TD
Here are two of our leading safety-conscious stock recommendations. Both have prospects for strong growth in their respective industries. Each is a buy.
IMPERIAL OIL LTD., $78.61, is a buy. The company (Toronto symbol IMO; Shares outstanding: 584.2 million; Market cap: $47.8 billion; TSINetwork Rating: Average; Dividend yield: 2.5%; www.imperialoil.ca) is Canada’s third-largest publicly traded oil company after Canadian Natural Resources (No....
A: The iShares S&P/TSX Composite High Dividend Index ETF, $24.44, symbol XEI on Toronto (Units outstanding: 58.7 million; Market cap: $1.4 billion; www.blackrock.com/ca), aims to track the S&P/TSX Composite High Dividend Index, which effectively holds the 75 highest-yielding Canadian stocks.
The index is market-capitalization weighted, with each stock capped at 5% (any stock may rise above 5% temporarily until rebalancing)....
The index is market-capitalization weighted, with each stock capped at 5% (any stock may rise above 5% temporarily until rebalancing)....
The shares TD Bank have dropped 24% from their recent peak of $109 in February 2022. That’s mainly because rising interest rates have forced it set aside more funds for potential loan defaults. At the same time, higher interest rates could trigger a recession, which would cut demand for new loans....
ROYAL BANK OF CANADA, $122.85, Toronto symbol RY, is a buy.
Canada’s largest bank by market capitalization raised your quarterly dividend by 2.3% with the August 2023 payment. Investors now receive $1.35 a share instead of $1.32. The new annual rate of $5.40 yields a solid 4.4%.
The bank continues to benefit from higher interest income on its loans due to higher interest rates....
Canada’s largest bank by market capitalization raised your quarterly dividend by 2.3% with the August 2023 payment. Investors now receive $1.35 a share instead of $1.32. The new annual rate of $5.40 yields a solid 4.4%.
The bank continues to benefit from higher interest income on its loans due to higher interest rates....
TD BANK, $83.43, (Toronto symbol TD; Shares outstanding: 1.8 billion; Market cap: $152.3 billion; TSINetwork Rating: Above Average; Dividend yield: 4.6%; www.td.com) continues to benefit from rising interest rates, which let it earn higher interest income on its loans.
In the three months ended July 31, 2023, revenue rose 12.2%, to $13.01 billion from $11.60 billion a year earlier.
Concerns over higher interest rates and inflation have also prompted TD to set aside $766 million for potential loan losses, up 118.2% from $351 million a year earlier....
In the three months ended July 31, 2023, revenue rose 12.2%, to $13.01 billion from $11.60 billion a year earlier.
Concerns over higher interest rates and inflation have also prompted TD to set aside $766 million for potential loan losses, up 118.2% from $351 million a year earlier....
ROYAL BANK OF CANADA, $121.02, Toronto symbol RY, is a buy.
The bank continues to benefit from higher interest income on its loans due to higher interest rates. As well, it cut the number of full-time employees by 1% in the latest quarter, and it plans to further reduce headcount by 1% to 2% in the current quarter.
In its 2023 third quarter, ended July 31, 2023, Royal’s earnings before unusual items rose 11.4%, to $2.84 a share (or a total of $3.96 billion) from $2.55 a share (or $3.56 billion) a year earlier....
The bank continues to benefit from higher interest income on its loans due to higher interest rates. As well, it cut the number of full-time employees by 1% in the latest quarter, and it plans to further reduce headcount by 1% to 2% in the current quarter.
In its 2023 third quarter, ended July 31, 2023, Royal’s earnings before unusual items rose 11.4%, to $2.84 a share (or a total of $3.96 billion) from $2.55 a share (or $3.56 billion) a year earlier....
TD 1ST PREFERRED CLASS A SERIES 1 $17 (Toronto symbol TD.PF.A) is a preferred-share issue from TD Bank (symbol TD on Toronto).
The TD Series 1 preferreds yield 5.3%. That’s higher than the 4.5% offered by the bank’s common shares.
Note, though, that preferred shares behave more like long-term, fixed-income instruments than short-term instruments....
The TD Series 1 preferreds yield 5.3%. That’s higher than the 4.5% offered by the bank’s common shares.
Note, though, that preferred shares behave more like long-term, fixed-income instruments than short-term instruments....
TELUS CORP., $24.79, Toronto symbol T, is still your #1 Income Buy for 2023.
The company is Canada’s second-largest wireless carrier (after BCE) with 12.16 million subscribers. It also sells landline phone, Internet and TV services in B.C., Alberta and eastern Quebec.
With the July 4, 2023, payment, Telus increased your quarterly dividend by 3.6%, to $0.3636 a share from $0.3511....
The company is Canada’s second-largest wireless carrier (after BCE) with 12.16 million subscribers. It also sells landline phone, Internet and TV services in B.C., Alberta and eastern Quebec.
With the July 4, 2023, payment, Telus increased your quarterly dividend by 3.6%, to $0.3636 a share from $0.3511....
The large U.S.-based fund manager Fidelity has steadily expanded its ETF offerings—both in its home market and in Canada. Here’s a look at two of the six new Fidelity funds recently launched in the Canadian market.
FIDELITY GLOBAL INNOVATORS ETF $10.92 (NEO Exchange symbol FINN) invests globally in companies that the managers feel stand to benefit from the application of new technologies or that employ innovative business models.
The ETF launched on May 19, 2023, and holds $46.4 million in assets....
FIDELITY GLOBAL INNOVATORS ETF $10.92 (NEO Exchange symbol FINN) invests globally in companies that the managers feel stand to benefit from the application of new technologies or that employ innovative business models.
The ETF launched on May 19, 2023, and holds $46.4 million in assets....
Governments around the world know the benefits that flow from developing better infrastructure. However, their stretched budgets and their reluctance to increase taxes constrain their ability to take on those projects. This provides opportunities for public companies to develop and manage these assets.
Meanwhile, companies with exposure to U.S....
Meanwhile, companies with exposure to U.S....