Investment Q&A

• Constellation Software Inc. (CSU $2,483.02)
  • $2,483.02 P/E (TTM): 52.36X Cap: $52.61B
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Q: Unless I am mistaken, I believe that CSU only reports GAAP earnings, yet every website I check seems to list their "adjusted" earnings. If this is in fact the case who exactly decides on these adjustments and comes up with the adjusted EPS figure?

Upvote 1

Read Answer Asked by Steven on February 05, 2026

• goeasy Ltd. (GSY $129.02)
  • $129.02 P/E (TTM): 9.45X Cap: $2.02B
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Q: Hi Guys what do you think about Goeasy Ltd is it a good buy ?

Upvote 4

Read Answer Asked by Jim on February 04, 2026

• Celestica Inc. (CLS $376.51)
  • $376.51 P/E (TTM): 48.34X Cap: $43.31B
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• Shopify Inc. Class A Subordinate Voting Shares (SHOP $156.72)
  • $156.72 P/E (TTM): 96.88X Cap: $212.34B
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• goeasy Ltd. (GSY $129.02)
  • $129.02 P/E (TTM): 9.45X Cap: $2.02B
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• TerraVest Industries Inc. (TVK $146.03)
  • $146.03 Cap: $3.16B
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• EQB Inc. (EQB $111.43)
  • $111.43 P/E (TTM): 16.43X Cap: $4.18B
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Q: Can you provide your 5 top Canadian growth companies (in order) along with where (price) you think they might be a year from now and 2 years from now. For each one, please provide a quick note on what makes each company so compelling and rate each with a confidence indicator (10 highest). I understand these are your best assessments of things at this time.

Upvote 24

Read Answer Asked on February 03, 2026

• Costco Wholesale Corporation (COST $978.35)
  • $978.35 P/E (TTM): 69.52X Cap: $434.06B
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• Chevron Corporation (CVX $181.23)
  • $181.23 P/E (TTM): 24.48X Cap: $358.48B
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• Deere & Company (DE $567.26)
  • $567.26 P/E (TTM): 28.77X Cap: $147.39B
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• Sherwin-Williams Company (The) (SHW $368.91)
  • $368.91 P/E (TTM): 34.77X Cap: $91.45B
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• Walmart Inc. (WMT $128.00)
  • $128.00 Cap: $1.02T
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• Exxon Mobil Corporation (XOM $147.59)
  • $147.59 P/E (TTM): 20.12X Cap: $622.41B
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• Suncor Energy Inc. (SU $72.00)
  • $72.00 P/E (TTM): 17.02X Cap: $86.49B
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• Canadian Natural Resources Limited (CNQ $52.65)
  • $52.65 P/E (TTM): 16.12X Cap: $109.67B
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• Loblaw Companies Limited (L $67.00)
  • $67.00 P/E (TTM): 7.78X Cap: $80.09B
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• Cenovus Energy Inc. (CVE $27.69)
  • $27.69 P/E (TTM): 15.81X Cap: $49.60B
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• Alimentation Couche-Tard Inc. (ATD $79.34)
  • $79.34 P/E (TTM): 19.32X Cap: $70.11B
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• TerraVest Industries Inc. (TVK $146.03)
  • $146.03 Cap: $3.16B
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• Nutrien Ltd. (NTR $97.62)
  • $97.62 P/E (TTM): 56.08X Cap: $47.18B
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• Linde plc (LIN $473.33)
  • $473.33 P/E (TTM): 31.05X Cap: $221.02B
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• Corteva Inc. (CTVA $75.12)
  • $75.12 P/E (TTM): 31.22X Cap: $50.76B
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• VanEck Agribusiness ETF (MOO $82.67)
  • $82.67 P/E (TTM): 23.07X Cap: $839M
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Q: Markets still look somewhat overevaluated and are volatile : what sector(s) could represent an entry point with no excessive risk actually , real estate looking interesting among others ?

Upvote 9

Read Answer Asked by Jean-Yves on February 03, 2026

• Galaxy Digital Inc. Class A common stock (GLXY $27.59)
  • $27.59 Cap: $10.77B
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Q: Comments on the quarter please. Market seems angry.

Upvote 6

Read Answer Asked by Jim on February 03, 2026

• Stella-Jones Inc. (SJ $99.26)
  • $99.26 P/E (TTM): 15.68X Cap: $5.45B
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Q: Anything moving SJ today? and would you be a buyer ? of a full position today?( no question credit please as SJ is covered by your reports.

