canadian

Telus and Ovintiv are among the leaders in their respective markets. We still see both stocks as buys.


TELUS, $22.80, is a buy. The stock (Toronto symbol T; Shares outstanding: 1.5 billion; Market cap: $33.8 billion; TSINetwork Rating: Above Average; Dividend yield: 6.6%; www.telus.com) is a Canadian wireless carrier with 13.06 million subscribers....

Generally speaking, Canadians are blocked from buying mutual funds that are registered in the U.S. unless those funds are also registered with provincial securities commissions. (Moreover, some Canadian mutual funds are only available in a limited number of provinces.)


Investors in this country can, however, buy exchange-traded funds, or ETFs, listed on U.S....

We’ve long said that the top five Canadian banks tend to leapfrog each other in investment desirability. That’s why we suggest that most Canadians own two or even three of them—including Bank of Nova Scotia. Its cheap price, prospects for growth and its high yield make it a buy.


BANK OF NOVA SCOTIA, $64.99, is a buy. The lender (Toronto symbol BNS; Shares outstanding: 1.2 billion; Market cap: $79.9 billion; TSINetwork Rating: Above Average; Dividend yield: 6.5%; www.scotiabank.com) is Canada’s third-largest bank.


Due to current economic uncertainty as a result of relatively high interest rates and inflation, Bank of Nova Scotia set aside $1.01 billion to cover future loan losses in its fiscal 2024 second quarter, ended April 30, 2024....

High-quality utility stocks, with their high dividend yields and steady or rising income streams, tend to be sensitive to interest rate increases. TC Energy is no exception. The rise in interest rates in the past couple of years helped push its share price down nearly 30%.

The outlook for interest rates is still uncertain, but TC now offers an attractive buying opportunity, starting with its sustainable dividend yield of 7.4%....

MERCK & CO. INC., $125.54, is a buy. The drugmaker (symbol MRK on New York) is a pharmaceutical leader in oncology, acute-care and animal health drugs as well as vaccines.

Merck has just agreed to acquire privately held biotech EyeBio for as much as $3 billion....

TORONTO-DOMINION BANK, $76.20, Toronto symbol TD, is still a buy.

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 5.4%.

The lender recently set aside $615 million (or $450 million U.S.) for fines it expects to pay due to lapses in its anti-money laundering processes at its U.S....

ROYAL BANK OF CANADA, $148.98, Toronto symbol RY, is a buy.

On March 28, 2024, Royal completed its purchase of the Canadian operations of U.K.-based HSBC Holdings plc (New York symbol HSBC) for $15.5 billion.

HSBC operates 130 branches that mainly cater to businesses in industries that trade and bank internationally....

Johnson Controls International continues to pivot toward higher-margin smart building businesses as it navigates fluctuating demand and economic conditions.

The work continues for these two REITs as they unload their less-promising properties to focus on their main assets. That sets them up for future gains and lets them maintain their current payouts.


ALLIED PROPERTIES REAL ESTATE INVESTMENT TRUST $17 is a buy. The REIT (Toronto symbol AP.UN; Cyclical-Growth Dividend Payer Portfolio, Manufacturing sector; Units outstanding: 128.0 million; Market cap: $2.2 billion; Distribution yield: 10.6%; Dividend Sustainability Rating: Above Average; www.alliedreit.com) owns 198 office buildings and eight properties under development, mainly in major Canadian cities....

Canadian Tire’s class A shares are down about 6% since the start of 2024. That’s mainly due to concerns still-elevated interest rates and higher prices force consumers to spend less on discretionary items.


However, the retailer is doing a good job managing its inventories....