The Globe and Mail reports in its Saturday, Aug. 22, edition that Scott Lysakowski, head of the Phillips, Hager & North Canadian equity team, expects Canada's growth to come from three main sectors: energy, materials and financials. The Globe's Brenda Bouw writes that Mr. Lysakowski recommends buying Cenovus Energy. He says Cenovus Energy is a "long-term holding that we added to this year during this period of oil price volatility." Cenovus recently acquired MEG Energy. The deal closed late last year and added more than 100,000 barrels a day of production and significant reserves adjacent to its Christina Lake property in Northeastern Alberta. Cenovus expects to create value from this acquisition through operational and capital investment synergies. The company has used some of the excess free cash flow generated by high oil prices this year to buy back stock and pay down debt it issued to finance the MEG deal. Cenovus has also shown some improvement in its United States refining business, which had challenging operational performance over the last couple of years. So, the combination of those two provides good runway for the stock's performance relative to its peers.