Independent research · Canadian equities · Written for U.S. investors

Canada trades at a discount.We investigate where.

Desk notes

What happened, dated and sourced.

Short records of the things that move the research: a quarterly result, a deal, a policy decision, a data release, a market close. Each one cites the document it came from and says in a sentence why a U.S. reader should care. The briefs do the interpreting; the notes keep the record.

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2 notes in Industrial Technology

August 2026

  1. Deal / Industrial Technology

    Celestica sells 9,677,419 shares at US$310 and the underwriters take 1,451,612 more

    A US$3.0 billion treasury offering priced on August 5 and closed on or about August 7 with the over-allotment exercised in full; net proceeds of about US$3.39 billion are for working capital and capital spending.

    Celestica

July 2026

  1. Results / Industrial Technology

    Celestica lifts its 2026 revenue outlook to US$20.5 billion after a 62% quarter

    Second-quarter revenue of US$4,698.6 million and adjusted EPS of US$2.54 both beat the top of April's guidance; three customers supplied 32%, 17% and 14% of revenue, and the company says 2027 growth will accelerate.

    Celestica