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                             Loblaw Companies Limited (L $55.48) Loblaw Companies Limited (L $55.48)
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                             Dollarama Inc. (DOL $183.07) Dollarama Inc. (DOL $183.07)
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                             Gildan Activewear Inc. (GIL $81.84) Gildan Activewear Inc. (GIL $81.84)
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                             Alimentation Couche-Tard Inc. (ATD $70.85) Alimentation Couche-Tard Inc. (ATD $70.85)
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                             Premium Brands Holdings Corporation (PBH $95.80) Premium Brands Holdings Corporation (PBH $95.80)
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                             Aritzia Inc. Subordinate Voting Shares (ATZ $97.49) Aritzia Inc. Subordinate Voting Shares (ATZ $97.49)
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                             Consumer Staples Select Sector SPDR (XLP $76.12) Consumer Staples Select Sector SPDR (XLP $76.12)
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                             Consumer Discretionary Select Sector SPDR (XLY $239.61) Consumer Discretionary Select Sector SPDR (XLY $239.61)
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                             Groupe Dynamite Inc. Subordinate voting shares (GRGD $68.49) Groupe Dynamite Inc. Subordinate voting shares (GRGD $68.49)
            Q: I have very limited to zero holdings in Consumer Defensive and Cyclical. Could you explain the difference between Defensive and Cyclical and recommend how best to invest, either individual stocks or ETF.
Many thanks,
Ralph
    Many thanks,
Ralph
 
                             
                             
                    