RBC Capital Markets analyst Bish Koziol made one change to the firm’s quantitatively based top 40 Canadian stock pick list, removing FirstService Corp. to add Trican Well Service Ltd.
The list results from a screen of all domestic stocks by value, price and earnings momentum, growth and predictability.
The stocks on the top 40 are now Imperial Oil Ltd, Pason Systems, Enerplus Corp., Canadian Natural Resources, Ovintiv Inc., Trican Well Service Ltd, Cenovus Energy, ARC Resources Ltd., Suncor Energy, Stella-Jones Inc., Teck Resources Ltd., Dundee Precious Metas, First Quantum Minerals, Labrador Iron Ore, Richelieu Hardware Ltd., Thomson Reuters Corp., Toromont Industries Ltd., Finning International Inc., TFI International Inc., Magna International Inc., Loblaw Companies Ltd., Metro Inc., North West Co. Ltd., EQB Inc., Intact Financial Corp., Great-West Lifeco, Fairfax Financial Holdings, TMX Group Ltd., IA Financial Corp., Bank of Montreal, Open Text Corp., Enghouse Systems Ltd., Celestica Inc., CGI Inc., Constellation Software Inc., Quebecor Inc. and Cogeco Communications Inc.