Core Viewpoint - Flow Capital Corp. intends to initiate a normal course issuer bid (NCIB) to repurchase up to 2,115,988 common shares, representing approximately 10% of the public float, to enhance shareholder value [1][3]. Group 1: NCIB Details - The NCIB will commence on December 2, 2025, and will end upon the earliest of purchasing the specified shares, termination notice, or December 1, 2026 [2]. - The company has engaged Ventum Financial Corp. as the broker for the NCIB, with purchases made from existing working capital at market prices plus brokerage fees [4]. - An automatic purchase plan (APP) has been established with the broker to guide the timing and parameters of share purchases under the NCIB [5]. Group 2: Company Insights - The company believes that the market price of its common shares does not always reflect its underlying value and prospects, making share repurchase a suitable use of financial resources [3]. - In the previous NCIB that started on December 2, 2024, the company purchased 1,226,500 common shares at an average price of $0.7372 per share, totaling $904,160 [6]. - Flow Capital Corp. is a provider of flexible growth and alternative capital solutions, focusing on supporting high-growth companies in the US, UK, and Canada since its inception in 2018 [8].

Core Viewpoint - Flow Capital Corp. intends to initiate a normal course issuer bid (NCIB) to repurchase up to 2,115,988 common shares, representing approximately 10% of the public float, subject to TSXV approval [1][3]. Group 1: NCIB Details - The NCIB will commence on December 2, 2025, and will end upon the earliest of purchasing the specified shares, termination notice, or December 1, 2026 [2]. - The company believes that the market price of its common shares may not reflect its underlying value, making share repurchase a suitable use of financial resources to enhance shareholder value [3]. Group 2: Execution and Management - Ventum Financial Corp. has been engaged as the broker for the NCIB, with purchases made from existing working capital at market prices plus brokerage fees [4]. - An automatic purchase plan (APP) has been established with the broker to guide purchases under the NCIB, allowing the broker to determine timing based on set parameters [5]. Group 3: Previous NCIB Performance - Under the previous NCIB that started on December 2, 2024, the company purchased 1,226,500 common shares at an average price of $0.7372 per share, totaling an aggregate purchase price of $904,160 [6]. Group 4: Company Overview - Flow Capital Corp. is a publicly listed provider of flexible growth and alternative capital solutions, focusing on supporting high-growth companies in the US, UK, and Canada since its inception in 2018 [8].

Core Insights - Thunderbird Entertainment Group reported its first quarter fiscal 2026 results, showing a revenue of $36.8 million, a decrease of 19% from $45.7 million in the prior year quarter, primarily due to production delays [4][10] - The company experienced a net loss of $500,000 compared to a net income of $1.6 million in the prior year period, attributed to the absence of IP project deliveries in the current quarter [4][10] - Adjusted EBITDA was $1.4 million, down from $4.1 million in the prior year, with margins decreasing from 8.9% to 3.9% [4][10] Production and Projects - Thunderbird is managing 26 programs in various stages of production, an increase from 25 in the previous quarter, with 76% of expected production revenue already greenlit [3][10] - The company is working on multiple high-profile projects, including several IP-driven titles expected to contribute significant revenue in future quarters [3][10] - Notable productions include "Super Team Canada," "The Day You Begin," and "Marvel's Iron Man and his Awesome Friends," among others [10] Financial Outlook - The company anticipates full-year revenue growth in the mid- to high-single digits year over year, along with an increase in Adjusted EBITDA and margins consistent with the prior year [4][10] - Thunderbird's cash flow and balance sheet remain healthy, positioning the company well for future value generation for shareholders [3][4] Corporate Developments - Thunderbird announced a proposed acquisition by Blue Ant Media Corporation, which is expected to enhance financial and operational scale, pending customary approvals [4][10] - The company has initiated a Normal Course Issuer Bid, repurchasing 250,000 common shares for a total consideration of $0.5 million at an average price of $1.77 per share [4][6]

