encana
Toronto symbol ECA, and New York symbol ECA, is a leading North American producer of natural gas and oil.
Welcome to your latest issue of Canadian Wealth Advisor! As always, we feature safety-conscious gainers ready to add to your long-term returns. Encana in undergoing change, but remains one of them.
ENCANA CORP. $5.36, is a buy for the Resources sector of your portfolio. The energy producer (Toronto symbol ECA; Shares outstanding: 1.4 billion; Market cap: $6.7 billion; TSINetwork Rating: Average; Divd....
ENCANA CORP. $5.36, is a buy for the Resources sector of your portfolio. The energy producer (Toronto symbol ECA; Shares outstanding: 1.4 billion; Market cap: $6.7 billion; TSINetwork Rating: Average; Divd....
ROYAL BANK OF CANADA $108 (www.rbc.com) is a buy. Starting with the November 2019 payment, investors receive a quarterly dividend of $1.05 a share, up 2.9% from $1.02. The $4.20 annual rate yields a high 4.0%. Its earnings will likely improve from $8.96 a share in the fiscal year ended October 31, 2019, to $9.39 in 2020....
You have already benefited from CIBC’s longstanding focus on Canada. Now its expansion in the U.S. sets you up for more gains. By tapping into that much bigger market, the bank lifts its growth prospects, cuts its risk and paves the way for stronger dividend increases for its investors.
CANADIAN IMPERIAL BANK OF COMMERCE, $115, is a buy for both your gains and income. The bank (Toronto symbol CM; Conservative Growth and Income Portfolios, Finance sector; Shares outstanding: 445.4 million; Market cap: $51.2 billion; Price-to-sales ratio: 3.0; Dividend yield: 5.0%; TSINetwork Rating: Above Average; www.cibc.com) continues to reduce its focus on Canada, which now accounts for about 90% of its revenue....
BANK OF MONTREAL, $100, is a buy. The bank (Toronto symbol BMO; Conservative Growth and Income Portfolios, Finance sector; Shares o/s: 638.4 million; Market cap: $63.8 billion; Price-to-sales ratio: 2.6; Dividend yield: 4.1%; TSINetwork Rating: Above Average; www.bmo.com) continues to expand its online and mobile platforms as fewer of its clients visit physical branches.
Thanks to those investments, Bank of Montreal has improved its efficiency ratio (non-interest costs, such as employee salaries, divided by revenue—the lower, the better) from 65.5% in the fiscal year ended October 31, 2015, to 59.9% in the quarter ended July 31, 2019....
Thanks to those investments, Bank of Montreal has improved its efficiency ratio (non-interest costs, such as employee salaries, divided by revenue—the lower, the better) from 65.5% in the fiscal year ended October 31, 2015, to 59.9% in the quarter ended July 31, 2019....
TOROMONT INDUSTRIES LTD., $70, is a buy. The company (Toronto symbol TIH; Aggressive Growth Portfolio; Manufacturing & Industry sector; Shares outstanding: 81.5 million; Market cap: $5.7 billion; Price-to-sales ratio: 1.6; Dividend yield: 1.5%; TSINetwork Rating: Extra Risk; www.toromont.com) distributes a range of industrial equipment, including Caterpillar machinery, in eastern Canada....
FORTIS INC., $54, is our #1 Income Buy for 2019. The company (Toronto symbol FTS; Conservative & Income Portfolios, Utilities sector; Shares outstanding: 436.6 million; Market cap: $23.6 billion; Price-to-sales ratio: 2.7; Dividend yield 3.5%; TSINetwork Rating: Average; www.fortisinc.com) plans to invest a total of $18.3 billion between 2020 and 2024 in its operations....
Canadian Utilities recently sold its 12 fossil fuel-fired plants in Canada, plus other non-core assets. The company will likely reinvest the proceeds in new businesses. That will further enhance value for its investors, but also for the shareholders of its parent company, ATCO.
We like both stocks, but CU’s higher dividend and yield make it a better buy for income-seeking investors.
CANADIAN UTILITIES LTD....
We like both stocks, but CU’s higher dividend and yield make it a better buy for income-seeking investors.
CANADIAN UTILITIES LTD....
THOMSON REUTERS CORP. $88 is a buy. The company (Toronto symbol TRI; Conservative Growth Portfolio, Manufacturing & Industry sector; Shares o/s: 501.1 million; Market cap: $44.1 billion; Price-to-sales ratio: 7.6; Dividend yield: 2.2%; TSINetwork Rating: Above Average; www.thomsonreuters.com) now aims to drive investor returns with its focus on selling specialized information to professionals in the legal, and tax and accounting fields.
It also owns the Reuters news service, but sold 55% of its Financial & Risk business (now called Refinitiv) on October 1, 2018, to a consortium led by Blackstone Group LP (New York symbol BX)....
It also owns the Reuters news service, but sold 55% of its Financial & Risk business (now called Refinitiv) on October 1, 2018, to a consortium led by Blackstone Group LP (New York symbol BX)....
LINAMAR CORP., $44, is a buy. The auto parts maker (Toronto symbol LNR; Aggressive Growth Portfolio, Manufacturing & Industry sector;
Shares outstanding: 65.4 million; Market cap: $2.9 billion; Price-to-sales ratio: 0.4; Dividend yield: 1.1%; TSINetwork Rating: Average; www.linamar.com) has rebounded 20% since falling to a low $36.74 on October 3, 2019 now that General Motors has settled a six-week long strike at its U.S....
Shares outstanding: 65.4 million; Market cap: $2.9 billion; Price-to-sales ratio: 0.4; Dividend yield: 1.1%; TSINetwork Rating: Average; www.linamar.com) has rebounded 20% since falling to a low $36.74 on October 3, 2019 now that General Motors has settled a six-week long strike at its U.S....
TECK RESOURCES LTD., $22, is a buy. The company (Toronto symbol TECK.B; Conservative Growth Portfolio, Resources sector; Shares outstanding: 558.4 million; Market cap: $12.3 billion; Price-to sales ratio: 1.0; Dividend yield: 0.9%; TSINetwork Rating: Extra Risk; www.teck.com) gets most of its revenue from its main metallurgical coal, copper and zinc operations....