Tag Archives: VRX

Top 10 Canadian Stocks For 2023

Star stock picker Cathie Wood wants crypto exposure. And if she can’t get a Bitcoin exchange-traded fund in the U.S.—at least right now—she’s willing to look across the border to Canada.

Wood’s asset-management company, ARK Invest, tweaked the prospectus of the $5.7 billion ARK Next Generation Internet ETF (ticker: ARKW) so the fund can hold cryptocurrencies through Canadian ETFs, a filing with the Securities and Exchange Commission shows.

ARK didn’t respond to a request for comment. The ARK Next Generation Internet ETF....More>>>

Top 10 Canadian Stocks To Buy For 2023

Imperial Oil Limited (IMO Quick QuoteIMO ) recently announced that it is on track to build an international-level renewable diesel facility at its Strathcona refinery close to Edmonton, Alberta.

From locally-produced and cultivated feedstocks, this new complex is set to produce more than 1 billion litres of renewable diesel fuel, annually. The project is intended to reduce emissions in the Canadian transportation industry by around 3 million tons a year, which is equivalent to removing almost 650,000 passenger vehicles from the road for a year.

Blue hydrogen (hydrogen produced....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.

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Best Canadian Stocks To Own For 2023

What happened

Shares of Crescent Point Energy (NYSE:CPG) soared on Sept. 13, closing the day up 14.4% after the oil stock unexpectedly announced a big dividend raise.

So what

Crescent Point announced a quarterly dividend increase of $0.03 Canadian per share, equaling an annual dividend of CA$0.12 a share. Before this, the company was barely paying a dividend: It was distributing only CA$0.01 per share over the last four quarters, for a current yield of only 0.2%.

Image source: Getty Images.

Best Canadian Stocks To Own For 2023: Canadian Imperial Bank of Commerce(CM)

Canadian....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>>>