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Market. He is well under weight in the base metals and materials and is glad for it. The US dollar has been the place for investors instead of precious metals. Cannabis stocks are in favour, but the recent proposal of Constellation Brands to take over Canopy Growth would likely require the US markets will become open in the next 3-4 years to make the valuation make sense. The investment would be worth $10 billion and he is not sure how successful it would be.

Altagas versus Vermillion. VET-T is oil with some exposure into France and a little expensive. ALA-T has been beat down on the recent acquisition in Washington. Depending on your outlook on energy, ALA-T will act more defensively. But if you believe in $100 WTI, then he would go with VET-T.

Altagas versus Vermillion. VET-T is oil with some exposure into France and a little expensive. ALA-T has been beat down on the recent acquisition in Washington. Depending on your outlook on energy, ALA-T will act more defensively. But if you believe in $100 WTI, then he would go with VET-T.

Gold. Gold has been weak, because of the strength of the US dollar. People are not looking at it as a store of value anymore. He no longer thinks it is the safe haven for recessions or other economic catastrophes like it was in the past.

He likes this and has had it as a previous Top Pick. If interest rates go up, he thinks they will be able to maintain dividend growth to match any rise in rates. He would be a buyer here.

It is split between Canada and international markets including Chile, Mexico and the Philippines. He likes that diversification. The stock price is still recovering from a recent $1.5 billion acquisition. He thinks it is a buying opportunity at a level less than $80.

He is worried about tariffs and NAFTA issues. They recently reported earnings that caused a hit to the stock price. He suspects in the next 2-3 months the stock might recover, but he is worried about trade issues globally.

He does not own any Canadian retailers. He thinks it is actually one of Canada’s better retailers. The multiple is not particularly cheap and he personally favours purchasing on Amazon instead. He would continue to hold if you own it.

One of the big three producers of cannabis, which combined have a $9 billion market cap. Most of his clients do not understand this space. He is expecting a pullback in October once the reality of legalization hits home. The valuations are so high on projected earnings and thinks he may need to wait until 2019 to be a buyer.

A heavy oil producer that still has leverage on the balance sheet. He would look elsewhere, unless you think WTI is going to $100.

He does not own anything in this space. The company is well run, but finds the business difficult with constant pressure on margins on several fronts. If it had a 5% dividend it might make sense to own and hold. There is better choices out there.

The strategy to build into block chain in Korea and bring it back to Canada could be a good one – not knowing the exact specifics. You want exposure to the big players and you know it will become material when the chartered banks have departments now focusing on the new payment technology.

This is not his favorite pipeline, because today with exposure to heavy oil, Alberta and only into the US Midwest it is limiting growth. He is okay on the space, but would look to another company.

Shareholders are having to decide to wait for the BIP-T shares after the recent acquisition or sell near the $29 offering price – should they wait? He thinks the market is clearly expecting the deal to proceed. This offers investors less downside and more upside. He would recommending waiting for the conversion and taking the BIP-T shares.

Analysts had the new entity valued around $72. He thinks the forward outlook remains mixed. He would be a holder at best at this point. He thinks there will be the chance to repurchase in the mid-$60s in the next six months.