Wednesday’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 actionsHeading into third-quarter earnings season for Canadian industrial product companies, National Bank Financial analyst Maxim Sytchev thinks “rates directionality is not helpful but commodity backdrop and proposed magnitude of CAD CapEx spending should be a bigger positive, over time.”In a client report released before the bell, Mr.

The Supreme Court of Newfoundland and Labrador has certified a class action on behalf of passengers on board Air Canada Flight AC 2259 which landed hard at Halifax in December of 2025 after the plane’s landing gear collapsed. The flight had taken off from St. John’s International earlier that evening, and officials at YYT later confirmed that debris was found on one of its runways after the flight took off. They wouldn’t say at the time whether the discovery was related to the incident at Halifax. The class action names Air Canada, Provincial Aerospace Ltd, St. John’s International Airport Authority and the Halifax International Airport Authority, all of whom have consented to certification. Stephen Barnes of Bob Buckingham Law says they want to understand what went wrong that night and make sure that passengers have an opportunity to be fairly compensated for what they went through. The case will examine whether the defendants met their responsibilities for aircraft safety, runway safety and emergency response, and whether any failures caused injury or loss to passengers.