Campbell's Top Picks for Canadian Stocks: K92 Mining, TMX Group, and Amerigo Resources

Canadian stocks have been navigating an extraordinary amount of macro noise, from tariffs and geopolitical conflict to volatile commodity prices, inflation, U.S. Federal Reserve policy, and changing liquidity conditions, says Bruce Campbell, president & portfolio manager at StoneCastle Investment Management.

This uncertainty, combined with slowing economic momentum in July, triggered a significant momentum rotation, but the underlying environment appears to be stabilizing as we head into fall.

Second-quarter earnings were exceptionally strong, with corporate profits growing at one of the fastest rates of the past two decades. Although valuations remain a concern, valuation alone rarely ends a bull market.

Campbell's team is currently positioned on offense and remains positive about top-down indicators such as economic growth, market breadth, trend, and momentum.