Stock price when the opinion was issued
Continues to look at the US market in a bullish sense. We have low energy costs and low interest rates. What is not to like out there. He is Bullish on the US and sees that there will be wage demands and a little bit of inflation. That recovery is going to continue throughout the economy. This also drills down into mid-caps and small-caps, so it is a much more broad coverage.
Likes this. It is hedged against a decline in the US$. He has been buying it, but in US dollars, but also has a large position that is hedged with iShares S&P 500 Cdn Hedged (XSP-T).