What are we looking for?

Canadian-listed stocks that offer defensive characteristics amid growing uncertainty in the broader market.

The S&P/TSX Composite Index has encountered significant resistance near the 34,400 level on two separate occasions, raising the possibility of a double-top formation, a technical pattern that often signals a shift in trend. In this environment, a disciplined, rules-based approach to finding quality companies with strong income profiles and resilient balance sheets may help investors navigate potential further market weakness.

The screen

Using Trading Central Strategy Builder, we began by setting a minimum market capitalization threshold of $5-billion, focusing on larger, more established companies with…