Upvote 2

Read Answer Asked by blake on February 03, 2026

• Meta Platforms Inc. (META $668.99)
  • $668.99 P/E (TTM): 31.28X Cap: $1.69T
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• Microsoft Corporation (MSFT $414.19)
  • $414.19 P/E (TTM): 30.11X Cap: $3.07T
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• Chubb Limited (CB $329.45)
  • $329.45 P/E (TTM): 13.0X Cap: $123.33B
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• D.R. Horton Inc. (DHI $158.22)
  • $158.22 P/E (TTM): 12.92X Cap: $44.56B
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• Johnson & Johnson (JNJ $234.47)
  • $234.47 P/E (TTM): 22.27X Cap: $564.90B
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• Toronto-Dominion Bank (The) (TD $130.37)
  • $130.37 P/E (TTM): 11.04X Cap: $222.56B
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• Bank of Nova Scotia (The) (BNS $102.10)
  • $102.10 P/E (TTM): 25.26X Cap: $126.76B
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• Constellation Software Inc. (CSU $2,483.02)
  • $2,483.02 P/E (TTM): 52.36X Cap: $52.61B
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• Intact Financial Corporation (IFC $263.29)
  • $263.29 P/E (TTM): 21.3X Cap: $46.81B
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• Alimentation Couche-Tard Inc. (ATD $79.34)
  • $79.34 P/E (TTM): 19.32X Cap: $70.11B
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• Brookfield Corporation Class A Limited Voting Shares (BN $62.67)
  • $62.67 P/E (TTM): 91.59X Cap: $140.71B
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Q: The market keeps going up with high valuations for many stocks. What are your current top 5 Canadian and 5 US stocks with high convictions, good valuation and growth for the next 3 to 5 yeas in TFSA account. Please provide your rationale for each pick with risk level (H, M, L) and entry price if possible. Thanks.

Upvote 22

Read Answer Asked by CP on February 02, 2026

• Enghouse Systems Limited (ENGH $17.78)
  • $17.78 P/E (TTM): 13.92X Cap: $973M
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• Open Text Corporation (OTEX $32.11)
  • $32.11 P/E (TTM): 12.73X Cap: $8.09B
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Q: On Jan 19, in a question by David, you stated that both DSG and OTEX did not have a dividend. Globe & Mail has that OTEX does have a dividend. Please advise if you need to correct your response. G&M advised "OpenText Corp. OTEX-T has named former IBM executive Ayman Antoun as chief executive, effective April 20. 2026" Is this a good move by OTEX? Does it change your impression of potential of OTEX?

Upvote 3

Read Answer Asked by David on February 02, 2026

• Aritzia Inc. Subordinate Voting Shares (ATZ $113.77)
  • $113.77 P/E (TTM): 47.87X Cap: $13.13B
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Q: I must have missed the news release that sent Atz shares from about 140 to 108 in the past few weeks.
What happened , any idea .

Upvote 3

Read Answer Asked by Leon on January 29, 2026

• Constellation Software Inc. (CSU $2,483.02)
  • $2,483.02 P/E (TTM): 52.36X Cap: $52.61B
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Q: Based on your recent comments, after a near 50 % drawdown from its peak, CSU stock should find a bottom soon. Could you please take a look at the price action, volume and technicals, during this week's trading, specially, last 3 days, if it confirms your assessment and would you recommend adding at current levels.

Thank You

Upvote 11

Read Answer Asked by rajeev on January 28, 2026

• Cameco Corporation (CCO $156.82)
  • $156.82 P/E (TTM): 135.79X Cap: $68.28B
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• Celestica Inc. (CLS $376.51)
  • $376.51 P/E (TTM): 48.34X Cap: $43.31B
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• State Street SPDR S&P Aerospace & Defense ETF (XAR $264.90)
  • $264.90 P/E (TTM): 4.74X Cap: $5.62B
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• MDA Space Ltd. (MDA $37.24)
  • $37.24 P/E (TTM): 44.82X Cap: $4.70B
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• Global X Defense Tech ETF (SHLD $72.69)
  • $72.69 P/E (TTM): 43.34X Cap: $7.11B
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Q: Mark Carney made quite the splash with his recent speech. He seemed to be saying the old economic system is broken and will not return. (we can no longer depend on the world's super powers to play by the old rules.) If he is right (I think he is) what 3 Canadian companies could benefit the most from this new reality? Also, this new paradigm being global, what three global ETFs could benefit the most? Thanks as always for your guidance.

Upvote 19

Read Answer Asked by Les on January 27, 2026

• TFI International Inc. (TFII $167.11)
  • $167.11 P/E (TTM): 28.75X Cap: $13.75B
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Q: What's your view of TFII. This week there have been analyst ratings that aren't that good. Couple of holds and a sell (according to TD Research). Where do you think it will be in 6 months? How do you rate it - sell, hold or buy?

