BNN Top Picks from Jeff Young: WPT Industrial REIT WIT.TO, Keyera KEY.TO, and Gildan Activewear GIL.TO

Jeff Young, co-chief executive officer and chief investment officer, NexGen Financial

Focus: Canadian Dividend stocks
MARKET OUTLOOK:
The Canadian equity markets remain somewhat challenged by the recent fall in oil prices and general weakness in other commodities. With so much of the index related to resources, the S&P/TSX composite is once again trailing U.S. markets which are benefitting from improving U.S. economic growth. Within the Canadian market place non-resource related stocks have performed considerably better than those with even indirect exposure to oil and gas or other resources. While we expect this theme could continue for some time, the defensive segment of the Canadian market continues to appear expensive relative to the market overall. Ultimately this valuation disparity will provide opportunities in more resource related companies however the path to their eventual outperformance is unlikely to be a smooth one. (more)

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