Telus Corp.

CANADIAN TIRE CORP., $144.07, Toronto symbol CTC.A, is a buy.

Investors benefit from the company’s 502 Canadian Tire stores. They sell automotive parts and services, and household and sporting goods; franchisees run most of the locations. The company’s other operations also enrich its outlook....

BANK OF MONTREAL $128 (www.bmo.com) is a buy. The bank raised your quarterly dividend with the January 2024 payment by 2.7%, to $1.51 a share from $1.47. The new annual rate of $6.04 yields a high 4.7%....

High-yielding utility stocks like Telus have suffered in the past few months as investors shift to bonds. High interest rates are also adding to their debt servicing costs. However, rates will probably come down in the next few months. As well, Telus’s improving cash flow will support its plan to keep raising your dividend.


TELUS CORP....

CGI INC., $144.84, Toronto symbol GIB.A, is your #1 Aggressive Buy for 2024.

The company is Canada’s largest provider of computer outsourcing services. It helps its clients automate certain routine functions like accounting and buying supplies....

METRO INC., $71.12, is a buy. The company (Toronto symbol MRU; Shares outstanding: 227.0 million; Market cap: $16.3 billion; TSINetwork Rating: Average; Dividend yield: 1.9%; www.metro.ca) will close its produce distribution centre based in Ottawa in May....

Telus is down 11% in the past year. That’s largely due to rising interest rates, which tend to increase costs for utilities and so reduce their appeal with investors—despite their high yields. Lower earnings at Telus’s publicly traded Telus International, which helps businesses manage their call centres and websites, has also weighed on the stock.


Regardless, we feel Telus’s long history of rising dividends makes it a strong pick for income-seeking investors....

These two REITs focus on urban properties in Canada’s biggest cities. Those high-quality assets should continue to help them attract tenants and sustain their distributions.


ALLIED PROPERTIES REAL ESTATE INVESTMENT TRUST $18 is a buy. The REIT (Toronto symbol AP.UN; Cyclical-Growth Dividend Payer Portfolio, Manufacturing sector; Units o/s: 128.0 million; Market cap: $2.3 billion; Dist....

Traditional telecommunications service providers, such as Telus and BCE, are trading at substantially lower valuations than other “infrastructure” type companies. This is not only true for Canadian companies, but also for U.S. and other similar companies in Europe.


Infrastructure-type companies such as telecommunications, pipeline, utility, and railroad companies delivered comparable financial results over the past 5 years—so this provides no explanation for the significant valuation differences....

TELUS, $23.93, is a buy. The company (Toronto symbol T; Shares outstanding: 1.5 billion; Market cap: $34.8 billion; TSINetwork Rating: Above Average; Dividend yield: 6.1%; www.telus.com) had 12.87 million wireless subscribers as of September 30, 2023....

ALTAGAS LTD., $27.08, Toronto symbol ALA, is a buy.

The company processes, transports, stores and markets natural gas for producers. It also operates natural gas utilities and is a power generator, with gas-fired, coal-fired, wind, biomass and hydroelectric plants.

Almost all of AltaGas’ assets are now in the U.S....