canadian

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....
ALPHABET INC., Nasdaq symbols GOOG $164.52 [class C: non-voting] and GOOGL $163.24 [class A: one vote per share], is your #1 Aggressive buy for 2024.

The company is the parent of Google, the world’s leading Internet search engine—it handles over 80% of global search requests....
TORONTO-DOMINION BANK, $78.48, Toronto symbol TD, remains a buy for patient, income-seeking investors.

The stock fell 9% this week after the bank agreed to pay a fine of $3.09 billion U.S. due to lapses in its anti-money laundering processes at its U.S....
MOLSON COORS CANADA INC. is a hold. The company (Toronto symbols TPX.A $67 and TPX.B $74; Conservative Growth and Income Portfolios, Consumer sector; Shares outstanding: 215.7 million; Market cap: $15.4 billion; Price-to-sales ratio: 1.0; Dividend yield: 3.0%; TSINetwork Rating: Average; www.molsoncoors.com) is the world’s fifth-largest beer brewer....
These two firms, which provide a variety of specialized real estate services, are hitting new all-time highs. That’s partly due to acquisitions that expand their market share and attract new clients. We feel both can move even higher as falling interest rates spur construction and renovation activity.


FIRSTSERVICE CORP....

TC Energy has now 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 will not be liable for capital gains taxes until they sell their new shares.


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