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CGI Inc. investors continue to benefit from organic growth and accretive acquisitions, with a downside cushion from a contract‑driven, government‑heavy base.
Top pick Walmart Inc.’s earnings are projected to grow by double digits in 2027 while the stock boasts a “quality premium” to reflect its successful tech pivot.
Intact Financial Corp. is a #1 Power Buy for 2026 as it continues to demonstrate excellence in its field as Canada’s largest property and casualty insurer.
Telus Corp. offers an exceptional 9.0% yield as it seeks to pay down debt while pursuing attractive value-unlock ventures including AI datacentres.
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BANK OF NOVA SCOTIA $57.75 (Toronto symbol BNS; Shares outstanding: 1.2 billion; Market cap: $69.7 billion; TSINetwork Rating: Above Average; Dividend yield: 5.0%, www.scotiabank.com) is the third-largest of Canada’s five big banks. In the three months ended January 31, 2016, the bank earned $1.81 billion. That is up 5.1% from $1.73 billion a year earlier. Earnings per share increased 5.9%, to $1.44 from $1.36, on fewer shares outstanding. Revenue rose 8.6%, to $6.4 billion from $5.9 billion. Earnings at the Canadian banking division (50% of the total) rose 7.4%, mostly due to higher fee income and steady loan and deposit growth. The international division (30% of earnings) reported 21.0% higher profits, thanks to strong loan, deposit and fee growth in Latin America. However, earnings at the securities-trading division (20%) fell 9.4% on lower earnings at its U.S. investment-banking operations....
BCE INC. $57.77 (Toronto symbol BCE; Shares outstanding: 865.4 million; Market cap: $50.7 billion; TSINetwork Rating: Above Average; Dividend yield: 4.7%; www.bce.ca) continues to benefit from strong demand for its wireless, high-speed Internet and Fibe TV services. That’s offsetting weaker revenue from traditional telephone services. In the three months ended December 31, 2015, the company’s revenue rose 1.4%, to $5.60 billion from $5.53 billion. Per-share profits were unchanged at $0.72. During the quarter, the company added 91,308 wireless subscribers under long-term contracts. That’s down from 118,120 a year earlier, mainly due to strong competition over the winter holiday. However, smartphone users now account for 78% of these customers, up from 76% a year earlier. That’s good news, as smartphones generate higher monthly fees than regular cellphones....
BROOKFIELD RENEWABLE ENERGY PARTNERS L.P. $37.27 (Toronto symbol BEP.UN; Units outstanding: 265.2 million; Market cap: $10.1 billion; TSINetwork Rating: Extra Risk; Dividend yield: 6.6%; www.brookfieldrenewable.com) owns 207 hydroelectric generating stations, 37 wind farms and five natural gas-fired plants. In all, it has over 7,284 megawatts of generating capacity. Roughly 24% of that capacity is in Canada, with another 50% in the U.S., 13% in Latin America and 8% in Europe. In the three months ended September 30, 2015, Brookfield’s cash flow per share rose 2.2%, to $0.46 from $0.45 a year earlier....
INNERGEX RENEWABLE ENERGY $12.84 (Toronto symbol INE; Shares outstanding: 103.9 million; Market cap: $1.3 billion; TSINetwork Rating: Extra Risk; Dividend yield 5.0%; www.innergex.com) operates 27 hydroelectric plants, six wind farms and one solar power facility in Quebec, Ontario, B.C. and Idaho. The company gets 77% of its power from hydroelectric plants, 22% from wind and 1% from solar. In contrast to Brookfield, Innergex is growing slowly, mostly by building its own hydroelectric and wind facilities, rather than through acquisitions. Right now, the company has four projects under construction. But like Brookfield, Innergex makes sure it has firm long-term power-purchase contracts in place before it starts building new plants....