transcontinental

Toronto symbol TCL.A, provides direct marketing services, commercial printing services, and publishes magazines and newspapers, primarily in eastern Canada.


LEON’S FURNITURE LTD. $23(www.leons.ca) is a buy. The retailer gets less than 15% of its products from the U.S., which limits its risk to tariffs. It should also benefit from the “Buy Canadian” trend. As well, Leon’s still aims to set up a new real estate investment trust (REIT) that will hold its real estate assets....

3M COMPANY $153 remains a buy for long-term gains. The company (New York symbol MMM; Income-Growth Portfolio, Manufacturing sector; Shares outstanding: 542.9 million; Market cap: $83.1 billion; Dividend yield: 1.9%; Dividend Sustainability Rating: Average; www.3m.com) spun off its Health Care division as a separate firm, called Solventum Corp....

Transcontinental continues to benefit from its 2018 purchase of a U.S.-based plastic packaging firm. That cut its reliance on its traditional commercial printing operations, particularly as advertisers and publishers shift to online platforms. A new cost-cutting plan should also push its earnings higher in the next few years and support its high yielding dividend.


TRANSCONTINENTAL INC....
SUNCOR ENERGY INC., $52.37, Toronto symbol SU, is a buy.

The company is Canada’s largest integrated oil firm, with major projects in the Alberta oil sands. It also operates four refineries (three in Canada and one in Colorado), along with over 1,800 Petro-Canada gas stations.

Suncor now expects to spend between $6.1 billion and $6.3 billion on exploration and upgrades in 2025....
BOMBARDIER INC., Toronto symbols BBD.A $96.77 and BBD.B $96.77, is still a hold for aggressive investors.

The company now focuses solely on making private luxury and business jet planes following the sale of its passenger railcar business to France’s Alstom SA in January 2021.

The stock fell 7% this week after U.S....
TC ENERGY INC., $62.65, Toronto symbol TRP, is a buy.

TC generates steady cash flow for investors mainly through a 93,300-kilometre pipeline network that pumps natural gas from Alberta to eastern Canada and the U.S. Its other operations include 4,900 kilometres of crude oil pipelines and seven power plants.

On October 1, 2024, the company will complete the spinoff of its oil pipeline business as separate company South Bow Corp....
TC ENERGY INC., $63.27, Toronto symbol TRP, is a buy.

TC generates steady cash flow for investors mainly through a 93,300-kilometre pipeline network that pumps natural gas from Alberta to eastern Canada and the U.S. Its other operations include 4,900 kilometres of crude oil pipelines and seven power plants.

On October 1, 2024, the company will complete the spinoff of its oil pipeline business as separate company South Bow Corp....
TC ENERGY INC., $53.25, Toronto symbol TRP, is a buy.

TC generates steady cash flow for investors mainly through a 93,600-kilometre pipeline network that pumps natural gas from Alberta to eastern Canada and the U.S. Its other operations include 4,900 kilometres of crude oil pipelines and 13 power plants.

With the April 2024 payment, TC raised your quarterly dividend by 3.2%....
TC ENERGY INC., $54.18, Toronto symbol TRP, is a buy.

TC generates steady cash flow for investors mainly through a 93,600-kilometre pipeline network that pumps natural gas from Alberta to eastern Canada and the U.S. Its other operations include 4,900 kilometres of crude oil pipelines and 13 power plants.

The company’s shareholders have now approved a plan to spin off the oil pipeline business as separate company South Bow Corp....
ARCHER DANIELS MIDLAND CO., $62.00, New York symbol ADM, is still a hold.

The company processes corn, wheat, soybeans, flax seed and other crops into a variety of food ingredients such as flour, oils and sweeteners. It’s also a leading producer of ethanol from corn, a gasoline additive that reduces harmful emissions.

With the February 2024, payment, Archer raised your quarterly dividend by 11.1%, to $0.50 a share from $0.45....