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CAE recently agreed to sell its healthcare business, which makes medical-simulators and mannequins for training health professionals. That will let it better focus on its main flight simulator and pilot-training operations, particularly as the global air travel industry will need 1.3 million new pilots, aircraft maintenance technicians and cabin crew over the next 10 years....
THOMSON REUTERS CORP. $178 is a buy. The company (Toronto symbol TRI; Conservative Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 455.3 million; Market cap: $81.0 billion; Price-to-sales ratio: 8.7; Dividend yield: 1.5%; TSINetwork Rating: Above Average; www.thomsonreuters.com) continues to wind down its indirect stake in financial information provider Refinitiv....
SUNCOR ENERGY INC. $43 is a buy. The company (Toronto symbol SU; Conservative Growth Portfolio, Resources sector; Shares o/s: 1.3 billion; Market cap: $55.9 billion; Price-to-sales ratio: 1.1: Dividend yield: 4.8%; TSINetwork Rating: Average; www.suncor.com) recently announced a new strategy under which it will focus on its core oil sands projects in Alberta and improve its efficiency.
Under that plan, Suncor has now agreed to buy French oil producer TotalEnergies SE’s remaining Canadian operations, including its 31.23% stake in Alberta’s Fort Hills oil sands project, for $1.47 billion....
SHAWCOR LTD. $15 remains a buy for aggressive investors. The company (Toronto symbol MATR; Aggressive Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 70.5 million; Market cap: $1.1 billion; Price-to-sales ratio: 0.7; Dividend suspended in March 2020; TSINetwork Rating: Average; www.mattr.com) is now selling most of its pipeline coating business to Tenaris S.A....
In the wake of the COVID-19 pandemic, governments in Canada and elsewhere continue to invest in new public works projects such as roads, mass transit systems and hospitals. Those investments are fuelling strong orders for these two dealers of heavy construction equipment as well as demand for their maintenance and repair services.
FINNING INTERNATIONAL INC....
Royal Bank’s shares are down roughly 17% from their recent peak of $140 in February 2023. That’s mainly due to fears that higher interest rates will hurt new loan demand and lead to more writedowns of its current loans.
However, banking regulators have toughened lending standards and mortgage stress-test levels in the past few years....
However, banking regulators have toughened lending standards and mortgage stress-test levels in the past few years....
CANADIAN NATIONAL RAILWAY CO. $152 is a buy. The company (Toronto symbol CNR; Conservative Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 655.6 million; Market cap: $99.7 billion; Price-to-sales ratio: 6.0; Dividend yield: 2.1%; TSINetwork Rating: Above Average; www.cn.ca) operates Canada’s largest railway....
TELUS CORP. $24 is still your #1 Income Buy for 2023. 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) is Canada’s second-largest wireless carrier after BCE....
We continue to recommend all investors maintain some exposure to the Resources sector—typically about 20% of your total portfolio. That’s mainly because resource stocks act as a hedge against inflation.
To further cut your risk, investors should stick with producers, such as the three we analyze below, with large reserves and low-cost operations....
To further cut your risk, investors should stick with producers, such as the three we analyze below, with large reserves and low-cost operations....
BCE INC. $53 is a buy. Canada’s largest provider of telecommunication services (Toronto symbol BCE; Conservative Growth and Income Portfolios, Utilities sector; Shares outstanding: 912.3 million; Market cap: $48.4 billion; Price-to-sales ratio: 2.0; Dividend yield: 7.3%; TSINetwork Rating: Above Average; www.bce.ca) 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....
Since 2020, BCE has spent $18 billion on upgrades to its fibre-optic Internet and wireless networks....