Validea Canada: Ratings Changes - Guru Upgrades and Downgrades

Ticker	Company	Strategy	Guru Based On	Date of Change	Old	New
EQB	EQB Inc	Low PE Investor	John Neff	1/14/2025	Some Interest	No Interest
NA	National Bank of Canada	Low PE Investor	John Neff	1/10/2025	Some Interest	No Interest
NA	National Bank of Canada	Low PE Investor	John Neff	12/24/2024	No Interest	Some Interest
NA	National Bank of Canada	Low PE Investor	John Neff	12/5/2024	Some Interest	No Interest
EQB	EQB Inc	Low PE Investor	John Neff	11/22/2024	Some Interest	No Interest
EQB	EQB Inc	Low PE Investor	John Neff	11/9/2024	Some Interest	No Interest
WCP	Whitecap Resources Inc	Low PE Investor	John Neff	10/29/2024	No Interest	Some Interest
EQB	EQB Inc	Low PE Investor	John Neff	10/11/2024	No Interest	Some Interest
CPX	Capital Power Corp	Low PE Investor	John Neff	10/1/2024	Some Interest	No Interest
NA	National Bank of Canada	Low PE Investor	John Neff	8/30/2024	No Interest	Some Interest
CPX	Capital Power Corp	Low PE Investor	John Neff	8/3/2024	Some Interest	No Interest
CPX	Capital Power Corp	Low PE Investor	John Neff	7/16/2024	No Interest	Some Interest
EQB	EQB Inc	Low PE Investor	John Neff	6/8/2024	No Interest	Some Interest
CPX	Capital Power Corp	Low PE Investor	John Neff	6/8/2024	No Interest	Some Interest
CPX	Capital Power Corp	Low PE Investor	John Neff	5/3/2024	Some Interest	No Interest
CPX	Capital Power Corp	Low PE Investor	John Neff	3/1/2024	No Interest	Some Interest
EQB	EQB Inc	Low PE Investor	John Neff	8/8/2023	Some Interest	No Interest
EQB	EQB Inc	Low PE Investor	John Neff	7/19/2023	No Interest	Some Interest
IAG	iA Financial Corporation Inc	Low PE Investor	John Neff	7/5/2023	No Interest	Some Interest
MFC	Manulife Financial Corp	Low PE Investor	John Neff	7/5/2023	No Interest	Some Interest
EQB	EQB Inc	Low PE Investor	John Neff	7/5/2023	No Interest	Some Interest
NA	National Bank of Canada	Low PE Investor	John Neff	7/5/2023	No Interest	Some Interest
EQB	EQB Inc	Low PE Investor	John Neff	5/13/2023	Some Interest	No Interest
MFC	Manulife Financial Corp	Low PE Investor	John Neff	5/12/2023	Some Interest	No Interest
EQB	EQB Inc	Low PE Investor	John Neff	4/1/2023	No Interest	Some Interest
EQB	EQB Inc	Low PE Investor	John Neff	3/14/2023	Some Interest	No Interest
BMO	Bank of Montreal	Low PE Investor	John Neff	3/1/2023	Some Interest	No Interest
EQB	EQB Inc	Low PE Investor	John Neff	2/25/2023	No Interest	Some Interest
MFC	Manulife Financial Corp	Low PE Investor	John Neff	2/17/2023	No Interest	Some Interest
BMO	Bank of Montreal	Low PE Investor	John Neff	2/9/2023	Strong Interest	Some Interest
MFC	Manulife Financial Corp	Low PE Investor	John Neff	2/2/2023	Some Interest	No Interest
BMO	Bank of Montreal	Low PE Investor	John Neff	11/25/2022	No Interest	Some Interest
MFC	Manulife Financial Corp	Low PE Investor	John Neff	8/26/2022	No Interest	Some Interest
NA	National Bank of Canada	Low PE Investor	John Neff	8/25/2022	Some Interest	No Interest
BMO	Bank of Montreal	Low PE Investor	John Neff	8/19/2022	Some Interest	No Interest
NA	National Bank of Canada	Low PE Investor	John Neff	8/6/2022	Some Interest	No Interest
NA	National Bank of Canada	Low PE Investor	John Neff	5/28/2022	No Interest	Some Interest
BMO	Bank of Montreal	Low PE Investor	John Neff	5/26/2022	No Interest	Some Interest
INE	Innergex Renewable Energy Inc	Low PE Investor	John Neff	3/1/2022	No Interest	Some Interest
INE	Innergex Renewable Energy Inc	Low PE Investor	John Neff	11/16/2021	Some Interest	No Interest
INE	Innergex Renewable Energy Inc	Low PE Investor	John Neff	11/2/2021	No Interest	Some Interest
IAG	iA Financial Corporation Inc	Low PE Investor	John Neff	5/12/2021	Some Interest	No Interest
EQB	EQB Inc	Low PE Investor	John Neff	5/12/2021	Some Interest	No Interest
BMO	Bank of Montreal	Low PE Investor	John Neff	5/12/2021	Some Interest	No Interest
NA	National Bank of Canada	Low PE Investor	John Neff	5/12/2021	Some Interest	No Interest
IAG	iA Financial Corporation Inc	Low PE Investor	John Neff	2/2/2021	Strong Interest	Some Interest
MFC	Manulife Financial Corp	Low PE Investor	John Neff	2/2/2021	Some Interest	No Interest
EQB	EQB Inc	Low PE Investor	John Neff	2/2/2021	Strong Interest	Some Interest
NA	National Bank of Canada	Low PE Investor	John Neff	11/11/2020	No Interest	Some Interest
MFC	Manulife Financial Corp	Low PE Investor	John Neff	11/3/2020	No Interest	Some Interest