canadian

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AGNICO EAGLE MINES LTD., $112.41, symbol AEM on Toronto, owns currently producing gold mines in Canada, Australia, Finland and Mexico.

Specifically, it owns the La Ronde, Canadian Malartic, Goldex, Maccassa, Detour Lake, Meliadine, Meadowbank and Hope Bay mines in Canada....
CANADIAN TIRE CORP., $153.58, Toronto symbol CTC.A, is a top pick for 2024.

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....
IMPERIAL OIL LTD., $88.61, Toronto symbol IMO, is a buy.

This company gets over 90% of its production from oil sands operations in Alberta. Imperial also has conventional oil and natural gas operations in the West and holds stakes in offshore projects in Atlantic Canada.

Its other operations include three refineries (one in Alberta, two in Ontario) and a petrochemical plant in Sarnia, Ontario.

Imperial now plans to spend between $1.9 billion and $2.1 billion on capital upgrades and exploration in 2025....
To conserve cash for new projects, Emera has slowed the pace of its planned dividend hikes. However, the new policy will make the payment more sustainable. At the same time, the company’s new projects will spur its growth.


EMERA INC. $54 is a buy. The company (Toronto symbol EMA; Income-Growth Portfolio, Utilities sector; Shares outstanding: 292.8 million; Market cap: $15.8 billion; Dividend yield: 5.4%; Dividend Sustainability Rating: Highest; www.emera.com) owns 100% of Nova Scotia Power, that province’s main electricity supplier....
In the past few years, insurance giant Sun Life has expanded its operations in Asia. Specifically, it’s in China, Hong Kong, India, Indonesia, Malaysia, the Philippines, Singapore and Vietnam, and the region now contributes about 18% of earnings.


The company also continues to benefit from the aging North American population, with rising demand for health insurance and wealth management services.


We expect these factors to drive the company’s earnings—and your dividend—over the next several years.


SUN LIFE FINANCIAL INC....
We see both Calian and Wajax as having bright futures given their high-demand services and the resulting growth prospects. Meanwhile, each stock offers you a sustainable yield. Both are buys.


CALIAN GROUP, $47.73, is a buy. The stock (Toronto symbol CGY; TSINetwork Rating: Extra Risk) (calian.com; Shares outstanding: 11.8 million; Market cap: $555.0 million; Dividend yield: 2.4%) lets investors tap the Ottawa-based company’s four main operating segments:


Advanced Technologies offers products and engineering services for the space, communications, nuclear, agriculture, defence and government sectors....
A: Richelieu Hardware Ltd., $38.16, symbol RCH on Toronto (Shares outstanding: 55.2 million; Market cap: $2.1 billion; www.richelieu.com), imports, makes and distributes specialty hardware products.

The company sells to manufacturers of kitchen, bathroom, storage and closet cabinetry as well as makers of home and office furniture, and doors and windows....
VSE CORP., $108.21, symbol VSEC on Nasdaq, provides aftermarket distribution and repair services through its two operating segments: Aviation (74% of revenue) and Fleet (26%).

The Aviation unit provides aftermarket parts, distribution and maintenance, repair, and overhaul (MRO) services....
TORONTO-DOMINION BANK, $75.87, Toronto symbol TD, remains a buy for patient, income-seeking investors.

With the January 2025 payment, TD will raise your quarterly dividend by 2.9%. Investors will then receive $1.05 a share instead of $1.02....