Q: I was thinking of buying some Stantec (STN) shares. However, I already own WSP. Are they too similar to own both? Thanks
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Investment Q&A
Not investment advice or solicitation to buy/sell securities. Do your own due diligence and/or consult an advisor.
Q: Could you please comment on the acquisition announced by WSP Global of Ricardo, UK for a total price over $500 mln.
For now, it appears that Co has also secured a Loan to finance the deal, but would you rule out an equity offer, in the near term ?
Thank You
For now, it appears that Co has also secured a Loan to finance the deal, but would you rule out an equity offer, in the near term ?
Thank You
Q: Sorry, still trying to figure out if Today's $10 drop presents an opportunity to add some shares.
In your view, today's sell off is not acquisition related. If so, why would stock be down a bunch, in an otherwise stable market, when its peers, which are also up YTD as well over 12 months, are trading as if business is usual. It looks weird !!
Would you have an idea, what is the cost of the Lexica deal and if there is a possibility that WSP may be considering a secondary offering to finance the deal ?
Thank You
In your view, today's sell off is not acquisition related. If so, why would stock be down a bunch, in an otherwise stable market, when its peers, which are also up YTD as well over 12 months, are trading as if business is usual. It looks weird !!
Would you have an idea, what is the cost of the Lexica deal and if there is a possibility that WSP may be considering a secondary offering to finance the deal ?
Thank You
Q: Thoughts about their latest acquisition? It seemed a little bit outside of their core business
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Toronto-Dominion Bank (The) (TD)
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Bank of Nova Scotia (The) (BNS)
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CGI Inc. Class A Subordinate Voting Shares (GIB.A)
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Constellation Software Inc. (CSU)
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Dollarama Inc. (DOL)
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Intact Financial Corporation (IFC)
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WSP Global Inc. (WSP)
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Stantec Inc. (STN)
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Descartes Systems Group Inc. (The) (DSG)
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FirstService Corporation (FSV)
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Toromont Industries Ltd. (TIH)
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Thomson Reuters Corporation (TRI)
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Shopify Inc. Class A Subordinate Voting Shares (SHOP)
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goeasy Ltd. (GSY)
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EQB Inc. (EQB)
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Propel Holdings Inc. (PRL)
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Brookfield Corporation Class A Limited Voting Shares (BN)
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Brookfield Asset Management Ltd. Class A Limited Voting Shares (BAM)
Q: Which names in the Growth and Balanced portfolios respectively do feel best about currently for a 3-5 year hold? Any related sector comments?
With thanks.
With thanks.
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Martin Marietta Materials Inc. (MLM)
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WSP Global Inc. (WSP)
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Stantec Inc. (STN)
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Brookfield Infrastructure Partners L.P. (BIP.UN)
Q: Good morning.
Im considering adding bip.un to my income portfolio.
Could I have your thoughts on it.
Would this be a ok entry price.
Please provide a couple other stocks you would also consider comparable
Thanks Steve.
Im considering adding bip.un to my income portfolio.
Could I have your thoughts on it.
Would this be a ok entry price.
Please provide a couple other stocks you would also consider comparable
Thanks Steve.
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Alphabet Inc. (GOOG)
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Intuitive Surgical Inc. (ISRG)
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NVIDIA Corporation (NVDA)
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Booking Holdings Inc. (BKNG)
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Constellation Software Inc. (CSU)
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WSP Global Inc. (WSP)
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FirstService Corporation (FSV)
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Shopify Inc. Class A Subordinate Voting Shares (SHOP)
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Axon Enterprise Inc. (AXON)
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Thomson Reuters Corp (TRI)
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Berkshire Hathaway Inc. (BRK.B)
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Brookfield Corporation Class A Limited Voting Shares (BN)
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Lumine Group Inc. (LMN)
Q: Hello 5i Team, I'm quite overweight CSU and was thinking about trimming some (or lots). I've held CSU since 2014 and think it might be time to reduce my exposure. If you were given a blank sheet and could pick 5 quality US and 5 quality Canadian names; which would they be?
Thank you Brent
Thank you Brent
Q: Could you please provide earning estimates for Atkins Realis.
What would be your preference between ATRL and WSP and why ?
Thank You
What would be your preference between ATRL and WSP and why ?
