North American Morning Briefing: AI Stocks Under Pressure as Investors Reassess Positions -2-

Altus Grp Ltd 3Q Atkinsrealis 3Q Atrium Mtg 3Q Badger Infra 3Q Baytex Energy 3Q BCE Inc. 3Q Bombard. A 3Q Bombard. B 3Q Canaccord Gen 2Q Canada Goose 2Q Cdn Nat Res 3Q Cascades Inc. 3Q Cronos Grp 3Q Definity Fin 3Q DLC Cl. A 3Q Fennec Pharma 3Q First Majestic 3Q Galiano Gold 3Q Gildan Active 3Q IAMGOLD Corp 3Q IGM Fin Inc. 3Q Interfor Corp 3Q Keel Infra 3Q Kits Eyecare 3Q Knight Ther 3Q Lassonde A 3Q Leon's Furn 3Q Lightspeed 2Q MDA Space Ltd 3Q NFI Grp 3Q NGEx Min. 3Q Nouveau Monde 3Q Open Text 1Q Pason Syss 3Q Pembina Pipe 3Q Polaris Renew 3Q Prem Brands 3Q Profound Med 3Q Quebecor A 3Q Quebecor B 3Q Saputo Inc. 2Q Silvercorp 2Q TC Energy 3Q TerrAscend 3Q Tidewater Mid 3Q Tidewater R 3Q Trisura Grp 3Q Vitalhub 3Q Vox Royalty 3Q Western For. 3Q Wheaton Prec 3Q

Economic Indicators (ET):

Bank of Canada Governor Tiff Macklem appears before Standing Senate Committee on Banking, Commerce and the Economy

Canadian federal budget presentation

Stocks to Watch:

AirBoss of America 3Q Adj EBITDA $8.08M; 3Q Adj EPS $0.05; 3Q Free Cash Flow Loss $3.49M; 3Q Sales $98.7M; FactSet Est. $104.1M (2 Est.); 3Q EBITDA $8.08M; 3Q EPS $0.05; 3Q Sales Miss Estimates; 3Q EPS 5c; 3Q Adj EPS 5c; 3Q Net $1.53M

Allied Gold 3Q EPS $0.20; 3Q Adj Net Income $49.3M; 3Q Net Income $29.1M; 3Q Adj EBITDA $139.8M; 3Q EBITDA $121M; Reports 3Q EPS of $0.20

Avino 3Q Net Income $6.1M; 3Q Revenue $33.4M; FactSet Est. $39M (2 Est.); 3Q EPS $0.03; FactSet Est. $0.07; 3Q EBITDA $12.8M; 3Q Adj EPS $0.08; 3Q Adj Net Income $14.3M; 3Q Revenue Misses Estimates

B2Gold Corp 3Q EPS $0.31; 3Q Adj EPS $0.14; FactSet Est. $0.12; 3Q Revenue $836M; FactSet Est. $822.8M; 3Q Adj Net Income $183M; 3Q Net Income $414M; 3Q Adj EPS Beats Estimates; 3Q EPS 28c; 3Q Rev $836M

CAPREIT 3Q Net Operating Income CAD 163M; 3Q Revenue CAD 246.6M; FactSet Est. CAD 246.9M; 3Q Net Loss CAD 173.9M; Reports 3Q Revenue of CAD 246.6 Million, Compared With FactSet Consensus of CAD 246.9 Million; 3Q FFO C$0.652/Shr

Crombie REIT 3Q Adj FFO Per Share CAD 0.30; 3Q FFO Per Share CAD 0.34; Reports 3Q Adj FFO Per Share of CAD 0.30

Dexterra Group 3Q Adj EBITDA CAD 38.1M; 3Q Revenue CAD 291.2M; FactSet Est. CAD 305.6M; 3Q Adj EPS CAD 0.28; FactSet Est. CAD 0.22; 3Q Net Income CAD 14.4M; 3Q Free Cash Flow CAD 38.3M; 3Q Adj EPS Beats Estimates

DIRTT Environmental Solutions 3Q Operating Expenses $11.3M; 3Q Operating Income $4.38M; 3Q EPS $0.09; 3Q Basic EPS $0.09; 3Q Gross Profit $15.7M; Reports 3Q EPS of $0.09; 3Q Rev $44.7M; 3Q EPS 9c

DRI Healthcare Trust 3Q Net Income $46.5M; 3Q Adj EBITDA Margin 84%; 3Q Adj EBITDA $40M; 3Q Adj EPS $0.53; Reports 3Q Adj EPS of $0.53; 3Q EPS 84c; 3Q Adj EPS 53c

Erdene Resource 3Q Net C$9.6M

Firan Technology Group Corp Announces C$15M Contract Award From a Canadian Customer

Fortuna Mining 3Q Basic EPS $0.16; 3Q Net Income $47.8M; 3Q Adj Net Income $51.2M; 3Q Sales $293.4M; FactSet Est. $289.8M (1 Est.); 3Q Adj EBITDA $165M; 3Q Sales Above Estimates

Genesis Land 3Q EPS C0.04;3QNetC2.54M; 3Q Rev C$62.4M

Gold Royalty 3Q Total Revenue & Interest $11.5M; 3Q Net Income $3.84M; 3Q Adj Net Income $3.89M; 3Q Revenue $10.2M; FactSet Est. $8.87M; 3Q Revenue Beats Estimates

Granite REIT 3Q FFO CAD 99.5M; 3Q Revenue CAD 166.6M; FactSet Est. CAD 166.7M (2 Est.); 3Q Adj FFO CAD 90.3M; Reports 3Q Revenue of CAD 166.6 Million, Compared With FactSet Consensus of CAD 166.7 Million (2 Est.)

