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One of the key attractions of exchange-traded funds is the lower fees compared to mutual funds. In addition, as more competitors entered the market, fees on many ETFs continue to drop.


One of the older U.S.-based funds with a large asset base and higher fees is the iSHARES MSCI CANADA ETF $35.03 (New York symbol EWC)....
We continue to recommend holding a portfolio of stocks diversified across most if not all of the five main economic sectors (Finance, Consumer, Manufacturing, Utilities and Resources). This cuts your risk of heavy losses from over-indulging in a sector that’s about to plunge....

You Can See Our Aggressive Growth Portfolio For May 2023 here.


If you’re like most investors, you should invest the major portion of your money in stocks from our Conservative Growth Portfolio....
FIRSTSERVICE CORP. $190 (www.firstservice.com) is a buy. The company provides property management services to businesses and individuals. FirstService tends to fuel its growth with acquisitions....
Auto parts maker Linamar is now positioned to take advantage of the shift to electric vehicles (EVs). Given it remains a trusted supplier to the world’s largest carmakers, we’re confident this shift will be as successful as Linamar’s past move into construction and agriculture equipment.


LINAMAR CORP....

CGI INC. $133 is your #1 Aggressive Buy for 2023. The company (Toronto symbol GIB.A; Aggressive Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 245.1 million; Market cap: $32.6 billion; Price-to-sales ratio: 2.4; No dividends paid; TSINetwork Rating: Extra Risk; www.cgi.com) is Canada’s largest provider of computer-outsourcing services....
BCE INC. $63 is a buy. The telecom giant (Toronto symbol BCE; Conservative Growth and Income Portfolios, Utilities sector; Shares outstanding: 912.0 million; Market cap: $57.5 billion; Price-to-sales ratio: 2.4; Dividend yield: 6.1%; TSINetwork Rating: Above Average; www.bce.ca) plans to spend about $4.8 billion in 2023 on expanding its fibre-optic Internet systems and high-speed 5G wireless networks....
SHAWCOR LTD. $12 is a buy, but only for highly aggressive investors. The company (Toronto symbol SCL; Aggressive Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 70.5 million; Market cap: $846.0 million; Price-to-sales ratio: 0.7; Dividend suspended in March 2020; TSINetwork Rating: Average; www.shawcor.com) is conducting a strategic review of its businesses that serve the oil and gas industry—Pipeline Performance Group, Shaw Pipeline Services, and Oilfield Asset Management....

We prefer top-quality utility stocks over bonds, mainly due to the favourable tax treatment of dividends compared to interest payments. We like both Canadian Utilities and ATCO, which both offer dependable dividends. ATCO’s holding company discount also enhances its appeal.


CANADIAN UTILITIES LTD....

Great-West Lifeco has completed several acquisitions in the past two years as part of a plan to diversify beyond insurance. The plan should spur its long-term growth, but constantly integrating new businesses adds risk.


GREAT-WEST LIFECO INC....