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Credit Suisse Top Picks For Canadian Equities

Credit Suisse writes that, capitalizing on the commodity conundrum, nearly half of the S&P/TSX Composite is directly related to a variety of global commodities with a skew to energy. With the recent oil price declines, there are many impacts in the Canadian market and the brokerage believe there are pockets of opportunities.

With an outlook for 2016, the preferred stocks from Credit Suisse's Canadian Equity Research team include: (a) HBM.TO, LUN.TO and THO.TO in Diversified Metals;

(b) Consumer: L.TO;

(c) Energy: ARX.TO, BNK.TO, CNQ.TO, NVA.TO, PXT.TO, SU.TO, TOU.TO and VII.TO;

(d) Financials: DH.TO, MFC.TO, RY.TO;

(e) AEM.TO in the Gold sector;

(f) Infrastructure: TRP.TO (pipelines) and EMA.TO (utilities);

(g) DHX-B.TO in the TMT space; and

(h) CP.TO and MGA.TO in the Industrials.

Credit Suisse notes that L, RY and TRP are Credit Suisse Global Focus List stocks. Highlighting BIN.TO in the Industrials as a high conviction Underperform.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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