Canada's real GDP rose just 1.2% (annualized) in the first quarter of 2014, well below expectations, and domestic demand retreated over the quarter, falling 0.3%. Some indexes suggest, however, that the Canadian economy could return to faster growth as early as the second quarter.

Focus on rails

Trains keep rolling along?positive stance on both Canadian National Railway Company (CN) and Canadian Pacific Railway Limited (CP), with strong results expected for 2014 and beyond After a difficult winter that negatively impacted railroads, overall volumes are in strong recovery mode. This prompted us to adjust our estimates upward for the quarter and the year (in mid-June).Not only are volumes for grains, coal and intermodal stronger than expected, but crude-by-rail momentum is far from over: CN and CP are on their way to doubling the number of carloads over the next two years. Hence, we expect both companies to report a strong 2014,and for volume and pricing to remain at healthy levels in 2015 and beyond. Read analysis

Tourmaline Oil Corp.
	Strong exposure to improved AECO natural gas prices Best-in-class balance sheet Significant production per share growth Read analysis

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