Canada Portfolio Weekly Review – June 22, 2026
The Canada Portfolio continues to hold three positions, all of which remain within their minimum holding periods. This week, we review performance, sector exposure, and the portfolio’s alignment with its Canadian focus.
Portfolio Performance
- MDA Space Ltd. (MDA) – Up 2.77% since pick. The space technology company benefits from ongoing government and commercial contracts. No change in thesis.
- Hammond Power Solutions Inc. (HPS.A:CA) – Up 21.16% since pick. Strong demand for power quality solutions drives performance. Valuation is elevated but supported by earnings momentum.
- Lightspeed Commerce Inc. (LSPD) – Down 3.30% since pick. The commerce platform faces near-term headwinds but remains well-positioned in the retail tech space. No catalyst failure.
Risk & Concentration
The portfolio is concentrated in technology (Lightspeed, MDA) and industrials (Hammond Power). While this provides exposure to Canada’s innovation economy, it lacks diversification across sectors like financials or energy. Investors should monitor for sector-specific risks.
Outlook
All positions are held per the minimum holding period rule. No closures are recommended. We will continue to monitor earnings and macroeconomic factors affecting Canadian equities.
Disclaimer: This is not investment advice. Past performance does not guarantee future results. Always conduct your own research before making investment decisions.