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Maple Leaf Foods is nearing the end of its multi-year plan to unload less profitable businesses and modernize its meat-processing plants. The plan’s costs have depressed the company’s earnings, but it greatly improves its prospects.
We also have a high opinion of Saputo (see box), but its growth relies on buying dairy producers in other countries, which adds risk.
MAPLE …read more »
LOBLAW COMPANIES LTD. $60 (Toronto symbol L; Conservative Growth Portfolio, Consumer sector; Shares outstanding: 412.4 million; Market cap: $24.7 billion; Price-to-sales ratio: 0.6; Dividend yield: 1.6%; TSINetwork Rating: Above Average; www.loblaw.ca) has sold 15 stores and one warehouse to Choice Properties Real Estate Investment Trust (Toronto symbol CHP.UN).
Loblaw received $211.9 million, which is equal to 57% of the $371.0 …read more »
CAE INC. $15 (Toronto symbol CAE; Conservative Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 265.3 million; Market cap: $4.0 billion; Price-to-sales ratio: 1.8; Dividend yield: 1.9%; TSINetwork Rating: Average; www.cae.com) gets 55% of its revenue by selling flight simulators and pilot-training services to commercial airlines. Another 40% comes from simulators and training for military clients, mainly in the U.S.
ISHARES MSCI JAPAN INDEX FUND $11.76 (New York Exchange symbol EWJ; buy or sell through brokers; us.ishares.com) is an ETF that tries to match the return of the Morgan Stanley Capital International (MSCI) Japan index.
The fund has now regained all of the ground it lost in the recent market downturn. Its latest rise came after the Japanese government and …read more »
In 2011, gold hit a high of $1,950 U.S. an ounce and silver hit a high of $48.48.
But the price of gold has fallen since then and recently dropped below $1,200 for the first time since mid-2010. It now trades at $1,141. Silver has dropped, as well, and at $15.35 an ounce is also trading at lows not seen …read more »
Canada’s inflation rate is now at 2.0%, right at the Bank of Canada’s target. This should let the bank keep interest rates low, which holds down our dollar, making our exports cheaper in world markets. That’s good for Canada’s economic growth.
Even so, the long-term outlook is for higher interest rates. That’s because heavy deficit spending and the expansion of …read more »
TRANSCANADA CORP. $56.86 (Toronto symbol TRP; Shares outstanding: 708.0 million; Market cap: $39.1 billion; TSINetwork Rating: Above Average; Dividend yield: 3.4%; www.transcanada.com) recently completed the purchase of three more Ontario solar power plants from Canadian Solar Inc. (Nasdaq symbol CSIQ).
TransCanada now owns seven of the nine solar farms it agreed to buy from Canadian Solar in 2011. It will …read more »
PENGROWTH ENERGY $4.36 (Toronto symbol PGF; Shares outstanding: 528.1 million; Market cap: $2.2 billion; TSINetwork Rating: Average; Dividend yield: 11.0%; www.pengrowth.com) produces oil and natural gas in Western Canada and off the Nova Scotia coast. Gas accounts for 46% of its production; the other 54% is oil.
In the three months ended September 30, 2014, Pengrowth produced 72,472 barrels a …read more »
LOBLAW COMPANIES $58.33 (Toronto symbol L; Shares outstanding: 413.5 million; Market cap: $24.1 billion; TSINetwork Rating: Above Average; Dividend yield: 1.7%; www.loblaw.ca) has sold 16 more properties to Choice Properties REIT (Toronto symbol CHP.UN). These assets consist of 15 retail stores and one warehouse with over 1.3 million total square feet. The sale price was $211.9 million.
Loblaw transferred the …read more »
ENCANA CORP. $21.00 (Toronto symbol ECA; Shares outstanding: 741.0 million; Market cap: $15.6 billion; TSINetwork Rating: Average; Dividend yield: 1.4%; www.encana.com) continues to sell less important natural gas properties as it shifts toward long-lasting projects that mainly produce oil and natural gas liquids, such as butane and propane.
The company recently agreed to sell most of its natural gas properties …read more »
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