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WSP Global Inc. (WSP $220.59)
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TFI International Inc. (TFII $158.44)
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Thomson Reuters Corporation (TRI $126.16)
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Brookfield Corporation Class A Limited Voting Shares (BN $56.72)
Q: Having wanting to diversify from my non registered account of mainly banks, utilities and pipelines, I have followed these 4 stocks for quite sometime. Bought BN ( up ) a year ago and WSP just recently; both half positions. Now is too early for TRI as it is impossible to determine the winners and losers in the software AI issue besides I already own LMN ( down down ) in my TFSA. Based on management’s handling of previous downturns, I have TFII on the radar. Are there any large Canadian companies with international exposure you would suggest ? Should I just bring BN and WSP up to full position? I am looking at BIPC but would that be too much Brookfield ?
I stay away from oil and commodity companies.
Thanks . Derek
I stay away from oil and commodity companies.
Thanks . Derek
5i Research Answer:
We would be fine adding BIPC, though because of its dividend it may be a little bit less 'growthy' than some other choices. We like TFII as a recovery play in non-correlated sectors (to those listed in the question). We would be quite comfortable taking WSP and BN to full positions. PNG and CLS could also be suggested for this strategy.