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Financials. Likes Canadian financials, particularly because we have a new Central Bank Chairman. Our banks have done pretty well on their bottom lines. They are up 50% or more since before the crash and stocks really weren’t any higher by July. New Central Bank governor came in and has totally changed the tone of how easy our monetary policy is. This is very positive for financials.

Unknown
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Energy. There are a lot of refineries in the US that want Canadian oil, especially the heavy stuff. They are trucking it, railing it, etc. Doesn’t know if Keystone XL will get approved or not but they are finding ways around this. She is seeing that the backlog is starting to drain. Just on that alone, she bullish on Canadian equities.

Unknown
COMMENT

They move stuff around, primarily oil and oil based products. Do well when oil prices go up and people drill a lot. Likes this space. Company is well managed compared to other stocks but is very product specific to just oil. She prefers Horizon North Logistics (HNL-T), which is a similar backdrop but with a wider scope with setting up camps for oil, natural gas, LNG products, potash mines and mining in general.

Transportation
BUY

Sets up camps for oil, natural gas, LNG products, potash mines and mining in general.

Transportation
BUY

Continues to like this. Did a stock split, which is a good sign for companies. Really well managed company. Sees continued efficiencies but the macro picture, which is why she owns it, is very positive. You have not just economic activity increasing, but there are new uses for the rail lines, including the shipping of crude.

Transportation
COMMENT

This is kind of a bucket of exposure, so you get your life insurance (Great West Life (GWO-T)) and an asset management arm (Investors Group). There tends to be a discount because it’s a conglomerate. She prefers individual plays such as CI Financial(CIX-T) and Manulife (MFC-T). Gives you the same macro reasons in the same space but a pure play has more upside.

finance / leasing
BUY

Has exposure to the US and a recovering US market with their recent acquisitions. Stellar management team. Even though they are up, they can continue to consolidate and these are the kind of consolidations you want to buy.

banks