Stantec Inc, which has been a solid contributor to the SIA 5-Stock Equity Income model’s returns, is now being replaced due to its recent drop to the Neutral Yellow Zone and a declining SMAX score. Although it provided steady performance with a 60% return since purchase, its recent underperformance suggests a shift is necessary. We are replacing Stantec with Agnico Eagle Mines, ranked #3 in the SIA Combined Dividend Index Report, to enhance the overall portfolio’s returns and maintain its high performance.