Market. Not uncommon this late in the cycle to see this type of volatility.  Gives investors an opportunity to buy some of the stocks that were hit hard.  Seeing a shift from tech into utilities and more defensive names.  He doesn’t see a case for recession until 2020. He is long on equities, probably more in growth and cyclical.  TSX is down 8% year to date.  We have lost a little competitiveness.  There are still a lot of good companies in Canada whether it is financials or utilities.  Was probably a good year to hold more cash.  If you are a long term investment, it is just a blip on what should be a longer term up.

Is tied to housing starts and home prices.  Possibly a combination of NAFTA and slower housing starts in the US, has caused it to come down significantly.  Probably a good time to look at it at these levels.  Is a high risk stock.  There is potential to risk capital with this name.

The market does not give them value for their assets and therefore the stock normally trades below its net asset value.   The dividend yield is strong.  The space is strong.  He would look more at Manulife or Sunlife.  The yield is very safe.  Does not expect major upside in the stock price.

CNR vs CPR. He likes both CNR and CPR.  They are bell weathers on the Canadian economy.  There are high barriers to entry.  It is an oligopoly between the 2 names.  You can buy now and likely see double digit increase.  With the recent pullback, a good entry point. 

Government commented that Canada is operating at near capacity? Economy is not yet firing on all cylinders. We are seeing some economic growth but not as strong as it should be. Seems to be a tale of 2 countries between the east and the west provinces. With respect to energy, we are over supplied and cannot get our product to market. He would look at companies that have some refinery capacity in the energy sector. He would just have a small or building position in the energy sector.

(A top pick October 25/17, up 10%) Name changed when they amalgamated with other restaurant brands. He likes this space. Consumer spending in this space is high. At this point, he would look at diversifying out of this and buying some other names that are down 15 or 20%.

This name is quite volatile.  Would prefer to buy it when it is back on the upswing.  This is probably the only mining name he would own in Canada.  It is well run with a diverse asset base.  It is probably oversold at current levels.  He likes the company and the space.

One of the few tech names in Canada that is a good name to own. There is a lot of uncertainty. I think you will continue to see a lot of volatility. Over the last while it has been marijuana based and their system has held up well for the demand. He is looking at US companies in the teck sector such as Apple or Microsoft. He would look elsewhere in this space.