canadian

K-BRO LINEN INC., $36.96, symbol KBL on Toronto, is the largest owner and operator of laundry and linen processing facilities in Canada. K-Bro operates across Canada and the U.K. and provides a range of linen services to healthcare institutions, hotels and other commercial accounts that include the processing, management and distribution of general linen and operating room linen.

K-Bro currently operates ten processing facilities and two distribution centres under two distinctive brands, including K-Bro Linen Systems Inc....

TC ENERGY INC., $69.65, Toronto symbol TRP, is a buy.

On October 1, 2024, the company completed the spinoff of its oil pipeline business as separate company South Bow Corp. (see below). Investors received 0.2 of a South Bow share for every TC share they held....

Long-time readers know that we aim to keep you informed of important news about the stocks we cover. That means highlighting developments and plans that promise to bolster investor gains. Here are two buys that stand out this month:


GEN DIGITAL INC., $29.44, is a buy. The firm (Nasdaq symbol GEN; TSINetwork Rating: Extra Risk) (gendigital.com; Shares o/s: 616.2 million; Market cap: $18.1 billion; Dividend yield: 1.7%) is the parent company for several security-related consumer brands, including Norton, LifeLock, and Avast, in addition to Avira, AVG, and CCleaner.


Gen continues to attract new customers....

Like most silver stocks, Hecla Mining is heavily influenced by silver prices. But we think the direction of silver prices—and for Hecla shares—is upward. Meanwhile, the company has made a good addition to its board of director.


HECLA MINING, $5.62, is a buy. This silver and gold miner with four mines (New York symbol HL; TSINetwork Rating: Extra Risk) (www.hecla-mining.com; Shares outstanding: 637.0 million; Market cap: $3.6 billion; Dividend yield: 0.3%) has just added a new member to its board of directors—one with a Canadian connection.


The company has appointed Jill Satre to the board, effective October 16, 2024....

CHEMED CORP., $557.95, symbol CHE on New York, operates two wholly owned subsidiaries: VITAS Healthcare and Roto-Rooter. The two units are in distinctly different businesses and have completely separate operations.

VITAS (65% of sales) is the largest provider of end-of-life hospice services in the U.S., and Roto-Rooter (35%) is the nation’s leading provider of plumbing and drain-clearing services.

In April 2024, VITAS acquired Covenant Health and Community Services Inc.'s hospice assets and assisted living facility for $85.0 million in cash....

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....