The head of Canadian research at TD Securities says three of his top picks in the Canadian stock market include Brookfield Renewable Partners L.P., Canadian Imperial Bank of Commerce (CIBC) and Celestica Inc.
In an interview with BNN Bloomberg on Wednesday, Andre-Philippe Hardy said going into next year, the backdrop for the Canadian consumer is likely to be “more of the same.” He said growth has been propelled by population gains that are expected to decline amid weak business investment and productivity. However, Hardy added that as borrowing costs move lower, consumers will feel less of the burden of high interest rates.
TD Cowen released a report on Wednesday highlighting its “best ideas” within the Canadian market that are expected to perform well given the current economic…
