Lorne Steinberg’s Top Picks for Feb. 6, 2026
BNN Bloomberg
Top picks for Lorne Steinberg, President, Lorne Steinberg Wealth Management
Focus: Global Value Stocks & High Yield Bonds
Top picks: Kimberly-Clark, Microsoft, Linde PLC
MARKET OUTLOOK:
The sudden selloff of cryptocurrencies and technology stocks is an indication that there has been a fair bit of speculation driving certain areas of the market. The market pendulum swings both ways, and when it swings too far it leads to opportunities.
At present, diversification is suddenly back in fashion. Consumer staples and cyclicals which have lagged the broader indices for years, have been the shining stars, while top tier financials, such as Canadian banks and insurance companies, have held up well. Many of these companies have had excellent track records of value creation, despite the fact that some of these shares have been unloved for a long time.
Here are five things you need to know this morning.
The CEO of natural gas pipeline operator TC Energy Corp. says Canada risks missing out on opportunities to provide global markets with a secure supply of energy if permitting timelines aren’t significantly shortened.
Canada’s population decline is easing rental demand and weighing on housing as interest rates remain elevated and activity stays subdued.
Israel killed another top Iranian official -- the intelligence minister -- in its campaign against the Islamic Republic’s leadership, and an Iranian offshore natural gas field was struck Wednesday amid the war’s escalating pressure on the region’s economic lifeblood: energy.
Canadian and U.S. stock markets fell on Wednesday amid interest rate decisions from the Bank of Canada and the U.S. Federal Reserve, with both central banks acknowledging inflationary risks from the war in the Middle East.
Israel killed another top Iranian official -- the intelligence minister -- in its campaign against the Islamic Republic’s leadership, and an Iranian offshore natural gas field was struck Wednesday amid the war’s escalating pressure on the region’s economic lifeblood: energy.
Bank of Canada holds rate at 2.25 per cent as growth weakens and oil-driven inflation risks rise amid geopolitical uncertainty.
U.S. stocks are sinking Wednesday after a discouraging report said inflation was primed to worsen, even before the war with Iran sent oil prices spiking.
Jay Allen is a fan of U.S. President Donald Trump, and voted for him on the belief that the Republican would cut taxes and trim regulations, helping his manufacturing business in northeast Arkansas.
Top Picks from David Burrows, Chairman & CEO, Barometer Capital Management
Two Canadian cargo ships are stuck in the Persian Gulf and unable to pass through the blocked Strait of Hormuz as the war in Iran continues.
U.S. stocks are sinking Wednesday after another climb for oil prices raised worries about inflation, which may have been primed to worsen even before the war with Iran began.
U.S. crude stocks rose while gasoline and distillate inventories fell last week, the Energy Information Administration said on Wednesday.