Market Outlook From a macro market perspective the US election has been a blessing. Under the Trump Administration being a global investor has been tough. s of arbitrary policies. Gridlock is good for the markets. In December the Fed is going to increase the rate, cased on the metrics they are seeing. But the rate increases has to be moderate because if the US starts to suck up too much global liquidity from the markets, countries start to defend their currencies. Some countries are down 50%. Thailand looks very interesting. He would stay away from Brazil and Turkey. There are opportunities in EM but maybe it is a little too early.

Dutch based company. Revenues are down like 75%. One of the challenges is that the Dutch can lock their mortgages for 30 years. It hurts in a raising interest rate environment.

Great franchise. Canadian Banks in general did well during the Financial Crisis so naturally they trade at a premium. Good exposure to the US. He feels there are more value in other places like European Financials.

A mature tech company. He is concerned about the valuation. Great company did a turn to the cloud. It had a very good run.

(A Top Pick Oct 13/17, Down 15%) The franchise is still good. The fact that they have operations in Europe and Asia affected them from a fund flow perspective. This is a solid bank.

(A Top Pick Oct 13/17, Down 4%) More cash than debt. Pays a spacial dividend from time to time. One of the largest elevator companies in the world. Great balance sheet. They could be buying the german Thiessen Group Elevator business. That could be a catalyst for upside. Great long term hold.

Is it a good idea to get tech companies from Canada and between Open Text (OTEX-T) vs CGI Group Inc. (GIB.A-T), which one you prefer? if you long term track record of Open Text is a great story. CGI is also a great story. He prefers open Text for the dividend.

Relatively small insurance company. Earnings haven`t been that great.