A: Canadian Tire Corp. (class A non-voting) symbol CTC $250.01 and CTC.A $173.68 (Shares outstanding: 54.1 million; Market cap: $9.5 billion; TSINetwork Rating: Above Average; www.canadiantire.ca) operates 503 Canadian Tire hardware stores. They sell automotive parts and services, and household and sporting goods. Note—most Canadians live within 15 minutes of at least one of those stores.


The company’s other operations also enrich its outlook. They include 169 stores operating under the PartSource (auto parts) and Party City (party supplies) banners.

The Successful Investor first launched in 1994—31 years ago. In that time, the team and I have fielded thousands of questions from subscribers.


We recently received an interesting one from an Inner Circle member (see below). It’s a question that I’ve seen before over the years, in one form or another. In this most-recent case, the member wonders if it’s OK to depart from the key TSI principle to diversify your portfolio across most if not all of the 5 main economic sectors—Manufacturing & Industry; Resources & Commodities; Consumer; Finance; and Utilities.

CAE fell sharply in 2020 as the pandemic slashed demand for air travel and for the company’s pilot-training services. This long-time favourite has now returned to its pre-pandemic highs, driven in part by the strong outlook for global travel.


We feel CAE should keep moving higher because it benefits from two long-term trends.