canadian

BCE INC., $69.50, Toronto symbol BCE, is a buy.

The company is Canada’s largest traditional telephone service provider: it has 2.26 million residential customers in Ontario, Quebec, Manitoba and the Atlantic provinces. BCE also has 3.95 million high-speed Internet users and 2.74 million TV subscribers (satellite and fibre-optic)....
IMPERIAL OIL LTD., $68.02, Toronto symbol IMO, is a buy.

This company gets about 60% of its production from oil sands operations in Alberta. Imperial also has conventional oil and natural gas operations in the West and holds stakes in projects off the coast of Atlantic Canada.

Imperial’s other operations include three refineries (one in Alberta, two in Ontario) and a petrochemical plant in Sarnia, Ontario.

The company now plans to buy back up to $2.5 billion of its common shares (about 6% of the total) through a Dutch auction process.

Investors who want to participate must offer their shares for between $62.00 and $78.00 (in increments of $0.25) before June 10, 2022....
In recent years, I’ve mentioned that the world is going through a gigantic monetary experiment. At first, I was referring to the “quantitative easing” that the U.S. Federal Reserve and other central banks began in 2008/2009, to offset the financial crisis. But the more I look at it, the more I see a process that’s been going on for a century.

A change in standards


Up till about a century ago, the world pretty much ran on the gold standard....
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ENBRIDGE, $57.53, is a #1 Buy for 2021. The firm (Toronto symbol ENB; Shares outstanding: 2.0 billion; Market cap: $114.0 billion; TSINetwork Rating: Above Average; Dividend yield: 6.0%; www.enbridge.com) operates pipelines that pump Western Canadian oil and gas to eastern Canada and the U.S....

The market plunge at the start of the COVID-19 crisis lowered the unit price of most REITs. That’s because the pandemic forced many businesses—and REIT tenants—to temporarily close. However, as the pandemic wanes, the economy is normalizing. That will let these two REITs maintain, or even raise, their current high distributions.


ALLIED PROPERTIES REAL ESTATE INVESTMENT TRUST, $41.45, is a buy. The REIT (Toronto symbol AP.UN; Units o/s: 128.0 million; Market cap: $5.2 billion; TSINetwork Rating: Extra Risk; Divd....

CP Rail’s growth prospects are bright—and now, it has received a big vote of confidence from U.S.-based activist investor Bill Ackman—he holds shares and options that could give him a 2% stake. The activist sold his original shares in CP in 2016 for a big profit....
A: WonderFi Technologies Inc., $1.08, symbol WNDR on the NEO Exchange (Shares outstanding: 161.5 million; Market cap: $176.5 million; www.wonder.fi), aims to provide consumers better access to digital assets, including cryptocurrencies and non-fungible tokens (NFTs).

The NEO exchange, which is recognized by the Ontario Securities Commission, is owned by Aequitas Innovations, a company backed by a number of Canadian and international corporations including Royal Bank, IGM Financial and Barclays....
CANADIAN PACIFIC RAILWAY LTD., $93.97, Toronto symbol CP, is your #1 Conservative Buy for 2022.

CP ships freight over a 23,700-kilometre rail network, mainly between Montreal and Vancouver. It also links to hubs in the U.S. Midwest and Northeast.

The company is now in the process of merging with U.S.-based railway Kansas City Southern....
BOSTON SCIENTIFIC CORP., $42.11, is a buy. The company (symbol BSX on New York) develops and markets medical devices used in minimally invasive procedures. Its products are used for angioplasty (blood vessel repair), blood clot filtration, cardiac rhythm management, catheter-aided ultrasound imaging, and many other surgical procedures....