Core Viewpoint - The North West Company Inc. has announced its intention to initiate a normal course issuer bid (NCIB) to repurchase up to 4,752,020 of its common voting shares and variable voting shares, representing approximately 10% of its public float as of November 13, 2025, with the aim of utilizing available resources in the best interests of the Company [1][2]. Summary by Sections NCIB Details - The Company may acquire a maximum of 4,752,020 Shares for cancellation over the next 12 months, based on its public float as of November 13, 2025, which includes 47,736,757 issued and outstanding Shares [2]. - Purchases will be conducted through the TSX or Canadian alternative trading systems at market price, with a daily maximum purchase limit of 35,865 Shares, which is approximately 25% of the average daily trading volume over the last six months [3]. Automatic Securities Purchase Plan - An automatic securities purchase plan has been established to facilitate share purchases during regulatory restrictions or blackout periods, allowing the Company to request its broker to make purchases within specified parameters [4]. - The automatic securities purchase plan will be effective starting November 25, 2025, and the Company retains the right to suspend or discontinue the NCIB at any time [4][5]. Historical Context - The current NCIB follows the previous 2025 NCIB, which allowed the repurchase of up to 4,765,289 Shares, during which the Company repurchased and canceled 197,899 Shares at an average price of $47.63 per Share [6]. Company Profile - The North West Company Inc. is a leading retailer of food and everyday products, operating 229 stores under various trading names and generating annualized sales of approximately CDN$2.6 billion [12].

Core Viewpoint - Boardwalk Real Estate Investment Trust has received approval to renew its normal course issuer bid for an additional year, allowing it to repurchase up to 4,018,000 trust units, which represents approximately 10% of its public float [1][2]. Summary by Sections Normal Course Issuer Bid (NCIB) - The NCIB permits the purchase of up to 4,018,000 units over a twelve-month period starting November 24, 2025, and expiring no later than November 23, 2026 [2]. - As of November 9, 2025, there are 49,021,713 units issued and outstanding, with a daily purchase limit of 24,822 units based on the average daily trading volume [2]. Purchase Mechanism - Boardwalk intends to enter into an automatic purchase plan with TD Securities Inc. to facilitate unit purchases during regulatory restrictions or blackout periods [3]. - All units repurchased under the NCIB will be cancelled [2]. Previous NCIB Performance - Under the previous NCIB, Boardwalk purchased 775,079 units from November 22, 2024, to November 21, 2025 [4]. Management's Perspective - Management believes that proceeds from non-core asset sales can be effectively used for unit repurchases, viewing the current unit price as below its underlying value due to strong fundamentals and a positive outlook for affordable housing [5]. - The company is focused on enhancing stakeholder value and continuously evaluates capital allocation opportunities [5]. Corporate Profile - Boardwalk REIT operates over 200 communities with more than 34,000 residential units, totaling over 30 million net rentable square feet [12]. - The company aims to provide exceptional service and product quality, leading to high retention rates and strong operating results, which contribute to higher free cash flow and investment returns [12].

Core Viewpoint - Torex Gold Resources Inc. has received approval from the Toronto Stock Exchange to renew its normal course issuer bid, allowing the company to repurchase up to 8,133,430 common shares over the next year, representing approximately 10% of its public float as of November 11, 2025 [1][2]. Group 1: NCIB Details - The NCIB allows Torex to purchase common shares from November 21, 2025, to November 20, 2026, with a total of 96,176,134 common shares issued and outstanding as of November 11, 2025 [2]. - The company can buy shares at a maximum daily limit of 101,788 common shares, which is 25% of the average daily trading volume over the past six months [4]. - All shares purchased under the NCIB will be cancelled, and the company plans to fund these purchases from its available working capital [4][6]. Group 2: Previous NCIB Performance - Under the current NCIB that started on November 21, 2024, and ends on November 20, 2025, Torex was approved to buy up to 7,116,777 common shares, of which 308,632 shares were purchased at an average price of approximately C$46.78 [5]. Group 3: Company Overview and Strategy - Torex Gold Resources Inc. is a Canadian mining company focused on gold, copper, and silver production, primarily from its Morelos Complex in Mexico, which is the largest single gold producer in the country [7]. - The company's strategic objectives include delivering Media Luna to full production, optimizing production and costs at Morelos, growing reserves, and pursuing disciplined growth and capital allocation [8].

Core Viewpoint - Tree Island Steel Ltd. has received approval from the Toronto Stock Exchange to renew its normal course issuer bid to repurchase up to 1,290,000 common shares, which is approximately 5% of its issued and outstanding shares, with the bid period running from November 12, 2025, to November 11, 2026 [1] Group 1: Share Repurchase Details - The company plans to purchase shares through the TSX or any Canadian alternative trading system, with all repurchased shares to be cancelled [1] - As of October 31, 2025, Tree Island Steel had 25,909,295 common shares issued and outstanding, with a public float of 9,307,399 shares [2] - The maximum number of shares that can be purchased on any trading day is 2,177, which is 25% of the average daily trading volume over the previous six months [2] Group 2: Previous Share Repurchase Program - In the previous normal course issuer bid (2024 NCIB), Tree Island Steel acquired 108,571 common shares at a weighted average price of $2.5623 per share, with the program allowing for the purchase of up to 1,300,000 shares [3] - The 2024 NCIB is set to expire on November 10, 2025 [3] Group 3: Strategic Rationale - The board of directors has decided to renew the normal course issuer bid, believing that repurchasing shares at the current market price is a beneficial use of funds and in the best interests of the company and its shareholders [4] Group 4: Company Overview - Tree Island Steel, established in 1964 and headquartered in Richmond, British Columbia, produces a variety of wire products for industrial, residential, commercial, and agricultural applications [5] - The company's product offerings include galvanized wire, bright wire, fasteners, stucco reinforcing products, concrete reinforcing mesh, fencing, and other fabricated wire products, marketed under various brand names [5]

