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Loblaw has begun a five-year plan to invest $10 billion in its operations by 2030. Its new stores should lift earnings as well as its stock price. At the same time, the plan will also help power shares of majority-owner George Weston.
LOBLAW COMPANIES, $63.42, is a buy. The retailer (Toronto symbol L; Shares o/s: 1.2 billion; Market cap: $74.3 billion; TSINetwork Rating: Above Average; Yield: 0.9%; www.loblaw.ca) operates 1,128 supermarkets (including 562 operated by franchisees) under several banners, including Loblaws, Zehrs, Provigo, Real Canadian Superstore and No Frills. It also operates 1,376 Shoppers Drug Mart stores across Canada.
LOBLAW COMPANIES, $63.42, is a buy. The retailer (Toronto symbol L; Shares o/s: 1.2 billion; Market cap: $74.3 billion; TSINetwork Rating: Above Average; Yield: 0.9%; www.loblaw.ca) operates 1,128 supermarkets (including 562 operated by franchisees) under several banners, including Loblaws, Zehrs, Provigo, Real Canadian Superstore and No Frills. It also operates 1,376 Shoppers Drug Mart stores across Canada.
CANADIAN PACIFIC KANSAS CITY, $109.47, is a buy. The company (Toronto symbol CP; shares o/s: 897.3 million; Market cap: $98.3 billion; Rating: Above Average; Yield: 0.8%) took its current form in April 2023 when it acquired U.S.-based railway Kansas City Southern (KCS) for $31 billion U.S.
With the addition of KCS, the new CPKC also connects with important hubs and ports on the U.S. Gulf Coast and in Mexico.
With the addition of KCS, the new CPKC also connects with important hubs and ports on the U.S. Gulf Coast and in Mexico.
TC ENERGY INC., $87.11, is a buy. The company (Toronto symbol TRP; Shares outstanding: 1.0 billion; Market cap: $90.7 billion; TSINetwork Rating: Above Average; Dividend yield: 4.0%; www.tcenergy.com) generates steady cash flow for investors through a 93,700-kilometre pipeline network that pumps natural gas from Alberta to eastern Canada and the U.S. It also operates gas pipelines in Mexico, and owns, or invests, in seven power plants in Canada and the U.S.
In November 2024, the company completed the 670-kilometre Coastal GasLink pipeline, which pumps natural gas from northeastern B.C. to a new liquefied natural gas (called LNG Canada) facility in Kitimat, B.C. From there, tankers carry the LNG to markets in Asia. TC owns 35% of Coastal GasLink and operates it.
In November 2024, the company completed the 670-kilometre Coastal GasLink pipeline, which pumps natural gas from northeastern B.C. to a new liquefied natural gas (called LNG Canada) facility in Kitimat, B.C. From there, tankers carry the LNG to markets in Asia. TC owns 35% of Coastal GasLink and operates it.
CENOVUS ENERGY, $36.92, is a buy for long-term gains. Canada’s third-largest oil producer (Toronto symbol CVE; Shares outstanding: 1.9 billion; Market cap: $69.6 billion; TSINetwork Rating: Average; Dividend yield: 2.2%; www.cenovus.com) recently completed its acquisition of MEG Energy Corp. (Toronto symbol MEG) for $4.99 billion in cash, shares and assumed debt.
MEG operates an oil sands property near Cenovus’s operations in northern Alberta.
MEG operates an oil sands property near Cenovus’s operations in northern Alberta.
Bank of Nova Scotia and TD Bank are leading competitors in their markets; you should look for that to cut your ongoing risk. We see both as buys.
BANK OF NOVA SCOTIA, $96.47, is a buy. The lender (Toronto symbol BNS; Shares outstanding: 1.2 billion; Market cap: $119.3 billion; TSINetwork Rating: Above Average; Dividend yield: 4.6%; www.scotiabank.com) is Canada’s third-largest bank.
BANK OF NOVA SCOTIA, $96.47, is a buy. The lender (Toronto symbol BNS; Shares outstanding: 1.2 billion; Market cap: $119.3 billion; TSINetwork Rating: Above Average; Dividend yield: 4.6%; www.scotiabank.com) is Canada’s third-largest bank.
