It’s time to get defensive, according to Andrew Pyle, Senior Wealth Advisor, Portfolio Manager, The Pyle Group, ScotiaMcLeod. His main strategy for positioning money in Canadian equities is to recession-proof the portfolio. That means names such as Loblaw and Dollarama. And forget Canadian government bonds. Pyle says “the mattress would do a better job.” For fixed income, he suggests investment-grade corporate bonds.