Latest Stock Advice
Toromont Industries Ltd. should see continued earnings growth thanks to its leading market share and Canada’s plan to increase spending on infrastructure projects.
ARC Resources keeps returning its cash flow to shareholders through a growing dividend and substantial share buybacks.
These aren’t space startups: discover 7 dividend-paying aerospace and defense contractors tied to NASA’s Artemis mission (from TSI’s latest Globe and Mail column).
Top pick Linamar Corp. is trading cheaply despite delivering higher sales and profits.
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GLOBAL X COPPER MINERS ETF $10.06 (New York symbol COPX; buy or sell through brokers; www.globalxfunds.com) tracks the Solactive Global Copper Miners Index, which includes 20 to 40 international companies that mine, refine or explore for copper. Germany-based Structured Solutions AG created this index. Canadian firms make up 38.8% of the ETF’s holdings. It also includes companies based in Australia (15.6%), Mexico (5.5%), Peru (5.4%) and Poland (5.0%). The fund’s MER is 0.65%. Its top holdings are Southern Copper at 6.9%; Oz Minerals, 6.8%; CST Mining Group, 6.4%; Kaz Minerals plc, 5.9%; Sandfire Resources, 5.9%; Grupo Mexico, 5.7%; Glencore plc, 5.4%; Turquoise Hill, 5.4%; Lundin Mining, 5.4%; Jiangxi Copper, 5.4%; Copper Mountain Mining, 5.3%; and Antofagasta plc, 4.6%....
BCE INC. $56.74 (Toronto symbol BCE; Shares outstanding: 849.3 million; Market cap: $48.8 billion; TSINetwork Rating: Above Average; Dividend yield: 4.6%; www.bce.ca) has formed a new partnership with U.S.-based iHeartRadio, which streams live radio stations and other audio broadcasts over the Internet. iHeartRadio has more than 75 million users in the U.S., Australia and New Zealand. BCE plans to use iHeartRadio’s technology to launch a free-to-use, advertising-supported streaming service in Canada in mid-2016. This service will also feature BCE’s 106 radio stations, as well as other content from its TV channels. BCE is a buy....
TRANSCANADA CORP. $48.05 (Toronto symbol TRP; Shares outstanding: 709.0 million; Market cap: $34.0 billion; TSINetwork Rating: Above Average; Dividend yield: 4.3%; www.transcanada.com) has launched two legal challenges to the U.S. government’s recent decision to block its proposed Keystone XL pipeline, which would have pumped crude oil from Alberta to the U.S. Gulf Coast. The company spent $4.3 billion on Keystone XL and now expects to write off between $2.5 billion and $2.9 billion of this total. TransCanada plans to appeal the U.S. decision under the North American Free Trade Agreement and will ask for $15 billion U.S. in damages. In a separate case, it will challenge the U.S. president’s authority to deny a construction permit....
MANITOBA TELECOM SERVICES INC. $30.95 (Toronto symbol MBT; Shares outstanding: 79.3 million; Market cap: $2.4 billion; TSINetwork Rating: Average; Dividend yield: 4.2%; www.mts.ca) has completed the sale of its Allstream division to U.S.-based Zayo Group (New York symbol ZAYO). The company received $420.0 million, net of transaction costs. It will probably put the proceeds toward its long-term debt, which was $677.1 million as of September 30, 2015. That’s equal to 29% of its $2.4-billion market cap. Manitoba Telecom is still a hold.