RBC Capital Markets analyst Bish Koziol made six changes to his quantitatively driven top 40 list of Canadian stocks.
ATS Corp., Teck Resources Ltd. and CGI Inc. are out, CCL Industries Inc., Suncor Energy Inc. and AGF Management Ltd. are in,
“Our Canada Overall Top 40 portfolio fell 1.6 per cent last month, though it outperformed the S&P /TSX Composite‘s 1.8-per-cent loss . Year-to -date the Portfolio advanced 6.2 per cent compared to the benchmark ‘s 4.7-per-cent rise. The performance last month was attributable to headwinds from Information Technology and Communication Services”
The list now is Imperial Oil Ltd, Pason Systems Inc., Canadian Natural Resources Ltd., Ovintiv Inc., Enerplus Corp., Trican Well Service Ltd., Suncor Energy Inc., Cenovus Energy Inc., Stella-Jones Inc., CCL Industries Inc., Labrador Iron Ore Royalty Corp., Toromont Industries Ltd., Thomson Reuters Corp., TFI International Inc., Richelieu Hardware Ltd., Finning International Inc., Ritchie Bros. Auctioneers Inc., Exchange Income Corp., Metro Inc., Loblaw Companies Ltd., North West Co. Inc., EQB Inc., Fairfax Financial Holdings Ltd., Bank of Montreal, Intact Financial Corporation, TMX Group Ltd., AGF Management Limited, Great-West Lifeco Inc., Bank of Nova Scotia, Toronto-Dominion Bank, Open Text Corp., Celestica Inc., Constellation Software Inc., Enghouse Systems Limited, Quebecor Inc., Cogeco Communications Inc., Rogers Communications Inc., Altagas Ltd. and TransAlta Ltd.