Mackenzie Financial Corp Acquires 6.9% Passive Stake in Canadian Solar Inc.

On May 15, 2026, Mackenzie Financial Corporation filed a Schedule 13G with the SEC, disclosing a new significant ownership stake in Canadian Solar Inc. (CSIQ). As of the event date on March 31, 2026, the Toronto-based investment adviser reported beneficial ownership of 4,616,690 common shares, representing 6.9% of the company's total shares outstanding. This filing marks a substantial increase from a previous 0.0% position, indicating a new passive investment strategy. According to the filing, Mackenzie Financial Corporation holds sole voting and dispositive power over the entirety of these shares. The filing was made under Rule 13d-1(c), certifying that the securities were acquired in the ordinary course of business and not for the purpose of influencing or changing the control of the issuer. The total value of the holding is estimated at approximately $82.5 million based on the filing data. This move highlights Mackenzie Financial's growing interest in the renewable energy sector through Canadian Solar's operations.