Telus Corp.

Toronto symbol T.A, provides local and long distance telephone service in B.C., Alberta and parts of Quebec, and wireless service across Canada.

CANADIAN TIRE CORP., $168.28, Toronto symbol CTC.A, is a top pick for 2023.

Investors benefit from the company’s 504 Canadian Tire stores. They sell automotive parts and services, and household and sporting goods; franchisees run most of the locations....

High interest rates mean dividend-paying stocks must increasingly compete for investor interest with bonds and other fixed-income instruments. However, focusing on sustainable dividends still offers an attractive and growing income stream for investors—as long as you avoid the riskier strategies that some ETF managers use to boost their yields (see supplement on page 60).


Here are three ETFs that aim to provide high-yield exposure to Canadian, as well as U.S., dividend payers.


VANGUARD FTSE CANADIAN HIGH DIVIDEND ETF $42.00 (Toronto symbol VDY; TSINetwork ETF Rating: Aggressive; Market cap: $2.1 billion) tracks the FTSE Canada High Dividend Yield Index....

TRANSCONTINENTAL INC. $15 is still a buy for aggressive investors. The company (Toronto symbol TCL.A; Aggressive Growth Portfolio, Consumer sector; Shares outstanding: 86.9 million; Market cap: $1.3 billion; Price-to-sales ratio: 0.4; Dividend yield: 6.0%; TSINetwork Rating: Average; www.tctranscontinental.com) is Canada’s leading commercial printer....
TORONTO-DOMINION BANK, $83.80, Toronto symbol TD, remains a buy.

Due to delays securing the necessary regulatory approvals, TD has cancelled its deal to acquire First Horizon Corporation (New York symbol FHN) for $13.4 billion U.S. The purchase would have made TD’s banking operations the sixth largest in the U.S.

As a result, the bank will pay $225 million U.S....
Telus has largely completed its multi-year plan to upgrade its wireless networks to handle 5G signals; those signals are much faster than current 4G (LTE) systems. The company has also upgraded most of its copper-line networks to fibre-optic cable.


Together, these improvements will help Telus compete with other telecoms, particularly now that Rogers’ merger with Calgary-based Shaw Communications expands its presence in Western Canada, Telus’s home market.


We feel the company will continue to add customers and increase its cash flow....
TELUS INTERNATIONAL (CDA) INC. $30 is a buy for aggressive investors. The company (Toronto symbol TIXT; Aggressive Growth Portfolio; Manufacturing sector; Shares outstanding: 266.6 million; Market cap: $8.0 billion; Price-to-sales ratio: 2.4; No dividend paid; TSINetwork Rating: Average; www.telusinternational.com) operates call centres on behalf of over 650 corporate clients in 30 countries....
The plan to upgrade Telus wireless networks to high-speed 5G is nearing completion after several years. The investment promises to lift long-term earnings—as will Telus’s other growth businesses. They include the now-independent call-centre business Telus International, as well as the ADT smart-home security unit....
CANADIAN TIRE CORP., $174.64, Toronto symbol CTC.A, is a top pick for 2023.

Investors benefit from the company’s 504 Canadian Tire stores. They sell automotive parts and services, and household and sporting goods; franchisees run most of the locations....
TELUS CORP., $27.25, Toronto symbol T, is 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 January 2023 payment, Telus increased your quarterly dividend by 3.7%, to $0.3511 a share from $0.3386....

TELUS, $28.94, is a buy. The company (Toronto symbol T; Shares outstanding: 1.4 billion; Market cap: $40.7 billion; TSINetwork Rating: Above Average; Dividend yield: 4.9%; www.telus.com) sold shares of Telus International through an IPO in February 2021 at $25.00 U.S....