Canadian Analyst Updates: July 1st, 2026

Analyst Ratings (Canada)

The analyst outlook for today is broadly tilted toward a growth leadership and selective cyclical exposure. Technology and Communication Services remain the primary engines of upside, supported by AI-driven earnings momentum and strong mega-cap positioning, while Industrials and Materials are generally constructive on the back of infrastructure, defense, and capital investment trends. Financials and Energy are viewed more neutrally, reflecting mixed macro signals around rates, credit conditions, and commodity stability. In contrast, Consumer Discretionary, Real Estate, and Utilities tend to rank lower, constrained by valuation pressure, interest-rate sensitivity, and weaker demand elasticity. Health Care sits closer to a positive stance due to defensive characteristics combined with improving efficiency and innovation themes.

10 Analyst Updates

Cameco Corp. (CCO:CA) – TD Securities maintained its Buy rating and $185 price target, reflecting continued confidence in the company’s long-term growth prospects and the favorable outlook for uranium demand.

Cargojet Inc. (CJT:CA) – CIBC maintained its Outperform rating and $125 price target, indicating ongoing optimism regarding the company’s position in the Canadian air cargo and logistics market.

GO Residential REIT (GO-UN:CA) – CIBC maintained its Outperform rating and $20 price target, highlighting confidence in the REIT’s operational performance and portfolio quality.

Great-West Lifeco Inc. (GWO:CA) – CIBC maintained its Outperform rating and $81 price target, reflecting a positive view on the insurer’s earnings outlook and capital strength.

Methanex Corporation (MX:CA) – CIBC maintained its Neutral rating and $98 price target, suggesting a balanced risk-reward outlook despite the company’s exposure to global methanol markets.

Paramount Resources Ltd. (POU:CA) – Scotiabank maintained its Sector Perform rating and $35 price target, indicating expectations for performance broadly in line with the energy sector.

Parkit Enterprise Inc. (PKT:CA) – Scotiabank raised its price target to $10.50 while maintaining a Sector Perform rating, signaling improved valuation expectations while remaining neutral on relative performance.

Primaris REIT (PMZ-UN:CA) – TD Securities raised its price target to $24 from $22 and maintained its Buy rating, showing a favorable outlook for the retail-focused REIT.

Quarterhill Inc. (QTRH:CA) – CIBC increased its price target to $4.50 from $2.50 and maintained its Outperform rating, reflecting significantly improved expectations for the company’s business and earnings potential.

SmartCentres REIT (SRU-UN:CA) – CIBC maintained its Outperform rating and $33 price target, underscoring confidence in the REIT’s portfolio and long-term development opportunities.

More Ratings:

Ad