Paul Shin

CIBC World Markets, Inc. is a full-service Canadian brokerage and investment banking firm headquartered in Toronto, Ontario. The firm was founded in 1961 and is a subsidiary of the Canadian Imperial Bank of Commerce (TSE, NYSE: CM). CIBC World Markets provides alternative investment managers with premier prime brokerage that brings together trade execution, reporting, research and capital introduction with a view to enhancing efficiencies and profitability.

National Bank Financial, Inc. (NBF) is a Canadian mutual fund manager headquartered in Montréal, Quebec. The firm was founded in 1902 and is a direct subsidiary of National Bank Acquisition Holding, Inc., ultimately owned by National Bank of Canada (TSX: NA). NBF is an integrated firm that combines retail advisory and brokerage services with institutional brokerage, investment banking, corporate finance and securities clearing services for third parties.

Clarus Securities, Inc. is a broker/dealer located in Toronto, Ontario. Their research team covers a wide range of sectors and companies. The theme to all their efforts is the drive to find good investment ideas among the small- to medium-sized issuers in Canada. Clarus Securities' research focuses on growth opportunities in both traditional equities and the business trust sector. They cover a variety of sectors including: alternative energy, clean tech/power infrastructure, energy services, geothermal energy, industrial products, mining, oil and gas, solar energy, special situations and technology.

Innocap Investment Management, Inc. (Innocap) is a Canadian hedge fund manager headquartered in Montréal, Quebéc. The firm was founded in 1996 and is owned by France-based BNP Paribas SA (EPA: BNP) (50 percent), CDP Investissements Inc. (30 percent), a wholly-owned subsidiary of la Caisse de dépôt et placement du Québec (CDPQ) and Innocap’s management, via 10313157 Canada Inc. (20 percent). Innocap provides investment management and advisory services to financial institutions, pension funds, pooled investment vehicles, and other accredited investors. They also offer non-discretionary advisory services to Innocap Global Investment Management (Ireland) Ltd. (IGIM) and acts as investment manager and/or investment fund manager to the Innocap Funds.

Business Council of Canada provides program for research and consultation and advocacy of economic and social fabric. The company was founded in 1976 and is headquartered in Ottawa, Canada.

National Bank Trust, Inc. (NBT) is a Canadian investment advisory firm headquartered in Montréal, Quebec. Founded in 1927, the firm was formerly known as General Trust of Canada and changed its name to National Bank Trust, Inc. in January 2001. They are a subsidiary of National Bank of Canada (TSE: NA). NBT offers specialized trust and asset management services to their institutional clients.

Part of Banker Trust, BT Bank of Canada is a Canadian company that provides banking services. The company is based in Toronto, Canada.

Order of Canada is an organization based in Ottawa, Canada. The organization is affiliated with the governor general of Canada, La gouverneure générale du.

National Bank Acquisition Holding, Inc. operates as a holding company. The company was founded on November 5, 2005 and is headquartered in Montréal, Canada.

Montréal Exchange, Inc. engages in the operation and development of market and clearing services for Canadian and international clients and to commercialize internally developed technology solutions. The Group operates in two segments, namely, Exchange and Clearing House. The Exchange segment acts as the only standardized financial derivatives exchange in Canada, providing a complete range of equity, index and interest rate derivatives. The Clearing House segment acts as clearing house and guarantor for derivative instruments traded at the MX and certain other derivative instruments from the over-the-counter market. The company is headquartered in Montreal, Canada.

NBF Securities (USA) Corp. is securities brokerage subsidiary of National Bank of Canada (TSE: NA). Headquartered in Montréal, the firm offers retail and direct brokerage services to corporate clients.

IA Clarington Investments, Inc. (IA Clarington) is a Canadian investment management firm headquartered in Toronto, Ontario. The firm was founded in 1999 and is a wholly owned subsidiary of Industrial Alliance Insurance and Financial Services, Inc., owned by iA Financial Corp., Inc. (TSX: IAG). IA Clarington offers individual investors, through their advisors, a wide range of investment solutions such as actively managed mutual funds, portfolio solutions, Active ETF Series and socially responsible investments.