Upvote 6

Read Answer Asked on January 27, 2026

• Constellation Software Inc. (CSU $2,483.02)
  • $2,483.02 P/E (TTM): 52.36X Cap: $52.61B
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• WSP Global Inc. (WSP $268.51)
  • $268.51 P/E (TTM): 40.45X Cap: $35.06B
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• Celestica Inc. (CLS $376.51)
  • $376.51 P/E (TTM): 48.34X Cap: $43.31B
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• Thomson Reuters Corporation (TRI $127.87)
  • $127.87 P/E (TTM): 27.53X Cap: $55.78B
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• Shopify Inc. Class A Subordinate Voting Shares (SHOP $156.72)
  • $156.72 P/E (TTM): 96.88X Cap: $212.34B
  • View SHOP Profile
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• goeasy Ltd. (GSY $129.02)
  • $129.02 P/E (TTM): 9.45X Cap: $2.02B
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• Brookfield Infrastructure Partners L.P. (BIP.UN $50.18)
  • $50.18 P/E (TTM): 55.38X Cap: $23.14B
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• 5N Plus Inc. (VNP $27.68)
  • $27.68 P/E (TTM): 37.42X Cap: $2.46B
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• Vitalhub Corp. (VHI $8.51)
  • $8.51 P/E (TTM): 161.76X Cap: $537M
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• Galaxy Digital Inc. Class A common stock (GLXY $27.59)
  • $27.59 Cap: $10.77B
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• Zoomd Technologies Ltd. (ZOMD $1.16)
  • $1.16 P/E (TTM): 5.24X Cap: $116M
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• Docebo Inc. (DCBO $26.62)
  • $26.62 P/E (TTM): 24.92X Cap: $764M
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• Brookfield Corporation Class A Limited Voting Shares (BN $62.67)
  • $62.67 P/E (TTM): 91.59X Cap: $140.71B
  • View BN Profile
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• Lumine Group Inc. (LMN $20.57)
  • $20.57 P/E (TTM): 82.95X Cap: $5.27B
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Q: Hello
How would you rate the following in order for each group for a buy today at todays price for a 3 year hold on a scale of 1-10. With 1 being don't buy and 10 being a great buy.

Group 1
CSU
SHOP
CLS
BN
WSP
TRI
BIP.UN

Group 2
GSY
GLXY
LMN
VNP
ZOMD
VHI
DCBO

Thank you for letting me ask this question

Upvote 38

Read Answer Asked by John on January 26, 2026

• Alphabet Inc. (GOOG $333.34)
  • $333.34 P/E (TTM): 34.05X Cap: $4.09T
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• Aritzia Inc. Subordinate Voting Shares (ATZ $113.77)
  • $113.77 P/E (TTM): 47.87X Cap: $13.13B
  • View ATZ Profile
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• Kraken Robotics Inc. (PNG $7.60)
  • $7.60 P/E (TTM): 137.5X Cap: $2.32B
  • View PNG Profile
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• Zedcor Inc. (ZDC $6.08)
  • $6.08 P/E (TTM): 434.29X Cap: $641M
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Q: Hello, I know 5i like the above and they have some good momentum lately, can you rate these going out for the next 3 years. Thanks as always,

Upvote 20

Read Answer Asked by Anthony on January 23, 2026

• Toronto-Dominion Bank (The) (TD $130.37)
  • $130.37 P/E (TTM): 11.04X Cap: $222.56B
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• Bank of Nova Scotia (The) (BNS $102.10)
  • $102.10 P/E (TTM): 25.26X Cap: $126.76B
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• Enbridge Inc. (ENB $68.54)
  • $68.54 P/E (TTM): 25.24X Cap: $149.50B
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• Sun Life Financial Inc. (SLF $89.62)
  • $89.62 P/E (TTM): 21.79X Cap: $49.95B
  • View SLF Profile
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• Constellation Software Inc. (CSU $2,483.02)
  • $2,483.02 P/E (TTM): 52.36X Cap: $52.61B
  • View CSU Profile
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• Dollarama Inc. (DOL $195.31)
  • $195.31 P/E (TTM): 39.7X Cap: $51.37B
  • View DOL Profile
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• Celestica Inc. (CLS $376.51)
  • $376.51 P/E (TTM): 48.34X Cap: $43.31B
  • View CLS Profile
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• Thomson Reuters Corporation (TRI $127.87)
  • $127.87 P/E (TTM): 27.53X Cap: $55.78B
  • View TRI Profile
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• Shopify Inc. Class A Subordinate Voting Shares (SHOP $156.72)
  • $156.72 P/E (TTM): 96.88X Cap: $212.34B
  • View SHOP Profile
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• Hydro One Limited (H $54.79)
  • $54.79 P/E (TTM): 24.85X Cap: $32.86B
  • View H Profile
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• Galaxy Digital Inc. Class A common stock (GLXY $27.59)
  • $27.59 Cap: $10.77B
  • View GLXY Profile
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• Brookfield Corporation Class A Limited Voting Shares (BN $62.67)
  • $62.67 P/E (TTM): 91.59X Cap: $140.71B
  • View BN Profile
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Q: Could you provide the top (and rank) 3 or 4 stocks from each of the Income, Balanced and Growth portfolios to buy today.
Thank you

