With a Canadian stock with global operations, one can generally allocate some portion of a position as international. ATD only has $8B of $72B in revenue in Canada, so we think it could be fully classified as international in one's portfolio. Still, at times 'Canadian' stocks can still move in tandem, regardless of where their business is, so it is not an exact art. We think MUSA is 'ok' but we do not like the momentum. ATD is larger, with a higher dividend and we think with more potential, and we would prefer it at only a slightly higher valuation.
5i Research Answer: