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]

Core Viewpoint - Celestica Inc. has announced the initiation of a Normal Course Issuer Bid to repurchase up to 5,722,527 common shares, representing approximately 5.0% of its public float, as part of its strategy to utilize funds effectively and enhance shareholder value [1][2][5]. Summary by Sections Normal Course Issuer Bid Details - The Bid will commence on November 3, 2025, and will conclude on the earlier of November 2, 2026, or upon completion of the share purchases [2]. - The maximum daily repurchase limit is set at 221,734 common shares based on the average daily trading volume of 886,938 shares over the past six months [3]. Financial Implications - The repurchases will be funded through existing cash resources and potential draws on the company's credit facility [4]. - As of October 20, 2025, Celestica had 115,036,621 issued and outstanding common shares, with a public float of 114,450,556 shares [5]. Previous Issuer Bid Performance - The company previously executed a normal course issuer bid that is set to expire on October 31, 2025, under which it repurchased and canceled 1,522,831 shares at a weighted average price of US$92.26 per share [6]. Company Overview - Celestica is recognized as a technology leader specializing in data center infrastructure and advanced technology solutions, focusing on AI, cloud, and hybrid cloud markets [7].

Core Viewpoint - Wesdome Gold Mines Ltd. has announced the initiation of a Normal Course Issuer Bid (NCIB) to repurchase up to 2% of its public float over the next 12 months, pending approval from the Toronto Stock Exchange (TSX) [1][3]. Group 1: NCIB Details - The NCIB will allow Wesdome to repurchase a maximum of 2% of its public float, which translates to approximately 3,013,315 shares, over a 12-month period [3]. - As of October 16, 2025, Wesdome had 150,969,214 issued and outstanding shares, with a daily maximum purchase limit of 182,093 shares based on the average daily trading volume [3]. - The purchases will be made at market price and any shares acquired will be cancelled upon purchase [4]. Group 2: Financial Position and Strategy - The introduction of the NCIB reflects Wesdome's strong balance sheet, characterized by no debt and a growing cash position, allowing for both high-return growth initiatives and capital returns to shareholders [2]. - The board believes that the NCIB is an appropriate use of available liquidity after funding strategic growth initiatives, aimed at enhancing per-share value [2]. Group 3: Operational Context - Wesdome is a Canadian-focused gold producer with two high-grade underground assets: the Eagle River mine in Ontario and the Kiena mine in Quebec [5]. - The company's primary goal is to leverage its operating platform and exploration pipeline to build a value-driven Canadian gold producer [5].

Core Viewpoint - Major Drilling Group International Inc. has announced a normal course issuer bid (NCIB Program) to repurchase up to 4,097,159 common shares, approximately 5% of its outstanding shares, over a 12-month period starting October 21, 2025 [1][2]. Group 1: NCIB Program Details - The NCIB Program allows Major Drilling to purchase shares on the Toronto Stock Exchange (TSX) at prevailing market prices, with a daily limit of 34,457 shares, which is 25% of the average daily trading volume for the previous six months [2][3]. - The total number of common shares outstanding as of October 14, 2025, is 81,943,186 [1]. - Shares repurchased under the NCIB Program will be cancelled, which is expected to enhance the value for remaining shareholders [2]. Group 2: Automatic Share Purchase Plan (ASPP) - Major Drilling will implement an automatic share purchase plan (ASPP) to facilitate share repurchases during regulatory restrictions or blackout periods [3][4]. - The designated broker will make purchases based on parameters set by the company prior to entering a blackout period [4]. Group 3: Company Overview - Major Drilling is the largest provider of specialized drilling services in the mining sector, with operations across North America, South America, Australia, Asia, Africa, and Europe [6]. - Established in 1980, the company has built a reputation for handling complex drilling projects and is supported by a skilled workforce and experienced management team [6][7].

Core Points - Fairfax India Holdings Corporation has announced its intention to commence a Normal Course Issuer Bid for its Subordinate Voting Shares effective September 30, 2025 [1][2] - The board of directors has approved the purchase of up to 5,551,115 Subordinate Voting Shares, representing approximately 10% of the public float as of September 16, 2025 [2][3] - Fairfax India believes that its Subordinate Voting Shares represent an attractive investment opportunity and that the purchases will enhance the value for remaining shareholders [3] Purchase Details - The company may purchase up to 11,879 Subordinate Voting Shares on any trading day, which is 25% of the average daily trading volume over the past six months [2] - Under its existing Normal Course Issuer Bid, Fairfax India has purchased 356,465 Subordinate Voting Shares at a volume weighted average price of US$15.34 [4] - An automatic share purchase plan (ASPP) has been established to facilitate purchases during regulatory black-out periods [5][6] Company Overview - Fairfax India is an investment holding company focused on long-term capital appreciation by investing in public and private equity securities and debt instruments primarily in India [7]