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BCE INC., $53.12, is a buy. The company (Toronto symbol BCE; Shares o/s: 912.3 million; Market cap: $48.6 billion; TSINetwork Rating: Above Average; Yield: 7.3%) plans to cut its capital spending in response to a decision by the Canadian Radio-television and Telecommunications Commission (CRTC) that forces it to open its high-speed Internet systems in Ontario and Quebec to smaller competitors.

Since 2020, BCE has spent $18 billion on upgrades to its fibre-optic Internet and wireless networks....

1 min read

Pat McKeough

Dividend Stocks

Global expansion supports their high yields

With their clean, renewable power, these two companies have strong conceptual appeal for investors. But just as important is their mix of hydroelectric, wind and solar power. That diversity, along with their long-term contracts, provide stable cash flows. That lets these utility firms continue to build up their operations and add to your distributions.

INNERGEX RENEWABLE ENERGY, $9.56, is a buy. The power generator (Toronto symbol INE; Shares outstanding: 204.3 million; Market cap: $1.9 billion; TSINetwork Rating: Extra Risk; Dividend yield: 7.5%; www.innergex.com) operates 40 hydroelectric plants, 35 wind farms and nine solar power fields....

2 min read

Pat McKeough

Dividend Stocks

Good quarter for GWO

GREAT-WEST LIFECO, $43.05 (Toronto symbol GWO; shares o/s: 931.7 million; Market cap: $40.5 billion; TSINetwork Rating: Above Average; Dividend yield: 4.8%; www.greatwestlifeco.com) reported revenue of $3.37 billion in the quarter ended September 30, 2023....

1 min read

Pat McKeough

Growth Stocks

Two blue-chip grocers with gains ahead

Loblaw is ready to thrive in a post-COVID-19 environment. Many of its customers who opted for home delivery (or in-store pickup) during pandemic lockdowns are sticking with that value-added service. The company’s improvements to its loyalty programs should also drive additional spending per visit, both in its stores and on its websites.

The stock lets you tap this growth and the company’s other successful retailing strategies....

2 min read

Pat McKeough

Energy Stocks

Big purchase for Crescent

CRESCENT POINT ENERGY, $9.58, is a buy for aggressive investors. The company (Toronto symbol CPG; Shares o/s: 536.1 million; Market cap: $5.1 billion; TSINetwork Rating: Extra Risk; Dividend yield: 4.2%) is now buying Hammerhead Energy (Toronto symbol HHRS) for $2.55 billion.

The deal will see Crescent Point acquire 105,000 acres and 800 drilling locations in the Montney region of northwest Alberta....

1 min read

Pat McKeough

Energy Stocks

These two producers are cash flow bargains

The shares of oil and gas stocks remain high as energy demand stays strong. We continue to recommend that most investors maintain some exposure to the oil and gas industry as part of a balanced portfolio. But, to cut risk, you should stick with producers that have positive cash flow even in times of low energy prices....

2 min read

Pat McKeough

Dividend Stocks

Savvy buy for Primaris

PRIMARIS REIT, $13.23, is a buy. The trust (Toronto symbol PMZ.UN; Units outstanding: 95.5 million; Market cap: $1.3 billion; TSINetwork Rating: Average; Yield: 6.2%; www.primarisreit.com) owns 36 enclosed and open air shopping malls in Canada totalling 11.5 million square feet....

1 min read

Pat McKeough

Dividend Stocks

These REITs offer very attractive yields

While rising interest rates have increased the appeal of bonds and hurt REITs in the past year, Choice Properties and H&R remain excellent ways for investors to earn income. We see both as buys.

CHOICE PROPERTIES REIT, $12.88, is a buy. Canada’s biggest REIT (Toronto symbol CHP.UN; Units o/s: 327.9 million; Market cap: $9.4 billion; TSINetwork Rating: Average; Dividend yield: 5.8%; www.choicereit.ca) owns 704 retail, industrial, office space and residential properties with 64.2 million square feet of gross leasable area....

2 min read

Pat McKeough

ETFs

Buy the top solar stocks

INVESCO SOLAR ETF, $45.84, is a buy for aggressive investors. The ETF (New York symbol TAN; buy or sell through brokers) tracks solar-related companies (including technology firms and utilities) listed on global exchanges.

The fund’s top holdings are First Solar (China; solar panels) at 10.5%; Enphase Energy (U.S.; home solar systems), 10.1%; SolarEdge Technologies (Israel; solar-power batteries), 6.4%; Xinyi Solar (China; solar panels), 5.3%; GCL Technology (China; polysilicon), 5.1%; and Sunrun (U.S.; solar panels), 5.0%. The ETF charges a relatively high MER of 0.69%.

