RBC Top 40 RBC Capital Markets strategist Bish Koziol made a five changes to the firm’s “Canada Overall Top 40″ portfolio of stock picks,
“Our Canada Overall Top 40 gained 1.8% last month, versus the S&P/TSX Composite gain of 2.9%. Communication Services and Staples were top the sectors in the portfolio. With two deletions this month, the model reduced its Industrial weighting to 12.5%. All deletions to the model portfolio realized worsening Overall QuaDS scores”
There are five additions to the portfolio this month – IA Financial Corp., TD Bank, Wheaton Precious Metals Corp., TransAlta Corp and Tourmaline Oil Corp. Deleted are Northland Power, Stantec Inc., Waste Connections Inc., Keyera Corp. and Gildan Activewear.