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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.
MOLSON COORS CANADA INC. $94 (www.molsoncoors.com) earned $1.41 a share in the three months ended June 30, 2015, down 10.2% from $1.57 a year earlier (all amounts expect share price in U.S. dollars). Its worldwide beer volumes fell 1.9%, mainly due to the termination of deals to brew certain beers in Canada and the U.K....
GREAT-WEST LIFECO INC. $35 (Toronto symbol GWO; Conservative Growth and Income Portfolios, Finance sector; Shares outstanding: 996.9 million; Market cap: $35.0 billion; Priceto- sales ratio: 1.0; Dividend Yield: 3.7%; TSINetwork Rating: Above Average; www.greatwestlifeco.com) is Canada’s second-largest insurance company, after Manulife Financial (Toronto symbol MFC). It also offers mutual funds, retirement planning and wealth management. Power Financial (Toronto symbol PWF) owns 67.1% of Great-West.
As of June 30, 2015, the company had $1.15 trillion of assets under administration, up 7.9% from $1.06 trillion at the end of 2014.
Diversified operations cut risk
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As of June 30, 2015, the company had $1.15 trillion of assets under administration, up 7.9% from $1.06 trillion at the end of 2014.
Diversified operations cut risk
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LINAMAR CORP. $71 (Toronto symbol LNR; Aggressive Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 65.1 million; Market cap: $4.6 billion; Price-to-sales ratio: 1.0; Dividend yield: 0.6%; TSINetwork Rating: Average; www.linamar.com) saw its sales rise 23.8% in the three months ended June 30, 2015, to a record $1.4 billion from $1.1 billion a year earlier.
Sales at the company’s powertrain and driveline division (79% of the total) rose 22.5%, thanks to acquisitions and the launch of new transmissions and other automotive products. The industrialproducts division’s sales (21%) gained 28.9%, mainly due to strong demand for the company’s Skyjack self-propelled, scissor-type elevating work platforms.
Earnings jumped 33.3%, to a record $1.84 a share from $1.38. In addition to the higher sales, Linamar’s earnings benefited from efficiency improvements and favourable currency exchange rates.
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Sales at the company’s powertrain and driveline division (79% of the total) rose 22.5%, thanks to acquisitions and the launch of new transmissions and other automotive products. The industrialproducts division’s sales (21%) gained 28.9%, mainly due to strong demand for the company’s Skyjack self-propelled, scissor-type elevating work platforms.
Earnings jumped 33.3%, to a record $1.84 a share from $1.38. In addition to the higher sales, Linamar’s earnings benefited from efficiency improvements and favourable currency exchange rates.
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RIOCAN REAL ESTATE INVESTMENT TRUST $26 (Toronto symbol REI.UN; Aggressive Growth Portfolio, Manufacturing & Industry sector; Units outstanding: 318.3 million; Market cap: $8.3 billion; Price-to-sales ratio: 6.5; Dividend yield: 5.4%; TSINetwork Rating: Average; www.riocan.com) has found new tenants for seven of the 26 former Target stores in its malls. It will have to remodel the remaining 19, but it expects to lease them all within the next two years.
Target’s U.S. parent company guaranteed the leases on the Canadian stores, but it has not yet paid RioCan the lost rental payments. If RioCan is unable to find new tenants, Target may have to pay the trust up to $250 million.
RioCan is a buy.
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Target’s U.S. parent company guaranteed the leases on the Canadian stores, but it has not yet paid RioCan the lost rental payments. If RioCan is unable to find new tenants, Target may have to pay the trust up to $250 million.
RioCan is a buy.
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