canadian
High interest rates boost bond yields—and their appeal with investors. Conversely, those high or rising rates can hurt the appeal of high-yield utilities, and their shares, since utilities are then forced to pay higher interest on their debt. However, with interest rates falling in Canada, and poised to fall in the U.S., the outlook for high-quality utilities is attractive for investors seeking high dividend yields and growth prospects.
Below we discuss two utilities ETFs....
Below we discuss two utilities ETFs....
Canadian Tire’s class A shares are down 3% since the start of 2024, mainly because high interest rates and inflation are prompting consumers to cut spending on discretionary items. However, the company has a long history of adjusting to changing conditions, and a new cost-cutting plan should improve its profitability.
CANADIAN TIRE CORP....
CANADIAN TIRE CORP....
TELUS CORP. $21 is a buy. The telecom provider (Toronto symbol T; Conservative Growth and Income Portfolios, Utilities sector; Shares outstanding: 1.4 billion; Market cap: $29.4 billion; Price-to-sales ratio: 1.6; Dividend yield: 7.4%; TSINetwork Rating: Above Average; www.telus.com) increased your quarterly dividend by 3.5% with the July 2024 payment....
CANADIAN NATIONAL RAILWAY CO. $162 is a buy. The company (Toronto symbol CNR; Conservative Growth Portfolio, Manufacturing sector; Shares outstanding: 664.0 million; Market cap: $107.6 billion; Price-to-sales ratio: 6.1; Dividend yield: 2.1%; TSINetwork Rating: Above Average; www.cn.ca) operates Canada’s largest railway....
The Bank of Canada recently cut its benchmark lending rate, from 5.00% to 4.75%. More cuts seem likely as inflation continues to ease in the wake of the COVID-19 pandemic disruptions.
Lower interest rates will help make it easier for mortgage holders and other borrowers re-finance their loans....
2024 is the fifth year in a row we selected CP Rail (now CPKC after its merger with U.S.-based railway Kansas City Southern) as your #1 Conservative Buy. If you bought the stock five years ago, at the start of 2019, you’ve enjoyed a 121% gain (excluding dividends)! Compare that to the 56% gain for the broader S&P/TSX Composite Index.
We’re even more excited about CPKC’s long-term prospects, particularly as it starts to realize the full benefits of the Kansas City acquisition....
We’re even more excited about CPKC’s long-term prospects, particularly as it starts to realize the full benefits of the Kansas City acquisition....
RXO INC., $26.77, symbol RXO on New York, is a provider of brokered transportation services in Canada and the U.S. The company offers tech-enabled truck brokerage services together with complementary solutions including managed transportation, freight
forwarding and last mile delivery.
RXO operates an “asset light” business model....
forwarding and last mile delivery.
RXO operates an “asset light” business model....
CGI INC., $138.29, Toronto symbol GIB.A, is your #1 Aggressive Buy for 2024.
The company is Canada’s largest provider of computer outsourcing services. It helps its clients automate certain routine functions like accounting and buying supplies....
The company is Canada’s largest provider of computer outsourcing services. It helps its clients automate certain routine functions like accounting and buying supplies....
The major Canadian and U.S. stock markets, while still subject to volatility, continue to offer attractive returns for investors—especially if you buy the top stocks. All in all, we think that if you can afford to stay in the market for several years or longer, now is a good time for new buying....
These two REITs own some of the best properties in Canada’s biggest cities. Despite the disruptions caused by the work from home and online shopping trends, those high-quality holdings should continue to attract tenants.
ALLIED PROPERTIES REAL ESTATE INVESTMENT TRUST, $15.66, is a buy. The REIT (Toronto symbol AP.UN; Units outstanding: 128.0 million; Market cap: $2.2 billion; TSINetwork Rating: Average; Dividend yield: 11.5%; www.alliedreit.com) owns 198 office buildings and eight properties under development, mainly in major Canadian cities....
ALLIED PROPERTIES REAL ESTATE INVESTMENT TRUST, $15.66, is a buy. The REIT (Toronto symbol AP.UN; Units outstanding: 128.0 million; Market cap: $2.2 billion; TSINetwork Rating: Average; Dividend yield: 11.5%; www.alliedreit.com) owns 198 office buildings and eight properties under development, mainly in major Canadian cities....