imperial oil

ALGONQUIN POWER & UTILITIES, $9.52, is a buy. The utility (Toronto symbol AQN; Shares outstanding: 768.2 million; Market cap: $7.3 billion; TSINetwork Rating: Extra Risk; Dividend yield: 3.9%; www.algonquinpower.com) completed the sale of its 42.2% ownership stake in Atlantica Sustainable Infrastructure plc in December 2024 for $1.08 billion (all figures except share price and market cap in U.S. dollars). Algonquin also sold its non-regulated renewable energy business to LS Power in January 2025 for up to $2.5 billion. Today, Algonquin focuses entirely on its regulated utilities, which supply electricity, gas, water distribution and wastewater collection services to 32 million customers in Canada, the U.S., Chile and Bermuda.

PRIMARIS REIT, $17.19, is a buy. The trust (Toronto symbol PMZ.UN; Units o/s: 118.5 million; Market cap: $2.0 billion; TSINetwork Rating: Average; Yield: 5.0%; www.primarisreit.com) has gained full control of all 1.3 million square feet of its leasable area vacated by the former Hudson’s Bay Company. That’s in addition to 500,000 square feet once home to Sears locations.

Dividends can contribute up to a third of your long-term investment returns. Here are 5 Canadian dividend stocks we recommend holding.

Imperial Oil has gained 1,728.5% for our investors since we first recommended it and yet it’s trading at a bargain 8.6 times forecast cash flow right now.

These oil producers also operate refineries, which helps cuts their exposure to volatile oil prices. Investors also benefit from the long life of their high-quality properties, expected to maintain their output for decades to come.

We continue to recommend you maintain some exposure to oil stocks as part of the Resources portion of your stock holdings. High-quality integrated producer Imperial Oil continues to hit new all-time highs—and it’s now up 42% since we made it a #1 Buy for 2024....

The long-term push to sharply cut oil and gas use—including through renewable power generation and electric vehicles (EVs)—will continue. But at the same time, it’s clear that there will be a continuingly prominent role for oil and gas for some time. That means top oil and gas firms will keep profiting—and paying high dividends.


Here are three ETFs that focus on the traditional sources of energy....

Both Suncor and Imperial Oil plan to increase their crude oil production in 2025. The higher output will also let them keep rising their dividends.


SUNCOR ENERGY INC. $49 is a buy. This oil producer (Toronto symbol SU; Cyclical-Growth Payer Portfolio, Resources sector; Shares outstanding: 1.3 billion; Market cap: $63.7 billion; Dividend yield: 4.7%; Dividend Sustainability Rating: Above Average; www.suncor.com) is Canada’s largest integrated oil firm, with major projects in the Alberta oil sands....

Imperial Oil recently traded near its all-time high, before falling back with the market downturn. Even so, for our subscribers, that still translates into a whopping 1,406.6% gain since we first recommended the stock as a buy in April 1995!

Nonetheless, we think Imperial can go even higher....

Loblaw and Imperial Oil are leading competitors in their respective markets; look for that to cut your ongoing risk. We see both as attractive buys.


LOBLAW COMPANIES, $187.43, is a buy. The retailer (Toronto symbol L; Shares outstanding: 301.0 million; Market cap: $56.4 billion; TSINetwork Rating: Above Average; Dividend yield: 1.1%; www.loblaw.ca) operates 1,131 supermarkets under several banners, including Loblaws, Zehrs, Provigo, Real Canadian Superstore and No Frills....