canadian

TECK RESOURCES LTD., $49.40, Toronto symbol TECK.B, remains a buy for investors seeking long-term gains from the Resources sector of their portfolio.

The company is a leading producer of metallurgical coal, a key ingredient in steelmaking....

Thanks to acquisitions, these two firms now carry high debt burdens. In response, activists want them to sell assets and pay down debt. We agree with the activists, but these two firms will probably resist their pressure.


GFL ENVIRONMENTAL INC....

A: We’re not tax experts, so you might want to consider talking to an expert, especially if there are large funds involved.

However, transferring shares in kind into a TFSA does trigger a capital gain or loss for income tax purposes.

If the investment is in a capital gains position, you will have to declare it as a capital gain on your income tax return....

ADF GROUP INC., $5.27, symbol DRX on Toronto, designs and engineers connections, fabrication, heavy steel built-ups, and miscellaneous and architectural metalwork. It provides its services from a 630,000-square-foot fabrication plant in Quebec and a 100,000-square-foot fabrication plant in Montana.

The company’s clients include general contractors, project owners, engineering firms and project architects, structural steel erectors, and other steel structure fabricators....

CANADIAN TIRE CORP., $140.31, Toronto symbol CTC.A, is a top buy for 2023.

Investors benefit from the company’s 502 Canadian Tire stores. They sell automotive parts and services, and household and sporting goods; franchisees run most of the locations....

CGI INC., $137.75, Toronto symbol GIB.A, is your #1 Aggressive Buy for 2023.

The stock lets investors tap Canada’s largest provider of computer outsourcing services. It helps its clients automate certain routine functions like accounting and buying supplies....

SUNCOR ENERGY INC. $43 is a buy. The company (Toronto symbol SU; Conservative Growth Portfolio, Resources sector; Shares o/s: 1.3 billion; Market cap: $55.9 billion; Price-to-sales ratio: 1.1: Dividend yield: 4.8%; TSINetwork Rating: Average; www.suncor.com) recently announced a new strategy under which it will focus on its core oil sands projects in Alberta and improve its efficiency.


Under that plan, Suncor has now agreed to buy French oil producer TotalEnergies SE’s remaining Canadian operations, including its 31.23% stake in Alberta’s Fort Hills oil sands project, for $1.47 billion....

Royal Bank’s shares are down roughly 17% from their recent peak of $140 in February 2023. That’s mainly due to fears that higher interest rates will hurt new loan demand and lead to more writedowns of its current loans.


However, banking regulators have toughened lending standards and mortgage stress-test levels in the past few years....

We continue to recommend all investors maintain some exposure to the Resources sector—typically about 20% of your total portfolio. That’s mainly because resource stocks act as a hedge against inflation.


To further cut your risk, investors should stick with producers, such as the three we analyze below, with large reserves and low-cost operations....

BCE INC. $53 is a buy. Canada’s largest provider of telecommunication services (Toronto symbol BCE; Conservative Growth and Income Portfolios, Utilities sector; Shares outstanding: 912.3 million; Market cap: $48.4 billion; Price-to-sales ratio: 2.0; Dividend yield: 7.3%; TSINetwork Rating: Above Average; www.bce.ca) plans to cut its capital spending in response to a decision by the Canadian Radio-television and Telecommunications Commission (CRTC) that forces it to open its high-speed Internet systems in Ontario and Quebec to smaller competitors.


Since 2020, BCE has spent $18 billion on upgrades to its fibre-optic Internet and wireless networks....