canadian

The outlook for Canada’s Big Five banks remains bright, particularly as lower interest rates mean they can reduce funds set aside to cover potential loan defaults. Lower loan-loss provisions will in turn push up their earnings and give them more room to increase their dividends.


ROYAL BANK OF CANADA $172 is a buy. The bank (Toronto symbol RY; Conservative Growth and Income Portfolios, Finance sector; Shares outstanding: 1.4 billion; Market cap: $240.8 billion; Price-to-sales ratio: 4.2; Dividend yield: 3.4%; TSINetwork Rating: Above Average; www.rbc.com) continues to benefit from its March 2024 acquisition of the Canadian operations of U.K.-based HSBC Holdings plc (New York symbol HSBC) for $15.5 billion.


So far, eliminating overlapping operations has cut $224 million from Royal’s annual costs....
Capital Group is a privately owned investment manager with global operations. The manager recently launched its first four ETFs in Canada. We highlight the global equity ETF, as well as the international equity ETF.


Capital Group Global Equity Select ETF $25.48 (Toronto symbol CAPG) invests globally in publicly listed companies....
Shortly after the conclusion of the 2024 U.S. Presidential election, the incoming President said he might impose a 25% tariff on imports from Canada and Mexico unless the countries did more to stem what he sees as the flow of migrants and illegal drugs into the U.S.


The U.S....
The Canadian economy ranks among the top 10 globally and is considered to be in the top 20 of the world’s most competitive economies. Notably, the prosperity of our country’s economy is highly dependent on exports to the U.S., its main trading partner. That means tariffs imposed by the U.S....
Here are three more ETF investment ideas for 2025. See the Supplement on page 19 and 20 for more on these funds.


ISHARES GLOBAL INFRASTRUCTURE ETF $50.29 (Toronto symbol CIF; TSINetwork ETF Rating: Aggressive; Market cap: $572.1 million) invests globally in utilities and other companies that provide or manage critical infrastructure....
If you want to find the top stocks to invest in for your portfolio, then look for a history of business success, dividend payments, and capital gains benefits
BOSTON SCIENTIFIC CORP., $94.88, is a buy. The company (symbol BSX on New York) develops and markets medical devices used in minimally invasive procedures. Its products are used for angioplasty (blood vessel repair), blood clot filtration, cardiac rhythm management, catheter-aided ultrasound imaging, and many other surgical procedures....
BANK OF NOVA SCOTIA, $74.10, Toronto symbol BNS, is still a buy.

The bank recently announced that it was shifting its business away from poorly performing Latin American markets. As a result, it now plans to earmark 90% of its capital to its main markets of Canada, the U.S....
CANADIAN PACIFIC KANSAS CITY, $109.63, is a buy. The company (Toronto symbol CP; shares outstanding: 933.3 million; Market cap: $103.4 billion; Rating: Above Average; Dividend yield: 0.7%) ships freight over a 32,190-kilometre rail network....
TC Energy has completed the spinoff of its oil pipeline business as South Bow. Investors received 0.2 of a South Bow share for every TC share they held. They’re not liable for capital gains taxes until they sell their new shares.


The split lets TC Energy better focus on its natural gas pipelines and power plants....