Updates on your Conservative stocks: BCE Inc., Teck Resources Ltd. and Fortis Inc.

Article Excerpt

BCE INC. $57 (www.bce.ca) is a buy. The company recently launch its new ultrafast 5G wireless service in Montreal, Toronto, Calgary, Edmonton, and Vancouver. The telecom plans to expand to other cities starting in late 2020 and into 2021. 5G should help the company attract new subscribers, as well as profit from other fast-growing fields such as self-driving cars and the Internet of Things. BCE is a Best Buy. TECK RESOURCES LTD. $15 (www.teck.com) remains a buy. The company has extended its contract with Westshore Terminals Investment Corp. (Toronto symbol WTE), which operates port facilities in Vancouver. This new long-term deal will let Teck keep shipping metallurgical coal, a key ingredient in steelmaking, to customers in Asia beyond the expiry of the current contract on March 31, 2021. It will also give the company more flexibility to ship coal through Westshore and other B.C. ports. Teck is a buy. FORTIS INC. $54 (www.fortisinc.com) is a buy. The company owns electrical utilities across Canada, the U.S. and the Caribbean, and natural gas distributors in…