Canadian Research at a Glance - June 16, 2026

研报英文原文证据摘录

Canadian Research at a Glance - June 16, 2026

CANADIAN RESEARCH AT A GLANCE

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Logan Reich, CFA (Analyst) Latest thoughts on BROS, CAVA, and AW.CN

(646) 618-6870; logan.reich@rbccm.com Published June 16 2026 05:52:30 EDT

Emir Akdogan (Associate)

(212) 301-1601; emir.akdogan@rbccm.com Our view: Following our latest conversations with IR and investors, we provide

our updated thoughts on CAVA, BROS, and AW.CN as we approach the end of Q2.

We are constructive on BROS, where our recent 7 Brew checks give us confidence

in consumer demand. Our RBC Elements™ location data shows the brands an

increasing overlap between the brands, which doesn't appear to be impacting BROS

traffic growth. CAVA: We continue to have confidence in the growth trajectory,

given they're effectively in a category of one in the fast-growing Mediterranean

segment, in our view, and it's increasing their lower-income wallet share despite its

relatively premium price point compared to quick service. AW.CN: Catalysts for the

stock remain somewhat limited given a challenging macro backdrop and relatively

low trading volume, which constrains the addressable shareholder base. That said,

the company's new standalone store concept lowers construction costs by ~C$500k

and could enable faster unit growth over time.

Walter Spracklin, CFA (Analyst) Senate Committee Recommends New Rail Labour Rules +

(416) 842-7877; walter.spracklin@rbccm.com Carloads

Published June 15 2026 19:26:44 EDT

Last week, the Standing Senate Committee on Transport and Communications

released the "Keep Canada Moving" report, which recommends the creation of

a supply chain tribunal to evaluate labour disputes at ports and railways, with

arbitration available as a backstop when a work stoppage risks broader national

interest.