RBC Adds KEY RBC analyst Bish Koziol made eight changes to his quantitatively driven Top 40 list, removing Ritchie Brothers Auctioneers Inc., Constellation Software Inc., EQB Inc. and Thomson Reuters Corp. in favour of Canadian Imperial Bank of Commerce, IA Financial Corp., Linamar Corp., and Keyera Corp.,
“Our Canada Overall Top 40 Portfolio rose 1 . 9 % last month, compared to the S&P /TSX Composite ' s 2 . 8 % gain . Year -to -date the Portfolio advanced 8.2 % versus the benchmark ' s 7.6 % rise. T he Por tfolio ‘s performance last month was primarily attributable to Energy names in the Top 40 . Three of the four Buys this month realized improving Growth score s while the same number of Sells saw their Value and Growth ranks decline”
The list as it stands is now Imperial Oil Ltd., Pason Systems Inc., Cenovus Energy Inc., Suncor Energy Inc., Ovintiv Inc., Canadian Natural Resources, Trican Well Service Ltd., Enerplus Corp., Stella-Jones Inc., Labrador Iron Ore Royalty Corp., CCL Industries Inc., Exchange Income Corporation, Finning International Inc., Toromont Industries Ltd., Richelieu Hardware Ltd., TFI International Inc., Linamar Corp., Metro Inc. Loblaw Companies Ltd., North West Company Inc., Fairfax Financial Holdings Ltd., Canadian Imperial Bank of Commerce, IA Financial Corporation Inc., AGF Management Ltd., Intact Financial Corp., Great-West Lifco Inc., Bank of Montreal, Bank of Nova Scotia, TMX Group Ltd., Toronto-Dominion Bank, Open Text Corp., Enghouse Systems Ltd., Celestica Inc., Quebecor. Inc., Cogeco Communications Inc., Rogers Communications Inc., TransAlta Corporation Ltd and Altagas Ltd.