canadian

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%....

ROYAL BANK OF CANADA, $170.98, Toronto symbol RY, is a buy.

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....

Hudbay Minerals expanding copper and gold production has now positioned it as a leading player in the mining sector.

ENBRIDGE INC. $60 is a buy. The company (Toronto symbol ENB; Income-Growth Payer Portfolio, Utilities sector; Shares outstanding: 2.2 billion; Market cap: $132.0 billion; Dividend yield: 6.3%; Dividend Sustainability Rating: Highest; www.enbridge.com) operates pipelines that pump oil and natural gas from Western Canada eastward as well as to the U.S....

Canadian Tire gets 15% of the goods it sells from the U.S., so it’s vulnerable to potential tariffs and counter tariffs. However, the company is confident it can replace most of those items from suppliers in Canada and other countries. Meanwhile, investors will continue to benefit from regular dividend hikes and share buybacks.


CANADIAN TIRE CORP....

NORTH WEST COMPANY $48 is a buy. This retailer (Toronto symbol NWC; High-Growth Payer Portfolio, Consumer sector; Shares outstanding: 48.4 million; Market cap: $2.3 billion; Dividend yield: 3.3%; Dividend Sustainability Rating: Above Average; www.northwest.ca) sells food and everyday products and services at 227 stores, mainly in northern communities across Canada, as well as in Alaska, the South Pacific and the Caribbean.


With the October 2024 payment, North West raised your quarterly dividend by 2.6%....