canadian

CANADIAN TIRE CORP., $146.20, Toronto symbol CTC.A, is a buy.

The company operates 502 Canadian Tire stores, which sell automotive parts and services, and household and sporting goods; franchisees run most of the locations. The company’s other operations also enrich its outlook....

ROYAL BANK OF CANADA, $165.38, Toronto symbol RY, is a buy.

With the February 2025 payment, Royal raised your quarterly dividend by 2.9%. Investors will then receive $1.48 a share instead of $1.42. The new annual rate of $5.92 yields 3.6%.

The bank continues to benefit from its March 2024 purchase of the Canadian operations of U.K.-based HSBC Holdings plc (New York symbol HSBC) for $15.5 billion.

HSBC operates 130 branches that mainly cater to businesses in industries that trade and bank internationally....

NEWMONT CORP., $43.85, remains a buy for long-term growth and as a hedge against inflation. The company (New York symbol NEM; Shares outstanding: 1.1 billion; Market cap: $48.2 billion; TSINetwork Rating: Average; Dividend yield: 2.3%; www.newmont.com) reports that in 2024, gold accounted for 84% of its revenue, followed by copper (7%), silver (4%), zinc (3%) and lead (2%)....

Loblaw and Imperial Oil are leading competitors in their respective markets; look for that to cut your ongoing risk. We see both as attractive buys.


LOBLAW COMPANIES, $187.43, is a buy. The retailer (Toronto symbol L; Shares outstanding: 301.0 million; Market cap: $56.4 billion; TSINetwork Rating: Above Average; Dividend yield: 1.1%; www.loblaw.ca) operates 1,131 supermarkets under several banners, including Loblaws, Zehrs, Provigo, Real Canadian Superstore and No Frills....

TD BANK, $84.99, is a buy for patient income-seeking investors. The lender (Toronto symbol TD; Shares outstanding: 1.8 billion; Market cap: $153.0 billion; TSINetwork Rating: Above Average; Dividend yield: 4.9%; www.td.com) now plans to sell its entire 10.1% stake in Charles Schwab Corp....

The shares of oil and gas stocks remain high as energy demand stays strong. We continue to recommend that most investors maintain some exposure to the oil and gas industry as part of a balanced portfolio—despite tariffs. Still, to cut risk, stick with producers that have positive cash flow even in times of low energy prices....

Most precious-metal stocks dropped along with the market in March 2020. They then quickly reversed that trend to soar for investors, in part because of gold’s appeal as a “safe harbour” in times of economic uncertainty. In fact, in August 2020, gold jumped to over $2,000 U.S....

Enbridge could be hurt by U.S. tariffs on Canadian oil imports. However, the company still plans to spend $7 billion on new projects and upgrades in 2025. Meanwhile, its strong base of assets in the U.S. will help offset tariff risks—in 2024 it generated 59% of its revenue south of the border....

TSI’s exclusive analysis: Nine dividend-paying LNG stocks to capitalize on rising global demand.

INNERGEX RENEWABLE ENERGY INC., $13.60, Toronto symbol INE, is a hold.

The company operates 42 hydroelectric plants, 35 wind farms, 9 solar fields, and three battery energy storage facilities, in Canada, the U.S., Chile and France.

For 2024, Innergex reduced its dividend payout ratio to between 30% and 50% of its free cash flow (operating cash flow less capital expenditures) to provide maximum financial flexibility for investments in new projects.

As a result, the company cut its annual dividend rate by 50.0% to $0.36 a share, which yields 2.6%....