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Equity Research

Ongoing, in-depth research coverage of our corporate clients designed to improve investor understanding.


Altius Minerals (TSX: ALS)

A large and diversified royalty platform with a strong track record, ample cash, and a revenue inflection underway.

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Timbercreek Financial (TSX: TF)

A proven Mortgage Investment Corporation trading at a historically attractive valuation, with upside from capital recycling.

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VersaBank (TSX/NASDAQ: VBNK)

A proven digital banking model expanding in the much larger US market, which should drive investment returns.

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Fundamentally disconnected; uncertainty drives TF's share price

Equity Research

Fundamentally disconnected; uncertainty drives TF's share price

VersaBank's SRP launches for US small businesses

Equity Research

VersaBank's SRP launches for US small businesses

VersaBank (VBNK) Q3/26: Tripling down on US growth

Equity Research

VersaBank (VBNK) Q3/26: Tripling down on US growth

Altius (ALS) Q2/26: Broad-based royalty momentum continues

Equity Research

Altius (ALS) Q2/26: Broad-based royalty momentum continues

Altius closes ARR consolidation and ups the credit facility by $125M

Equity Research

Altius closes ARR consolidation and ups the credit facility by $125M

Timbercreek (TF) Q2/26: Staged progress, strong origination, stable dividend

Equity Research

Timbercreek (TF) Q2/26: Staged progress, strong origination, stable dividend

Altius Minerals (ALS): Launching Research Coverage

Equity Research

Altius Minerals (ALS): Launching Research Coverage

Why we like Timbercreek more than other publicly traded MICs

Equity Research

Why we like Timbercreek more than other publicly traded MICs

VersaBank signs a $300M+ US SRP partner

Equity Research

VersaBank signs a $300M+ US SRP partner

VersaBank (VBNK): Breaking down the impact of the Real-Time SRP

Equity Research

VersaBank (VBNK): Breaking down the impact of the Real-Time SRP

Timbercreek Financial (TF): Launching Research Coverage

Equity Research

Timbercreek Financial (TF): Launching Research Coverage

VersaBank (VBNK) Q2/26: US growth tracks, with real-time SRP upside

Equity Research

VersaBank (VBNK) Q2/26: US growth tracks, with real-time SRP upside

VersaBank runs pilot for real-time Structured Receivable Program

Equity Research

VersaBank runs pilot for real-time Structured Receivable Program

VersaBank begins receiving QCAD deposits

Equity Research

VersaBank begins receiving QCAD deposits

VersaBank sells its only retail branch, reinforcing the core strategy

Equity Research

VersaBank sells its only retail branch, reinforcing the core strategy

VersaBank (VBNK) Q1/26: US outlook remains strong

Equity Research

VersaBank (VBNK) Q1/26: US outlook remains strong

VersaBank signs custodian deal with Stablecorp

Equity Research

VersaBank signs custodian deal with Stablecorp

VersaBank's new CFO reiterates the long-term strategy

Equity Research

VersaBank's new CFO reiterates the long-term strategy

VersaBank (VBNK): Launching Research Coverage

Equity Research

VersaBank (VBNK): Launching Research Coverage


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