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The shares of engineering firm Stantec are up over 50% in the past year and hit a new record high of $108.66 in January 2024. That gain is largely due to increased government spending on infrastructure projects in the wake of the COVID-19 pandemic. The company also announced a new strategic plan, which should further spur its earnings—and your returns—over the next few years.


STANTEC INC....
TELUS CORP. $24 is a buy. The company (Toronto symbol T; Conservative Growth and Income Portfolios, Utilities sector; Shares outstanding: 1.4 billion; Market cap: $33.6 billion; Price-to-sales ratio: 1.8; Dividend yield: 6.3%; TSINetwork Rating: Above Average; www.telus.com) had 12.87 million wireless subscribers as of September 30, 2023....

CAE INC. $28 is a buy. The company (Toronto symbol CAE; Conservative Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 318.3 million; Market cap: $8.9 billion; Price-to-sales ratio: 2.1; Dividend suspended in March 2020; TSINetwork Rating: Average; www.cae.com) is a leading maker of flight simulators for commercial and military aircraft....

NUTRIEN LTD. $71 is a buy. In addition to its main fertilizer business, the company (Toronto symbol NTR; Aggressive Growth Portfolio, Resources sector; Shares outstanding: 494.5 million; Market cap: $35.1 billion; Price-to-sales ratio: 0.9; Dividend yield: 4.0%; TSINetwork Rating: Average; www.nutrien.com), through its Loveland Products business, develops specialized seeds and crop protection products that help farmers increase their crop yields.


Loveland recently acquired the soybean seed program of German chemical maker BASF for an undisclosed amount....
These two firms operate in the highly cyclical real estate industry, which adds risk. However, both are market leaders and continue to make savvy acquisitions. That helps them attract and retain clients during economic slowdowns.


FIRSTSERVICE CORP....

Ottawa continues to pressure Metro and other major food sellers to lower their selling prices, even though the food inflation rate dropped to 4.7% in November 2023 from 11.4% in November 2022. Even if the government forces it to cut prices, the company’s new automated distribution centres will lower its costs and lift its long-term profitability.


METRO INC....

CANADIAN TIRE CORP. (class A non-voting) is a buy. The retailer (Toronto symbols CTC $280 and CTC.A $144; Conservative Growth Portfolio, Consumer sector; Shares outstanding: 60.8 million; Market cap: $8.4 billion; Price-to-sales ratio: 0.5; Dividend yield: 4.9%; TSINetwork Rating: Above Average; www.canadiantire.ca) operates several chains aside from Canadian Tire (automotive part, household and sporting goods)....

TECK RESOURCES LTD. $52 remains a buy. The company (Toronto symbol TECK.B; Conservative Growth Portfolio, Resources sector; Shares outstanding: 520.0 million; Market cap: $27.0 billion; Price-to-sales ratio: 2.0; Dividend yield: 1.0%; TSINetwork Rating: Extra Risk; www.teck.com) has completed the first part of its plan to sell all of its metallurgical coal business, known as Elk Valley Resources (EVR)....

Utilities stocks fell in 2023 on strong and competing demand for bonds as interest rates spurred bond yields. Higher interest rates also increased the borrowing costs for utilities as they undertook new projects and upgrades.


However, it now looks like interest rates will come down in the next few months....
OVINTIV INC. $55 is a buy. The oil and gas producer (Toronto symbol OVV; Conservative Growth Portfolio, Resources sector; Shares outstanding: 273.7 million; Market cap: $15.1 billion; Price-to-sales ratio: 1.0; Dividend yield: 2.9%; TSINetwork Rating: Average; www.ovintiv.com) operates four core properties: Montney (B.C.), Permian (Texas), Anadarko (Oklahoma) and Uinta (Utah).


In 2024, Ovintiv expects to spend between $2.1 billion and $2.5 billion on exploration and equipment upgrades (all amounts except share price and market cap in U.S....