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BMO Analyst Updates Top Energy Infrastructure Picks and Copper Market Outlook
Finance · Investment Banks/Brokers · globe_inside_market · 2026-09-16
TRP, ALA, ACO, KEY, TA, CS, HBM, TXCX
BMO analyst Ben Pham refreshes his top energy infrastructure stock picks, while RBC Capital Markets maintains a bullish stance on copper despite recent price dips.
What Happened
Energy Infrastructure Picks: BMO analyst Ben Pham has updated his top three energy infrastructure selections, naming TC Energy (TRP) as his new top pick. While target prices were adjusted due to valuation friction and interest rate expectations, the firm maintains an outperform rating on TRP, AltaGas (ALA), and Atco (ACO.X).
Canadian Capital Investment: Economist Robert Kavcic highlighted Ottawa's new policy allowing immediate expensing of major capital investments. This initiative aims to stimulate private sector growth, which has lagged behind public sector spending, and improve Canada's overall attractiveness for business investment.
Copper Market Analysis: RBC Capital Markets analyst Sam Crittenden remains optimistic about copper prices, raising forecasts for the remainder of the year. Despite recent pullbacks, the firm believes supply constraints and solid demand will keep prices above $6.00/lb, favoring miners like First Quantum, Capstone, and Hudbay.
EU-Canada Relations: European Commission President Ursula von der Leyen expressed interest in deepening ties with Canada, proposing a path toward associate membership in the EU. This potential partnership aims to foster greater economic security and shared prosperity between the two regions.