canadian

This country’s traditional retailers, like Canadian Tire, face rising competition from big U.S. chains, like Walmart and Costco, as they continue to expand in Canada. As well, consumers are now spending less on non-essential items as they adjust to high prices and interest rates.

We feel Canadian Tire will overcome any challenges, as it has for over 100 years....

Exploring the Controversial Revival of the 60/40 Rule and its Impact on Investment Advisors and Clients. Keep reading for more.

NVIDIA CORP., $460.18, 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.

The stock gained 8% this week after the company reported better-than-expected quarterly results but also increased its forecast revenue for the current quarter....

ROYAL BANK OF CANADA, $121.02, Toronto symbol RY, is a buy.

The bank continues to benefit from higher interest income on its loans due to higher interest rates. As well, it cut the number of full-time employees by 1% in the latest quarter, and it plans to further reduce headcount by 1% to 2% in the current quarter.

In its 2023 third quarter, ended July 31, 2023, Royal’s earnings before unusual items rose 11.4%, to $2.84 a share (or a total of $3.96 billion) from $2.55 a share (or $3.56 billion) a year earlier....

In 2022, CN failed in its attempt to acquire U.S. railway Kansas City Southern; KCS later merged with rival Canadian Pacific. However, CN used the termination fee it received from KCS to increase its dividend and buy back shares. The company’s strong focus on efficiency will also push its earnings higher.


CANADIAN NATIONAL RAILWAY CO....

POWER CORP. OF CANADA $36 is a buy. The conglomerate (Toronto symbol POW; Conservative-Growth Dividend Payer Portfolio, Finance sector; Shares outstanding: 667.1 million; Market cap: $24.0 billion; Dividend yield: 5.8%; 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)....

Russel Metals recently increased its dividend for the first time in nine years, while Calian has held its dividend steady for the past 11 years. Despite the lack of regular increases, both remain quality picks for income-seekers due to their high share of niche markets.


RUSSEL METALS INC....

These two REITs hold some of the best properties in Canada’s biggest cities. Those assets should let them keep raising your distributions.


ALLIED PROPERTIES REAL ESTATE INVESTMENT TRUST $21 is a buy. The REIT (Toronto symbol AP.UN; Cyclical-Growth Dividend Payer Portfolio, Manufacturing sector; Units outstanding: 139.8 million; Market cap: $2.9 billion; Distribution yield: 8.6%; Dividend Sustainability Rating: Above Average; www.alliedreit.com) owns 199 office buildings and 13 properties under development, mainly in major Canadian cities.


With the January 2023 payment, Allied raised your monthly distribution by 2.9%....

CANOE EIT INCOME FUND $13 (Toronto symbol EIT.UN; Units o/s: 171.4 million; Market cap: $2.2 billion; Divd. yield: 9.2%; www.canoefinancial.com) is a closed-end fund that invests in a portfolio of dividend paying stocks....

A: Johnson Controls International, $58.50, symbol JCI on New York (Shares outstanding: 680.3 million; Market cap: $40.0 billion; www.johnsoncontrols.com), manufactures commercial and residential HVAC equipment, industrial refrigeration systems, controls, security systems, fire-detection systems and fire-suppression solutions.

The company also provides technical services, including maintenance, management, repair, retrofit and replacement of equipment (in the HVAC, industrial refrigeration, security and fire-protection markets)....