The Globe and Mail reports in its Monday, Oct. 3, edition that GlobeInvest Capital Management chief executive officer Christine Poole is bullish on equities and believes the Canadian economy will begin to rebound later this year, partially on the back of a steadily growing U.S. economy. The Globe's Brenda Bouw writes that Ms. Poole has been buying Canadian banks. Ms. Poole says: "As a group, they yield an average of about 4 per cent. The payout ratios are between 40 and 50 per cent, so they're well covered. It's a good area to be in if you want income and a bit of earnings growth. We think dividends will increase along the same pace. We also think the valuations are reasonable. We don't think the Canadian economy is going back into recession, which makes them an attractive place to put money. TD Bank and Royal Bank are our favourites. TD has 25 per cent of its profits coming from the U.S. and Royal Bank has just over 20 per cent. We like that because we think the U.S. economy will outperform the Canadian economy." As well, she adds: We've also been adding Fortis and Enbridge. We are looking for companies with a strong balance sheet, visibility in increased cash flow and by default increasing dividends."