The Globe and Mail reports in its Wednesday edition that Greg Newman at Scotia Wealth Management says he sees markets recovering further this year. The Globe's Brenda Bouw quotes Mr. Newman saying: "We're still cautious. But I believe the outlook looks good over the next 18 months with deregulation and tax cuts in the U.S., and hopefully some tariff resolution." One stock he likes is Propel Holdings, a lending company under the MoneyKey, CreditFresh and Fora Credit brands. Propel "is a stock we started buying in 2024 around $24 a share and added to in recent weeks between $28 and $32," Mr. Newman said. "It is a subprime lender in the U.S., Canada and the U.K. About 90 per cent of its business is in the U.S. The Goldilocks scenario for subprime lenders like this one is where you have rising uncertainty and the economy weakens only marginally -- and that's what we're seeing today. Propel just reported first-quarter earnings and beat nicely. You don't necessarily want to buy this if you think a recession is going to happen, but we think at this point, there's a good chance that it won't in the U.S. We see a lot of growth for this business. It's a disruptive space where people can get loans they can't get through the bank."