Validea Canada: Ratings Changes - Guru Upgrades and Downgrades

Ticker	Company	Strategy	Guru Based On	Date of Change	Old	New
DRG.UN	Dream Global REIT	P/E/Growth Investor	Peter Lynch	8/10/2019	Strong Interest	Some Interest
SMF	Semafo Inc.	P/E/Growth Investor	Peter Lynch	8/7/2019	Some Interest	Strong Interest
APHA	Aphria Inc	P/E/Growth Investor	Peter Lynch	8/6/2019	No Interest	Strong Interest
IAG	iA Financial Corporation Inc	P/E/Growth Investor	Peter Lynch	8/3/2019	Some Interest	Strong Interest
EFN	Element Fleet Management Corp	P/E/Growth Investor	Peter Lynch	8/3/2019	Some Interest	No Interest
TOU	Tourmaline Oil Corp	P/E/Growth Investor	Peter Lynch	8/2/2019	No Interest	Some Interest
AEM	Agnico Eagle Mines Ltd	P/E/Growth Investor	Peter Lynch	7/30/2019	No Interest	Strong Interest
ACO	ATCO Ltd.	P/E/Growth Investor	Peter Lynch	7/26/2019	No Interest	Strong Interest
MFI	Maple Leaf Foods Inc	P/E/Growth Investor	Peter Lynch	7/16/2019	Some Interest	No Interest
AP.UN	Allied Properties Real Estate Investment	P/E/Growth Investor	Peter Lynch	6/18/2019	No Interest	Some Interest
X	TMX Group Ltd	P/E/Growth Investor	Peter Lynch	6/18/2019	Strong Interest	Some Interest
NVU.UN	Northview Apartment REIT	P/E/Growth Investor	Peter Lynch	6/18/2019	No Interest	Some Interest
SMF	Semafo Inc.	P/E/Growth Investor	Peter Lynch	6/18/2019	No Interest	Some Interest
DOL	Dollarama Inc	P/E/Growth Investor	Peter Lynch	6/14/2019	Strong Interest	Some Interest
FFH	Fairfax Financial Holdings Ltd	P/E/Growth Investor	Peter Lynch	6/11/2019	Strong Interest	Some Interest
MFC	Manulife Financial Corp.	P/E/Growth Investor	Peter Lynch	6/11/2019	No Interest	Some Interest
IAG	iA Financial Corporation Inc	P/E/Growth Investor	Peter Lynch	6/11/2019	No Interest	Some Interest
POW	Power Corporation of Canada	P/E/Growth Investor	Peter Lynch	6/11/2019	Strong Interest	No Interest
IIP.UN	Interrent Real Estate Investment Trust	P/E/Growth Investor	Peter Lynch	6/11/2019	No Interest	Some Interest
CAR.UN	Canadian Apartment Properties REIT	P/E/Growth Investor	Peter Lynch	6/11/2019	No Interest	Some Interest
ERF	Enerplus Corp	P/E/Growth Investor	Peter Lynch	6/11/2019	Some Interest	No Interest
NPI	Northland Power Inc.	P/E/Growth Investor	Peter Lynch	6/11/2019	No Interest	Strong Interest
TOU	Tourmaline Oil Corp	P/E/Growth Investor	Peter Lynch	6/11/2019	Strong Interest	No Interest
SMU.UN	Summit Industrial Income REIT	P/E/Growth Investor	Peter Lynch	6/11/2019	No Interest	Some Interest
DOO	BRP Inc	P/E/Growth Investor	Peter Lynch	6/11/2019	Some Interest	Strong Interest
IFP	Interfor Corp	P/E/Growth Investor	Peter Lynch	6/11/2019	No Interest	Strong Interest
DRG.UN	Dream Global REIT	P/E/Growth Investor	Peter Lynch	6/11/2019	No Interest	Some Interest
KMP.UN	Killam Apartment REIT	P/E/Growth Investor	Peter Lynch	6/11/2019	No Interest	Some Interest
ATZ	Aritzia Inc	P/E/Growth Investor	Peter Lynch	6/11/2019	Some Interest	No Interest
TFII	TFI International Inc	P/E/Growth Investor	Peter Lynch	6/11/2019	No Interest	Some Interest
TSGI	Stars Group Inc	P/E/Growth Investor	Peter Lynch	6/11/2019	No Interest	Some Interest
TOY	Spin Master Corp	P/E/Growth Investor	Peter Lynch	6/11/2019	Some Interest	Strong Interest
NFI	NFI Group Inc	P/E/Growth Investor	Peter Lynch	6/11/2019	No Interest	Some Interest
WDO	Wesdome Gold Mines Ltd	P/E/Growth Investor	Peter Lynch	6/11/2019	No Interest	Strong Interest
FVI	Fortuna Silver Mines Inc	P/E/Growth Investor	Peter Lynch	6/11/2019	Strong Interest	No Interest
PXT	Parex Resources Inc	P/E/Growth Investor	Peter Lynch	6/11/2019	Strong Interest	No Interest
OSB	Norbord Inc	P/E/Growth Investor	Peter Lynch	6/11/2019	Strong Interest	Some Interest
CFP	Canfor Corporation	P/E/Growth Investor	Peter Lynch	6/11/2019	Strong Interest	Some Interest
MFI	Maple Leaf Foods Inc	P/E/Growth Investor	Peter Lynch	6/11/2019	No Interest	Some Interest
LNR	Linamar Corporation	P/E/Growth Investor	Peter Lynch	6/11/2019	Some Interest	Strong Interest
MX	Methanex Corporation	P/E/Growth Investor	Peter Lynch	6/11/2019	No Interest	Some Interest
CPX	Capital Power Corp	P/E/Growth Investor	Peter Lynch	6/11/2019	No Interest	Strong Interest
LB	Laurentian Bank of Canada	P/E/Growth Investor	Peter Lynch	6/11/2019	Some Interest	No Interest
NA	National Bank of Canada	P/E/Growth Investor	Peter Lynch	6/11/2019	Strong Interest	No Interest
CIX	CI Financial Corp	P/E/Growth Investor	Peter Lynch	5/21/2019	No Interest	Strong Interest
AIF	Altus Group Ltd	P/E/Growth Investor	Peter Lynch	5/21/2019	No Interest	Strong Interest
PEY	Peyto Exploration & Development Corp	P/E/Growth Investor	Peter Lynch	5/21/2019	Some Interest	No Interest
X	TMX Group Ltd	P/E/Growth Investor	Peter Lynch	5/21/2019	No Interest	Strong Interest
ATZ	Aritzia Inc	P/E/Growth Investor	Peter Lynch	5/21/2019	No Interest	Some Interest
KL	Kirkland Lake Gold Ltd	P/E/Growth Investor	Peter Lynch	5/21/2019	No Interest	Some Interest