Renewable stocks have drifted down since early 2021; that follows big run-ups in 2020 on President Biden’s support for sun, wind and hydro power—plus strong investor interest in stocks gaining from environmental concerns....

1 min read

Pat McKeough

ETFs

Two top ETFs for international gains

Generally speaking, Canadians are blocked from buying mutual funds that are registered in the U.S. unless those funds are also registered with provincial securities commissions. (Moreover, some Canadian mutual funds are only available in a limited number of provinces.)

Investors in this country can, however, buy exchange-traded funds, or ETFs, listed on U.S....

2 min read

Pat McKeough

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The cornerstones of Pat’s strategy–value, diversification and timelines–make his newsletter, The Successful Investor, highly profitable while minimizing risk. His advice is no-nonsense, down-to-earth and based on solid research. You’ll know what to invest in and what to avoid.

Chuck Chakrapani, PhD
Investors Association of Canada
The older I get the better dividends look. For retirees and would-be retirees who want to sleep at night, I can’t think of a better source of information on reliable growing dividend income than Pat McKeough’s newsletter, Dividend Advisor.

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Financial Post Columnist
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I appreciate the 25 years of above market returns I received by following your advice. at least 95% of my investment decisions were based on TSI recommendations.

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Subscriber since 1996. Inner Circle Member Since 2006
The newsletters I receive in Inner Circle Pro are fantastic! I have been following Pat’s advice for years and everything he has said has been amazing. His commentaries are brilliant, insightful, educational, rational and balanced. My returns are almost double the TSE and I have referred many of my friends who have switched over to your services.

Walter H.
Inner Circle Pro subscriber

Browse Premium Topics

Cannabis

Spinoffs

One of the ways a company can try to unlock its own hidden value is by creating a separate company out of a corporate subsidiary. The parent company can either sell stock in the new company to the public, or spin it off—hand the stock out to its own investors.

Dividend Stocks

Dividend stocks make cash payouts that serve as a way for companies to share the wealth they’ve accumulated. These payouts are drawn from earnings and cash flow and paid to the shareholders of the company. Typically, these dividends are paid quarterly, although they may be paid annually or even monthly as well.

ETFs

What are ETFs?

ETF is an acronym for exchange traded fund. These exchange traded funds are used to track indexes as closely as possible, since investors cannot actually buy an index outright.

Value Stocks

What are value stocks?

One of the sweetest and most profitable pleasures of successful investing is to buy high-quality “value stocks” (or stocks that are reasonably priced, if not cheap, in relation to its sales, earnings or assets), then hold on to them as mainstream investors recognize the value and push up the share price.

Blue Chip Stocks

Blue chip stocks are big, well-established, dividend-paying corporations with strong business prospects. These are companies that also have sound management that should be able to make the right moves to keep competing successfully in a changing marketplace.

Penny Stocks

A penny stock in general trades for under five dollars a share, and as the name implies, sometimes for pennies. Most of the time they’re young companies, or start-ups in speculative markets like mining or technology.

Growth Stocks

Growth stocks are companies that are likely to have sales and earnings growth well above market average. Frequently they pay few, if any, dividends. Instead they typically reinvest any extra cash flow to promote further growth. Chosen wisely—according to Pat McKeough’s advice—high-quality growth-oriented stocks can be worthwhile additions to most well-diversified portfolios.

Wealth Management

Wealth management is the practice of putting your savings to work so that it continues to grow over your lifetime and will also benefit your heirs. Wealth management encompasses many different areas of investing like long term investment planning and retirement planning.

Mining Stocks

Mining stocks are investments in companies that produce or explore for minerals. Some of these minerals include uranium, coal, molybdenum (which is used in steelmaking), copper, silver and gold. They are affected by fluctuating commodity prices in addition to their own business and operating risks.

How To Invest

Pat McKeough has been making investing for beginners simple—and profitable—by helping investors make big gains for more than 25 years. His advice to beginning investors is the same as it is for all investors: buy high-quality, mostly dividend paying stocks (or ETFs that hold these stocks) and evenly spread your investments over the five main economic sectors (Resources, Manufacturing, Finance, Utilities and Consumer). Pat also believes investors should avoid stocks in the broker/media limelight and focus on those with hidden or little-noticed assets.

Energy Stocks

What are energy stocks?

Businesses that work in the extraction, refining and delivery of energy sources such as natural gas, oil, uranium and coal, are considered energy stocks.