canadian

LOBLAW COMPANIES, $118.69, is a buy. The retailer (Toronto symbol L; Shares outstanding: 321.0 million; Market cap: $38.4 billion; TSINetwork Rating: Above Average; Dividend yield: 1.5%; www.loblaw.ca), operates 1,099 supermarkets under several banners, including Loblaws, Zehrs, Provigo, Real Canadian Superstore and No Frills....

ISHARES S&P/TSX REIT INDEX ETF, $16.39, 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. Investors pay an MER of 0.61%, and the fund gives you a 4.9% yield.


The iShares...

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....

WELL HEALTH TECHNOLOGIES CORP., $4.59, is a buy. The company (symbol WELL on Toronto) owns and operates Canada’s largest network of clinics supporting primary care, specialized care and diagnostics services. In the U.S., WELL Health provides healthcare services and solutions targeting specialized markets such as the gastrointestinal market, women’s health, primary care, and mental disorders.

As well, in addition to providing patient services, the company sells its own suite of technology software and solutions to medical clinics and healthcare practitioners....

EMERA INC., $56.38, Toronto symbol EMA, is a buy.

The company owns 100% of Nova Scotia Power, that province’s main electricity supplier. It also owns 100% of Tampa Electric, which provides electricity to more than 765,000 customers. Its other interests include several power plants and natural gas pipelines in the U.S....

ROYAL BANK OF CANADA, $123.08, Toronto symbol RY, is a buy.

Canada’s largest bank by market capitalization earned $3.69 billion before unusual items in its fiscal 2023 second quarter, ended April 30, 2023. That’s down 12.7% from $4.23 billion a year earlier....

NEWELL BRANDS INC. $8.71 remains a hold. The company (Nasdaq symbol NWL; Conservative-Growth Payer Portfolio, Manufacturing & Industry sector; Shares outstanding: 414.1 million; Market cap: $3.6 billion; Dividend yield: 3.2%; Dividend Sustainability Rating: Average; www.newellbrands.com) makes a wide range of consumer and household products such as PaperMate pens, Elmer’s glue, Rubbermaid food containers, Graco baby strollers, Coleman camping gear and Oster kitchen appliances.


With the June 2023 payment, Newell will cut its quarterly dividend by 69.6%, to $0.07 a share from $0.23....

Worries about the trend to remote work, even as the pandemic lifted, have weighed on these two office-focused REITs. However, their high-quality properties should continue to attract tenants and support their distributions.


ALLIED PROPERTIES REAL ESTATE INVESTMENT TRUST $23 is a buy. The REIT (Toronto symbol AP.UN; Cyclical-Growth Dividend Payer Portfolio, Manufacturing sector; Units outstanding: 139.8 million; Market cap: $3.2 billion; Distribution yield: 7.8%; 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 its monthly distribution by 2.9%....

A: Canadian Apartment Properties REIT, $48.67, symbol CAR.UN on Toronto (Units outstanding: 167.4 million; Market cap: $8.2 billion; www.capreit.ca) owns multi-unit residential properties, including apartments, townhomes and manufactured home communities (trailer parks)....

GOODYEAR TIRE & RUBBER CO., $14.02, 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.

In June 2021, Goodyear acquired Cooper Tire & Rubber Co (symbol CTB on New York) for $2.8 billion....