Blue chip ETFs focus on Canada

Blue chip ETFs focus on Canada

These two blue chip ETFs hold mostly large-capitalization, widely traded stocks on the Canadian exchange. Both funds mirror, or track, the performance of major stock market indexes as opposed to narrower ones focused on resources or themes, such as solar power or biotech.
Blue chip ETFs… Read More

Power prospers with IGM

POWER CORP., $39.49, is a buy. The conglomerate (Toronto symbol POW; Shares o/s: 622.0 million; Market cap: $26.8 billion; Above Average; Dividend yield: 4.5%; www.powercorporation.com) owns 62.1% of IGM Financial (symbol IGM on Toronto). IGM is Canada’s largest independent mutual-fund provider with $253.1 billion in… Read More

Two Canadian ETFs hold most of Canada’s best stocks

Two Canadian ETFs hold most of Canada’s best stocks

Today, we look at two Canadian ETFs that hold many of the Canadian stocks we recommend for 2021. iShares S&P/TSX 60 Index ETF and iShares Canada Select Dividend Index ETF mirror, respectively, sub-indexes holding the 60 most-heavily trades stocks and 30 of the highest-yielding dividend stocks… Read More

IGM has an overlooked asset

IGM FINANCIAL INC. $44 is a buy. The company (Toronto symbol IGM; Conservative Growth Portfolio, Finance sector; Shares outstanding: 238.5 million; Market cap: $10.5 billion; Price-to-sales ratio: 3.0; Dividend yield: 5.0%; TSINetwork Rating: Above Average; www.igmfinancial.com) is Canada’s largest independent mutual-fund provider with $253.1 billion… Read More

Get a 5.1% yield from IGM Financial

Get a 5.1% yield from IGM Financial

A rising stock market led to an 8.3% jump in revenue for this company during the most-recent quarter.  

Meanwhile, the stock trades at just 11.8 times the company’s 2021 earnings forecast.

IGM FINANCIAL INC. (Toronto symbol IGM; www.igmfinancial.com) is Canada’s largest independent mutual-fund provider. It also offers… Read More