80% is income funds. Income trusts have been extremely strong. 20/25% is in common stock for growth.

Accounting was suspect due to new software reporting problems. A lot of new container ships are coming on the market, so competition will be stronger.

Has been dead money over the last while. New management has been cleaning house and refocusing on their core operations. Have to decide on Globe Media. Has free cash flow to more than cover the dividend. Good upside on the dividend.

A great dividend paying stock. They run a nuclear power plant and have just purchased a large amount of generating equipment. Not a huge growth story, but yield is around 4%.

Main driver in this company is the price of uranium. Uranium stock pile has decreased. Looks reasonably attractive.

Has a P/E around 10. A deep cyclical based on steel. Earnings would drop id if sgteel prices drop. Nice yield.

(A Top Pick July 23/04. Up 4%.) Still his favourite among the banks, but pairs it with Bank od Nova Scotia as CIBC is more volatile and BNS more stable.