U.S. market were cool today and having its weakest week so far in 2019. We need a little pause after a great run in America, while the TSX is outperforming them and holding at 16,000. If oil comes back, then Canada will really outperform. No, oil won't disappear in the next decade as soon advisors believe. Not at all. Europe will continue to have problems, lumping along, though Italy is a worry. Overall, Europe matters less and less in the big picture. Does Europe really affect us now? He's more interested in what happens in China, India, Korea and even Brazil. He's convinced there'll be a US-China deal and normal relations will return, though the Richardson canola oil ban is troubling. He feels the projections of growth in Canada are overstated; a rise in oil prices would help, of course.

The cannabis space Approach with great caution. The U.S. states and even federal may approve more cannabis use--and the U.S. market is far bigger than ours. Our cannabis stocks will likely go south. He would sell.

They expanded into western Canada and didn't do well, though earnings projections for this year and next promise increases. They're converting some stores to Freshco, a good move. This is a growth stock in a safe industry. Wishes the dividend were higher. It's a tough industry to be in. If you're worried about Alberta, then avoid this. EMP is making the right moves, though.

They just heard that their line 3 will be delayed to end-2020, a big setback. It's a solid utility and he expects line 3 will get built eventually.

Wait till after Brexit? Definitely. VIGI has a lot of British holdings. He's cautious about this ETF and is not adding to it. He hopes that saner heads will prevail and lead to a second Brexit vote and Britain will return to the EU, which he thinks will greatly benefit the UK.

(A Top Pick Feb 02/18, Down 17%) He's holding onto this, because they hold many off-shore European assets and they generate a lot of cash flow. A safe dividend. Under the same cloud as all Canadian oil stocks, though.

He doesn't see a downturn, but if there is then XGD isn't bad. He'd like to see more inflation, which is flat now. Until there's inflation or interest rates, he won't rush into gold. The junior gold producers are tricky to judge; he's had some problem with them.

The oil sector remains in limbo until this sector sees light at the end of the tunnel. If you own oil stocks, hold them, but don't add.