Andrew Pink

The street is focused on the next rate cut--the bank decides tomorrow--which he thinks will happen in September. US election: either outcome looks positive for markets. Though Canadian June retail sales were not great, overall the economy is strong with a low unemployment rate. He doesn't see doom and gloom. Markets have run up so fast, that there may be a pullback in the second half of this year. The banks are leading the market to a soft landing. He's adding to rate-sensitive names in utilities and real estate (after slashing his exposure).

He missed this. It's done very well. Wider economic June retail sales were negative YOY, so he would take some money off the table and not put new money into this space.

Car loads were up 2% in Q2 YOY. He owns neither Canadian rail. Perhaps there are more goods being moved to anticipate Trump imposing tariffs if he wins. The rails will be stagnant for a while.

He's owned this in the past. It has done well. It comes down to consumer spending. He likes their long-term fundamentals. Also look at Parkland.

Smaller than ATD, but they have refining capacity to make it interesting, so they can send fuel to their locations. He has preferred PKI over ATD, but got out after the company replaced some executives with talk of M&A. He's watching it.

Oil has been weak in recent days over concerns of Chinese demand and stockpiles in the U.S. Kamala Harris could pressure oil companies as she has done in the past, so he's watching that. Most of the turbulence in oil is merely noise, but you can collect the dividend.

He owns 4 Canadian banks which are enjoying a tailwind from interest rates which will continue to decline. BNS wants to sell their Latin American assets and might re-deploy to the US. He's watching this and their new CEO. He's not drawn in by their big dividend.

Likes it and owned it for many years, but sold last spring to switch to Cenovus. Cenovus trades at a discount compared to some of its refining assets, even after they invested in those assets last year.

Cenovus trades at a discount compared to some of its refining assets, even after they invested in those assets last year. He sold Suncor to buy this last spring.

He held this for a long time until it fell out of favour and he shifted to Chemtrade.

Well-run. He owns the stock and debentures.

He buys gold only when there's a trade opportunity, like now. Geopolitical risk makes gold a flight to safety trade. The US dollar will likely roll over as the Fed cuts interest rates. Gold stocks are undervalued. This ETF is diversified, led by Newmont.

Likes their valuation compared to the other integrated oils. They fixed refining problems from 2023 and their debt has been falling. The will shift from paying shareholders 50% of their free cash flow to 100%, maybe in Q2.

Falling interest rates makes dividend stocks like this attractive. Also, the populating is aging and will need retirement residences, which are undersupplied. CSH's occupancy rate is high-80's% and he predicts around 95% in a year. They pay a near 5% dividend yield and have growth as they build 3-4 homes.

He likes the industrial space. GRT is positioned well between the US, Europe and Canada, so they can grow anywhere there. Likes management.