Robert Gill, senior vice president and portfolio manager at Goodreid Investment Counsel, discusses his top picks: Bank of Nova Scotia, CN Rail, and TD Bank.One of Canada’s big banks. It is unique in that ~40 per cent of their revenue is sourced from Central and South America. Shares have traded down due to softness in these markets, presenting a buying opportunity. New CEO Scott Thomson joined the firm recently with a mandate to restore growth.
CN Rail is a Class 1 transcontinental railway that transports lumber, grain, energy, and intermodal across North America. This is a high-quality company, with impressive profitability and a solid balance sheet. Shares traded down after their last earnings report presenting a good buying opportunity.TD is a very well run high-quality, blue-chip company. It has a strong brand, good business model and a solid balance sheet.