Updates on your Conservative stocks: Teck Resources Ltd., CAE Inc. and TD Bank

Article Excerpt

TECK RESOURCES LTD. $35 (www.teck.com) remains a buy for the Resources portion of your portfolio. The company is a leading producer of metallurgical coal, a key ingredient in steelmaking. It also produces copper and zinc, and owns 21.31% of the Fort Hills oil sands project in northern Alberta. The recent flooding in British Columbia has not yet impacted the company’s coal mines and other operations in the province. However, it had to divert some shipments from Vancouver to the port of Prince Rupert. Rail lines are now re-opening, so any impact on earnings will likely be minimal. Teck is a buy. CAE INC. $31 (www.cae.com) is still a buy for long-term gains. The stock is down 26% in the past month, as investors fear the new Omicron variant of COVID-19 will lead to new travel restrictions and cut demand for the company’s flight simulators and pilot-training schools. However, CAE’s recent acquisition of the military training operations of U.S.-based L3Harris Technologies Inc. (New York symbol LHX) lowers its reliance…