Thank You
Q: Could you please comment on WSP Global earnings. Thank You
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WSP Global Inc. (WSP)
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Shopify Inc. Class A Subordinate Voting Shares (SHOP)
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Propel Holdings Inc. (PRL)
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Brookfield Corporation Class A Limited Voting Shares (BN)
Q: What are the street estimates for PRL, WSP, IFC and SHOP ? Thank You
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Bank of Nova Scotia (The) (BNS)
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Canadian Natural Resources Limited (CNQ)
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Great-West Lifeco Inc. (GWO)
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CGI Inc. Class A Subordinate Voting Shares (GIB.A)
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Constellation Software Inc. (CSU)
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Intact Financial Corporation (IFC)
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Canadian Utilities Limited Class A Non-Voting Shares (CU)
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Peyto Exploration & Development Corp. (PEY)
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WSP Global Inc. (WSP)
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Northland Power Inc. (NPI)
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FirstService Corporation (FSV)
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Toromont Industries Ltd. (TIH)
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Birchcliff Energy Ltd. (BIR)
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Thomson Reuters Corporation (TRI)
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Alimentation Couche-Tard Inc. (ATD)
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EQB Inc. (EQB)
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Olympia Financial Group Inc. (OLY)
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GFL Environmental Inc. subordinate voting shares (GFL)
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Topaz Energy Corp. (TPZ)
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Topicus.com Inc. (TOI)
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Propel Holdings Inc. (PRL)
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Brookfield Corporation Class A Limited Voting Shares (BN)
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Brookfield Asset Management Ltd. Class A Limited Voting Shares (BAM)
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Lumine Group Inc. (LMN)
Q: Hit "enter" to fast on my last question. Looking for some ideas with the understanding you can't offer direct recommendations. I have 40 K to add to my non-reg account. I have full positions in all the pipelines, OLY, GWO, BNS, CU, NPI, BIR, PEY, TPZ, CNQ, PRL and BMO. I have no need for any income for at least five years, not opposed to going overweight if necessary, have lots of higher yielders so would perhaps benefit from some choices with capital gain and dividend growth potential versus just high yield.
Q: As a longtime holder of BNS representing 8% of my cash account (4 % total accounts ) with banks representing 30 % of total portfolios, I am getting impatient waiting for the new President to make his mark. With TFII suffering from tariff malaise and WSP dropping because of a sale of shares by the Caisse , I see this as an opportunity to get into these 2 growthier stocks. I can live with the resulting drop in dividend income. I would have a loss on BNS.
Would you make the trade or hold on to BNS ?
Thanks. Derek
Would you make the trade or hold on to BNS ?
Thanks. Derek
Q: Which is you're preference at this time for a new position in an RRSP ? Thank you.
Q: Any reason for big sale on Wsp? Is there any reason not to add to it. I have a very small position in NVO . Which has become smaller..is there any reason to add to it?or would you consider selling it and buying Lly instead. Thanks. Shyam
Q: If CDPQ continues to own 14%, after sale of 1.6% interest and still being the largest shareholder of WSP Global, would you consider the 4% drop as a nice opportunity to add ?
Thank You
Thank You
Q: Announced yesterday that a large holder of WSP is divesting a significant chunk of shares but will still hold a very large position. This is probably rebalancing their portfolio but what impact if any will this have going forward. Price today is down $9.
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Canadian Natural Resources Limited (CNQ)
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Loblaw Companies Limited (L)
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CGI Inc. Class A Subordinate Voting Shares (GIB.A)
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Constellation Software Inc. (CSU)
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Tourmaline Oil Corp. (TOU)
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WSP Global Inc. (WSP)
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Stella-Jones Inc. (SJ)
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TerraVest Industries Inc. (TVK)
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Brookfield Asset Management Ltd. Class A Limited Voting Shares (BAM)
Q: hi 5i. sorry for the number of equities in this. you seem to like all (most?) of these companies. I have none of these in my portfolio, but have been trying to get in at lower prices. can you please rank as buy, sell, or hold. can you flag any that you have more concern with re the uncertain investing markets right now ie any to totally avoid? could you give a price point at which you would be buyers of the equities.
cheers and thanks, Chris
cheers and thanks, Chris
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WSP Global Inc. (WSP)
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Stantec Inc. (STN)
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Mattr Corp. (MATR)
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Aecon Group Inc. (ARE)
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Russel Metals Inc. (RUS)
Q: Assuming Canada invests on infrastructure projects in order to support its natural resource sector to reach other than US markets, which cos do you recommend (plse refrain from suggesting BN and affiliates as I am not a fan) - thx
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Rogers Communications Inc. Class B Non-voting Shares (RCI.B)
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Bombardier Inc. Class B Subordinate Voting Shares (BBD.B)
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WSP Global Inc. (WSP)
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CAE Inc. (CAE)
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Capital Power Corporation (CPX)
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Quebecor Inc. Class B Subordinate Voting Shares (QBR.B)
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Aecon Group Inc. (ARE)
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Badger Infrastructure Solutions Ltd. (BDGI)
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Extendicare Inc. (EXE)
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Russel Metals Inc. (RUS)
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Thomson Reuters Corporation (TRI)
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Acadian Timber Corp. (ADN)
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Bird Construction Inc. (BDT)
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Magellan Aerospace Corporation (MAL)
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Firan Technology Group Corporation (FTG)
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Stingray Group Inc. Subordinate Voting Shares (RAY.A)
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Tree Island Steel Ltd. (TSL)
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Boralex Inc. Class A Shares (BLX)
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Kraken Robotics Inc. (PNG)
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Jamieson Wellness Inc. (JWEL)
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Zedcor Inc. (ZDC)
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Vitalhub Corp. (VHI)
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Dye & Durham Limited (DND)
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West Fraser Timber Co. Ltd. (WFG)
Q: Hello 5i,
There have been many negative questions regarding Tariffs and other non-Canadian officials. Wondering if it makes sense to look to those Canadian companies that would benefit from the upcoming April 28, 2025 event results.
