LongPoint Adds Double Leveraged ETFs on Canadian Stocks

Executive Summary

• LongPoint Asset Management launched nine new double‑leveraged (2X) single‑stock ETFs on the Toronto Stock Exchange, marking the first such offerings for Canadian equities.
• The ETFs provide 2X leveraged long exposure to five large‑cap stocks (Barrick, Cameco, Canadian Natural Resources, Constellation Software, Shopify) and four major Canadian banks (RBC, TD, CIBC, National Bank).
• Initial shares have closed their offering and trading began the morning of launch; an additional inverse‑leveraged Shopify ETF is planned for a later date.

Key Details

• Launch Date & Venue: Trading commenced on 2025‑10‑22 on the TSX.
• ETF Structure: Double‑leveraged (2X) single‑stock ETFs seeking daily results equal to twice the daily return of the reference stock, before fees and expenses.
• Ticker / Reference Stock Mapping:
• ABXU – Barrick Mining Corp.
• CCOU – Cameco Corp.
• CNQU – Canadian Natural Resources Ltd.
• CSUU – Constellation Software Inc.
• SHPU – Shopify Inc. (Class A)
• COMU – Canadian Imperial Bank of Commerce
• NBCU – National Bank of Canada
• RBCU – Royal Bank of Canada
• TDU – Toronto‑Dominion Bank
• Future Plans: Anticipated launch of a double‑leveraged inverse ETF on Shopify (ticker SHPD).
• Management Commentary: CEO Steve Hawkins highlighted the ETFs as tools for sophisticated investors seeking short‑term, high‑conviction strategies and noted LongPoint’s 70 years of combined ETF experience.
• Historical Context: LongPoint entered the leveraged ETF market in Dec 2024 (crude oil & natural gas), launched triple‑leveraged index ETFs in May 2025, and introduced double‑leveraged single‑stock ETFs on U.S. equities in June 2025.
• Assets Under Management: Company now offers 37 Canadian‑listed ETFs with approximately $250 million AUM.

Notable Quotes

“LongPoint is proudly a Canadian ETF company, and for the first time, we’ve introduced double‑leveraged single‑stock ETFs linked to actively traded Canadian equities,” – Steve Hawkins, CEO
“Our team brings over 70 years of combined ETF experience… designed these Savvy ETFs as specific tools for knowledgeable, sophisticated Canadian investors.”