canadian

CANADIAN PACIFIC KANSAS CITY LTD., $97.81, Toronto symbol CP, is your #1 Conservative Buy for 2023.

The company took its current form on April 14, 2023, when Canadian Pacific Railway Ltd. completed the acquisition of U.S.-based railway Kansas City Southern.

CP paid $31 billion U.S....

NVIDIA CORP., $477.76, Nasdaq symbol NVDA, remains a buy, but only for highly aggressive investors.

The company is a leading designer of 3D-capable video chips; they make video games run more smoothly and appear more lifelike. Nvidia has also adapted its chips for other applications, including artificial intelligence (AI), datacentres and self-driving cars.

Nvidia continues to benefit from strong demand for its chips that power AI applications, such as the popular ChatGPT online chatbot/search engine....

MANULIFE FINANCIAL CORP. $26 is a buy. The company (Toronto symbol MFC; Conservative-Growth Payer Portfolio; Finance sector; Shares outstanding: 1.8 billion; Market cap: $46.8 billion; Dividend yield: 5.6%; Dividend Sustainability Rating: Above Average; www.manulife.ca) is Canada’s largest life insurer....

Loblaw and other big grocers are under scrutiny for generating strong profits in the wake of the pandemic. Even through food price inflation is easing, its new stores and cost controls will continue to boost its earnings—and your dividend.


LOBLAW COMPANIES LTD....

POWER CORP. OF CANADA $37 is a buy. The conglomerate (Toronto symbol POW; Conservative-Growth Dividend Payer Portfolio, Finance sector; Shares outstanding: 660.4 million; Market cap: $24.4 billion; Dividend yield: 5.7%; Dividend Sustainability Rating: Above Average; www.powercorporation.com) has several primary investments, including controlling stakes in Canadian financial services firms Great-West Lifeco (insurance) and IGM Financial (mutual funds)....

The shares of these two utilities have suffered in 2023 as higher interest prompted investors to shift into bonds. It now looks like rates will fall in 2024, which should lift their share prices. Meantime, their high-quality assets will continue to let them keep raising their dividends.


CANADIAN UTILITIES LTD....

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 and let these REITs keep raising your distributions.


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: 139.8 million; Market cap: $2.4 billion; Distribution yield: 10.6%; Dividend Sustainability Rating: Above Average; www.alliedreit.com) owns 200 office buildings and 13 properties under development, mainly in major Canadian cities....

The shares of fertilizer producer Nutrien shot up to an all-time high of $147.93 in April 2022 following Russia’s invasion of Ukraine. Russia, and its ally Belarus, are major producers of potash fertilizer and economic sanctions hindered their exports. That helped lift Nutrien’s average potash selling price by 112.8%, to $630 U.S....

GOODYEAR TIRE & RUBBER CO., $14.18, is still a buy. The stock’s investors (symbol GT on Nasdaq) have bought into one of the world’s largest tiremakers, with 57 plants in 23 countries.

Goodyear’s shares took a big jump in mid-May 2023 after activist investor Elliott Management pushed for changes at the tiremaker....

SUNCOR ENERGY INC., $46.33, Toronto symbol SU, remains a buy.

The company is Canada’s largest integrated oil firm, with major projects in the Alberta oil sands. It also operates four refineries (three in Canada and one in Colorado), along with 1,875 Petro-Canada gas stations.

With the December 2023 payment, Suncor will raise your quarterly dividend by 4.8%, to $0.545 a share from $0.53....