Great-West Lifeco 3Q Book Value per Share CAD 30.07; 3Q Base Earnings CAD 1.32B; 3Q Base EPS CAD 1.48; Reports 3Q Book Value per Share of CAD 30.07; 3Q Net C$1.14B

Killam Apartment REIT 3Q FFO C$0.34/Shr; 3Q Adj FFO CAD 35.5M; 3Q Net Income CAD 51.6M; 3Q FFO CAD 41.2M; 3Q Net Operating Income CAD 69.3M; 3Q Adj FFO Per Share CAD 0.29; 3Q FFO Per Share CAD 0.34; Reports 3Q FFO of CAD 41.2 Million

Kinaxis 3Q Revenue $160.3M; FactSet Est. $152.1M; 3Q Gross Profit $104.5M; 3Q Revenue Beats Estimates; 3Q EPS 72c; 3Q Rev $160.3M; Raises 2026 View To Rev 640M-650M

Labrador Iron Ore Royalty 3Q Operating Cash Flow CAD 20.4M; 3Q EPS CAD 0.38; 3Q Revenue CAD 40.5M; FactSet Est. CAD 35.4M (1 Est.); 3Q Net Income CAD 24.5M; 3Q Revenue Beats Estimates

Lundin Gold 3Q Adj Net Income $296.8M; 3Q Adj EPS $1.23; 3Q Revenue $633M; 3Q Net Income $293.8M; 3Q Adj EBITDA $480M; 3Q Free Cash Flow $330.9M; 3Q EBITDA $475.9M; Reports 3Q Adj EPS of $1.23

Lundin Mining 3Q Adj EPS 32c; 3Q Rev $1.11B; 3Q Revenue $1.11B; FactSet Est. $1.13B; 3Q Adj EPS $0.32; 3Q Adj EBITDA $647.7M; 3Q Free Cash Flow $311.8M; 3Q EPS $0.27; 3Q Revenue Under Estimates

Manulife Financial 3Q Net C1.4B;3QEPSC0.82; 3Q Adj EPS C$1.24; Press Release: Manulife Reports Third Quarter 2026 Results

North American Construction 3Q Adj Net Income CAD 6.59M; 3Q Gross Profit CAD 47.1M; 3Q Revenue CAD 413.3M; FactSet Est. CAD 408.1M; 3Q Adj EPS CAD 0.25; FactSet Est. CAD 0.51; 3Q Adj EBITDA CAD 100.1M; 3Q Operating Loss CAD 6.05M; 3Q Adj EPS Misses Estimates; 3Q Rev C413.2M;3QLoss/ShrC0.90

Pan American Silver 3Q Net Income $357M; 3Q Adj EPS $0.69; 3Q Revenue $1.01B; Reports 3Q Adj EPS of $0.69; Revises FY Gold Production Guidance to 660 to 680 Thousand Ounces; 3Q Basic EPS 86c; 3Q Adj EPS 69c; Now Sees 2026 Silver Production of 25 to 27 M Ounces at Low End of Range; 3Q Net $357M; 3Q Rev $1B

Plaza Retail REIT 3Q FFO Per Share CAD 0.115; 3Q Adj FFO Per Share CAD 0.082; 3Q Net Operating Income CAD 20.8M; 3Q Revenue CAD 32.2M; Reports 3Q Revenue of CAD 32.2 Million

Russel Metals 3Q EBITDA CAD 200M; 3Q Revenue CAD 1.8B; FactSet Est. CAD 1.65B; 3Q EPS CAD 2.29; FactSet Est. CAD 1.48; 3Q Net Income CAD 125.5M; 3Q EBIT CAD 173.2M; 3Q EPS Beats Estimates; 3Q Rev C$1.82B

Saturn Oil & Gas 3Q Net Loss CAD 48M; 3Q Adj EBITDA CAD 171M; 3Q Adj EBITDA Beats Estimates

Savaria 3Q Revenue CAD 245M; FactSet Est. CAD 242.7M; 3Q Gross Profit CAD 96.4M; 3Q Adj Net Income CAD 23.3M; 3Q Adj EBITDA CAD 52.1M; 3Q Net Income CAD 23.1M; 3Q Operating Income CAD 35.6M; 3Q Adj EPS CAD 0.32; FactSet Est. CAD 0.35; 3Q Adj EPS Misses Estimates; 3Q Rev C245M; 3QEPSC0.32; Will Target a Top-Line Increase of Approximately 12% Per Yr for the Next Five Years

SmartCentres Real Estate Investment Trust 3Q FFO Per Share CAD 0.54; 3Q Net C$179.5M

