investment

TMX GROUP LTD., $31.50, symbol X on Toronto, is an operator of public trading platforms and a provider of ancillary services. The company owns Canada’s two primary stock exchanges, the Toronto Stock Exchange and the Montreal Exchange, as well as clearing entities for domestic Canadian markets (CDS and CDCC)....

RUSSEL METALS INC., $44.00, is a buy. Through their shares, investors tap one of North America’s largest metal distributors: the company (symbol RUS on Toronto) serves 33,000 clients at 48 locations in Canada and 16 others in the U.S.

Russel has now added Stewart Burton to its board of directors....

IMPERIAL OIL LTD., $78.60, Toronto symbol IMO, is a buy.

The company gets over 90% of its production from oil sands operations in Alberta. Imperial also has conventional oil and natural gas operations in the West and holds stakes in offshore projects in Atlantic Canada.

Its other operations include three refineries (one in Alberta, two in Ontario) and a petrochemical plant in Sarnia, Ontario.

With the July 2023 payment, the company raised your quarterly dividend by 13.6%, to $0.50 a share from $0.44....

Top penny pick Amerigo Resources offers a very high 8.5% yield while the shares have delivered a 62.1% gain in just the last three years.

These two REITs own some of the best properties in Canada’s biggest cities. Despite the disruptions caused by the work from home and online shopping trends, those high-quality holdings should continue to attract tenants.


ALLIED PROPERTIES REAL ESTATE INVESTMENT TRUST, $20.10, is a buy. The REIT (Toronto symbol AP.UN; Units outstanding: 128.0 million; Market cap: $2.8 billion; TSINetwork Rating: Average; Dividend yield: 9.0%; www.alliedreit.com) owns 200 office buildings and 13 properties under development, mainly in major Canadian cities....

VANECK VECTORS VIETNAM ETF, $12.85, is a buy for aggressive investors. This emerging-markets ETF (New York symbol VNM) taps the leading Vietnamese firms as well as foreign firms that get a significant share of their revenue from this Southeast Asian nation....

Insurers write policies, collect premiums from customers, and then invest those premiums to meet future claims. That need to cover claims means they invest significant amounts of their funds in fixed-income instruments, primarily bonds. That also means high interest rates are a boon to their returns....

Are you trying to succeed with investments? Our Successful Investor approach is a highly successful investment strategy we teach to our subscribers.

A: An American Depositary Receipt, or ADR, is a proxy for a foreign stock that trades in the U.S. and represents a specified number of shares in the foreign corporation. ADRs are bought and sold on U.S. stock markets, just like regular stocks, and are issued or sponsored in the U.S....

Here’s hoping you had a great time over the holidays! This year, we’re starting our first Inner Circle of 2024 with something a little out of the ordinary.

As you know, our Inner Circle Q&A is all about answering readers’ questions. For this opening spot, we often choose a unique question, or one with wide appeal—about a stock, an investment practice, or anything investment-related.

This year we devote the opening spot to what some readers may see as an unusual question: “Pat, what happened to The Investment Reporter? Why did it suddenly quit publishing, without giving notice or refunding subscription fees to its subscribers?”

As some of you know, I got my first serious newsletter job in the 1970s, as editor of The Investment Reporter....