The Financial Post reports in its Thursday, Nov. 13, edition that Canaccord Genuity analyst Martin Roberge says expectations of a global slowdown have prompted investors to shift toward high-dividend-paying stocks since August, with non-cyclical yielders getting most of the attention. The Post's Jonathan Ratner writes in the Trading Desk column that Mr. Roberge says defensive yield is a crowded trade, making many of these stocks much more expensive than resource and non-resource high-dividend yielders. Mr. Roberge screened for S&P/TSX-listed stocks with a dividend yield above 3 per cent, then split the list into large caps (S&P/TSX 60) and the S&P/TSX completion index. Mr. Roberge also incorporated valuation metrics and ratings from Canaccord analysts. Large-cap resource yielders making it onto Mr. Roberge's list are Cenovus Energy, Husky Energy, Canadian Oil Sands, Teck Resources, Agrium, Potash Corp. of Saskatchewan and Goldcorp. Large-cap non-resource yielders making the grade are Shaw Communications, Thomson Reuter, Power Corp. of Canada and Sun Life Financial, along with the Big Six Canadian banks. Among defensive yielders, the list included TransCanada, Fortis and TransAlta.