Thursday’s analyst upgrades and downgrades - The Globe and Mail

BNN Bloomberg is Canada’s definitive source for business news dedicated exclusively to helping Canadians invest and build their businesses. The Canadian Real Estate Association has downgraded its forecast for home sales activity in 2026 for the third straight quarter. CREA now expects a total of 444,530 homes to be sold by the end of this year, representing a 5.2 per cent decrease from 2025. That’s down from its July forecast of a 1.4 per cent year-over-year decline, which marked a reversal from its April forecast of a one per cent gain. The association had predicted 5.1 per cent growth year-over-year in January. CREA also projects the national average home price to tick 0.2 per cent higher on an annual basis to $681,681 this year, which is around $5,000 lower than predicted in the summer. Most recent real estate news from BNNBloomberg.caThe association said its revised forecast comes amid a “roller-coaster year,” with the global energy crisis fuelling inflation risks and affecting borrowing costs.

Inside the Market’s roundup of some of today’s key analyst actionsShopify Inc.’s (SHOP-Q, SHOP-T) growth momentum remains robust, according to recent third party data, making it more likely that the ecommerce company’s third quarter results and fourth quarter guidance exceed consensus expectations, said RBC analyst Paul Treiber. “Additionally, Shopify’s recent price increase equates to an incremental 110 basis points uplift to annualized growth. We expect Shopify’s valuation to continue re-rating higher on sustained strong growth and growing recognition as an AI winner,” Mr. Treiber said in a note to clients. He maintained an “outperform” rating and raised his price target to US$200 from US$180. He detailed the data he used for reaching his conclusions: “U. S. Census data indicates U. S. e-commerce sales rose 8.2% Y/Y in the two-month period of August September (adjusts for timing of Prime Day), strengthening from 7.4% Y/Y in April-May.

Inside the Market’s roundup of some of today’s key analyst actionsTD Cowen analyst Mario Mendonca thinks “near-trough” valuations for Canadian property and casualty insurance companies present a “favourable setup” for investors as earnings season nears. “P&C stocks have underperformed banks and lifecos over the last twelve months, and now trade near trough multiples,” he said. “We expect continued top-line growth and limited drag from large commercial property softness to support P&C stocks from here. Longer term, we see potential catalysts in: 1) better-than-expected synergies (DFY-TRV Canada), 2) recovery in UK&I and potential M&A/NCIB (IFC), and 3) U.

TorontoPublished: October 17, 2026 at 2:31p.m. EDTThe next Lotto Max draw is on Tuesday, Oct. 20, 2026. The largest lottery prize ever offered in Canada is still up for grabs after there were no winners for Friday’s Lotto Max draw. The winning numbers were 01, 11, 13, 36, 41, 43, 51. The next draw for the $90 million Lotto Max will take place on Tuesday, Oct. 20. The jackpot is unchanged, as $90 million is the cap. While no one claimed the jackpot on Friday, the Ontario Lottery and Gaming Corporation said four Maxmillion tickets worth $1 million each were sold in Ontario. Fourteen other tickets won $100,000 each, including seven in the Greater Toronto Area. Tuesday’s draw will also feature 20 Maxmillions prizes worth $1 million each and at least 90 Maxplus prizes worth $100,000 each. How to set CP24 as your preferred source on GoogleHow to set CTV News as your preferred source on Google

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