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Long-time favourite TC Energy Inc. yields 3.9% and generates stable cash flows from almost 94,000 kilometres of natural gas pipelines plus large-scale gas storage and power generation assets.
Stantec Inc. boosts its growth prospects with savvy acquisitions
It is important to note that some types of investments provide more security than others. Investors seeking safe investment options should look for well-established companies with hidden assets among other key characteristics.
Signet Jewelers Ltd. is still subject to changes in consumer confidence, but it’s making smart moves to spur growth
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Are stocks and investing too risky for retired Canadians? Learn the real risks in retirement—market drops, inflation, and income needs—and how a conservative, income-focused approach can lower risk through a TFSA, RRSP, or RRIF.
The best TFSA investments provide you with tax advantages, but you need to pick your investments wisely. Keep reading to learn more.
Extendicare Inc., $7.76, symbol EXE on Toronto (Shares outstanding: 87.6 million; Market cap: $670.3 million; www.extendicare.com), owns and operates 57 long- and short-term senior-care facilities that can house 8,118 residents. It also manages a further 95 facilities that are home to 6,195 residents. About 73% of the company’s residents are in Ontario and 16% are in Alberta. The rest are in Manitoba and Saskatchewan. Through its ParaMed Home Health Care division, Extendicare operates 47 branches in six provinces (Ontario, B.C., Alberta, Manitoba, Quebec and Nova Scotia). That total includes recently acquired Revera Home Health (see below). ParaMed’s 10,900 staff members provide nursing care, occupational, physical and speech therapy and assistance with daily activities to accommodate clients who live at home....
CVR Refining LP, $17.82, symbol CVRR on New York (Shares outstanding: 147.6 million; Market cap: $2.6 billion; www.cvrrefining.com), refines and markets fuels. The company operates a 115,000-barrel-a-day oil refinery in Kansas and another (70,000 barrels a day) in Oklahoma. CVR’s subsidiaries support these refineries with 540 kilometres of pipelines, more than 150 oil-transport trucks, a network of oil-gathering tanks and over six million barrels of owned and leased storage capacity. The company is majority owned and operated by CVR Energy, which itself is majority owned by activist investor Carl Icahn....
Hardwoods Distribution Inc., $16.99, symbol HWD on Toronto (Shares outstanding: 16.7 million; Market cap: $280.9 million; www.hardwoods-inc.com), is one of North America’s largest distributors of high-grade hardwood lumber and plywood. The company mainly purchases these products from hardwood lumber mills and sells them in the home construction, renovation and institutional markets. It operates through 33 distribution centres across Canada and the U.S. Hardwoods converted from an income trust to a conventional corporation in July 2011....
BMO US Dividend Hedged to CAD ETF, $17.36, symbol ZUD on Toronto (Units outstanding: 5.3 million; Market cap: $92.0 million; www.etfs.bmo.com), holds U.S. stocks that have maintained or increased their dividend rates over the last three years and meet other criteria, including yield and dividend payout ratio. The fund’s managers rebalance the underlying portfolio in June and December. Top holdings are Philip Morris International, ONEOK Inc., Garmin, Noble Corp., Verizon Communications, Mattel, Williams Cos., Gamestop, McDonald’s and Darden Restaurants. The ETF is hedged against movements of foreign currencies against the Canadian dollar. Its value rises and falls solely with the stocks in its portfolio, so it wouldn’t give you any diversification through foreign currency exposure....