There are four changes to RBC Capital Markets quantitatively driven top 40 list of Canadian stock picks. Enerplus Corp. and First Quantum Minerals Ltd. have been added, while CI Financial Corp. and Ritchie Brothers Auctioneers Inc. were removed,
“Our Canada Overall Top 40 declined 2.4 per cent last month; however, the Portfolio outperformed the 3.2-per-cent drop of the S&P/TSX Composite. Year-to-date the Portfolio has gained 4.8 per cent compared to the 0.1-per-cent gain of the S&P/TSX Composite. The drop last month was primarily attributable to declines in the Financials and Communication Services groups. Both additions this month realized improved Value and Momentum scores, while the deletions had worsening Predictability ranks”
The remaining names in the portfolio are Imperial Oil Ltd, Ovintiv Inc., Suncor Energy Inc., Canadian Natural Resources Ltd., Pason Systems Inc., ARC Resources, Stella-Jones Inc., Labrador Iron Ore Royalty Corp., Dundee Precious Metals Inc., CCL Industries Inc., Richelieu Hardware Ltd., Toromont Industries Ltd., Thomson Reuters Corp., Finning International Inc., TFI International Inc., Magna International Inc., Metro. Inc., Loblaw Companies Ltd., North West Co. Ltd., Great-West Lifeco Inc., Equitable Group Inc., Intact Financial Corp., Bank Of Montreal, IA Financial Corp., TMX Group Ltd., Bank Of Nova Scotia, Fairfax Financial Holdings, Open Text Corp., Enghouse Systems Ltd., Celestica Inc., CGI Inc., Constellation Software Inc., Quebecor Inc., Cogeco Communications Inc., Roqers Communications Inc., TransAlta Corp. and FirstService Corp.