canadian

A: Hamilton Enhanced Canadian Bank ETF, $28.52, symbol HCAL on Toronto, (Units outstanding: 13.5 million; Market cap: $385.0 million; www.hamiltonetfs.com), aims to track the Solactive Canadian Bank Mean Reversion Index.

This index invests in the biggest six Canadian banks—TD, Bank of Montreal, Royal Bank, CIBC, Bank of Nova Scotia and National Bank....

CANADIAN NATIONAL RAILWAY CO., $156.04, Toronto symbol CNR, is a buy.

CN operates Canada’s largest railway. Its 32,200-kilometre network stretches across the country. It also travels down through the U.S. Midwest, connecting Canada to the Gulf of Mexico.

The company is rewarding investors with a 19.1% dividend increase....

IMPERIAL OIL LTD., $54.44, is a buy. The company (Toronto symbol IMO; Shares o/s: 695.6 million; Market cap: $38.1 billion; TSINetwork Rating: Average; Dividend yield: 2.5%; www.imperialoil.ca) is Canada’s third-largest publicly traded oil company after Canadian Natural Resources (No....

CP Rail is well positioned to keep weathering any COVID-19-related slowdowns or disruptions to its shipping markets. Metro is in a similarly strong position as it continues to build on its market position as an essential service during the pandemic. Both stocks are still buys.


CANADIAN PACIFIC RAILWAY $92.52, is a buy. The company (Toronto symbol CP; shares outstanding: 629.7 million; Market cap: $84.3 billion; Rating: Above Average; Dividend yield: 0.8%) ships freight over a 23,700-kilometre rail network, mainly between Montreal and Vancouver....

We have singled out two stocks and one ETF as your #1 buys for 2022. Each offers investors long-term growth prospects at a reasonable price. Meanwhile, all three have successfully weathered the pandemic over the last couple of years and are poised for solid gains as economic growth rebounds.


BANK OF NOVA SCOTIA, $93.10, is a #1 Buy for 2022. The lender (Toronto symbol BNS; Shares outstanding: 1.2 billion; Market cap: $112.1 billion; TSINetwork Rating: Above Average; Dividend yield: 4.3%; www.scotiabank.com) is Canada’s third largest bank.


Bank of Nova Scotia continues to reverse last year’s big increase in loan-loss provisions as the pandemic eases and the economy re-opens....

A: An American Depositary Receipt, or ADR, is a proxy for a foreign stock that trades in the U.S. and represents a specified number of shares in the foreign corporation. ADRs also qualify as ‘investment products’, like the shares of ‘split corps’ (see above).

ADRs are bought and sold on U.S....

A: M Split Corp is a split-share company that holds a substantial block of shares of Manulife Financial, a leading Canadian insurer.

Manulife is a buy recommendation of our Canadian Wealth Advisor newsletter.

“Split corps” are a type of investment product that financial institutions create to provide new investment opportunities for investors, and new revenue opportunities for themselves....

SOLID POWER INC., $5.98, symbol SLDP on Nasdaq, is developing what it sees as a state-of-the-art, all-solid-state rechargeable battery aimed primarily at electric vehicles (EVs).

Colorado-based Solid Power’s technology aims to replace the flammable liquid electrolyte in a conventional lithium-ion battery with an exclusive sulfide-based solid electrolyte....

CANADIAN PACIFIC RAILWAY LTD., $92.27, 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....

RUSSEL METALS INC. $31 is a buy. The company (Toronto symbol RUS; Cyclical-Growth Dividend Payer Portfolio, Manufacturing & Industry sector; Shares outstanding: 63.0 million; Market cap: $2.0 billion; Dividend yield: 4.9%; Dividend Sustainability Rating: Above Average; www.russelmetals.com) is one of the largest metals distributors in North America.


Russel has paid regular quarterly dividends of $0.38 a share since the third quarter of 2014; the annual rate of $1.52 yields a high 4.9%.


In July 2021, the company and Japan’s Marubeni-Itochu Tubulars America combined their respective Canadian OCTG/line pipe businesses....