BCE and TD Bank are leading competitors in their respective markets; you should look for that to cut your ongoing risk. We see both as buys.


BCE INC., $32.33, is a buy. The company (Toronto symbol BCE; Shares outstanding: 932.5 million; Market cap: $30.2 billion; TSINetwork Rating: Above Average; Yield: 5.4%) recently completed its $3.65 billion U.S. purchase of Ziply Fiber, which offers high-speed Internet access and telephone services through a fibre-optic network to residential and business customers in Washington State, Oregon, Idaho and Montana.

VANECK VECTORS VIETNAM ETF, $19.44, is a buy for aggressive investors. This emerging-markets ETF (New York symbol VNM) taps the country’s leading firms as well as foreign firms that get a significant share of their revenue from this Southeast Asian nation. The fund started up in August 2009. Its MER is 0.68%.

Major Canadian and U.S. stock markets remain volatile. but still they continue to offer attractive prospects for investors, especially if you buy the top stocks. All in all, we think that if you can afford to stay in the market for several years or longer, now is a good time for new buying. We see ETFs as one way for you to profit from the continuing stock market rise while at the same time cutting your risk.


The best of these funds offer a diversified group of stocks and charge you low management fees. Here are five ETFs we like, and one we think you should pass on buying for now.

POWER CORP., $73.84, is a buy. The conglomerate (Toronto symbol POW; Shares outstanding: 582.2 million; Market cap: $46.7 billion; TSINetwork Rating: Above Average; Dividend yield: 3.3%) owns 62.2% of IGM Financial (symbol IGM on Toronto). IGM is Canada’s largest independent asset management provider.

Oil and gas stocks continue to benefit from still-strong energy demand. Still, to cut risk, stick with producers that have positive cash flow even in times of low energy prices. Here are two that should meet that requirement. Moreover, they pay solid dividends.


CENOVUS ENERGY, $21.95, is a buy for long-term gains. The company (Toronto symbol CVE; Shares outstanding: 1.9 billion; Market cap: $41.4 billion; TSINetwork Rating: Average; Dividend yield: 3.6%; cenovus.com) is Canada’s third-largest producer of oil and natural gas after Canadian Natural Resources and Suncor. It also operates refineries in Canada and the U.S.

PRIMARIS REIT, $16.53, is a buy. The trust (Toronto symbol PMZ.UN; Units o/s: 118.5 million; Market cap: $2.0 billion; TSINetwork Rating: Average; Yield: 5.2%; www.primarisreit.com) owns 25 enclosed shopping malls, one open-air centre, three plazas and four office buildings. Its overall occupancy rate is 91.8%.

Both of these Canadian insurance stocks provide investors with high dividend yields. They also offer strong growth prospects at a more than reasonable price. Each is a buy.


MANULIFE FINANCIAL, $50.71, is a buy. This safety-conscious stock (Toronto symbol MFC; Shares outstanding: 1.7 billion; Market cap: $85.1 billion; TSINetwork Rating: Above Average; Dividend yield: 3.5%; www.manulife.ca) represents one of Canada’s largest life insurers. It’s also a leading insurer in Vietnam, Cambodia, Singapore, and the Philippines. On September 30, 2025, the insurer had $1.69 trillion in assets under administration.

IBM, $296.73, is a buy. The company (New York symbol IBM; Shares outstanding: 934.7 million; Market cap: $277.4 billion; TSINetwork Rating: Above Average; Dividend yield: 2.3%; www.ibm.com) has agreed to acquire Confluent Inc. (Nasdaq symbol CFLT) for $11 billion. It expects to complete the purchase in mid-2026.

CPKC continues to do a good job controlling its costs. That will help spur its profits despite the threat of tariffs on their freight volumes.


CANADIAN PACIFIC KANSAS CITY, $97.67, is a buy. The company (Toronto symbol CP; shares o/s: 900.8 million; Market cap: $88.0 billion; Rating: Above Average; Divd. yield: 0.9%) ships freight over a 32,190-kilometre rail network. That line runs mainly between Montreal and Vancouver, with links to hubs in the U.S. Midwest and Northeast. With the addition of Kansas City Southern, the new company connects with important hubs and ports on the U.S. Gulf Coast and in Mexico.

Demand for travel rebounded after the pandemic—and both Wyndham Hotels and Travel + Leisure have been big beneficiaries.

In fact, Travel + Leisure is now hitting new all-time highs for our subscribers! Wyndham Hotels soared to its own record high of $110.94 in February 2025—although it has since moved down to today’s price.

Meanwhile, the outlook for both stocks remains positive for investors, despite some near-term economic and consumer confidence uncertainty in the U.S. market. Pent-up demand for travel remains strong, and both companies have lots of opportunity to expand.

I asked our Successful Investor research department to draw up this Inner Circle Spotlight report on both Wyndham, and Travel + Leisure to explain why we think both of these stocks have bright prospects ahead. We hope you enjoy and profit from it.