TD

BANK OF NOVA SCOTIA, $74.80, Toronto symbol BNS, remains a buy.

The stock dropped 5% this week after it reported weaker-than-expected quarterly results.

In its fiscal 2022 third quarter, ended July 31, 2022, Bank of Nova Scotia set aside $412 million to cover future loan losses....
TORONTO-DOMINION BANK, $86.45, Toronto symbol TD, is a buy.

TD last raised your quarterly dividend with the January 2022 payment. Investors now receive $0.89 a share, up 12.7% from $0.79. The new annual rate of $3.56 yields a high 4.1%.

The bank has now agreed to acquire U.S.-based investment banking firm Cowen Inc....
TORONTO-DOMINION BANK, $83.44, Toronto symbol TD, is a buy.

The bank has agreed to acquire U.S.-based investment banking firm Cowen Inc. (Nasdaq symbol COWN). Founded in 1918, Cowen provides a wide range of services to corporate clients, including brokerage, stock and bond underwriting, initial public offerings and advice on mergers and acquisitions.

TD will pay $1.3 billion U.S....
TD BANK, $83.93, (Toronto symbol TD; Shares o/s: 1.8 billion; Market cap: $149.4 billion; TSINetwork Rating: Above Average; Dividend yield: 4.2%; www.td.com) is a buy. The bank has just announced the acquisition of Cowen Inc....
INTERNATIONAL BUSINESS MACHINES CORP., $130.79, New York symbol IBM, is a buy.

The company is one of the world’s largest computer firms, with operations in over 175 countries.

With the June 2022 payment, IBM raised your quarterly dividend by 0.6%, to $1.65 a share from $1.64....
FINANCIAL 15 SPLIT CORP. $9.38 (Toronto symbol FTN; Shares o/s: 28.3 million; Market cap: $265.5 million; Dividend yield: 16.3%; www.quadravest.com) holds shares of 15 big Canadian and U.S....
SUNCOR ENERGY INC., $39.78, Toronto symbol SU, remains a buy.

The company is Canada’s largest integrated oil firm, with major projects in the Alberta oil sands. Suncor also operates four refineries (three in Canada and one in Colorado), along with 1,875 Petro-Canada gas stations.

This week, Suncor announced a new deal with activist investment firm Elliott Management, which owns 3.4% of the company’s shares.

Under this agreement, Suncor appointed three of Elliott’s representatives to its now 13-member board of directors....
Governments around the world know the benefits that flow from upgrading infrastructure. However, stretched budgets because of the pandemic—as well as a reluctance to raise taxes—have limited the ability of governments to initiate new projects or to even expand existing ones....
TD BANK, $84.77, (Toronto symbol TD; Shares o/s: 1.8 billion; Market cap: $152.9 billion; TSINetwork Rating: Above Average; Dividend yield: 4.2%; www.td.com) is a buy. The bank now expects to complete its $13.4 billion U.S. acquisition of Tennessee-based First Horizon Corporation (New York symbol FHN) in early 2023....
The major Canadian and U.S. stock markets, while subject to volatility, have moved back up since their initial COVID-19 drop. Nonetheless, we think that if you can afford to stay in the market for several years or longer, now is still a good time for new buying....