canadian

ANDREW PELLER LTD. (class A shares) remains a buy for long-term gains.

The company, Toronto symbols ADW.A (non-voting) $3.79 and ADW.B $5.05, is Canada’s second-largest wine producer, after Arterra Wines.

In its fiscal 2024 fourth quarter, ended March 31, 2024, Peller’s sales rose 9.4%, to $85.01 million from $77.71 million a year earlier....
ELI LILLY AND COMPANY, $878.45, is a buy. The drugmaker (symbol LLY on New York) discovers, develops, manufactures, and markets human pharmaceutical products.

This week, Lilly’s stock continued to hit new all-time highs as the drugmaker moved one step closer to winning approval for its Donanemab Alzheimer’s drug.

This week, the drug received support from a panel of experts who advise the U.S....
TC ENERGY INC., $53.25, Toronto symbol TRP, is a buy.

TC generates steady cash flow for investors mainly through a 93,600-kilometre pipeline network that pumps natural gas from Alberta to eastern Canada and the U.S. Its other operations include 4,900 kilometres of crude oil pipelines and 13 power plants.

With the April 2024 payment, TC raised your quarterly dividend by 3.2%....
BCE INC., $45.18, Toronto symbol BCE, is still your #1 Income Buy for 2024.

The company is Canada’s largest traditional telephone service provider. It has 1.98 million residential customers in Ontario, Quebec, Manitoba and the Atlantic provinces....
SAPUTO INC. $30 is a hold. The company (Toronto symbol SAP; Aggressive Growth Portfolio, Consumer sector; Shares outstanding: 424.3 million; Market cap: $12.7 billion; Price-to-sales ratio: 0.7; Dividend yield: 2.5%; TSINetwork Rating: Average; www.saputo.com) is Canada’s largest producer of dairy products....
High-yielding power utility stocks like Emera have struggled in the past few years, as rising interest rates increased the costs of new projects and raised their interest payments.


However, Emera stands to gain now that the Bank of Canada has begun cutting its benchmark interest rate....
ROYAL BANK OF CANADA, $146.35, Toronto symbol RY, is a buy.

With the August 2024 payment, Royal will raise your quarterly dividend by 2.9%. Investors will then receive $1.42 a share instead of $1.38. The new annual rate of $5.68 yields 3.9%....
TC ENERGY INC., $54.18, Toronto symbol TRP, is a buy.

TC generates steady cash flow for investors mainly through a 93,600-kilometre pipeline network that pumps natural gas from Alberta to eastern Canada and the U.S. Its other operations include 4,900 kilometres of crude oil pipelines and 13 power plants.

The company’s shareholders have now approved a plan to spin off the oil pipeline business as separate company South Bow Corp....
ISHARES S&P/TSX REIT INDEX ETF, $15.09, is a hold. The ETF (Toronto symbol XRE; buy or sell through brokers; ca.ishares.com) lets investors tap all 16 Canadian real estate investment trusts in the S&P/TSX REIT Index....

Insurers write policies, collect premiums from customers, and then invest those premiums to meet future claims. That need to cover claims means they invest significant amounts of their funds in fixed-income instruments, primarily bonds. That also means high interest rates are a boon to their returns....