Core Insights - Air Canada reported solid third quarter financial and operational performance despite labor disruptions affecting customer service [3][4] - The company anticipates strong booking momentum for the fourth quarter and early indicators for the first quarter of 2026 [4] Financial Performance - Operating revenues for Q3 2025 were $5.774 billion, a decline of 5% compared to the previous year [7] - Operating income was $284 million with an operating margin of 4.9%, and adjusted EBITDA was $961 million with an adjusted EBITDA margin of 16.6% [15] - Net cash flows from operating activities were $813 million, and free cash flow was $211 million [7][15] Guidance and Outlook - For the full year 2025, Air Canada updated its guidance for adjusted EBITDA to between $2.95 billion and $3.05 billion [10] - The company expects a 0.75% increase in ASM capacity compared to 2024 and adjusted CASM to remain between 14.60¢ and 14.70¢ [10] - Free cash flow guidance has been revised to a range of $0 to $200 million, an improvement from the previous forecast of -$50 million to $150 million [10] Strategic Initiatives - Air Canada plans to focus on growth through strategic initiatives and the introduction of new efficient aircraft [5] - The company aims to improve its cost structure through productivity gains and operational efficiencies [5] - A normal course issuer bid (NCIB) has been announced, allowing the purchase of up to 29,557,428 shares to address shareholder dilution [13][14] Long-term Targets - Air Canada has set long-term financial targets for 2028, including operating revenues of approximately $30 billion and an adjusted EBITDA margin of at least 17% [21] - The company aspires to achieve a return on invested capital of at least 12% by 2030 [21]

Core Viewpoint - iA Financial Group has announced the renewal of its Normal Course Issuer Bid (NCIB), allowing the purchase of up to 4,607,178 common shares from November 14, 2025, to November 13, 2026, representing approximately 5% of its outstanding shares as of October 31, 2025 [1][4]. Summary by Sections Normal Course Issuer Bid (NCIB) - The current NCIB, expiring on November 13, 2025, allows for the repurchase of up to 4,694,894 common shares, with 2,089,000 shares already repurchased at an average price of approximately $140.2285 per share [2][3]. - Purchases will be made at market price through TSX and other trading systems, and all repurchased shares will be cancelled [3]. Shareholder Value - The board believes that repurchasing shares is a desirable use of available cash to enhance shareholder value [4]. Trading Volume and Purchase Limits - The average daily trading volume of the Corporation's shares was 265,608 over the last six months, allowing for a maximum purchase of 66,402 shares on any trading day under TSX rules [5]. Automatic Share Repurchase Plan - iA Financial Group has established an Automatic Share Repurchase Plan, pre-cleared by TSX, to facilitate share repurchases even during regulatory restrictions or blackout periods [6]. Additional Information - Shareholders can obtain documents related to the NCIB by contacting the Corporate Secretary of iA Financial Group [7].

Core Insights - Celestica Inc. is a significant player in the electronics manufacturing services industry, providing design, manufacturing, and supply chain solutions, competing with firms like Flex Ltd. and Jabil Inc. [1] - The company has received approval from the Toronto Stock Exchange to initiate a Normal Course Issuer Bid, allowing it to repurchase up to 5.7 million common shares, approximately 5% of its public float [2][5] - The current stock price of Celestica is $340.13, reflecting a slight increase of 0.70% or $2.36, with a market capitalization of about $39.13 billion [3][4][5] Stock Performance - The stock has experienced fluctuations between $329.24 and $348.92 today, with a yearly high of $355.50 and a low of $58.05, indicating market volatility [3] - The average daily trading volume over the past six months was around 886,938 shares, with today's trading volume reaching 2.77 million shares [4] Shareholder Activity - Director KOELLNER LAURETTE T purchased 600 common shares at $340.55 each, increasing her total holdings to 1,300 shares [1][5]