canadian

ROYAL BANK OF CANADA $173 is a buy. The bank (Toronto symbol RY; Income-Growth Payer Portfolio, Finance sector; Shares outstanding: 1.4 billion; Market cap: $242.2 billion; Dividend yield: 3.3%; Dividend Sustainability Rating: Highest; www.rbc.com) is Canada’s largest chartered bank by market cap....

ISHARES CORE MSCI CANADIAN QUALITY DIVIDEND INDEX ETF $30.08 (Toronto symbol XDIV; Units o/s: 57.8 million; Market cap: $1.7 billion; Dividend yield: 4.5%; www.blackrock.com/ca) aims to invest in Canadian stocks with above-average dividend yields and steady or increasing dividends....

Shares of property insurer Intact have more than doubled in the past five years and recently hit a new all-time high. That’s mainly due to savvy acquisitions that expanded Intact’s geographic reach.


The company now expects to pay out higher claims in 2024 as a result of severe weather events in Canada....

A: Empire Company Ltd., $40.37, symbol EMP.A on Toronto (Shares outstanding: 238.5 million; Market cap: $9.7 billion; www.empireco.ca), is primarily a food retailer and also invests in real estate.

The company operates through two segments: Food retailing, and Investments and other operations.

Empire’s Food retailing segment does business through its wholly owned Sobeys business....

A: The Global X Seasonal Rotation ETF, $31.08, symbol HAC on Toronto (Units outstanding: 7.0 million; Market cap: $217.6 million; www.globalx.ca), aims to tactically spread and move around its holdings between stocks, fixed-income investments, commodities and currencies based on historical seasonal trends.

The managers believe that investment markets follow these seasonal trends and so have seasonal rhythms....

MODINE MANUFACTURING CO., $132.79, symbol MOD on New York, provides thermal management products and solutions to customers in the commercial, industrial, and building heating, ventilating, air conditioning, and refrigeration (“HVAC&R”) markets. In addition, it provides engineered heat transfer systems and high-quality heat transfer components.

In the quarter ended June 30, 2024, the company’s revenue increased 6.3%, to $661.5 million from $622.4 million a year earlier....

TORONTO-DOMINION BANK, $77.84, Toronto symbol TD, remains a buy for patient, income-seeking investors.

With the January 2024 payment, TD raised your quarterly dividend by 6.3%. Investors now receive $1.02 a share instead of $0.96. The new annual rate of $4.08 yields a solid 5.2%.

The bank has agreed to pay a fine of $3.09 billion U.S....

BARRICK GOLD CORP., $28.88, is a buy. The company (symbol ABX on Toronto) is the second-largest gold miner in the world after Newmont (symbol NEM on New York, and a recommendation of our Wall Street Stock Forecaster newsletter).

The company reports that it produced lower-than-expected gold in the third quarter ended September 30, 2024, because of a fall in output at its Carlin and Cortez mines in Nevada....

CANADIAN PACIFIC KANSAS CITY LTD., $110.57, Toronto symbol CP, is your #1 Conservative Buy for 2024.

The company ships freight over a 32,190-kilometre rail network. That line runs mainly between Montreal and Vancouver, with links to hubs in the U.S....

TC ENERGY INC., $62.81, Toronto symbol TRP, is a buy.

TC generates steady cash flow for investors mainly through a 93,300-kilometre pipeline network that pumps natural gas from Alberta to eastern Canada and the U.S. It also owns gas pipelines in Mexico, and owns or invests in 10 power plants in Canada and the U.S.

On October 1, 2024, the company completed the spinoff of its oil pipeline business as separate company South Bow Corp....