TELUS, $17.88, is a buy. The company (Toronto symbol T; Shares outstanding: 1.6 billion; Market cap: $27.9 billion; TSINetwork Rating: Above Average; Dividend yield: 9.4%; www.telus.com) has formed a new alliance with AST SpaceMobileInc. (Nasdaq symbol ASTS); that firm is a provider of satellite-based cellphone and high-speed data services.
The deal will let Telus expand service to remote regions in Canada that currently have no cellphone coverage. The company’s customers will be able to send texts, make calls and use data in Canada’s most remote locations.
The deal will let Telus expand service to remote regions in Canada that currently have no cellphone coverage. The company’s customers will be able to send texts, make calls and use data in Canada’s most remote locations.
POWER CORP., $66.97, is a buy. The conglomerate (Toronto symbol POW; Shares outstanding: 578.0 million; Market cap: $42.5 billion; TSINetwork Rating: Above Average; Dividend yield: 4.0%) holds controlling stakes in Canadian financial services firms Great-West Lifeco and IGM Financial. It also owns 16.5% of the Belgian holding company Groupe Bruxelles Lambert.
With the May 2026 payment, the company will raise your quarterly dividend by 9.0%, to $0.6675 a share from $0.6125. The new annual rate of $2.67 yields a high 4.0%.
With the May 2026 payment, the company will raise your quarterly dividend by 9.0%, to $0.6675 a share from $0.6125. The new annual rate of $2.67 yields a high 4.0%.
Both of these Canadian insurance stocks provide investors with high dividend yields. They also offer strong growth prospects at a more than reasonable price. Each is a buy.
MANULIFE FINANCIAL, $47.92, is a buy. This safety-conscious stock (Toronto symbol MFC; Shares outstanding: 1.7 billion; Market cap: $80.3 billion; TSINetwork Rating: Above Average; Dividend yield: 3.8%; www.manulife.ca) represents one of Canada’s largest life insurers. It’s also a leading insurer in Vietnam, Cambodia, Singapore, and the Philippines. On December 31, 2025, the insurer had $1.70 trillion in assets under administration.
MANULIFE FINANCIAL, $47.92, is a buy. This safety-conscious stock (Toronto symbol MFC; Shares outstanding: 1.7 billion; Market cap: $80.3 billion; TSINetwork Rating: Above Average; Dividend yield: 3.8%; www.manulife.ca) represents one of Canada’s largest life insurers. It’s also a leading insurer in Vietnam, Cambodia, Singapore, and the Philippines. On December 31, 2025, the insurer had $1.70 trillion in assets under administration.
BCE INC., $35.10, is a buy. The company (Toronto symbol BCE; Shares o/s: 932.5 million; Market cap: $32.7 billion; TSINetwork Rating: Above Average; Yield: 5.0%)is teaming up with the government of Saskatchewan to build a new datacentre near Regina that will run advanced artificial intelligence (AI) programs.
BCE will invest $1.7 billion in this facility, which should begin operating in 2027.
BCE will invest $1.7 billion in this facility, which should begin operating in 2027.
Crombie REIT has risen alongside its key tenant, Empire Company, which holds a 41.5% stake in the trust; the retail giant also contributes 60.6% of Crombie’s rental income, which helps to cut the REIT’s risk. Crombie is up 28.3% since mid-2024, and we think it will go higher.
Crombie REal estate investment trust, $15.78, is a buy. The REIT (Toronto symbol CRR.UN; units outstanding: 110.4 million; Market cap: $3.0 billion; Rating: Average; Distribution yield: 5.8%) has 306 properties making up about 18.9 million square feet of which Retail properties account for 79.5%; retail-related industrial, 13.0%; office, 4.3%; and mixed-use residential, 3.2%. Crombie’s record occupancy rate is a very high 97.7%.
Crombie REal estate investment trust, $15.78, is a buy. The REIT (Toronto symbol CRR.UN; units outstanding: 110.4 million; Market cap: $3.0 billion; Rating: Average; Distribution yield: 5.8%) has 306 properties making up about 18.9 million square feet of which Retail properties account for 79.5%; retail-related industrial, 13.0%; office, 4.3%; and mixed-use residential, 3.2%. Crombie’s record occupancy rate is a very high 97.7%.