Here are key updates on your holdings

METRO INC. $71 is a buy. The company (Toronto symbol MRU; Aggressive Growth Portfolio, Consumer sector; Shares outstanding: 232.8 million; Market cap: $16.5 billion; Price-to-sales ratio: 0.9; Dividend yield: 1.7%; TSINetwork Rating: Average; www.metro.ca) operates 960 grocery stores and 650 drugstores, in Quebec, Ontario and New Brunswick.
The company… Read More

REIT spinoff will unlock Leon’s value

In the past few years, several big Canadian retailers, including Loblaw and Canadian Tire, have unlocked the hidden value of their real estate holdings by setting up publicly traded real estate investment trusts (REITs).
Shares of furniture retailer Leon’s rose 10% after it announced its own… Read More

RioCan’s urban focus is paying off

In October 2017, RioCan shifted its focus away from Big Box style suburban malls to properties in the downtown areas of six major cities: Toronto, Montreal, Ottawa, Calgary, Edmonton and Vancouver. Those cities now supply 92% of its rental revenue, up from 76% in 2017.
RioCan… Read More

Dividend Advisor Hotline – Friday, July 7, 2023

CANADIAN TIRE CORP., $181.87, Toronto symbol CTC.A, is a top pick for 2023.

Investors benefit from the company’s 504 Canadian Tire stores. They sell automotive parts and services, and household and sporting goods; franchisees run most of the locations. The company’s other operations also enrich its outlook… Read More

Here are 5 top ETFs for your new buying

The major Canadian and U.S. stock markets, while still subject to volatility, continue to offer attractive returns 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,… Read More