Dividend growth stocks were the only outperforming group in August: BMO strategist

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Daily roundup of research and analysis from The Globe and Mail’s market strategist Scott Barlow

BMO chief investment strategist Brian Belski reported that the stocks from his dividend growth screen were the only group he tracks that outperformed the S&P/TSX Composite in August.

The “outperform”-rated stocks on the dividend growth list are Alimentation Couche-Tard, Boardwalk REIT, Boyd Group Services, CCL industries, Colliers international Group, Canadian Pacific Kansas City Ltd., Constellation Software, Cenovus Energy, Dollarama, BRP Inc., Enerplus Corp., First Quantum Minerals, IA Financial Corp., Imperial Oil, Linamar Corp., Methanex Corp., Nutrien Ltd., Pason Systems, Parex Resources, Secure Energy Services, Stantec inc., Tricon Residential Inc.

“U.S. reliance on import critical minerals has reached a 30-year high, and investment in the industry is near its lowest point in decades. The US government has identified 50 minerals it deems critical to the U.S. economy and to national security; for 43 of those critical minerals, more than 50 per cent of domestic consumption depends on imports … For U.S. policymakers, the U.S.’s mineral dependence on imports highlights the growing vulnerability of the U.S.

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