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Stan in The Globe & Mail

Stan Wong’s Top Three Stock Picks

December 3, 2015

Loblaw Companies Ltd. (Loblaw) is Canada’s largest food and pharmacy retailer. As a classical consumer staples stock, Loblaw provides investors with steady and predictable growth along with a modest but growing dividend. The acquisition of Shoppers Drug Mart provides the grocery giant with not only cost and revenue synergies, but also exposure to the higher margin profile of the drug retail business. Further diversification is enjoyed with President’s Choice Financial (a joint venture with CIBC), Joe Fresh apparel stores and majority ownership of Choice Properties REIT.

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