South Bow 3Q Net Income $99M; 3Q Adj EBITDA $248M; FY Outlook Adj EBITDA $1.04B; 3Q EPS $0.47; FactSet Est. $0.42; 3Q Revenue $503M; FactSet Est. $476M; 3Q EPS Beats Estimates; 3Q EPS 47c; 3Q Rev $503M

Sun Life 3Q Net C785M;3QEPSC1.40; 3Q Adj EPS C$2.05

Surge Energy 3Q Net C$4.05M; 3Q Operating Cash Flow CAD 73.5M; 3Q Net Income CAD 4.05M; 3Q CAPEX CAD 63.2M; Reports 3Q CAPEX of CAD 63.2 Million

Tenaz Energy 3Q Net Loss CAD 74.3M; 3Q FFO Per Share CAD 3.97; 3Q FFO CAD 131.3M; Reports 3Q Net Loss of CAD 74.3 Million

Thor Explorations 3Q Revenue $81.3M; 3Q EBITDA $56.9M; 3Q Net Income $47.3M; Reports 3Q Revenue of $81.3 Million

Torex Resources 3Q EBITDA $333.3M; 3Q Revenue $555M; 3Q Adj Net Income $180.1M; 3Q Net Income $155.2M; 3Q Free Cash Flow $150.4M; 3Q Adj EBITDA $344.2M; Reports 3Q Revenue of $555 Million

Trekor Metals 3Q Net Income CAD 33.6M; 3Q Adj EPS CAD 0.15; FactSet Est. CAD 0.18; 3Q Adj Net Income CAD 54.6M; 3Q Adj EPS Misses Estimates

Wesdome 3Q Gross Profit CAD 155.4M; 3Q Net Income CAD 89.7M; 3Q EBITDA CAD 157.5M; 3Q Adj EPS CAD 0.62; FactSet Est. CAD 0.58; 3Q Free Cash Flow CAD 51.5M; 3Q Adj Net Income CAD 89.7M; 3Q Revenue CAD 250.6M; FactSet Est. CAD 256.8M (2 Est.); 3Q EPS CAD 0.62; 3Q Adj EPS Beats Estimates

WSP Global 3Q EPS C2.47;3QRevC4.227B; Sees 4Q Rev C4.1B-C4.45B

Expected Major Events for Thursday 00:30/JPN: Oct Japan Services PMI

06:00/RUS: Oct Russia Services PMI

07:00/GER: Sep Manufacturing orders

07:00/GER: Sep Manufacturing turnover

07:45/FRA: Sep Industrial production index

09:00/UK: Oct UK monthly car registrations figures

09:00/ITA: Sep Retail Sales

09:30/UK: Oct S&P Global UK Construction PMI

10:30/US: Oct Challenger Job-Cut Report

12:00/UK: UK interest rate decision

13:30/US: 3Q Preliminary Productivity and Costs

13:30/US: 10/31 Unemployment Insurance Weekly Claims Report - Initial Claims

13:30/US: U.S. Weekly Export Sales

15:30/US: 10/30 EIA Weekly Natural Gas Storage Report

17:00/US: Oct Monthly U.S. Retail Chain Store Sales Index

21:30/US: Federal Discount Window Borrowings

21:30/US: Foreign Central Bank Holdings

23:30/JPN: Sep Provisional Labour Survey - Earnings, Employment & Hours Worked

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Expected Earnings for Thursday 1-800-FLOWERS.COM Inc - A Share (FLWS) is expected to report $-0.58 for 1Q.

Advance Auto Parts Inc (AAP) is expected to report $0.76 for 3Q.

Agios Pharmaceuticals (AGIO) is expected to report $-1.18 for 3Q.

Arrow Electronics Inc (ARW) is expected to report $4.90 for 3Q.

CRA International Inc (CRAI) is expected to report $2.07 for 3Q.

Cardinal Health Inc (CAH) is expected to report $2.57 for 1Q.

Carlyle Group Inc (CG) is expected to report $1.02 for 3Q.

Cigna Group (CI) is expected to report $6.14 for 3Q.

Core Scientific Inc (CORZ) is expected to report $-0.05 for 3Q.

Corus Entertainment Holdings Inc (CJREF,CORS.T) is expected to report for 4Q.

DNA X Inc (SONM) is expected to report for 3Q.

DTE Energy Co (DTE) is expected to report $2.13 for 3Q.

Distribution Solutions Group Inc (DSGR) is expected to report $0.30 for 3Q.

Ecovyst Inc (ECVT) is expected to report for 3Q.

GPGI Inc (GPGI) is expected to report $0.10 for 3Q.

Genesis Energy LP (GEL) is expected to report $0.32 for 3Q.

Genie Energy Ltd (GNE) is expected to report $0.39 for 3Q.

Gibraltar Industries Inc (ROCK) is expected to report $1.08 for 3Q.

Gildan Activewear Inc (GIL,GIL.T) is expected to report $1.58 for 3Q.

Global Payments Inc (GPN) is expected to report $1.06 for 3Q.

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November 05, 2026 06:13 ET (11:13 GMT)

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