Following is my list of questions for you please feel free to take as many credits as you require since I typically dont use many.
The clear winner looks to be BAM/BN/BIP/BEP with the massive housing & project build plans. Some housing build plans look to be well beyond anything the private sector has ever seen. Outside of investing in BAM/BN/BIP/BEP are there any other companies that will experience increased growth rates? Perhaps Canadian Only Lumber Companies, Steel, etc. Being careful to ensure the industrial carbon tax doesnt offset any building growth rates.
Looks like major projects are going to be built to save the country from the tariffs. Assuming these are going to be non-conventional energy would the companies such as BAM/BN/BIP/BEP/WSP, benefit the most? Are there any other companies to start looking at? Perhaps carbon capture companies?
I wonder if there are any areas of benefactors increasing/decreasing the amount of tax havens in Canada? There are a fair number of mid/small companies that could setup a beneficial tax structure and become more profitable. My experience with setting up offshore structures is that there are setup/dismantle/maintenance costs with Lawyers and Accountants but perhaps other benefactors are investable. Are there any publicly traded Accounting or Legal companies to start watching?
With proposed additional spend to media companies are there any benefactors? Will BCE benefit from the overall plan? Are there companies worth looking at in the media sector?
With the additional military spend are there any companies in Canada to invest in? I have a small position in MAL which could benefit from Canada built fighter jets. Is BBD.B a good one to look at?
After reviewing the proposed firearm buyback pricing list, the overall program looks to be worth ~$2B in 2025 for Canadians. My question is could there be benefactors to this spend? Maybe ~$2B is not enough to stimulate the economy considering the current spending levels but it reminds me of a COVID-like spend bump. Assuming a large portion of the funds will be redistributed back into the economy.
Health care seems to be getting an increased focus compounded with the buy Canada therefore are there any pure Canadian pharmaceutical/healthcare companies that will benefit? I have a SIS position that I could add to if they are going to be benefactors. Are there any companies that provide safe site vending machines or building structures?
There have been many negative questions regarding Tariffs and other non-Canadian officials. Wondering if it makes sense to look to those Canadian companies that would benefit from the upcoming April 28, 2025 event results.
Following is my list of questions for you please feel free to take as many credits as you require since I typically dont use many.
The clear winner looks to be BAM/BN/BIP/BEP with the massive housing & project build plans. Some housing build plans look to be well beyond anything the private sector has ever seen. Outside of investing in BAM/BN/BIP/BEP are there any other companies that will experience increased growth rates? Perhaps Canadian Only Lumber Companies, Steel, etc. Being careful to ensure the industrial carbon tax doesnt offset any building growth rates.
Looks like major projects are going to be built to save the country from the tariffs. Assuming these are going to be non-conventional energy would the companies such as BAM/BN/BIP/BEP/WSP, benefit the most? Are there any other companies to start looking at? Perhaps carbon capture companies?
I wonder if there are any areas of benefactors increasing/decreasing the amount of tax havens in Canada? There are a fair number of mid/small companies that could setup a beneficial tax structure and become more profitable. My experience with setting up offshore structures is that there are setup/dismantle/maintenance costs with Lawyers and Accountants but perhaps other benefactors are investable. Are there any publicly traded Accounting or Legal companies to start watching?
With proposed additional spend to media companies are there any benefactors? Will BCE benefit from the overall plan? Are there companies worth looking at in the media sector?
With the additional military spend are there any companies in Canada to invest in? I have a small position in MAL which could benefit from Canada built fighter jets. Is BBD.B a good one to look at?
After reviewing the proposed firearm buyback pricing list, the overall program looks to be worth ~$2B in 2025 for Canadians. My question is could there be benefactors to this spend? Maybe ~$2B is not enough to stimulate the economy considering the current spending levels but it reminds me of a COVID-like spend bump. Assuming a large portion of the funds will be redistributed back into the economy.
Health care seems to be getting an increased focus compounded with the buy Canada therefore are there any pure Canadian pharmaceutical/healthcare companies that will benefit? I have a SIS position that I could add to if they are going to be benefactors. Are there any companies that provide safe site vending machines or building structures?
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Broadcom Inc. (AVGO)
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Intuitive Surgical Inc. (ISRG)
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Procter & Gamble Company (The) (PG)
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Prudential Financial Inc. (PRU)
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Canadian National Railway Company (CNR)
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Canadian Natural Resources Limited (CNQ)
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WSP Global Inc. (WSP)
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Thomson Reuters Corporation (TRI)
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Nutrien Ltd. (NTR)
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Trane Technologies plc (TT)
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Brookfield Corporation Class A Limited Voting Shares (BN)
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Brookfield Asset Management Ltd. Class A Limited Voting Shares (BAM)
Q: Retired investor with RIF and pension income looking to deploy capital to generate growth (moderate risk) and income. Please provide 5 companies each in the US and Canada to investigate further for investment soon. Canadian banks and utilities owned, so please exclude those.