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Top 10 Canadian Stocks To Watch For 2023

In a widely expected move, Kansas City Southern (KSU Quick QuoteKSU ) pushed back the special meeting of its shareholders by a fortnight. It was originally scheduled for Aug 19 and will now be held on Sep 3, 2021. At the meeting, shareholders of Kansas City Southern are scheduled to vote in favor or against Canadian National Railway’s (CNI Quick QuoteCNI ) $33.6-billion offer.

Kansas City Southern’s decision to postpone the meeting is the latest in the slew of updates pertaining to its takeover.

Let’s recap the series of interesting events leading to....More>>>

Top 10 Canadian Stocks To Invest In Right Now

Based on 2.06 billion shares outstanding as of Aug. 9 and a SNDL stock price of about 75 cents as of the Sept. 7 close, Sundial Growers (NASDAQ:SNDL) has a market capitalization of $1.54 billion.

Source: Yarygin / Shutterstock.com

That’s right — $1.54 billion with a “B.”    

Right off the top of my head, I can think of two excellent investments this company has made over the past year. However, despite these moves, I don’t think Sundial Growers is worth anywhere near that lofty valuation.

Here’s why.

....More>>>

Best Canadian Stocks For 2023

What happened

Shares of Canadian electric bus manufacturer Lion Electric (NYSE:LEV), which recently went public through a special purpose acquisition company, roared 7% higher through Tuesday’s close.

After the close of trading on Monday, investment bank CIBC initiated coverage of Lion Electric with an outperformer rating and a $20 price target that implies the stock could nearly double over the next year.

Image source: Getty Images.

Best Canadian Stocks For 2023: Plains All American Pipeline L.P.(PAA)

Plains All American Pipeline, L.P., through its subsidiaries,....More>>>

Top 10 Canadian Stocks To Watch For 2023

Cathie Wood-led firm Ark Investment Management has revised the prospectus for its ARK Next Generation Internet ETF (ARKW) to open the possibility of investing in crypto exchange-traded funds (ETFs) in Canada. 

What Happened: According to the filling with the U.S. Securities and Exchange Commission (SEC), the fund may invest in the Grayscale Bitcoin Trust (GBTC) or “other pooled investment vehicles that invest in bitcoin (CRYPTO: BTC), such as exchange-traded funds that are domiciled and listed for trading in Canada (Canadian....More>>>

Top 10 Canadian Stocks To Invest In Right Now

What happened

Marijuana stocks slipped in Wednesday afternoon trading. Shares of Sundial Growers (NASDAQ:SNDL) are trading down 2.8% as of 2:35 p.m. EDT, followed by Aurora Cannabis (NASDAQ:ACB) with a 3.2% loss, Hexo (NASDAQ:HEXO) down 3.8%, and Canopy Growth (NASDAQ:CGC) bringing up the rear with a 4.1% decline.

I blame CNN.

Image source: Getty Images.

So what

Citing a report from the Canadian Medical Association Journal Tuesday, CNN warned that “whether you smoke it, vape it, or eat it as an edible, cannabis may be significantly increasing your risk....More>>>