Norrep Capital Management Ltd. (NCM) is a global investment manager headquartered in Calgary, Alberta, Canada. The firm was founded in 1995 as Hesperian Capital Management Ltd. They assumed portfolio management duties for Norrep Investments at the beginning of 1999. On 01 May 2018, Cumberland Partners (CPL), Norrep Investment Management Group Inc. (NIMGI; parent company of NCM), Perron & Partners Wealth Management Corp. (PPWM) and Perron Asset Management Inc. (PAM) amalgamated their entities. As a result of the combination, CIC, CPWM, NIMGI and NCM became wholly-owned subsidiaries of CPL. NCM has provided Canadians with an independent choice for their investments using a highly disciplined approach to investing.

Founded in 1981, Haywood Securities Inc. is a broker/dealer headquartered in Vancouver, British Columbia with additional offices in Calgary and Toronto. The firm offers a full array of investment services. Their research focuses on companies in the mining, oil & gas, biotechnology, telecommunications and technology sectors. They focus on young companies that are built around innovative ideas and offer the potential for rapid growth. Haywood Securities is a member of the Toronto Stock Exchange, the TSX Venture Exchange, the Montreal Exchange, the Canadian Trading and Quotation System, the Canadian Investor Protection Fund and the Investment Dealers Association of Canada. They are also registered to transact securities business in the U.S. and are a member of the NASD.

NeuroScience, Inc. manufactures dietary supplement products. The private company is based in Osceola, WI.

Part of Willis Towers Watson Plc, Watson Wyatt Canada is a Canadian company that offers consulting services in employee benefits, human resources, general insurance, and investment.

MFS Investment Management Canada Ltd. (MFS Canada) is an investment management firm headquartered in Toronto, Ontario. The firm was founded in 1947 and formerly known as McLean Budden Ltd. They are a subsidiary of MFS Institutional Advisors, Inc. and their ultimate parent is Sun Life Financial, Inc. (NYSE, TSX: SLF). MFS Canada manages investments for corporate retirement and pension plans, defined contribution, endowments & foundations, public funds, sub-advised clients, and Taft Harley plans.

Founded in 2009, WR Securities LLC is a registered broker/dealer located in New York City. The firm is a subsidiary of Wolfe Holdco LLC. They provide securities dealer services, as well as merger and acquisition advisory services. WR Securities also participates as an underwriter or selling group member in public offerings. The firm provides an array of trading and execution services for their clients. They do not provide any internal research. WR Securities in a member of FINRA.

Founded in 1926, Investors Group, Inc. is an investment advisor headquartered in Winnipeg, Manitoba, Canada. The firm is a subsidiary of IGM Financial, Inc. (Toronto: IGM.TO), one of Canada’s premier personal financial services companies and one of the country's largest managers and distributors of mutual funds and other managed asset products. Their ultimate parent is Power Corp. of Canada (TSX: POW), a diversified management and holding company that has interests, directly or indirectly, in companies in the financial services sector in Canada, the United States and Europe. Investors Group provides financial solutions to Canadians through a network of consultants located throughout Canada. They offer a range of insurance, securities, mortgage and banking services.

Accountability Research Corp. is an investment research firm located in Toronto, Ontario. The firm specializes in providing institutional investors and professional investment advisors with in-depth, unbiased research that focuses on valuation fundamentals and earnings quality issues. They seek to provide reports and ideas that are not available from any other source. This includes research on under-covered and out-of-favor companies, as well as in-depth analyses of earnings quality issues that impact valuation. The majority of their investment recommendations and target prices are based on adjusted free cash flows with value-oriented, longer-term horizons.

A.G.P. / Alliance Global Partners Corp. (AGP) is a FINRA-registered broker-dealer headquartered in Westport, Connecticut. Formerly known as Euro Pacific Capital, Inc., the firm was founded by Peter Schiff in 1997 and is a subsidiary of Alliance Global LLC. AGP provides prime brokerage services to hedge funds, family offices, professional traders and top tier small/mid-cap investment funds. It offers multi-clearing, cloud based, high-touch client service solutions tailored to each client’s business needs.

Wolfe Research LLC is a FINRA-registered sell-side research firm headquartered in New York City. The firm was founded by Edward Wolfe in 2008 and is a subsidiary of Wolfe Holdco LLC. Wolfe Research provides bespoke research of various stocks in every major GIC sector for institutional clients. The firm has established a reputation for macro research underpinning coverage in Industrials, Utilities/Energy, Consumer/Retail, Financials/REITS, Healthcare and TMT.