Q: Hello, I need to reduce my financials and beef up my industrials and materials. I own TD, RY and SLF, and will trim reluctantly as they have all done well for me over the years. I already have TFII, ATS, and NTR. What would you suggest for Industrials and materials. Add to existing or add new companies? As a retired sort, I prefer Canadian stocks eligible for the Dividend Tax Credit but iI am underweight the US so f you have much better US suggestions please advise.
Many thanks
Many thanks
5i Research Answer:
We would be comfortable adding to ATS and TFII, and would suggest WSP as well. For materials we would suggest AEM and CCO for some diversification. For these sectors we would be comfortable staying in Canada.