Latest Stock Advice
Nutrien Ltd. offers exposure to potash and nitrogen prices, a stable retail base and strong profitability.
Toromont Industries Ltd. should see continued earnings growth thanks to its leading market share and Canada’s plan to increase spending on infrastructure projects.
Top pick Barrick Mining just raised its dividend a whopping 140% as it generates record earnings and continues its strategic asset reorganization.
Warner Music Group Corp. is well-positioned for higher-margin catalog revenues, added streaming adoption, and new AI monetization opportunities.
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IGM FINANCIAL INC. $38 (Toronto symbol IGM; Conservative Growth Portfolio, Finance sector; Shares outstanding: 245.8 million; Market cap: $9.3 billion; Price-to-sales ratio: 3.1; Dividend yield: 5.9%; TSINetwork Rating: Above Average; www. igmfinancial.com) is Canada’s largest independent mutual fund provider. Power Financial owns 59.8% of IGM. The company has two main divisions. Investors Group offers mutual funds and other services, such as portfolio management, through 5,200 affiliated advisors. This business forms close relationships with clients, which helps it retain them. In the past year, its redemption rate for long-term funds was 8.4%, well below the industry average of 15.6%. The other division, Mackenzie Financial, sells funds through independent brokers....
HOME CAPITAL GROUP INC. $33 (Toronto symbol HCG; Aggressive Growth Portfolio, Finance sector; Shares outstanding: 70.2 million; Market cap; $2.3 billion; Price-to-sales ratio: 3.9; Dividend yield: 2.7%; TSINetwork Rating: Average; www. homecapital.com) is a mortgage lender that serves borrowers who don’t meet the stricter standards of larger, traditional lenders, like banks. The company offers most of its loans through 4,000 independent mortgage brokers. In July 2015, it cut ties with 45 of them after it uncovered inaccurate information on loan applications. Specifically, these brokers falsified borrowers’ annual incomes but not their credit scores and property values....
BLACKBERRY LTD. $9.84 (Toronto symbol BB; Aggressive Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 524.2 million; Market cap: $5.2 billion; Price-to-sales ratio: 2.1; No dividends paid; TSINetwork Rating: Speculative; www.blackberry.com) has launched its first-ever smartphone powered by Google’s Android software....
BANK OF NOVA SCOTIA $61 (Toronto symbol BNS; Conservative Growth and Income Portfolios, Finance sector; Shares outstanding: 1.2 billion; Market cap: $73.2 billion; Price-to-sales ratio: 3.4; Dividend yield: 4.6%; TSINetwork Rating: Above Average; www.scotiabank.com) has extended its Scene loyalty card program with Cineplex Entertainment (Toronto symbol CGX) for an additional 10 years, to October 31, 2025....