Canadian Analyst Updates: Sept 11th, 2026

Osisko Metals closed a C$25.0M private placement, issuing 9.46M flow-through shares at C$2.64 each. Agnico Eagle Mines and Hudbay Minerals bought all shares. TSX acceptance is pending.

Brookfield and CPP Investments completed a $5.2B all-cash buyout of LXP Industrial Trust, delisting the REIT. Shareholders received $61.20 per share, a 12.3% premium. The portfolio, 96.6% leased, includes 52M SF of logistics space with Amazon as the largest tenant. According to the buyers, the deal aligns with strong U.S. industrial demand.

Cameco (CCJ) owns 49% of Westinghouse, a nuclear power service provider. The U.S. Nuclear Regulatory Commission extended the license for Westinghouse's AP1000 reactor through 2066, following successful operation at Southern Company's (SO) Vogtle plants. The Nuclear Company plans to use up to six AP1000 reactors in Kentucky, potentially boosting Westinghouse's growth and Cameco's stake.

Brookfield Asset Management and CPP Investments completed a $5.2 billion all-cash acquisition of LXP Industrial Trust, paying $61.20 per share. LXP is now private, with its 107 industrial properties integrated into Brookfield's global logistics platform. The portfolio includes 52 million square feet of modern logistics facilities in the Sunbelt and Midwest, offering long-term returns through rental income and leasing activity.

Brookfield, a large real estate investment firm, is walking away from a $600M luxury apartment tower in Los Angeles due to refinancing challenges. The Beaudry, a high-end property, has $360M in debt, and refinancing at current rates would require significant additional costs, eroding Brookfield's equity. This follows data showing many Class A office loans need extra equity to refinance, highlighting broader commercial real estate struggles.

Brookfield Asset Management (BAM) stock rose 6.7% on November 2, 2026, while the S&P 500 fell 0.5%. The company, along with CPP Investments, completed the acquisition of LXP Industrial Trust for about $5.2 billion. Brookfield's fee-bearing capital reached $672 billion in Q2 2026, up 19% year-over-year. The stock's performance outpaced its peers and the financial sector.