atco

TECK RESOURCES LTD., $69.23, Toronto symbol TECK.B, remains a buy.

The company is a leading producer of metallurgical coal, a key ingredient in steelmaking. It also produces copper and zinc.

In November 2023, Teck agreed to sell its coal business, known as Elk Valley Resources (EVR).

In January 2024, Teck sold 23% of EVR to Japanese steel maker Nippon Steel Corp....
ANDREW PELLER LTD. (class A shares) remains a buy for long-term gains.

The company, Toronto symbols ADW.A (non-voting) $3.82 and ADW.B $5.05, is Canada’s second-largest wine producer, after Arterra Wines.

Peller last raised your quarterly dividend by 10% with the July 2021 payment....
ANDREW PELLER LTD. (class A shares) remains a buy for long-term gains.

The company, Toronto symbols ADW.A (non-voting) $3.79 and ADW.B $5.05, is Canada’s second-largest wine producer, after Arterra Wines.

In its fiscal 2024 fourth quarter, ended March 31, 2024, Peller’s sales rose 9.4%, to $85.01 million from $77.71 million a year earlier....
Demand for electrical power in Canada continues to rise due to several factors. Those include an expanding population and the shift to electric-powered cars. Moreover, the construction of new datacentres to handle power-intense artificial intelligence will also spur electricity demand.


A good way for investors to tap those trends is with these three high-quality power utilities....
We’ve said for a long time that growth by acquisition is inherently riskier than internal growth, since it carries an above-average chance of unpleasant surprises. Under the rules of financial physics, a buyer of something rarely knows as much about it as the seller.

Of course, some companies do a better job than others of choosing acquisition targets....
INTERNATIONAL BUSINESS MACHINES CORP., $165.71, New York symbol IBM, is a top pick for 2024.

The company is one of the world’s largest computer firms, with operations in over 175 countries.

With the June 2024 payment, IBM will raise your quarterly dividend by 0.6%, to $1.67 a share from $1.66....
CANADIAN UTILITIES LTD., $31.09, Toronto symbol CU, (TSINetwork Rating: Above Average; www.canadianutilities.com) is a buy.

Canadian Utilities distributes electricity and natural gas in Alberta and Australia....
EMERA INC., $48.80, Toronto symbol EMA, is a buy.

The company owns 100% of Nova Scotia Power, that province’s main electricity supplier. It also owns 100% of Teco Energy, which supplies electricity and natural gas to 1.3 million customers in Tampa Bay, Florida....
High interest rates tend to increase the appeal of bonds and hurt the shares of high-quality utility stocks, including the four we analyze below. We feel they are particularly attractive buys right now as it looks like the Bank of Canada will cut interest rates later this year.


FORTIS INC....
CANADIAN TIRE CORP., $148.00, Toronto symbol CTC.A, is a top pick for 2024.

Investors benefit from the company’s 502 Canadian Tire stores. They sell automotive parts and services, and household and sporting goods; franchisees run most of the locations....