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TC ENERGY CORP. $58 (www.tcenergy.com) is a buy. The company has won regulatory approval for its plan to expand its Nova Gas pipeline network. That will add 40 kilometres to the existing 25,000-kilometre network and let the company export more gas from Alberta to markets in Washington, Oregon and California....
Pipeline operator Enbridge continues to benefit from rising oil and gas demand as the economy rebounds from the COVID-19 shutdowns. Steady cash flow from those operations will let it keep raising your dividend. The company is also investing in renewable power projects, which will improve its profile with big investors like pension plans....
TOROMONT INDUSTRIES LTD. $102 is a buy. The company (Toronto symbol TIH; Aggressive Growth Portfolio; Manufacturing sector; Shares outstanding: 82.3 million; Market cap: $8.4 billion; Price-to-sales ratio: 2.1; Dividend yield: 1.5%; TSINetwork Rating: Extra Risk; www.toromont.com) distributes bulldozers, backhoe loaders and drills, including Caterpillar machinery, in eastern Canada and along the U.S....
TORONTO-DOMINION BANK $89 is a buy. The lender (Toronto symbol TD; Conservative Growth and Income Portfolios, Finance sector; Shares outstanding: 1.8 billion; Market cap: $160.2 billion; Price-to-sales ratio: 3.6; Dividend yield: 4.3%; TSINetwork Rating: Above Average; www.td.com) recently formed a new alliance with Canada Post....
LINAMAR CORP. $64 remains a buy. The company (Toronto symbol LNR; Aggressive Growth Portfolio, Manufacturing sector; Shares outstanding: 63.6 million; Market cap: $4.1 billion; Price-to-sales ratio: 0.6; Dividend yield: 1.3%; TSINetwork Rating: Average; www.linamar.com) makes a variety of automotive parts, including cylinder heads and cylinder blocks.
Linamar continues to develop new products as automaker shift to electric-powered vehicles (EVs)....
The long-term outlook for these two leading food makers remains solid. Their strong brands are also making it easier for them to raise selling prices to cover rising costs. However, the shares of both companies will likely remain in a narrow range while they restructure their operations.
MAPLE LEAF FOODS INC....
Great-West and other insurance companies invest the premiums they receive in stocks, bonds and other securities. They use that income to pay out claims to policyholders. However, in the latest quarter, losses on those securities offset the benefits of a big acquisition.
GREAT-WEST LIFECO INC....
GREAT-WEST LIFECO INC....
BCE INC. $64 is a buy. The company (Toronto symbol BCE; Conservative Growth and Income Portfolios, Utilities sector; Shares outstanding: 911.9 million; Market cap: $58.4 billion; Price-to-sales ratio: 2.4; Dividend yield: 5.8%; TSINetwork Rating: Above Average; www.bce.ca) is Canada’s largest traditional telephone service provider....
RESTAURANT BRANDS INTERNATIONAL INC. $90 is a buy for aggressive investors. The company (Toronto symbol QSR, Aggressive Growth Portfolio, Consumer sector; Shares outstanding: 449.1 million; Market cap: $40.4 billion; Price-to-sales ratio: 4.8; Dividend yield: 3.3%; TSINetwork Rating: Average; www.rbi.com) is the world’s third-largest fast-food operator after McDonald’s (No....
Like Imperial Oil (see page 1), these three oil and gas producers are also benefitting from higher energy prices and moderating capital spending plans. That’s freeing up more cash for dividends and debt repayments.
We continue to see all three as high-quality buys for the Resources portion of your portfolio....
We continue to see all three as high-quality buys for the Resources portion of your portfolio....