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You Can See Our Aggressive Growth Portfolio For August 2024 Here.
If you’re like most investors, you should invest the major portion of your money in stocks from our Conservative Growth Portfolio....
SAPUTO INC. $31 (www.saputo.com) is a hold. The company is Canada’s largest producer of milk and other dairy products. It also operates dairies in the U.S., Australia, the U.K....
Canadian Tire’s class A shares are down 3% since the start of 2024, mainly because high interest rates and inflation are prompting consumers to cut spending on discretionary items. However, the company has a long history of adjusting to changing conditions, and a new cost-cutting plan should improve its profitability.
CANADIAN TIRE CORP....
CANADIAN TIRE CORP....
FORTIS INC. $54 is a buy. The company (Toronto symbol FTS; Conservative & Income Portfolios, Utilities sector; Shares outstanding: 493.0 million; Market cap: $26.6 billion; Price-to-sales ratio: 2.3; Dividend yield: 4.4%; TSINetwork Rating: Above Average; www.fortisinc.com) is the main supplier of electrical power in Newfoundland and PEI....
TELUS CORP. $21 is a buy. The telecom provider (Toronto symbol T; Conservative Growth and Income Portfolios, Utilities sector; Shares outstanding: 1.4 billion; Market cap: $29.4 billion; Price-to-sales ratio: 1.6; Dividend yield: 7.4%; TSINetwork Rating: Above Average; www.telus.com) increased your quarterly dividend by 3.5% with the July 2024 payment....
CANADIAN NATIONAL RAILWAY CO. $162 is a buy. The company (Toronto symbol CNR; Conservative Growth Portfolio, Manufacturing sector; Shares outstanding: 664.0 million; Market cap: $107.6 billion; Price-to-sales ratio: 6.1; Dividend yield: 2.1%; TSINetwork Rating: Above Average; www.cn.ca) operates Canada’s largest railway....
We continue to advise that all investors maintain some exposure to the oil and gas industry. To further cut your risk, stick with integrated producers like Suncor and Imperial oil, particularly as their cost-cutting plans should give them more room for dividend increases.
SUNCOR ENERGY INC....
SUNCOR ENERGY INC....
Finning supplies key equipment to resource companies, so its revenues tend to fluctuate with commodity prices. However, new oil and copper projects continue to spur demand for its equipment and maintenance services. The company’s improving productivity is also giving it more room to reward investors.
FINNING INTERNATIONAL INC....
ENBRIDGE INC. $49 is a buy. The company (Toronto symbol ENB; Conservative Growth and Income Portfolios, Utilities sector; Shares outstanding: 2.0 billion; Market cap: $98.0 billion; Price-to-sales ratio: 2.4; Dividend yield: 7.5%; TSINetwork Rating: Above Average; www.enbridge.com) operates pipelines that pump oil and natural gas from Western Canada eastward as well as to the U.S....
CENOVUS ENERGY INC. $27 is a buy. Canada’s third-largest oil producer (Toronto symbol CVE; Conservative Growth Portfolio, Resources sector; Shares outstanding: 1.9 billion; Market cap: $51.3 billion; Price-to-sales ratio: 0.9; Dividend yield 2.7%; TSINetwork Rating: Average; www.cenovus.com) has modified its shareholder return policy.
Right now, Cenovus returns 50% of its free cash flow (after capital expenditures) to shareholders in the form of higher dividends and share buybacks....
Right now, Cenovus returns 50% of its free cash flow (after capital expenditures) to shareholders in the form of higher dividends and share buybacks....