Latest Stock Advice
Signet Jewelers Ltd. is still subject to changes in consumer confidence, but it’s making smart moves to spur growth
Sun Life Financial Inc. and Manulife Financial Corp. each offers a combination of solid earnings growth, ongoing share repurchases, and impressive dividend yields.
Top pick Yum Brands Inc. gives you sales growth, steady EPS growth, and a solid dividend
Nutrien Ltd. offers exposure to potash and nitrogen prices, a stable retail base and strong profitability.
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Tax shelters in Canada aim to reduce or eliminate your tax liability, they are great ways for Canadian investors to cut their tax bills.
In some ways, stock buyback benefits are better than dividends. In particular, they give you a tax-deferral option that you don’t get with cash dividends.
INNERGEX RENEWABLE ENERGY $10.14 (Toronto symbol INE; Shares outstanding: 101.3 million; Market cap: $1.0 billion; TSINetwork Rating: Extra Risk; Dividend yield 6.1%; www.innergex.com) operates 26 hydroelectric plants, six wind farms and one solar power facility in Quebec, Ontario, B.C. and Idaho. The company gets 73% of its power from hydroelectric plants, 26% from wind and 1% from solar. In contrast to Algonquin, Innergex is growing slowly, mostly by building its own hydroelectric and wind facilities, rather than through acquisitions. Right now, the company has five projects under construction. But like Algonquin, Innergex makes sure it has firm long-term power-purchase contracts in place before it starts building new plants....
ALGONQUIN POWER & UTILITIES CORP. $9.38 (Toronto symbol AQN; Shares outstanding: 239.5 million; Market cap: $2.3 billion; TSINetwork Rating: Extra Risk; Dividend yield: 5.3%; www.algonquinpower.com) has used acquisitions to nearly triple in size over the past three years and is planning more purchases.
The company’s regulated utility businesses now provide water, electricity and natural gas to over 489,000 customers, up sharply from 120,000 three years ago. Its hydroelectric, thermal energy, solar and wind facilities now generate 1,050 megawatts, up from 460.
Emera (Toronto symbol EMA), a recommendation of The Successful Investor, our conservative growth advisory, owns 20.9% of Algonquin.
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The company’s regulated utility businesses now provide water, electricity and natural gas to over 489,000 customers, up sharply from 120,000 three years ago. Its hydroelectric, thermal energy, solar and wind facilities now generate 1,050 megawatts, up from 460.
Emera (Toronto symbol EMA), a recommendation of The Successful Investor, our conservative growth advisory, owns 20.9% of Algonquin.
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TRANSCANADA CORP. $43.86 (Toronto symbol TRP; Shares outstanding: 708.9 million; Market cap: $31.2 billion; TSINetwork Rating: Above Average; Dividend yield: 4.7%; www.transcanada.com) wants to build the Energy East pipeline, which would pump oil from Alberta to Eastern Canadian refineries. The plan involves converting parts of its existing natural gas pipeline to handle oil.
The company recently signed deals with three major gas distributors (two in Ontario and one in Quebec) that ensure the project will not cut their gas supplies or increase their costs. As part of this agreement, TransCanada will add new, smaller gas pipelines to replace the portions of the main gas line it will convert to oil.
These deals help cut Energy East’s risk. The project faces strong environmental and political opposition, but if regulators approve the new line, it could start up in 2020.
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The company recently signed deals with three major gas distributors (two in Ontario and one in Quebec) that ensure the project will not cut their gas supplies or increase their costs. As part of this agreement, TransCanada will add new, smaller gas pipelines to replace the portions of the main gas line it will convert to oil.
These deals help cut Energy East’s risk. The project faces strong environmental and political opposition, but if regulators approve the new line, it could start up in 2020.
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GUGGENHEIM CHINA SMALL CAP ETF $22.04 (New York symbol HAO) aims to track the AlphaShares China Small Cap Index, which is made up of all Chinese stocks that are legal for foreign investors and have market caps between $200 million and $1.5 billion.
Chinese stocks have plunged since this summer. Chinese leader Xi Jinping seems focused on shoring up the Communist party and the Chinese stock market, rather than strengthening the Chinese economy.
Brazil has officially entered a recession with news that its economy shrank in the second quarter this year, at a faster rate than in the first. Brazil’s per-capita income has been falling since last year, and the Brazilian real has lost a quarter of its value in the year to date. State-controlled oil and gas giant Petrobras is also in the midst of a huge corruption scandal.
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Chinese stocks have plunged since this summer. Chinese leader Xi Jinping seems focused on shoring up the Communist party and the Chinese stock market, rather than strengthening the Chinese economy.
Brazil has officially entered a recession with news that its economy shrank in the second quarter this year, at a faster rate than in the first. Brazil’s per-capita income has been falling since last year, and the Brazilian real has lost a quarter of its value in the year to date. State-controlled oil and gas giant Petrobras is also in the midst of a huge corruption scandal.
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