BUY

EMA-T vs. FTS-T. Both companies distribute electricity. He has more FTS-T than EMA-T. You are looking at the growth in the size of the pie as well as the configuration. Both get paid a regulated rate of return. FTS-T has a little more exposure than EMA-T. Both stocks have bounced off the bottom this year. You are going to get dividend growth come to both of these. They are both a very long term hold.

BUY

EMA-T vs. FTS-T. Both companies distribute electricity. He has more FTS-T than EMA-T. You are looking at the growth in the size of the pie as well as the configuration. Both get paid a regulated rate of return. FTS-T has a little more exposure than EMA-T. Both stocks have bounced off the bottom this year. You are going to get dividend growth come to both of these. They are both a very long term hold.

PARTIAL BUY
He owns it as a diversifier out of paper currency and into hard assets. It has a place in the portfolio. He suggests 2% only, however.
TOP PICK
It is his second largest position. They are one of the few global players and they have these off-shore wind sites, which is the big frontier in this. He thinks this is a good entry point into this company. It could be a goo take-over candidate and there should be good growth as well. (Analysts’ price target is $53.12)
TOP PICK
They are geared toward the re-opening of the economy. Quietly they are becoming an electric vehicle infrastructure company. Electric buses have a longer life than fossil fuel buses. (Analysts’ price target is $34.00)
TOP PICK
They have massive free cash flow. They have a long history of dividend increases. It is still cheap relative to where commodity prices could go. You want to average into it. (Analysts’ price target is $47.63)
COMMENT
Cyber security. The pipeline shut down due to a breach underscores the importance of cyber security. It is critical infrastructure, serving the whole East Coast, that was vulnerable and it will be even more important going forward.
COMMENT
Job numbers. Starting to see upward pressure on wages. The economic data and estimates used do not account for the dynamics of covid. As we re-open, the job picture will continue to get better. Inflation is often talked about in hand with employment and wage pressure. Paying people to stay at home is also hurting a bit on job growth.
COMMENT
$1.3T of new bond supply. There is a deficit of $600B in new bonds. We did not have this last quarter. Now we have $600B being sucked out of liquidity. Liquidity has boosted markets and it can deflate markets when it changes currents. There will be some challenges in the next few quarters.
COMMENT

ZMT has been a holding since mid last year. It has steel, aluminum, copper and other base metal mining holdings. The infrastructure re-building will see steel playing a big part. REMX focuses in rare earths. Would go with the larger base metal play than just base metals.

COMMENT

ZMT has been a holding since mid last year. It has steel, aluminum, copper and other base metal mining holdings. The infrastructure re-building will see steel playing a big part. REMX focuses in rare earths. Would go with the larger base metal play than just base metals.

COMMENT

RBNK is a rather newer ETF that is weighted by the yield of the banks. You get extra yield in CIBC, RBC and Scotia which would be weighted a little more. HCA uses a mean reversion that overweights some that have underperformed and under-weights some that have out performed.

COMMENT

RBNK is a rather newer ETF that is weighted by the yield of the banks. You get extra yield in CIBC, RBC and Scotia which would be weighted a little more. HCA uses a mean reversion that overweights some that have underperformed and under-weights some that have out performed.

COMMENT

ZPAY is a US based dollar holding. When CAD becomes strong, you lose money holding a US asset. The move down is largely the CAD trading higher.

COMMENT
Currency exposure is a big factor when investing globally. You must factor in the currency impact. The currency accounts for 15% of the exposure. The CAD has gone a lot further than he has thought. There is a global sentiment that the USD will get weaker relative to other currencies.