canadian

CANADIAN TIRE CORP., $152.95, 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....

This month we highlight a natural resources ETF actively managed by a team with a strong track record. We also consider an ETF that invests in smaller U.S.-listed companies that are considered high-quality and pay regular dividends.


Mackenzie Core Resources ETF $20.97 (Toronto symbol MORE) invests mainly in the shares of Canadian companies involved in oil and gas production as well as mining.


The fund intends to keep at least 80% of the portfolio invested in Canadian companies, with the balance spread across the world....

With 240,000 employees and a market value of $92 billion U.S., Infosys is one of the largest, and best-performing Indian companies. The company operates globally in 56 countries and is considered to be among the top global IT consulting firms.


Software services provide the bulk of the company’s revenues at 94%....

The Indian economy continues to expand rapidly and increased consumption among a growing middle class is expected to support that growth over the medium term. The Indian stock market has also performed well over the past five years, easily beating the emerging markets index and keeping pace with the broad developed markets index....

The Canadian ETF market experienced another strong month in September 2024, with $5.8 billion in new money flowing into Canadian-listed ETFs. That brought the total inflow for the first nine months of the year to $48.8 billion—62% higher than the same period in 2023.


The total Canadian ETF asset base was valued at $481 billion at the end of September 2024....

Over the long term, most stock markets move up. But there are times when sharp declines inflict heavy losses on investors’ portfolio holdings. For example, in 2008 to 2009, U.S. stock markets declined by 51%; in 2020, they dropped by 34%; and in 2022, they fell 25%....

Consumer confidence is starting to rebound now that inflation is easing and interest rates are falling.


That’s good news for these leading retailers. They should also benefit as supply chains normalize after the COVID-19 disruptions. Moreover, all three continue to trade at attractive multiples to their projected earnings and are increasing their dividends.


LOBLAW COMPANIES LTD....

Discover which five Canadian insurers we recommended in the Globe & Mail for scoring high marks with our TSI Dividend sustainability ratings.

WELL HEALTH TECHNOLOGIES CORP., $5.34, is a buy. The company (symbol WELL on Toronto) owns and operates Canada’s largest network of clinics supporting primary care, specialized care and diagnostics services. As of September 30, 2024, the company had a total of 110 physical facilities across Canada.

In the U.S., WELL Health provides healthcare services and solutions targeting specialized markets such as the gastrointestinal market, women’s health, primary care, and mental disorders.

WELL Health USA Patient Services consists of three assets: CRH Medical, Provider Staffing, Circle Medical and Wisp.

CRH delivers specialized care services focused on providing gastroenterologists throughout the U.S....

BCE INC., $39.49 Toronto symbol BCE, remains your #1 Income Buy for 2024, as well as long-term gains.

The company is Canada’s largest traditional telephone service provider. It has 1.88 million residential customers in Ontario, Quebec, Manitoba and the Atlantic provinces....