in the short term, as investors may demand higher interest payments to take on the risk associated with LRCNs. He predicted that investors may ask for 10 to 15 basis points more of a risk premium due to the increase in uncertainty. Pouliot expects between $2 billion and $4 billion worth of LRCNs to be issued this year, but the recent events may impact pricing for the next few months.

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Algonquin Power is still a pass, says iA Capital Markets

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iA Capital Markets analyst Naji Baydoun is still skeptical about Algonquin Power & Utilities (Algonquin Power & Utilities Stock Quote, Charts, News, Analysts, Financials TSX:AQN), saying in a review of the company’s latest quarterly numbers that investors should wait to see how well the utility company fares on this year’s strategic priorities.

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Source: Cantech Letter

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Aecon Group upgraded to a Buy, says iA Capital Markets

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A clearer path to higher profitability and a de-risked balance sheet are just a couple of the reasons iA Capital Markets analyst Naji Baydoun is giving the green light on Aecon Group (Aecon Group Stock Quote, Charts, News, Analysts, Financials TSX:ARE). In a Thursday report, Baydoun changed his rating on the stock from “Hold” to “Buy,” saying Aecon is heading into a key transition year, while a recent asset sale removed a funding overhang on shares.

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Source: Cantech Letter

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Buy Innergex in renewable power sector, says iA Capital Markets

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iA Capital Markets analyst Naji Baydoun delivered an update on Friday on Innergex Renewable Energy (Innergex Renewable Energy Stock Quote, Charts, News, Analysts, Financials TSE:INE) where he reviewed the company’s just-released fourth quarter results, saying the company has a strong growth outlook and declining payout ratio.

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Source: Cantech Letter

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Exchange Income Corp wins a target raise from iA Capital Markets

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Organic and inorganic growth as well as higher margins look to be in the cards for Exchange Income Corp (Exchange Income Stock Quote, Charts, News, Analysts, Financials TSX:EIF), according to iA Capital Markets analyst Matthew Weekes.

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Source: Cantech Letter

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Arch Biopartners is heading to $6, says iA Capital Markets

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iA Capital Markets analyst Chelsea Stellick is staying bullish on Canadian biotech company Arch Biopartners (Arch Biopartners Stock Quote, Charts, News, Analysts, Financials TSXV:ARCH), saying in a Tuesday report that the company is ready to ramp up its clinical development programs.

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Source: Cantech Letter

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Healthcare stocks are looking attractive, says iA Capital Markets

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Investors should be gearing up for some movement in the biotech space, says iA Capital Markets analyst Chelsea Stellick, who released a Healthcare sector report on Wednesday where she provided updates on 17 stocks under coverage.

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Source: Cantech Letter

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iA Capital Market stays bullish on Dialogue Health Technologies

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iA Capital Markets analyst Chelsea Stellick keeps talking up Dialogue Health Technologies (Dialogue Health Technologies Stock Quote, Charts, News, Analysts, Financials TSX:CARE) in a Wednesday report to clients where she maintained a “Buy” rating on the stock.

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Source: Cantech Letter

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Still more upside to MediaValet, says iA Capital Markets

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It’s been a good start to the year for MediaValet (MediaValet Stock Quote, Charts, News, Analysts, Financials TSX:MVP), whose share price is already up about 20 per cent, but investors can expect more upside, says iA Capital Markets analyst Neehal Upadhyaya. In a Wednesday report, Upadhyaya reiterated a “Buy” rating and $1.50 target price on MVP, saying the digital asset management company is continuing to provide a strong value proposition for its clients.

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Source: Cantech Letter