canadian

For many investors, gold represents a “safe harbour” in these turbulent times. That’s reflected in the sharp price jumps we continue to see—most notably in the wake of the Russian invasion of Ukraine.


Meanwhile, we expect gold-loving markets in Asia and other emerging economies to rebound after the coronavirus....

Canada’s top banks continue to rebound from their pandemic lows, as an expected surge in loan writeoffs failed to materialize. The recent increase in the Bank of Canada’s benchmark lending rate, as well as more hikes likely this year, will also lift their earnings....

Shares of Bank of Nova Scotia continue to rebound as the economy recovers from the COVID-19 pandemic. Still, they have lagged the gains of Canada’s other four big banks (see page 43).


That’s mainly because Bank of Nova Scotia has shifted its international focus in the past few years to four countries in Latin America—Mexico, Peru, Colombia and Chile....

iShares Canadian Select Dividend Index ETF yields 3.7% with a 0.55% MER and offers great diversity by holding 30 of the highest-yielding Canadian stocks.

PEMBINA PIPELINE, $47.23, is still a buy. The company (Toronto symbol PPL; Shares outstanding: 550.4 million; Market cap: $25.7 billion; TSINetwork Rating: Average; Dividend yield: 5.3%; www.pembina.com) has signed a deal with U.S.-based private equity firm KKR to combine their Western Canadian natural gas processing assets in a new joint venture.


The as-yet-unnamed new entity will be owned 60% by Pembina and 40% by KKR....

CANADIAN PACIFIC RAILWAY, $104.21, (Toronto symbol CP; shares outstanding: 929.7 million; Market cap: $95.9 billion; Rating: Above Average; Dividend yield: 0.7%) is still a buy.


U.S.-based activist investor Bill Ackman, through his Pershing Square hedge fund, now owns 2.8 million shares of CP....

Here are two of our top safety-conscious utility recommendations. Both have strong growth plans in place, which should boost their cash flow to pay for dividend increases as well as boost their share prices.


TELUS, $32.26, is a buy. The stock (Toronto symbol T; Shares o/s: 1.4 billion; Market cap: $44.4 billion; TSINetwork Rating: Above Average; Dividend yield: 4.1%; www.telus.com) gives you a stake in a wireless business with 11.42 million subscribers....

The major Canadian and U.S. stock markets, while subject to volatility, have moved back up since their initial COVID-19 drop. Nonetheless, we think that if you can afford to stay in the market for several years or longer, now is still a good time for new buying....

A: Richards Packaging Income Fund, $46.53, symbol RPI.UN on Toronto (Units outstanding: 11.0 million; Market cap: $526.6 million; www.richardspackaging.com), is a full-service packaging maker and distributor to small- and medium-sized North American businesses in the cosmetics (25% of sales), healthcare (40%), food & beverage, and other industries (35%).

The fund first sold stock to the public at $10 a unit and began trading on Toronto in April 2004....

DESKTOP METAL INC., $4.61, symbol DM on New York, is a Massachusetts-based manufacturer of 3D printing systems.

Founded in 2015, the company believes that its 3D printing technology is up to 100 times faster than traditional legacy systems. Its customers include many of the major automotive manufacturers, including Ford, Toyota, Nissan, BMW, GM and Volkswagen....