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Concordia (CXR-T) or Valeant (VRX-T)? He wouldn’t pick either because whenever you have accounting irregularities, that never gets better, especially in Canada. This sector is under so much heat right now. The US president has really focused in on even legitimate drug companies and there is going to be a lot of scrutiny. doesn’t think either will survive.

Concordia (CXR-T) or Valeant (VRX-T)? He wouldn’t pick either because whenever you have accounting irregularities, that never gets better, especially in Canada. This sector is under so much heat right now. The US president has really focused in on even legitimate drug companies and there is going to be a lot of scrutiny. doesn’t think either will survive.

This does financial back offices for many, many companies globally. sold his holdings when they first had accounting issues. Once you lose control of your Book, you’ve lost control of everything.

Another great Canadian growth story. Thinks there is a demand for building out the infrastructure in North America, and a finished product manufacturer like this stands to benefit. The stock has had a big, long run. He still likes this very much.

Gold? Feels that gold in general is going to be an interesting play. The US$ has been the world reserve of currency, in part because the US was the leader in globalization. The US has decided to abdicate that role, and give it over to China, which is happy to take up the mantle. Whether there will be demand for the US$ like there has been in the past remains to be seen. Longer-term, gold could potentially return to be a store of value. There have been a number of factors depressing the price of gold, not the least of which is the currency crisis in India, the single biggest buyer of gold globally. He is expecting a rebound in gold prices between now and the end of the year. He likes gold stocks as a way to participate.

The absolute winner in the Canadian energy play. The stock has done very well and has not been hit like many of the others. They have the balance sheet, they have the assets, and they are in a position of either high energy prices or low energy prices to continue to build their company, and acquire good properties on the cheap. He still likes this.

Owns this in his Global Strategy funds as he feels it has seen the worst of its problems, and seems to be in a position now to actually deliver on the things it is supposed to deliver on. It has been well protected by the Canadian government. Feels it is in the right space at the right time with a significant potential to bounce back.

Computer consulting and services provider. Consulting is a big growth area. He likes this one in particular because they are exiting a lot of their lower margin contracts, so he expects a margin improvement over the next several months. They have been on the acquisition trail. (Analysts’ price target is $70.32.)

This does full truckloads as well as partial loads and e-commerce deliveries. It is in every facet of the delivery business. One of the leaders in its sector. Dividend yield of 2.15%. (Analysts’ price target is $34.89.)

As a printing business, they have been discounted because of their exposure to packaging. They have always had a historical low multiple, compared to their peers. While print is in decline, this company has done a very good job of stabilizing their income. Dividend yield of 3.34%. (Analysts’ price target is $21.19.)

Whitecap Resources (WCP-T) or Crescent Point (CPG-T)? Two different types of companies. This is more of a growth company paying a dividend, while Crescent Point is much more mature. It pays a fairly good dividend. This caught his attention lately and he has begun to look at. Very good balance sheet. They have capacity to bring on another $1.3 billion in debt. People are forecasting this is going to grow from 46,000 barrels a day, to something like 57,000. If you want more potential growth, this is probably not a bad way to go. Pays a very generous dividend.

Whitecap Resources (WCP-T) or Crescent Point (CPG-T)? Two different types of companies. Whitecap is more of a growth company paying a dividend, while Crescent Point is much more mature. CPG-T pays a fairly good dividend. They’ve amassed a great deal of property with a lot of drilling opportunities over the next number of years. He owns a little and is quite comfortable holding it as it has a good balance sheet. If looking for steady, long term prospects, this is probably the one you should stick with.

Believes this could still have some room to run. They have reached a point where a lot of their major CapX is behind them with a lot of mines now coming on stream. They had lagged the others for quite a while, and have just recently started to catch up. Prospects could be quite positive going forward.

He likes insurance companies right now. In an environment where we are more likely to see interest rates going up, insurance companies generally do very well. You want the ones that are geographically diversified and product diversified. All of them have really gone the other way for the last few years to de-risk their balance sheets and come up with more products that are less market sensitive. This one is a little bit pricier at the moment, but does pay over a 3% dividend. (See Top Picks.)

Gold? He has a little gold exposure. Likes to keep his exposure at 5%. In an era where we are running into such a huge amount of uncertainty, and there is a lot of worry in the world, gold tends to do very well. If he saw his gold stocks run up a lot more, he would probably be taking his profits.