The Globe and Mail reports in its Saturday, Aug. 9, edition that CIBC head of portfolio strategy Ian de Verteuil said last week that up to half of the TSX is suitable as a "compounder," a company capable of generating cash flow, profit and stock price growth consistently over the long term. The Globe's Scott Barlow writes that Mr. de Verteuil has previously recommended stocks from Canadian oligopolies like banks, rails, grocers and telecoms as buy and hold options that would create wealth over time. Mr. de Verteuil recently added life insurers, and waste management and pipeline sectors. In the latter two instances his optimism is a bit tepid owing to profit margins (in terms of return on equity) relative to the oligopolies. Mr. de Verteuil also looked to identify individual stocks that could compound investment returns over time. He wrote that "Dollarama Inc. and BRP Inc. are wonderful cash generating entities, and Stella-Jones Inc. and CCL Industries Inc. have focused on narrow businesses to drive long-term returns." Mr. de Verteuil said, "Dollarama's performance has crushed Colgate-Palmolive's returns over the past five years so maybe I shouldn't be so hasty to look south for staples exposure."