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GREAT-WEST LIFECO, $37.61, is still a hold. The company (Toronto symbol GWO; shares outstanding: 931.7 million; Market cap: $34.9 billion; TSINetwork Rating: Above Average; Dividend yield: 5.5%; www.greatwestlifeco.com) has completed several acquisitions in the past few months as part of a plan to diversify its operations.

Great-West’s latest acquisition, through its Canada Life unit, is Investment Planning Counsel Inc....

1 min read

Pat McKeough

Dividend Stocks

Two Canadian insurers spurred by Asia

Insurers write policies, collect premiums from customers, and then invest those premiums to meet future claims. That need to cover claims means they invest significant amounts of their funds in fixed-income instruments, namely bonds. That also means high interest rates are a boon to their returns....

2 min read

Pat McKeough

Dividend Stocks

Big buy for Enbridge

ENBRIDGE, $43.12, is a buy. The firm (Toronto symbol ENB; Shares outstanding: 2.1 billion; Market cap: $91.4 billion; TSINetwork Rating: Above Average; Dividend yield: 8.2%; www.enbridge.com) is now buying three regulated gas utility firms from Dominion Energy, Inc....

1 min read

Pat McKeough

Dividend Stocks

Telus upgrades set to pay off

Telus has largely completed a multi-year plan to upgrade its wireless and fibre-optic networks. Those improvements are already attracting new customers and lifting the company’s cash flow. Telus has also lowered capital spending, which will free up cash for future dividend hikes.

TELUS, $22.19, is a buy. The stock (Toronto symbol T; Shares outstanding: 1.5 billion; Market cap: $31.3 billion; TSINetwork Rating: Above Average; Dividend yield: 6.6%; www.telus.com) is Canada’s second-largest wireless carrier (after BCE) with 12.53 million subscribers....

1 min read

Pat McKeough

How To Invest

Q: Hi, Pat. I am wondering about investing in the Horizons Seasonal Rotation ETF. What are your thoughts on this ETF? Thanks.

A: The Horizons Seasonal Rotation ETF, $25.37, symbol HAC on Toronto (Units outstanding: 6.8 million; Market cap: $172.3 million; www.horizonsetfs.com), aims to

tactically spread and move around its holdings between stocks, fixed-income investments, commodities and currencies based on historical seasonal trends.

The managers believe that investment markets follow these seasonal trends and so have seasonal rhythms....

2 min read

Pat McKeough

How To Invest

What is Pat’s commentary for the week of October 3, 2023

Since March 2022, the Bank of Canada has raised its benchmark interest rate 10 times, from just 0.25% to 5.0%. The rapid increase is meant to counter rising inflation in the wake of the COVID-19 pandemic and related supply chain disruptions. So far, the plan is working: Canada’s inflation rate has dropped from its peak of 8.1% in 2022 to 4.0% in August 2023.

While rising interest rates let banks earn higher interest on their loans, accounting rules also force banks to set aside more funds to cover any rise in loan defaults as borrowers face those higher interest payments....

11 min read

Pat McKeough

How To Invest

Power Growth Investor Hotline – Friday, September 29, 2023

AMAZON.COM INC., $127.12, symbol AMZN on Nasdaq, is a buy. The company is one of the world’s largest online retailers. It’s also the third-largest digital ad provider in the U.S. Through its Amazon Web Services (AWS), the company is one of the world’s largest providers of cloud infrastructure services.

Amazon has just agreed to invest up to $4 billion in privately held artificial-intelligence company Anthropic; it will take a minority ownership position, committing an initial $1.25 billion....

6 min read

Pat McKeough

How To Invest

Dividend Advisor Hotline – Friday, September 29, 2023

CISCO SYSTEMS INC., $53.76, Nasdaq symbol CSCO, is a buy.

Through the stock, investors tap a global producer of hardware and software that links and manages computer networks.

Cisco last raised your quarterly dividend with the April 2023 payment....

5 min read

Pat McKeough

How To Invest

Wall Street Stock Forecaster Hotline – Friday, September 29, 2023

CINTAS CORP., $481.01, Nasdaq symbol CTAS, remains a buy for aggressive investors.

The company designs and makes uniforms, then sells them to businesses, mainly in North America. It also offers related products and services such as office-cleaning and first-aid kits.

Cintas continues to benefit as more businesses, particularly airlines and hotels, regain full operations....

5 min read

Pat McKeough

How To Invest

The Successful Investor Hotline – Friday, September 29, 2023

LINAMAR CORP., $65.43, Toronto symbol LNR, remains a buy for long-term gains.

The company makes a variety of automotive parts, including cylinder heads and cylinder blocks. It also makes self-propelled, scissor-type work platforms, under the Skyjack brand, as well as agricultural harvesting equipment.

Linamar is now buying the U.S.-based manufacturing operations of Mobex Fourth and 1, LLC....

5 min read

Pat McKeough

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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.