RBC Top 40RBC Capital Markets strategist Bish Koziol is removing Canadian Tire Co. Ltd. from the firm’s “QuaDS Score Top 40 List” of domestic stocks because of declining momentum and lack of transparency on earnings. He is adding CI Financial Corp. The stocks are chosen based on a multi-factor model measuring value, momentum, growth and earnings predictability.
The resulting list includes: Pason Systems, CES Energy Solutions, Imperial Oil Ltd., Keyera Corp., Prairiesky Royalty, Stella-Jones, CCL Industries, Labrador Iron Ore Royalty, Richelieu Hardware, Ritchie Bros. Engineers, Stantec, TFI International, Thomson Reuters, Toromont Industries, Canadian National Railway, Waste Connections Inc., WSP Global Inc., Dollarama Inc., Restaurant Brands International, Metro Inc., Loblaw Companies, North West Company, Empire Co., Great-West Lifeco, TMX Group, National Bank, Bank of Montreal, Intact Financial, Bank of Nova Scotia, TD Bank, Open Text Co., Celestica Inc., Descartes Systems Group, CGI inc., Rogers Communications, Quebecor Inc., Northland Power Inc., and Firstservice Corp.