canadian

CANADIAN TIRE CORP. is a buy. The retailer (Toronto symbols CTC (voting) $205 and CTC.A (non-voting) $168; Conservative Growth Payer Portfolio, Consumer sector; Shares outstanding: 60.8 million; Market cap: $10.2 billion; Dividend yield: 2.8%; Dividend Sustainability Rating: Highest; www.canadiantire.ca) will increase its quarterly dividend by 3.3% with the March 2021 payment....

Both of these insurers are positioned to raise their dividends in 2021 as they reap the benefits of recent acquisitions. Still, we see Intact as your best option for new buying.


GREAT-WEST LIFECO INC. $30 is a hold. The company (Toronto symbol GWO; Conservative Growth Payer Portfolio, Finance sector; shares outstanding: 927.9 million; Market cap: $27.8 billion; Dividend yield: 5.8%; Dividend Sustainability Rating: Above Average; www.greatwestlifeco.com) is Canada’s second-largest life insurer, after Manulife Financial....

Canada’s top supermarket operators continue to benefit from the large number of us eating at home due to COVID-19. That should let them keep raising their dividends. In fact, both carry our Highest sustainability rating.


LOBLAW COMPANIES LTD....

We continue to recommend that most Canadian investors hold at least two or three of Canada’s Big Five banks (TD Bank, Bank of Nova Scotia, CIBC, Bank of Montreal and Royal Bank). That’s mainly because of their importance to the Canadian economy, plus their long history of dividend increases.

I asked our Successful Investor research department to draw up this Inner Circle Spotlight report on TD Bank....

These firms have rewarded our subscribers with spectacular gains as demand for their services during the pandemic accelerated. Goodfood has jumped 330.8% since we first recommended the shares in our December 2019 issue of Power Growth Investor at $3.02. WELL Health has soared 520.5% since we first picked the shares in November 2019 at $1.32 a share.


We still see both as buys.


WELL HEALTH TECHNOLOGIES $8.19 is a buy. This operator of medical clinics and industry software provider (Toronto symbol WELL; TSINetwork Rating: Speculative) (www.well.company; Shares outstanding: 159.3 million; Market cap: $1.3 billion; No dividends paid) provides Electronic Medical Records software and services to a network of 1,900 medical clinics (of which it owns 20)....

WAJAX CORP. $18.02 (Toronto symbol WJX; TSINetwork Rating: Extra Risk) (www.wajax.ca; Shares o/s: 20.0 million; Market cap: $360.4 million; Divd. yield: 5.6%) has bought Calgary-based Tundra Process Solutions for $99.1 million. Tundra provides maintenance and technical services to customers in the Western Canadian midstream oil and gas, oil sands, petrochemical, mining, forestry and municipal markets.


Tundra also distributes industrial process equipment from leading manufacturers of valves, instrumentation and controls, motors and drives, control buildings, boilers and water treatment solutions.


For the 12 months ended November 30, 2020, the company had revenues of approximately $147.8 million....

For 2021, we’ve chosen IBM as your #1 Spinoff Buy.

The company’s shares have lagged other big tech stocks in the past year. That’s mainly due to concerns that IBM’s older, slower-growing legacy businesses were holding back its faster-growing cloud computing operations....

A: Kneat Inc., $2.54, symbol KSI on the Toronto Venture Exchange (Shares outstanding: 67.4 million; Market cap: $171.2 million; www.kneat.com), designs, develops and supplies software for data and document management within regulated environments....

Investors searching for Canadian penny stocks to buy can up their odds of success if they look for stocks that meet these eight requirements

The speed of the March 2020 stock market decline, as well its rapid recovery to previous peaks, will rank high in the record books. For instance, the 34% drop for the S&P 500 took only 24 days while the recovery to its previous peak was achieved in 150 days.


At the broad market level, the Vanguard Total World Stocks ETF (VT) gained 14.3% for the year....