Fairmont Hotels & Resorts(FHR) (FHR) , Canadian Pacific RailwayCP.TO>(CP) and EnCana(ECA) (ECA) are the best bets, Barron's said in its Sept. 23 edition.

Fairmont's improvement hinges on the U.S. economy's recovery from recession, but it is trying to become more efficient and is beginning to expand into the United States, Barron's said.

EnCana, North America's top independent oil and gas firm, should trade at a premium to its Canadian peer group and at par with its U.S. peers next year because it has the rights to tap several promising energy fields, Barron's said, citing Brian A. Prokop of the investment of firm Peters & Co. in Calgary, Alberta.

Fans of Canadian Pacific Railway say the outlook for things transported by rail, apart from grain, looks good despite the sagging U.S. economy, and that the company has made major strides in modernizing its operations and trimming costs, the article said.

The short-term outlooks for the other spinoffs, Fording (FDG) (FDG) and CP Ships(TEU) (TEU) , are less certain, Barron's said.