Upvote 33

Read Answer Asked by Delbert on January 23, 2026

• iShares S&P/TSX Canadian Preferred Share Index ETF (CPD $13.76)
  • $13.76 P/E (TTM): 6.96X Cap: $1.05B
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• BMO Covered Call Canadian Banks ETF (ZWB $25.44)
  • $25.44 P/E (TTM): 11.7X
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• BMO Covered Call Utilities ETF (ZWU $11.54)
  • $11.54 P/E (TTM): 18.74X Cap: $2.06B
  • View ZWU Profile
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• iShares Convertible Bond Index ETF (CVD $18.34)
  • $18.34 P/E (TTM): 36.5X Cap: $115M
  • View CVD Profile
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• BMO Canadian High Dividend Covered Call ETF (ZWC $21.16)
  • $21.16 P/E (TTM): 12.59X Cap: $2.02B
  • View ZWC Profile
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• Mackenzie Floating Rate Income ETF (MFT $15.72)
  • $15.72 P/E (TTM): 90.29X Cap: $348M
  • View MFT Profile
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• Harvest Tech Achievers Growth & Income ETF (HTA $18.17)
  • $18.17 P/E (TTM): 32.54X Cap: $681M
  • View HTA Profile
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• Global X Canadian Oil and Gas Equity Covered Call ETF (ENCC $11.28)
  • $11.28 P/E (TTM): 6.67X Cap: $726M
  • View ENCC Profile
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Q: Hello 5i team,
In several recent reports you recommended selling the full position in CPD, noting “better opportunities.” I also noticed that CVD and MFT were removed from your model portfolios earlier.
Given this shift away from preferred-share ETFs, do you think a combination of ZWU, ENCC, ZWB, and HTA would serve as a reasonably balanced substitute for a moderate‑risk, slightly income‑oriented allocation? Or would you suggest broader diversification?
Thank you for your insights!

Upvote 6

Read Answer Asked by Borys on January 22, 2026

• WSP Global Inc. (WSP $268.51)
  • $268.51 P/E (TTM): 40.45X Cap: $35.06B
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• Stantec Inc. (STN $137.80)
  • $137.80 P/E (TTM): 31.9X Cap: $15.71B
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• Bird Construction Inc. (BDT $30.88)
  • $30.88 P/E (TTM): 18.04X Cap: $1.71B
  • View BDT Profile
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• AtkinsRéalis Group Inc. (ATRL $104.21)
  • $104.21 P/E (TTM): 7.21X Cap: $17.27B
  • View ATRL Profile
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Q: Would you consider BDT a reasonable compliment to WSP/STN/ATRL? Of the latter 3, which would be your 2 favourites? Thanks for your response.

Upvote 5

Read Answer Asked by Michael on January 22, 2026

• Canadian National Railway Company (CNR $135.23)
  • $135.23 P/E (TTM): 17.75X Cap: $83.23B
  • View CNR Profile
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• Canadian Pacific Kansas City Limited (CP $108.71)
  • $108.71 P/E (TTM): 22.31X Cap: $97.92B
  • View CP Profile
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• Tesla Inc. (TSLA $406.01)
  • $406.01 P/E (TTM): 281.21X Cap: $1.52T
  • View TSLA Profile
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• Nutrien Ltd. (NTR $97.62)
  • $97.62 P/E (TTM): 56.08X Cap: $47.18B
  • View NTR Profile
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Q: Canada and China have reportedly reached a tariff-related trade understanding, what stocks will you suggest to buy?

Upvote 7

Read Answer Asked by kwokwai on January 21, 2026

• Constellation Software Inc. (CSU $2,483.02)
  • $2,483.02 P/E (TTM): 52.36X Cap: $52.61B
  • View CSU Profile
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Q: Analysts’ FY2026 Estimate for CSU earnings is approx. $160, according to your own research page, as well as some other sources I looked at. Is this USD or CDN?
Also, I note that in Q3 2025 CSU reported less than $10USD/sh,
according to their own press release.
How does one make sense of these numbers?
Is the $160 estimate for 2026 actually free cash flow available to shareholders, rather than earnings?

Upvote 6

Read Answer Asked by john on January 21, 2026

• Taiwan Semiconductor Manufacturing Company Ltd. (TSM $325.74)
  • $325.74 P/E (TTM): 47.53X Cap: $1.68T
  • View TSM Profile
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Q: Thank you for the excellent AI Computing Stack report. Which of "2. Semiconductor, Hardware and Connectivity" subsector would TSM fit in this report?

Upvote 4

Read Answer Asked by Karen on January 21, 2026