Equal Energy Ltd (TSX: EQU, NYSE: EQU) has been acquired by Petroflow Energy Corp and has been de-listed from How They Rate.

Our evaluation of the coverage universe is ongoing, as we streamline our focus to companies with realistic opportunities to build wealth for investors for the long term, keeping in mind too that part of the rationale for building a coverage universe is to provide context and comparison.

Advice Changes

Toronto-Dominion Bank (TSX: TD, NYSE: TD)–From Hold to Buy < 58. TD Bank has an impressive track record of dividend growth, and its significant exposure to the US is turning into a strong positive as growth in the world’s largest economy continues.  Fiscal 2014 third-quarter numbers were solid.

Tim Horton’s Inc (TSX: THI, NYSE: THI)–From Buy < 58 to Hold. The share price has soared to CAD88.20 on the Toronto Stock Exchange (TSX) and USD81.08 on the New York Stock Exchange (NYSE) as of the close of trading on Sept. 5, 2014, from CAD68.40 and USD62.34, respectively, on Aug. 8, as the iconic Canadian coffee-and-donuts franchise has agreed to be acquired by Burger King Worldwide Inc (NYSE: BKW) for CAD94.05 per share.

Rating Changes