We have rebalanced the Nasdaq Inovestor Canadian Index based on our Canadian Model Portfolio, which will be effective on October 18th after market close. Here are the details:
In:
1. Ritchie Bros Auctioneers Inc. (RBA) – Market Trend. Increase in the Industrial sector as seen in the Top 100 index.
2. Evertz (ET) – Market Trend – Increase in the Industrial sector as seen in the Top 100 index.
3. Parkland Fuel Corporation (PKI) – Market Trend – Increase in the Energy sector as seen in the Top 100 index.
Out:
1. Bell Canada (BCE) – Market Trend. Decrease in the Telecommunications Services sector as seen in the Top 100 index.
2. Canadian Imperial Bank of Commerce (CM)- Market Trend. Decrease in the Financial sector as seen in the Top 100 index.
3. Linamar Corp (LNR) – Market Trend – Decrease in the Consumer Discretionary sector as seen in the Top 100 index.
