Pass on this ETF

ISHARES S&P/TSX SMALL CAP ETF $16 (Toronto symbol XCS; TSINetwork ETF Rating: Aggressive; Market cap: $121.1 million) invests in smaller listed Canadian companies.

The ETF holds 197 stocks, with the top 10 comprising only 13% of its assets. This gives it the appearance of a well-diversified… Read More

Q: Hi Pat: Could I get your thoughts on High Liner Foods? Its price has come down substantially and it has a decent dividend. Thank you.

A: High Liner Foods Inc., $14.20, symbol HLF on Toronto (Shares outstanding: 33.3 million; Market cap: $472.3 million, www.highliner.com), processes and markets frozen seafood. The company was called National Sea Products before it changed its name in 1998.

Throughout the U.S., Canada and Mexico, High Liner… Read More

Q: Hi Pat: What would you advise to current holders of Teck Resources: hold, sell or invest? I came across an article recently that said there is now a slow demise for coal use due to policies encouraging cleaner natural gas and renewable energy generation.

A: Teck Resources Ltd., $31.56, symbol TECK.B on Toronto (Shares outstanding: 577.8 million; Market cap: $18.2 billion, www.teck.com), is a recommendation of our Successful Investor newsletter.

Teck made $1.00 a share in the latest quarter, up sharply from just $0.01 a year earlier. That was mainly… Read More

Dividend Advisor Hotline – Friday, May 12, 2017

INTACT FINANCIAL cORP., $92.53, Toronto symbol IFC, is Canada’s largest provider of property and casualty insurance. The company insures more than five million individuals and businesses. Its major brands are Intact Insurance, Canada BrokerLink and belairdirect.
With the March 2017 payment, Intact raised its quarterly dividend… Read More

Portfolio change for Torstar

TORSTAR $1.79 (Toronto symbol TS.B; Shares outstanding: 80.6 million; Market cap: $145.3 million; TSINetwork Rating: Average; Dividend yield: 5.6%; www.torstar.com) had revenue of $188.4 million for the quarter ended December 31, 2016. That’s down 11.9% from $213.7 million a year earlier. Growth at the company’s… Read More