Stantec, Endeavor Mining and BlackBerry are among the new wave of IR Magazine Canada’s Top 50 Participants

Just under half of the companies in this year’s IR Magazine Canada Top 50 are new entrants, with 23 companies included in the list that were not in the top 50 for 2021. The biggest new entrant is Stantec in eighth place, while four other companies that weren’t in the top 50 last year are among the top 20 companies this year – Brookfield Asset Management, Finning International, Endeavor Mining and BlackBerry.

The Canada Top 50 is featured in the IR Magazine Investor Perception Study – Canada 2022 and is compiled from research results from this year’s IR Magazine Awards – Canada, held in Toronto last month. Investors and analysts in Canada were asked to name the top performing companies in a number of categories and the results are combined to provide a picture of overall RI excellence.

Stantec won the award for best set
investor relations (mid-cap)
at the IR Magazine Awards –
Canada 2022

Canadian Pacific Railway remains the best RI company in Canada. The shipping company earned a total of 369 points in the research process, more than a hundred points ahead of second-placed Shopify. Particular attention was paid by investors to the way Canadian Pacific’s IR team handled the merger with Kansas City Southern, commenting that “in the face of a major merger, CP Rail’s IR excelled and was active to stay in front of the people”.

Shopify, the second largest IR company in Canada this year, topped the categories for Best Financial Reporting and Best Use of Technology for IR. Receiving praise for its disclosure, Shopify “has a very informative IR website, with presentations and webcasts dating back several years,” an analyst notes, while it is “consistent in its reporting and always uses appropriate metrics, since IPO start,” says another.

“Honest Answers”

CN, third, and Agnico Eagle Mines, fourth, were both in the top four last year. CN’s IR team is considered “accessible” and gives “honest answers” while being “accommodating and willing to spend time telling the story.” Commenting on IR at Agnico Eagle Mines, an analyst said, “The industry needs a lot of support, and Agnico guides expectations well.

In addition to being the highest-ranked new entrant this year, Stantec is the highest-ranked mid-cap company in the table. It is also the top performing company overall for sustainability communications, with one buyer noting, “Stantec addresses all themes, especially in the environmental and social areas. The focus is on diversity in the workplace, and it does great things.”

Other companies that have improved significantly in the top 10 include Intact Financial Corporation, sixth, up 33 places from last year, and WSP Global, which is seventh this year after ranking 34th in 2021. Three out of five companies in the 21st to 50th places did not appear in the Top 50 in 2021. Of the 12 remaining companies in this bracket, nine saw their position in the ranking drop compared to last year.

The IR Magazine Investor Perception Study – Canada 2022 is the result of research conducted among members of the Canadian investment community in the fourth quarter of 2021. The full report is available to IR Magazine Essentials and Advanced subscribers here.

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