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Sun Life Financial Inc. and Manulife Financial Corp. each offers a combination of solid earnings growth, ongoing share repurchases, and impressive dividend yields.
Groupe Dynamite Inc. is a high‑quality specialty retailer with gains ahead.
Teck Resources Ltd. is a solid bet on higher copper prices with its big merger winning approvals
Toromont Industries Ltd. should see continued earnings growth thanks to its leading market share and Canada’s plan to increase spending on infrastructure projects.
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When investing in rare earth metals, you need to look at the unique geographical and political environment the mining company produces in.
There will always be stocks you’ll wish you bought, especially after you see their growth. Here’s what to look for so you won’t miss out.
ISHARES CDN REIT SECTOR INDEX FUND $15.10 (Toronto symbol XRE; buy or sell through brokers; ca.ishares.com) holds the 15 Canadian real estate investment trusts in the S&P/TSX Capped REIT Index. Expenses for iShares CDN REIT are 0.60% of its assets. The fund yields 6.0%. The ETF’s largest holding is RioCan REIT at 20.6%, followed by H&R REIT (12.9%), Canadian Apartment Properties REIT (9.2%), Smart REIT (9.1%), Canadian REIT (7.7%), Allied Properties REIT (6.4%), Cominar REIT (6.2%), Dream Office REIT (5.4%), Boardwalk REIT (4.7%), Granite REIT (4.5%), Artis REIT (4.2%), Crombie REIT (2.6%), Dream Global REIT (2.2%), Pure Industrial REIT (2.1%) and Northview Apartment REIT (1.9%)....
MANITOBA TELECOM SERVICES INC. $33.27 (Toronto symbol MBT; Shares outstanding: 79.3 million; Market cap: $2.6 billion; TSINetwork Rating: Average; Dividend yield: 3.9%; www.mts.ca) has completed the sale of its Allstream division to U.S.-based Zayo Group (New York symbol ZAYO)....
ENCANA $6.14 (Toronto symbol ECA; Shares outstanding: 849.8 million; Market cap: $4.9 billion; TSINetwork Rating: Average; Dividend yield: 1.4%; www.encana.com) plans to spend $1.5 billion to $1.7 billion upgrading its properties in 2016, down 25% from 2015 (all amounts except share price and market cap in U.S. dollars). Even with the drop, it expects production at its four main oil projects—Montney (B.C.), Duvernay (Alberta) and Eagle Ford and Permian (both in Texas)—will rise 12% this year. The company has also cut its annual dividend rate by 78.6%, to $0.06 a share from $0.28. In addition, Encana has eliminated the 2% price discount it offered to shareholders who chose to reinvest their dividends in new shares. In all, these moves will save $185 million a year....
NEWMONT MINING $26.26 (New York symbol NEM; Shares outstanding: 529.1 million; Market cap: $13.4 billion; TSINetwork Rating: Average; Dividend yield: 0.4%; www.newmont.com) is one of the world’s largest gold and copper producers, with major mines in the U.S., Peru, Suriname, Australia, Ghana and Indonesia. Newmont’s shares have gained 41% since the start of 2016. That’s mainly because the recent volatility in global stock markets has pushed up gold prices during the same period by 17% to $1,242 an ounce. Rising gold prices will also improve the profitability of Newmont’s Cripple Creek & Victor gold mine in Nevada. The company acquired the operation in August 2015. Newmont expects its overall operating costs will fall as it opens new mines in the next few years....